The U.S. Department of State is offering up to $5,000,000 in rewards for information on one of crypto’s biggest mysteries. In a statement, the government says it’s looking for information from the public that would lead to the arrest and/or conviction of German national Ruja Ignatova, one of the key players behind the OneCoin scheme. […]
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The U.S. government has announced a $5 million reward for information leading to the arrest or conviction of Ruja Ignatova, the Onecoin co-founder who is wanted for orchestrating one of the largest global fraud schemes. Ignatova has been a fugitive since 2017 after Onecoin defrauded investors of over $4 billion. US Offers $5 Million Reward […]
The infamous scammer behind the $4 billion OneCoin fraud allegedly worked with a prolific drug kingpin, according to a new report. Ruja Ignatova, a Bulgarian woman known as the “Cryptoqueen,” started OneCoin in 2014 and operated the company as a multi-level marketing (MLM) network. Ignatova falsely claimed the project maintained a private blockchain, and the […]
The post Missing ‘Cryptoqueen’ Behind $4,000,000,000 OneCoin Fraud May Never Be Found: Report appeared first on The Daily Hodl.
Judge Edgardo Ramos determined that Mark Scott was not “likely to flee or pose a danger to the safety of any other person or the community if allowed to remain on bail.”
Mark Scott, a lawyer connected to the OneCoin crypto scheme recently convicted for fraud and money laundering, has been granted bail pending an appeal of his case.
In an April 18 filing in United States District Court for the Southern District of New York, Judge Edgardo Ramos approved bail for Scott three months after sentencing the lawyer to prison for 10 years. A portion of the court filing had been redacted regarding Scott’s health issues, which his legal team argued did not make him a flight risk.
“Based on the record before the Court, given Scott’s medical conditions and because he has not been charged with a violent crime, the Court does not find that Scott is likely to flee or pose a danger to the safety of any other person or the community if allowed to remain on bail,” said Judge Ramos.
A top executive of the fraudulent cryptocurrency scheme OneCoin will spend years behind bars for her role in the multi-level marketing (MLM) scam that swindled billions from victims worldwide. OneCoin, which was co-founded by the so-called crypto queen Ruja Ignatova and Karl Sebastian Greenwood in 2014, promised to pay commission to members who recruited people […]
The post ‘Head of Compliance’ at Infamous $4,000,000,000 OneCoin Crypto Scheme Sentenced to Four Years in Prison appeared first on The Daily Hodl.
A U.S. court has sentenced Onecoin’s purported head of legal and compliance to four years in prison. She “facilitated and committed money laundering, aiding in the exploitation of millions of victims,” said U.S. Attorney Damian Williams. The Onecoin legal chief was also ordered to forfeit $111,440,000. Onecoin’s Irina Dilkinska Sentenced The U.S. Attorney’s Office for […]
The brother of the infamous “Cryptoqueen” fugitive has reportedly been released from a US prison for his role in the $4 billion OneCoin crypto fraud. Bloomberg reports that Konstantin Ignatov, the brother of Ruja Ignatova, received a sentence of 34 months behind bars – time that he had already served in prison. Authorities said that […]
The post Brother of ‘Cryptoqueen’ Responsible for $4,000,000,000 Scheme Released From US Prison: Report appeared first on The Daily Hodl.
A top-level OneCoin executive is pleading guilty to accusations arising from her alleged participation in the multi-level marketing (MLM) scam that swindled over $4 billion from victims worldwide. In a statement, the U.S. Department of Justice (DOJ) says that Bulgarian citizen and OneCoin head of legal compliance Irina Dilkinska has pleaded guilty to one count […]
The post Compliance Official Pleads Guilty to Money Laundering Charges Over Role in Infamous OneCoin Crypto Scheme appeared first on The Daily Hodl.
A lawyer who laundered $400 million from the OneCoin scam has been denied a new trial despite arguing there were legal mistakes and false testimony in the original trial in 2019.
The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion seeking a new trial, despite a prosecution witness having perjured themselves in the trial against him in 2019.
According to a Sept. 18 report from Bloomberg, 54-year-old lawyer Mark Scott argued that he didn’t know OneCoin was a fraudulent operation at the time and should not be charged for his role in setting up the fund that laundered money for OneCoin founder Ruja “Cryptoqueen” Ignatov.
Scott was found guilty of money laundering and bank fraud conspiracy in November 2019, with prosecutors finding that Scott earned a total of $50 million through a fraudulent fund that processed payments and transactions siphoned from the OneCoin scheme.
His legal team has been seeking a new trial since, citing a false testimony from a government witness in the original trial.
As the #OneCoin turns: now money launderer Mark Scott's motion denied. How many years?
— Inner City Press (@innercitypress) September 18, 2023
Docketed today: "ORDER as to Mark S. Scott's motions for a new trial pursuant to Federal Rules of Criminal Procedure 29 and 33. the motions are DENIED." https://t.co/CpstHJAkrr
However, during a Sept. 18 hearing, United States District Judge Edgardo Ramos denied the attorneys’ request for a new trial, saying he was unconvinced that “an innocent person may have been convicted” despite the false testimony delivered during the 2019 trial by Konstantin Ignatov.
Konstantin Ignatov was a government witness who admitted to aiding his sister Ruja in the OneCoin fraud.
Lawyers for Scott said that they would appeal the decision, claiming that his client was “disappointed that the court did not grant a new trial given the undisputed evidence that the Government’s sole cooperating witness perjured himself.”
Related: OneCoin head of compliance facing 40-year sentence after US extradition
OneCoin was launched in 2014, and marketed itself as a cryptocurrency that was similar in structure to Bitcoin. However, it was later revealed to be a pyramid scheme that functioned by luring in new users with fictitious claims and promises of high future earnings.
The prosecution claimed that Scott used the $50 million in proceeds from OneCoin to finance an expensive lifestyle, buying a swathe of luxury goods including numerous multimillion-dollar homes, watches, sports cars and a 17 meter yacht.
On Sept. 12, Ramos sentenced OneCoin’s co-founder Karl Greenwood to 20 years in prison in the United States, after he was found guilty of a litany of charges including fraud and money laundering.
In 2014, a woman named Ruja Ignatova launched a fake cryptocurrency named "OneCoin". Despite the currency never existing, Ruja convinced people all over the world to invest. In 2017, after raking in $4 billion profit, she boarded a plane to Greece and hasn't been seen since. pic.twitter.com/DoJCfmy0Uj
— Informative & Interesting (@infotale_in) March 15, 2023
Ruja Ignatov has not been seen since October 2017 and is currently on the Federal Bureau of Investigation’s Ten Most Wanted List.
Big Questions: What’s with all the crypto deaths?
One of the co-founders of the $4 billion OneCoin crypto pyramid scheme has been sentenced to 20 years in prison. Karl Sebastian Greenwood co-founded the infamous fraud with Ruja Ignatova, widely known as the “Cryptoqueen.” Greenwood and Ignatova started OneCoin in 2014 and operated the company as a multi-level marketing (MLM) network. They falsely claimed […]
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