TagOneCoin

OneCoin, the Crypto Scam that Refuses to Die, Resurfaces on YouTube

pyramid scheme

By CCN Markets: A OneCoin promoter based in Trinidad and Tobago has appeared in a YouTube video promoting the controversial cryptocurrency, further proving how enduring the scam has been. The promoter, known as Cordel ‘KingJayms’ James, was captured in a video suggesting that the best way to assist Konstantin Ignatov, the CEO of OneCoin who is being held in the U.S. while awaiting trial, is to...

OneCoin Scam Victim Files New York Lawsuit after $760,000 Loss

OneCoin

A filing in a lawsuit filed against cryptocurrency firm OneCoin has revealed that one of the proposed lead plaintiffs lost over $700,000 in the scam. According to documents submitted on July 8th in a Manhattan court, proposed lead plaintiff Donald Berdeaux invested approximately $755,918.92 in OneCoin between August 2015 and May 2016. This translated to an investment of around $76,000 per month...

OneCoin Crypto Scam Boss Faces Jail Trial after $20 Million Bail Fail

Onecoin

The CEO of the OneCoin cryptocurrency scam, Konstantin Ignatov, will have to undergo trial while still in custody. The New York Southern District Court’s Judge Edgardo Ramos denied a bond application filed by Ignatov despite the top leader of the cryptocurrency scam having proposed attractive release conditions, as first ported by Finance Feeds. Ignatov is accused of a conspiracy to commit wire...

Judgment Day: Crypto-Shilling Church Pays Price for OneCoin Scam Link

onecoin scam, crypto

By CCN Markets: Judgment day has arrived for a Samoan church that New Zealand authorities say has damning links to the notorious OneCoin cryptocurrency scam. New Zealand, Samoa Target Church Over OneCoin Crypto Scam According to Radio New Zealand, New Zealand’s Department of Internal Affairs is investigating the Auckland branch of the Samoan Independent Seventh Day Adventist Church (SISDAC) over...

Embattled CEO of $3.8B Crypto Ponzi Scheme OneCoin Pleads Not Guilty

pyramid scheme

By CCN: Konstantin Ignatov, the CEO of the multi-billion-dollar "crypto" Ponzi scheme OneCoin, has pleaded not guilty to wire fraud. According to court documents, Ignatov entered the plea during a May 28 preliminary hearing via conference call. As CCN reported, Ignatov — a Bulgarian national — and his sister Ruja Ignatova was charged with wire fraud, securities fraud, and money laundering related...

Embattled OneCoin Denies Multi-Billion Dollar Ponzi Scheme Allegations

onecoin, ponzi scheme

By CCN: OneCoin execs are sick of being called a Ponzi scheme. Allegations of ripping off churches are false too, they claim. In a lengthy letter to the Samoa Observer, the cryptocurrency-powered marketing company defended itself against what it considers to be false allegations OneCoin takes issue with news articles that were used by the Central Bank of Samoa (CBS), which fueled the Ponzi scheme...

Crypto Scammin' Church Ministers Steal $2.3 Million as OneCoin Promoters

OneCoin, Samoa

By CCN.com: For cryptocurrency scammers, no grounds are too holy to scout for potential ‘investors’ as everyone, including churchgoers, is game. Based on an intelligence report from the New Zealand Financial Intelligence Unit (NZFIU), the Central of Bank of Samoa (CBS) has accused two ‘large churches’ in the Asia Pacific (APAC) country of assisting in the proliferation of the OneCoin...

Singapore Slams OneCoin Promoters Behind Multi-Billion 'Crypto' Scam

Onecoin, crypto, Singapore

Singapore has joined a growing list of countries cracking down on the promoters of the multi-billion dollar OneCoin pyramid scheme. The Business Times reports that investigations conducted by the Singapore Police Force (SPF) hav resulted in two men being charged for promoting OneCoin cryptocurrency. One of the men also faced another charge of incorporating a firm known as One Concept Pte. The...

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