Despite a global crackdown on the OneCoin scam, the company is still alive and luring investors. It’s scheduled to hold a conference in Japan on Feb 22.
BBC Sounds podcast The Missing Cryptoqueen will be used as the basis for the new show, with New Regency Television International having secured the rights to the story.
Arguing the evidence presented to the court is insufficient to convict, former OneCoin lawyer Mark Scott is asking to be acquitted of the charges.
OneCoin appears to have relied on so-called “astroturfing,” using fake or inauthentic accounts to post positive reviews.
David Pike claims he never knew he was working for OneCoin, but prosecutors believe they can prove he knew better.
OneCoin has already been identified as being nothing more than a complex Ponzi scheme and several individuals are going to see time behind bars because of their actions.
Phoenix Fund Investments reportedly received some $110 million from the OneCoin scam in 2017, which was transferred to the fund through an Irish bank account.
Mark Scott has been convicted by the federal court in the Southern District of New York for laundering $400 million of OneCoin’s money.
Mark Scott claims he didn’t know he was working for a scam, but hundreds of millions laundered and questionable gifts suggest otherwise.
Neil Bush, brother and son to President George Bush, apparently had a deal on the table with OneCoin, and a meeting with Ruja Ignatova.