OneCoin affiliate a suspect in Finnish financial crime case
Finland was one of the first countries to announce a OneCoin investigation.
Unfortunately Finnish authorities put investigating the Bulgarian Ponzi scheme in the “too hard” basket.
Naturally the Ponzi problem didn’t go away, and people in Finland continued to be recruited into and scammed by OneCoin and its affiliates.
With complaints from the public continuing to pile up, two months ago police in Ostrobothnia announced they’d opened a new criminal case.
The new case stems from tax fraud reports filed by Finnish tax authorities, as well as complaints from the general public.
Ostrobothnian police today revealed they are pursuing a Finnish OneCoin affiliate suspect for tax fraud and money laundering.
According to Criminal Commissioner of Police, Antii Perala, the new case is “extensive” with losses pegged at “over half a million Euros”.
Two suspects are being pursued, with the case relating to
tax fraud and gross corruption for one. The other person is suspected of gross money laundering and gross corruption.
The OneCoin affiliate under investigation is suspected of tax fraud and gross corruption.
It was revealed back in August that Finnish authorities were pursuing ‘one of the most central Onecoin figures in Ostrobothnia’
Authorities have yet to confirm but it is likely his or her accomplice, who isn’t a OneCoin affiliate, worked with the OneCoin affiliate to launder funds stolen through OneCoin.
Osterbothnian police have concluded their investigation and handed it over to Public Prosecutors.
From there Public Prosecutors will review the case. If they choose to proceed charges will be filed and the case will head to trial.
OneCoin meanwhile continues to deteriorate, with regulatory warnings in over a dozen countries finally catching up with the company.
- affiliate investor recruitment continues to trend down globally
- OneCoin and OneLife Founder Ruja Ignatova is in hiding and hasn’t been seen in months
- OneLife CEO Pablo Munoz is also in hiding and hasn’t been seen in public for nearly six months
- OneCoin CEO Pierre Arens is manning a seemingly abandoned office in Bulgaria
- top investors continue to abandon OneCoin in droves, churning away to “me too” Ponzi altcoin scams
In addition to regulatory warnings, the suspension of affiliate ROI withdrawals is likely the biggest factor contributing to OneCoin’s collapse.
Sooner or later all Ponzi schemes run out of money. You can prolong a collapse by patching money flowing out of the scheme but that kills investor incentive.
Ultimately all you’re doing is swapping out an instant collapse scenario with a long drawn out collapse, which is what we’re seeing take place in OneCoin.
Stay tuned for updates on the Finnish Public Prosecutor’s case…