Frank Ricketts | FinTelegram News

Tag: Frank Ricketts

January 9, 2024

Financial Crime: The Crucial Role of Lawyers in Facilitating OneCoin and Similar Crypto MLM Frauds!

In a startling revelation of legal malpractice in the crypto industry, the OneCoin fraud case has brought to light the critical involvement of lawyers in facilitating large-scale financial scams. Recently, a German court sentenced Martin Breidenbach, an attorney implicated in the OneCoin scheme, as a money launderer. In the U.S., Mark S. Scott, a former lawyer at the reputable firm Locke Lord LLP, was also convicted of laundering $400 million from OneCoin proceeds.

January 9, 2024

German Court Sentenced OneCoin Fraudsters And Their Lawyer To Prison Time!

The Münster Regional Court in Germany has handed down sentences in the notorious OneCoin crypto MLM fraud case, sentencing Frank Ricketts to five years and his wife, Manon Hubenthal, to four years in prison. The couple was convicted of amassing approximately €320 million from around 90,000 OneCoin victims across Europe. Their lawyer was convicted of money laundering.

Urgent Warning: Beware of Suki Chen and the Streakk/Earn World Crypto MLM Schemes!

FinTelegram’s investigations, alongside whistleblower reports, reveal that Suki Chen (aka Sukijami Chendrawan) is the alleged founder of Streakk and successor scheme Earn.World. Both schemes are suspected to be pyramid or snowball schemes (MLM schemes) that have been promoting their own STKK token. These operations have been flagged as fraudulent and are under scrutiny for securities fraud and Ponzi-like activities.

Financial Intelligence Report: The Disappearance of Magua Pay and Black Rabbit – A High-Risk Payment Processor in the Scam Broker Ecosystem

Magua Pay Inc., a Vancouver-based money services business (MSB license M21111044) operating under the brand Black Rabbit, has vanished from the digital landscape as of March 2025. Both its primary website (magua_pay.com) and Black Rabbit’s site are either under construction or offline, signaling potential operational collapse or regulatory pressure. FinTelegram exposed Magua Pay as a payment facilitator of broker scams and unauthorized broker schemes,

Investor Briefing: SilverArrows Group and its Expanding Network

SilverArrows Capital Group, a global investment and advisory firm associated with high-profile figures such as Thomas Limberger, Robert Schimanko, and William H. Shawn, has recently come under scrutiny due to its proximity to the scandalous bankruptcy of Rene Benko’s Signa Group. The firm and its key personnel maintain strong ties to two seemingly influential yet opaque organizations in Germany and Austria.

Breaking: The World Economic Council (WEC), Rene Benko, and Israeli Services!

The collapse of the once-largest European real estate development group SIGNA of the Austrian Rene Benko continues to reveal new layers of intrigue, financial entanglements, and power struggles. While some focus on the billions lost by high-profile investors, the investigative platform Wiener Zocker has now uncovered a particularly exclusive network that has continued to thrive in Benko’s shadow – the World Economic Council (WEC).

Crypto investments

Investor Briefing: Binance’s $2 Billion Investment from MGX and Trump Family Rumors!

On March 12, 2025, Binance, the world’s largest crypto exchange by trading volume, announced a landmark $2 billion investment from Abu Dhabi-based MGX, marking its first institutional funding in its eight-year history. This transaction, executed entirely in an unspecified stablecoin, represents the largest single investment in a crypto company to date and signals a significant shift toward institutional adoption of digital assets.