OneCoin Sinks To New Low Taking From Chinese Man All His Jail Compensation
A Chinese man who spent 23 years in jail for a murder he never committed has lost one million yuan ($145,000) of his compensation money to OneCoin that many believe is a Ponzi scheme. In a poignant example of how a lack of education makes lay consumers easy prey for OneCoin, Chen Man only realized he had been involved in a pyramid scheme after his lawyer became suspicious. “Most people are not familiar with this area, so, in this new field, I could perhaps stand on the same starting line as everyone else,” Sixth Tone quotes Man as saying. “I’ve been disconnected from society for too long.”....
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The US Justice Department (DOJ) has announced a compensation process for victims of the OneCoin fraud. The funds are expected to come from property forfeited in the case, money traced back to the people behind the scheme, including co-founders Ruja Ignatova and Karl Sebastian Greenwood. The DOJ said in a Monday statement that more than $40 million in forfeited assets are currently available for victim compensation. OneCoin Proceeds To Compensate Victims OneCoin was an international cryptocurrency investment scheme that ran from 2014 to 2019 and relied on deception to draw in investors....
Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund. The envisioned EU-administered fund will function as an insurance kitty for current and future victims of all crypto fraud. The petitioners are proposing the levying of an “unnoticeable” fee of 0.0001 cent per €1 on all crypto-asset transactions conducted on EU territory. Explaining the pivot towards the European Parliament, the victims’ lawyer, Jonathan Levy, says they have now made the decision to approach the....
Angelina Lazar, rogue economist and cryptocurrency revolutionary tells Cointelegraph all about her war with OneCoin. In Part 1 of her story, Lazar gave her view of OneCoin founder Ruja Ignatova. Here in Part 2, Angelina accuses Boris Boyko, the former Prime Minister of Bulgaria, and the Serbian President Tomislav Nikolic of taking bribes from OneCoin, and asks what role Joe Biden, Vice President of the USA, had to play. Cointelegraph: What happened after no one at meeting with OneCoin leaders can answer you who, after all, audits OneCoin? Angelina Lazar: Riitta had escaped as soon as I....
For now, these claims have not been proven, and should be ignored for the time being. OneCoin is not a cryptocurrency, and anyone claiming otherwise is one of their paid shills. The OneCoin saga seems to be far from over right now. One thing has to be said”: the team behind this project will stoop to new lows to keep up the illusion of credibility. In a recent Youtube video, the team claims Semper Fortis is verifying OneCoin as a cryptocurrency. These claims are false, and OneCoin remains a bag of hot air. For those who are unaware, the OneCoin program is nothing more than a blatant Ponzi....
A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional Ombudsman, Jonathan Levy accuses officials in Sofia of failing to provide justice to the victims while seemingly protecting “the most notorious criminal organization.”
Lawyer Slams Bulgarian Authorities for ‘Misfeasance’ in Onecoin Case
In the petition, Dr. Levy....