OneCoin @ BehindMLM

Estonian police have arrested four DagCoin executives, including founder Nils Grossberg and CVO Kris Ress (aka Kristjan Ress).

Although the Ponzi side of OneCoin collapsed in 2017, the MLM recruitment side continues to this day. And it’s not just easy pickings in third world countries either. As per an update from “OneCoin Scandinavia” last week, OneCoin is pivoting to travel discounts and forex fraud.

OneCoin fraudster Frank Schneider has lost his appeal against extradition to the US.

The Steinkeller brothers have delayed the Italian OneCoin criminal case. At a hearing aimed at separating Ruja Ignatova’s case, the Steinkeller’s attorney raised an objection over wiretapping.

Success Factory is a marketing spinoff for DagCoin, a OneCoin clone launched by former investor Nils Grossberg. DagCoin collapsed earlier this year, leaving investors bagholding yet another worthless Ponzi coin. To keep the grift going, Success Factory pivoted to automated forex trading. Thus far this has failed to gain traction outside of recruitment in a [Continue reading…]

Back in 2020 payment processor ePayments announced it was the subject of a freeze order. The freeze order was issued by the FCA, tying up over £100 million in client funds. Those funds are still frozen. Now ePayments has announced it’s shutting down.

OneCoin money launderer Christopher Hamilton will be extradited from the UK to the US.

Gilbert Armenta was indicted on OneCoin fraud charges in July 2017. He pled guilty to the charges in April 2018. Originally held in prison awaiting sentencing, Armenta was released on compassionate grounds in late 2020. Since then Armenta’s scheduled sentencing dates have been continuously pushed back. The official and now oft repeated reason for Armenta’s [Continue reading…]

If you’re new to OneCoin through the FBI adding founder Ruja Ignatova to their “most wanted” list, it might come as a surprise to learn the Ponzi scheme is still very much active. Given safe-harbor by corrupt Bulgarian officials, OneCoin still maintains its executives offices in the capital Sofia. These are same offices Ruja Ignatova [Continue reading…]

The FBI has added OneCoin founder Ruja Ignatova to their top ten most wanted list. US authorities have put up a $100,000 reward “for information leading to (her) arrest”.