Ponzi schemes are not a new concept to the world, but they’ve become supercharged with the explosion of digital currencies in recent years.
Mark Scott is being tried in a court in New York, accused of routing the proceeds of crypto scam One Coin, amounting to $400 million, out of the United States illegitimately.
Diane Sands, Derek Collins, Dierde Ceannt and Greg Begley were all set to testify next month, reportedly able to produce especially damaging evidence.
The U.S. gov’t has requested four BOI execs to testify in the case against OneCoin’s Mark Scott. The execs will help the gov’t prove that he laundered over $300M through the bank.
A victim of the OneCoin cryptocurrency scam has filed a lawsuit in New York, revealing the extent of the losses suffered its victims.
The alleged head of a Ponzi scheme was denied bail after the court deemed he has the resources and connections needed to run from the law.
The Australian Securities and Investment Commission warned the public in a notice that it suspected OneCoin “could be involved in a scam.”
A former investor in the infamous OneCoin cryptocurrency project has sued the firm over the loss of $130,000.