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Tag: Mark S. Scott

Report: The Highly Effective Deployment of Cryptocurrencies in MLM- and Ponzi Schemes!

Crypto Schemes Charlene Lensburg -
Recently, the arrest of an Indian victim of the global crypto Ponzi scheme BitConnect has attracted attention. The victim, Shailesh Babulal Bhatt, had lost money in BitConnect and subsequently Bhatt kidnapped two employees of BitConnect founder Satish Kumbhani and successfully extorted $148 million worth of Bitcoins. Especially in the aftermath of the second Bitcoin Halving in 2016, crypto Ponzi schemes defrauded millions of naïve investors out of billions. Here is our report.

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

Court Cases tamir -
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.

OneCoin Case: Indictment Against Irina Dilkinska

Court Cases tamir -
The U.S. Department of Justice (DOJ) announced the unsealing of charges against the Bulgarian national Irina Dilkinska for participating in the massive OneCoin fraud scheme.  OneCoin began operations in 2014 and was based in Sofia, Bulgaria. It marketed and sold the fraudulent cryptocurrency by the same name through an MLM network.  Victims invested over $4 billion worldwide in the fraudulent cryptocurrency. Dilkinska was extradited from Bulgaria.

The Interesting Austrian OneCoin Connection!

Court Cases Ben -
The FCA-regulated e-Money Institution Viola Money (Europe) Ltd of Christopher Hamilton was part of the money laundering network around the crypto Ponzi scheme OneCoin of Crypto Queen Ruja Ignatova and her partner Gilbert Armenta. In December 2021, the UK FCA secured a Court decision to place the company into special administration. One of the company directors was the Austrian lawyer Juergen Brandstaetter, who is also a director in the Austrian entity of the Viola scheme.

UK FCA Approved E-Money Institution Viola Whilst OneCoin Investigations Against Its Founder!

Court Cases Ben -
On 21 December 2021, following an FCA application, a UK Court made a special administration order to the FCA-regulated e-Money Institution (EMI) Viola Money (Europe) Limited, established by Christopher Hamilton via the Maltese Viola Group Holdings Limited. Law enforcement investigators see Hamilton as one of the key people in the OneCoin crypto fraud scheme, who allegedly laundered more than $100 million for crypto queen Ruja Ignatova. The U.S. has requested his extradition.

Most Wanted Person – Europols chasing former OneCoin Crypto Queen Ruja Ignatova!

Court Cases Ben -
U.S. prosecutors indicted Bulgarian Crypto Queen Ruja Ignatova, her brother Konstantin Ignatov, and the lawyer Mark S. Scott accusing them of fraud in connection with the $4 billion pyramid scheme OneCoin. While Konstantin Ignatov and Mark S. Scott have been convicted, Ruja still remains at large. The sentencing control date for Konstantin Ignatov has been scheduled for May 12, 2022. His Ruja Ignatova sister has made it on Europol's most wanted list. A reward of up to 5.000 € is offered for any crucial information leading to an arrest of the perpetrator.

The Dark German OneCoin Empire and how Ruja Ignatova allegedly got her new Ukrainian Identity

Court Cases tamir -
The history of the crypto-MLM OneCoin scam definitely has all the ingredients to make a Hollywood blockbuster out of it in the near future. Based on the model of "The Wolf of Wall Street" released in 2013 with Leonardo DiCaprio in the role of the 1999 convicted US stock exchange fraudster Jordan Belfort, the OneCoin movie adaptation could fill cinemas worldwide. Surely the hundreds of thousands of aggrieved OneCoin members would buy a movie ticket. This report provides additional information and rumours around OneCoin and its Cryptoqueen.

Rise and Fall of a scam lawyer – Convicted OneCoin lawyer Mark S. Scott and the money laundering and bank fraud scheme

Cybercrime Ben -
Mark S. Scott who was employed between June 2015 and September 2016 as an equity partner at the big...

OneCoin US-Lawyer Mark Scott found guilty of money laundering and bank fraud

Court Cases Ben -
The Florida-based US lawyer Mark S. Scott, 51, has been found guilty for his role in the OneCoin crypto scam, which raised more than $4 billion from investors convinced they were buying into a new digital currency. The New York jury found that Mark S. Scott helped to perpetrate the crypto scheme, routing approximately $400m out of the US while working to conceal the true ownership and source of the funds.

OneCoin Trial – The Shakespearean drama around a cryptoqueen, betrayal, fraud, money laundering, and greed

Court Cases Ben -
The investigations of the U.S. authorities around the indictment in the Bulgarian Crypto-Scam OneCoin develops into a Shakespeare drama around the...

OneCoin Class Action Complaint – Revolution in the Bulgarian Pyramide Scheme

Court Cases tamir -
U.S. prosecutors have indicted Konstantin Ignatov and his sister Ruja Ignatova and accused them of fraud in connection with...

OneCoin crypto fraud case – Konstantin Ignatov has his bond application denied

Court Cases tamir -
According to FinanceFeeds, the OneCoin principal Konstantin Ignatov, who stands accused of conspiracy to commit wire fraud, has had...

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