Success Factory raided in Netherlands, Igor Alberts a fugitive?
Success Factory’s offices in the Netherlands were raided last Tuesday. FIOD, who investigate financial crimes in the Netherlands, conducted the raid on behalf of Estonian authorities.
OneCoin @ BehindMLM
UAE court rules in favor of OneCoin victim
In contrast to the crime infested cesspool that is Dubai, a court in Ras Al-Khaimah recently heard a case brought by a OneCoin victim. Judgment was found in favor of the victim (shocked pikachu face).
DagCoin scammers Nils Grossberg & Kristjan Ress arrested
Estonian police have arrested four DagCoin executives, including founder Nils Grossberg and CVO Kris Ress (aka Kristjan Ress).
OneCoin pivots to travel discounts, skin care & forex fraud
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.
Frank Schneider loses OneCoin extradition appeal
OneCoin fraudster Frank Schneider has lost his appeal against extradition to the US.
Steinkellers delay Italian OneCoin criminal proceedings
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 falling apart, Igor Alberts flees to Dubai
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…]
ePayments shuts down, offers clients refunds (OneCoin?)
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’s Christopher Hamilton a step closer to US extradition
OneCoin money launderer Christopher Hamilton will be extradited from the UK to the US.
Gilbert Armenta’s sentencing contingent on Mark Scott’s case
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…]
