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Category: Onecoin Fraud
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Bulgarian Chief Prosecutor Accused of Willfully Failing to Act Against Onecoin Fraudsters
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Seychelles Law Enforcement Receives Request to Probe Transfer of 230K Onecoin Bitcoins
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Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation Fund
Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund. The envisioned EU-administered fund will function as an insurance kitty for current and future victims of all crypto fraud. The petitioners are proposing the levying of an “unnoticeable” fee of 0.0001 cent per […]
The post Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation Fund appeared first on Bitcoin News.
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US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer
Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped launder $400 million and the entity hopes to seize his current […]
The post US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer appeared first on Bitcoin News.
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‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal
While Onecoin’s crypto queen Ruja Ignatova remains at large, U.S. resident Mark Scott is trying to get his verdict acquitted after being accused of helping Onecoin leaders, including Ignatova, launder money and commit fraud. Also read: ‘What Bitcoin Did’ – Scanning the Hottest Cryptocurrency Keywords and Google Searches NYSD prosecutors Cite Strong Evidence Against Lawyer […]
The post ‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal appeared first on Bitcoin News.
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UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection
Epayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been complaining because they cannot access their money. Reports also detail that if the firm becomes […]
The post UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection appeared first on Bitcoin News.
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New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen
The story of Onecoin and cofounder Ruja Ignatova might be seen on television sets in the near future. Reports detail that New Regency Television International participated in a bid for the rights to the BBC Sounds podcast “The Missing Cryptoqueen.” Also read: The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors New Regency Television […]
The post New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen appeared first on Bitcoin News.
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The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors
In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in New Zealand that allegedly have links to the Onecoin operation and founders. Also read: Onecoin […]
The post The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors appeared first on Bitcoin News.
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Accused Onecoin Co-Conspirators Fight Criminal Charges in the US
The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time to process an acquittal motion. Additionally, according […]
The post Accused Onecoin Co-Conspirators Fight Criminal Charges in the US appeared first on Bitcoin News.
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