Ugandan OneCoin kingpin John Mwambusya arrested

9 Comments on “Ugandan OneCoin kingpin John Mwambusya arrested”

#1

Oz

Feb 1st, 2022 at 9:28 pm  Oz(Q)

Africa: Even we have had enough of OneCoin. Start arresting them.

Dutch authorities looking at Igor Alberts’ scam kingdom: This is fine.



#2

Cane

Feb 2nd, 2022 at 12:15 am  Cane(Q)

The Africa, more specifically Uganda OneCoin Saga produced some great memes. After Konstantin’s visit some local Ugandan musician going by the name of BillGates Griffin made a song called “Border to Border”.

One of the verses sings “We go digital money, we go crypto money, WE GO CASHLESS“, which unfortunately makes me chuckle a bit every time I listen to the song because everyone that got involved probably went literally cashless, as in was stripped from their hard earned money in exchange for digital Chuck E. Cheese tokens that are worthless.



#3

Stevie

Feb 2nd, 2022 at 12:53 am  Stevie(Q)

Except it was “Boarder to Boarder”! I can’t imagine why you would listen to this song more than once.

Before they all vanish a repository of all fan inspired cringeworthy music about OneCoin needs to be collected. My favorite is the Asian kids playing at being IMAs and embracing the vision



#4

Lynndel "Lynn" Edgington

Feb 2nd, 2022 at 3:28 am  Lynndel "Lynn" Edgington(Q)

A big shot out to Daniel Leinhardt who stood up to the OC crowd and filed his complaint that started the investigation. His encouragement of others to file a complaint is what led to this investigation ending in John Mwambusya being arrested.

If you don’t report them, they get away with it. Investigations take time, but if enough people file a complaint and provide specific details, not just claim it is a Ponzi, is how you get an investigation started. Been preaching this for 18 years.

Victims must be “PROACTIVE.” Instead most victims just vent their frustrations in posts but won’t file a complaint.

Hopefully this news will get other Uganda victims to come forward and file a complaint as well to bolster the case by the authorities.



#5

Melanie from Germany

Feb 2nd, 2022 at 9:13 pm  Melanie from Germany(Q)

How Crypto Bridge African Ltd director cheated Ugandans over UGX. 3Bn

share-your-photo.com/5419616e0c

ugstandard.com/how-crypto-bridge-african-ltd-director-cheated-ugandans-over-ugx-3bn/



#6

Melanie from Germany

Feb 3rd, 2022 at 6:03 pm  Melanie from Germany(Q)

In a newsletter dated April 14, 2021, scammers in Sofia praised Ugandan scammer John Mwambusya. See my comment:

https://behindmlm.com/companies/onecoin/konstantin-arrested-criminal-charges-filed-against-ruja-ignatova/#comment-436947



#7

WhistleBlowerFin

Feb 4th, 2022 at 9:13 pm  WhistleBlowerFin(Q)

Luca Di Donna, an Italian lawyer and a friend of the ex-PM Conte, is under investigation in Italy regarding connections to OneCoin money laundering.

CONTE HAS A PROBLEM: HIS FRIEND LUCA DI DONNA – THE LAWYER HAS OBTAINED FEES CLOSE TO 700 THOUSAND EUROS FROM MYSTERIOUS BULGARIAN COMPANIES, LINKED TO A FOUR BILLION DOLLAR VIRTUAL CURRENCY MEGA SCAM – ACCORDING TO THE ANTI-MONEY LAUNDERING AUTHORITIES, THE COMPANY IS OWNED BY RUZHA IGNATOV, THE “QUEEN OF CRYPTOCURRENCIES” ON TRIAL IN THE UNITED STATES AND UNTRACEABLE FOR YEARS – DI DONNA, UNDER INVESTIGATION IN ROME FOR TRAFFICKING IN INFLUENCE, DEFENDS HIMSELF: “THEY ARE ONLY FEES FOR MY AND ALPA’S DEFENSE TEAM”.

Italian companies reported by the financial investigators of the Anti-Money Laundering Department. Fees close to 700 thousand euros from mysterious Bulgarian companies, linked to a 4 billion dollar virtual currency mega scam.

Almost one million from companies placed under state receivership such as Condotte and Inso of Florence.

Companies in Dublin that deal with buying and selling real estate and srl with the lobbyist Giampiero Zurlo, founder of Utopia.

Reading the new papers of the anti-money laundering investigators of the UIF of the Bank of Italy, it is evident that Luca Di Donna, friend of Giuseppe Conte and former partner of Guido Alpa’s firm, is an enterprising lawyer.

Not only because in a few years he has managed to multiply his earnings, almost simultaneously with the political rise of his friend. But because, as Domani discovers today, hundreds of thousands of euros pass through his current accounts, also coming from abroad, and which have ended up in the crosshairs of a series of suspicious reports.

The documents reveal unpublished business of the lawyer, finished some time ago on the front pages because he was accused of trafficking in influence by the pool of anti-corruption magistrates in Rome.

The prosecutors have put under the magnifying glass the business that Di Donna has closed during the health emergency, intermediating lots of masks and asking – according to the prosecution – a percentage to some entrepreneurs interested in the business.

Entrepreneurs who have accused Di Donna of boasting entrature with Conte himself and in the commissarial structure of Domenico Arcuri, deputed to the operational management of the contrast to the pandemic triggered by Covid-19.

The lawyer has always denied to have “trafficked” the name of the former Prime Minister, and from his entourage explain to Tomorrow that the accusers have invented false circumstances and lies “that will soon be demonstrated before the investigators.

BULGARIAN CLIENTS

Beyond the judicial affair of which it is still necessary to evaluate the contours and responsibilities, the documents of the anti-money laundering authority arrived at the Prosecutor’s Office in Rome highlight many new movements.

Money flows from which several anomalies would emerge, the detectives claim. Starting from the relationships with foreign companies, in particular those in Bulgaria.

Let’s go in order, starting with the year 2018. On July 16, the Conte Uno government, with Lega and Cinquestelle allies, had been in place for just a month.

On the same day, Di Donna benefited from a transfer from Sofia: 321 thousand euros paid by B&N Consult Eood. It was not the only payment: four months later, at the end of November, here comes on the account of the lawyer a new donation of almost 365 thousand euros.

“Causal “final payment on success fee”, reads the report. Translated: “Final payment for objective achieved”. Of which objective it is not specified.

In practice in the arc of hundred days the friend of the president of the council “has therefore altogether received from the B&N Consult 685.786 euros, presumably by way of payment of performances”, write the financial investigators.

ANTI-MONEY LAUNDERING DOCUMENTS ON LUCA DI DONNA

But who is the head of this Bulgarian company specializing in consulting and commercial brokerage that pays substantial fees to the former friend (“I no longer have frequentations with him,” said Conte) of the head of the 5 Stars?

The documents show several changes in the shareholding structure of B&N: until June 2017, it was controlled by a second company, owned by a certain Irina Dilkinska; subsequently, a man born in 1982 whose last name is Boychev took over. Impossible to trace a sketch of him.

The anti-money laundering department only reports that he has a police record for fraud.

THE SCAM OF THE CENTURY

But in reality, according to information exchanges between Italian and foreign investigators, B&N “would be traceable to Ruzha Ignatov”.

A name unknown in Italy, but famous in Bulgaria, Great Britain and the USA. Because it leads straight into the biggest fraud ever made with virtual currencies.

A scam from the beauty of 4 billion dollars implemented by following the famous “Ponzi” scheme, which rewards the first investors of a project with large gains in a very short time, at the expense of new ones who rush once they know the promising business.

At that point the profits will vanish, and only the multi-million dollar losses will remain, turning the smaller investors into fraudsters.

The mega scam had been organized by Ignatova herself, through another company of hers, OneCoin.

The woman has been renamed in a BBC podcast “The missing Cryptoqueen”, the untraceable queen of cryptocurrencies: since 2017, the year of the first investigation in the United States against her, she has in fact disappeared from circulation.

Where she ended up, no one knows. The enigma has fueled legends and suspicions: someone believes that she is hidden in some atoll with the billionaire loot, others fear that the clans of the Russian mafia have settled accounts with a cumbersome partner. Only suppositions.

THE TRIAL IN THE USA

On trial today in New York is his brother Konstantin Ignatov, who took over OneCoin after Ruja’s disappearance.

Ignatov was arrested on March 6, 2019 at the Los Angeles airport, charged with conspiracy to commit wire fraud through “an international pyramid scheme involving the marketing of a fraudulent cryptocurrency called ‘OneCoin,'” reads the documents in the case “Ignatov v. United States of America.”

The sister, founder and mastermind of OneCoin, is also charged with money laundering. Judgment is expected in May 2022.

The acts of the New York trial consulted by Domani reveal that the mysterious B&N Consult that has paid consultancy to Di Donna is precisely among the companies suspected of being the crossroads of the money of the scam engineered by “Cryptoqueen”.

Attached to the records of the trial is also a contract between B&N and one of the holding companies headed by one of the defendants, Mark Scott, an associate of the Ignatovs.

In a passage of the document of the prosecution we read that Scott through a dozen accounts in the name of companies has poured almost 400 million (including dollars and euros) in a fund in the Caymans, the islands known to be the paradise of tax evaders and money launderers.

Among these companies, we read in the same document, there is also the Bulgarian B&N Consult.

Not only that: according to the AML, B&N Consult, “which as seen is traceable to Ms. Ignatova, turned over funds to compliant parties who in turn employed them in favor of a major law firm that was supposed to receive the sum of $1.06 million for carrying out legal defense activities of Konstantin Ignatov, following his arrest and lawsuit against the United States.”

Konstantin was arrested in 2019. So B&N, when it paid of Donna at the end of 2018, was still in relationship with the family of the “Cryptoqueen”.

“NO MYSTERY”

In Italy, OneCoin had been sanctioned by the Italian market regulator with fines of over €2 million. It was 2017, two years later the Guardia di Finanza would also intervene with rash seizures.

According to people close to Di Donna contacted by Domani, these are normal professional fees that “OneCoin” would have paid to Di Donna.

“The lawyer knew nothing about the alleged Ignatov billionaire fraud. He received, together with Guido Alpa and Federico Tedeschini’s law firm, from the Bulgarian company the assignment to defend it in the case before the Antitrust Authority and in other legal proceedings in Italy”.

The Di Donna firm also points out that the fee is so high “because it would then have been divided among the entire defense team”.

In practice, the money received by B&V, which seems to be an operating arm of OneCoin, also went to Alpa, Tedeschini, various collaborators and translators. Why did the Bulgarians turn to Di Donna?

“Not only to him, but to two other big law firms. A proposal that arrived before Conte became premier.

It is important to underline that if the anti-money laundering department has to do its job”, conclude the Di Donna law firm, “the witch-hunt against those who, mistakenly, are defined by the newspapers as Conte’s “loyalists” risks destroying two sacrosanct principles.

That of everyone’s right to a defense. And that of the lawyers not to be confused with the judicial events of their clients. Otherwise we are at the barbaric”.

Translated to english using DeepL.

Article link:

dagospia.com/rubrica-29/cronache/conte-ha-problema-rsquo-amico-luca-donna-rsquo-avvocato-ha-298448.htm



#8

Melanie from Germany

Feb 4th, 2022 at 10:49 pm  Melanie from Germany(Q)

WhistleBlowerFin: The documents show several changes in the shareholding structure of B&N: until June 2017, it was controlled by a second company, owned by a certain Irina Dilkinska; subsequently, a man born in 1982 whose last name is Boychev took over.

Semjon mentioned Aleksandar Boychev Stavrev in this comment. Could that be that man?

https://behindmlm.com/companies/onecoin/konstantin-ignatov-wants-out-of-prison-requests-pre-trial-release/#comment-411736



#9

Oz

Feb 5th, 2022 at 10:28 am  Oz(Q)

This is a bit of out left field. Wonder if there’s a connection to the Steinkellers…