Mark Scott released from prison over medical concerns
OneCoin money launderer Mark Scott has been released from prison. The decision was made on the basis of Scott’s current medical condition and concerns over the coronavirus pandemic.
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Benjamin Reynolds served, CFTC to file for default
The CFTC’s case against Control Finance CEO Benjamin Reynolds continues. Reynolds was served via notices placed in the Daily Telegraph newspaper. He’s unlikely to have seen them though, because Benjamin Reynolds doesn’t exist.
Redwood Scientific Tech trial delayed due to COVID-19
In what I imagine is going to become a frequently increasing occurrence, the scheduled FTC v. Redwood Scientific Technologies trial has been pushed back.
How Mark Scott used Apex Group to launder OneCoin funds
In his witness testimony at Mark Scott’s trial, Konstantin Ignatov claimed OneCoin took in over $2 billion. In January 2019, US authorities pegged OneCoin losses at over $4 billion. That money had to go somewhere. Today we examine exactly how Mark Scott shuffled hundreds of millions of euros for OneCoin’s owner, Ruja Ignatova.
Frank Calabro Jr. stole over $2.2 mill from USI-Tech victims
Earlier this month Frank Calabro Jr. posted a series of rants against the North Carolina Securities Division. In one provided court transcript, it is revealed Calabro Jr. stole at least $2.2 million from USI-Tech Ponzi victims.
Konstantin Ignatov released, Mark Scott returns to prison
Over the weekend OneCoin’s Konstantin Ignatov was released from prison. Conversely but for an unrelated reason, Mark Scott returned to prison. I was hoping we’d get a case docket update today but doesn’t look like that’s going to happen.
First OneCoin US arrest was in October 2017
Mark Scott’s trial saw FBI Special Agent Shimko take to the stand. As revealed in Special Agent Shimko’s cross-examination, the first known OneCoin arrest by US authorities was mid September 2017.
How OneCoin was illegally promoted in the US
On paper OneCoin never officially operated in the US. Unofficially US investors were being fed the same lies and encouraged to sign up. Spearheading these efforts were Maurice Katz and Sal Leto. Katz and Leto hosted various OneCoin events across the US, with the assistance of local promoters. One such event was attended by William [Continue reading…]
Matt Lloyd cops $318 mill MOBE fraud FTC judgment order
Matthew Lloyd McPhee has been handed down a $318 million dollar final judgment.
The witness testimony of Konstantin Ignatov
If you ever wondered what day to day life was like in a $4 billion dollar Ponzi scheme, Konstantin Ignatov’s witness testimony is probably your best bet. BehindMLM reader WhistleBlowerFin has graciously made available transcripts from Scott’s trial late last year. In addition to his pre-trial testimony and live reporting from the Inner City Press, [Continue reading…]
