New York Court Grants Continuance in OneCoin-Connected David Pike’s Case

New York Court Grants Continuance in OneCoin-Connected David Pike’s Case

The New York Southern District Court determined that the lawsuit against David Pike, who is connected to the crypto Ponzi scam OneCoin, would go on according to a recent court order. The latest court order from the New York District Court reveals that there is an ongoing discussion regarding the potential for a pre-indictment disposition for David Pike. Therefore, the court is granting the case a continuance up until the 12th day of January 2020….

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Prosecutors Accuse OneCoin’s Lawyer of $50M Compensation from the Crypto Ponzi Scam; Court Says Guilty!

Prosecutors Accuse OneCoin’s Lawyer of $50M Compensation from the Crypto Ponzi Scam; Court Says Guilty!

Currently under investigation, OneCoin has become one of the most infamous cryptocurrency Ponzi scams. Despite that, OneCoin has denied all allegations of being a Ponzi scheme and is still operational despite the growing number of accusations and arrests of affiliated people. Mark S. Scott is a lawyer and former partner at the law firm Locke Lord who worked closely with the co-founder of OneCoin the “CryptoQueen” Ruja Ignatova. He was accused by a US prosecutor,…

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OneCoin Scam Paid $300K to Neil Bush, George H.W. Bush’s Son and George W. Bush’s Brother

OneCoin Scam Paid $300K to Neil Bush, George H.W. Bush’s Son and George W. Bush’s Brother

The vanished head of the OneCoin crypto Ponzi scheme, Ruja Ignatova (also known as the CryptoQueen), has paid $300K to Neil Bush, the son of the late 41st U.S. President George Bush and the brother of the 43rd President George W. Bush, for attending meetings organized by Ignatova’s fraudulent cryptocurrency company. OneCoin is again in the news for all the wrong reasons. It is undergoing a legal investigation in the United States for allegedly laundering…

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OneCoin’s Konstantin Ignatov Confesses to Fraud in the Crypto Ponzi Scheme

OneCoin’s Konstantin Ignatov Confesses to Fraud in the Crypto Ponzi Scheme

The brother Ruja Ignatova, Konstantin Ignatov, has confessed to his involvement in the crypto fraud of OneCoin. He pleaded guilty to multiple charges such as fraud and money laundering. Authorities have concluded that over $4 billion was fraudulently raised internationally in what appears to have been a cryptocurrency Ponzi scheme. The organization behind OneCoin that is based in Bulgaria denies all allegations and remains operational. Ignatov was arrested in March, from the Los Angeles International…

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Transcript from OneCoin Money Laundering Case Details $4 Billion Crypto Ponzi Scheme

Transcript from OneCoin Money Laundering Case Details $4 Billion Crypto Ponzi Scheme

Attorney Mark Scott was charged in August 2018 on the basis of laundering an amount of over $400 million in investors’ funds via a valueless cryptocurrency scam called OneCoin, and he’s currently standing trial. The transcript of the hearings held on September 13th last year was made public recently, a few months after the court hearings. The transcript of the proceedings provides an in-depth understanding of the global investigation behind the OneCoin crypto Ponzi scheme…

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Attorney of OneCoin Ponzi Scheme Stands Trial for $400M Money Laundering

Attorney of OneCoin Ponzi Scheme Stands Trial for $400M Money Laundering

Mark Scott, lawyer of the OneCoin cryptocurrency Ponzi scheme, undergoes trial for laundering $400 million out of the U.S. For those who do not know what OneCoin exactly is, it was perhaps one of the biggest scams in cryptocurrency’s short history. Konstantin Ignatov and Ruja Ignatova were behind this international pyramid scheme. Ruja was charged by prosecutes in the U.S. with money laundering, wire fraud and securities fraud; she thereafter vanished from the public eye,…

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British South Asian Among the Most Affected Victims of the OneCoin Scam

British South Asian Among the Most Affected Victims of the OneCoin Scam

In 2016, an massive cryptocurrency opportunity was unveiled that essentially alleged that OneCoin had been lying to its customers about the true value of the digital currency that the company was offering. A recent in-depth investigation has revealed that British South Asian Muslims living in the United Kingdom were the most impacted victims by OneCoin cryptocurrency scam, as they were duped to believe that the investment in the company had some potential. What is of…

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OneCoin Supporters Send Death Threats to Woman Fighting the Crypto Pyramid Scheme

OneCoin Supporters Send Death Threats to Woman Fighting the Crypto Pyramid Scheme

OneCoin is supposedly a digital currency estimated to have raised over £4 billion globally in the form of investments, but US prosecutors claim that the cryptocurrency is a front for a pyramid scheme, designed just to extract money from its investors. The founder, Ruja Ignatova, has vanished after being charged with money laundering charges since. As a once-hopeful investor herself, Jen McAdam has been working with a group of other investors who are victims of…

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Prosecution to Call Bank of Ireland Members in OneCoin Money Laundering Case

Prosecution to Call Bank of Ireland Members in OneCoin Money Laundering Case

Several individuals are facing criminal proceedings launched against them for participating in the fraudulent digital currency scheme of OneCoin. Konstantin Ignatov, Ruja Ignatova and Mark Scott, continue to face these proceedings at the New York Southern District Court. The whole crypto Ponzi scheme is estimated to be worth billions of dollars and so far the investigating bodies have identified dozens of people who assisted or operated the fraud in a bid to capture millions of…

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Everything You Need To Know About the OneCoin Crypto Ponzi Scheme

Everything You Need To Know About the OneCoin Crypto Ponzi Scheme

Many investors who wanted to jump on the cryptocurrency wagon had thought that they found the perfect opportunity for that in the crypto investment scheme OneCoin. Unfortunately, OnecCoin turned out to be nothing more than a scam. In this in-depth article, we will review everything about the OneCoin crypto Ponzi scheme. Cryptocurrency has always been considered to be a risky business. Investing in it requires a certain amount of trust, and in the worst case,…

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