OneCoin has stopped defending its fraudulent business model. Instead, the company now claims it’s not a Ponzi pyramid scheme because only IMAs were scammed. “IMA” stands for Independent Marketing Associate and is what OneCoin...
A proposed class-action lawsuit has been filed against OneCoin in New York. The opening introduction of the complaint quotes Manhattan U.S. Attorney Geoffrey S. Berman, and pretty much says it all; [They] created a...
No offense to Jen McAdam… but talk about burying the lead. In an “exclusive” interview with McAdam, the UK’s Metro has revealed three OneCoin arrests in London over March and April. According to Metro,...
Under the Speedy Trial Act, the DOJ had until April 26th to file an indictment or information pertaining to Konstantin Ignatov. An April 26th filing reveals continues negotiations between Konstantin’s attorney and the DOJ....
After Samoan authorities banned OneCoin transactions in mid 2018, local promoters began laundering funds through New Zealand. This caught the attention of New Zealand authorities, who detailed the operation in a 124 page intelligence...
If you’re a OneCoin victim in Poland, you might be able to recover your losses via criminal proceedings. The Szczecin District Prosecutors Office has offered to go after OneCoin scammers. They just need victims...
Two OneCoin promoters have been arrested in Singapore, on the charges related to “pyramid selling”. According to a report by Rachel Mui from the Business Times, the arrests are the first of their kind...
Years of Ponzi scamming through OneCoin is catching up with scammers. Following news of €400,000 in tax fraud in Romania, now OneCoin affiliates are being arrested in Finland for the same crime. Reporting taxes...
Following detainment after his arrest in California, OneCoin’s Konstantin Ignatov has been transferred to New York. Ignatov is currently an inmate at the Metropolitan Correctional Center. In addition to quelling OneCoin social media nonsense...
OneCoin affiliates in Romania have attracted the attention of authorities, who are looking to recover €400,000 in unpaid taxes. The anti-fraud division of the National Agency for Fiscal Administration (ANAF), has identified 7.59 million...
