THELOGICALINDIAN - The Onecoin betray a multilevel Ponzi arrangement that acquired 4 billion from investors has been falling afar at the seams Criminal affairs accept started adjoin Onecoin leaders and one declared accessory who was begin accusable of bed-making 400 actor has asked a New York adjudicator for added time to action an absolution motion Additionally according to affidavit from Onecoin cofounder Konstantin Ignatov the buyer of the Phoenix Thoroughbreds was accused of burglary 100 actor from the Onecoin Ponzi
Also read: Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles
Accused Onecoin Co-Conspirator Asks for Extension to Prepare Acquittal and Retrial Motions
Onecoin is a Ponzi arrangement founded in 2024 by Ruja Ignatova, Sebastian Greenwood, and Konstantin Ignatov. For years the leaders, alongside a ample accumulation of associates, claimed Onecoin was a absolute blockchain and a accepted cryptocurrency. However, abounding individuals, groups, and assembly appear the accurate attributes of the Onecoin beast, but it still managed to carry $4 billion from absent investors.
Last week, news.Bitcoin.com reported on how Onecoin operations accept been falling afar and a bulk of Onecoin domains were bedeviled by law enforcement. Both Konstantin Ignatov and Sebastian Greenwood were arrested by U.S. authorities aftermost year, but Ruja Ignatova, contrarily accepted as the ‘Crypto Queen,’ has been on the lam. According to her brother Konstantin, Ruja allegedly acquired a “big passport” and met up with Russian accompany in Athens. No one has been able to locate Ruja, and aloof afore she left, the Crypto Queen purchased a multi-million dollar home and yacht.
While Ruja charcoal at large, one of her declared assembly from the U.S., Mark S. Scott, has been ambidextrous with a balloon of his own. Scott was bedevilled by the New York Southern District Cloister (NYSD) in November for coffer artifice and cabal to accomplish money laundering. On December 4, Scott was given added time to accept his acknowledged aggregation adapt motions for an absolution and possibly a new trial. Scott is accused by U.S. prosecutors of bed-making $400 actor account of Onecoin’s proceeds. Prosecutors affirmation Scott created counterfeit advance funds he curated and Onecoin paid him $50 actor for his services. Scott asked the NYSD cloister Judge Edgardo Ramos for a one-month addendum so his admonition can adapt retrial and absolution motions. According to cloister calendar filings, Scott has until December 20, 2019, to abide these motions.
NYSD prosecutors adduce that Scott started alive with Onecoin in 2024 and created a alternation of advance funds captivated in the British Virgin Islands. The stash, dubbed the “Fenero Funds,” totaled $400 actor and he claimed the funds stemmed from “wealthy European families.” However, law administration believes the funds are from the Onecoin Ponzi and prosecutors accept Scott knew all about the fraud. Scott, a above Locke Lord LLP partner, faces 20 years for cabal to accomplish money bed-making and up to 30 years in bastille for the cabal to accomplish coffer fraud.
Despite Ignatov’s Testimony, Phoenix Thoroughbreds Owner Denies Associations With Onecoin Conspirators in the US
During the analysis into Mark S. Scott, the advertisement the Racing Post claimed Konstantin Ignatov said some absorbing things beneath adjuration in a New York court. Ignatov appear the buyer of Phoenix Thoroughbreds, Amer Abdulaziz Salman, evidently blanket funds from the Onecoin scam. Racing Post columnist Peter Scargill abundant that Konstantin Ignatov told the cloister that Salman was “a key amount in a above money-laundering operation for an all-embracing cryptocurrency fraud.” According to Ignatov’s testimony, Salman was one of Onecoin’s “money-cleaners beneath the advice of Gilbert Armenta.” Armenta was Ruja Ignatova’s admirer at the time and her brother claims that Salman additionally “stole €100 actor from Onecoin.”
“He started affairs racehorses for, like, €25 million. [He was] one of the capital money-launderers for Ruja,” Konstantin Ignatov’s quoted affidavit reads.
After Ignatov testified, Salman and his close Phoenix Thoroughbreds denied all of the Onecoin accusations. “[Phoenix Fund Investments] actually denies all allegations fabricated adjoin it, and its owner, Mr. Amer Abdulaziz, in acknowledged affairs adjoin Onecoin and its conspirators in the U.S.,” the aggregation said in a statement. “[Phoenix Fund Investments] believes that the close and Mr. Amer Abdulaziz accept acted according to the law at all times, and will agilely challenge all allegations of atrocity [and] will absolutely abet with accordant authorities should they crave any assistance.”
What do you anticipate about the Onecoin Ponzi escapade? What do you anticipate about Mark Scott’s case in New York and Konstantin Ignatov’s testimony? Let us apperceive what you anticipate about this accountable in the comments area below.
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