OneCoin

Mishcon de Reya LLP: Individuals and entities behind the fraudulent cryptocurrency OneCoin face UK lawsuit brought by investors

Retrieved on: 
Monday, September 25, 2023
Cryptocurrency, Professional Services, Legal, Bitcoin, Crypto, England and Wales, LLP, Mishcon de Reya, Arrest, Justice, High court, Mishcon, Address, District court, Investment, High Court of Justice, Ruja Ignatova, Fraud, Insurance, Charles Ponzi, OneCoin

OneCoin was launched in 2014 as a cryptocurrency to rival Bitcoin and promised investors significant returns on their investment.

Key Points: 
  • OneCoin was launched in 2014 as a cryptocurrency to rival Bitcoin and promised investors significant returns on their investment.
  • In fact, OneCoin was not a legitimate cryptocurrency at all, and was operated as a Ponzi scheme which defrauded investors around the world.
  • The aim is to recover for investors the losses they suffered at the hands of those who perpetrated the fraud.
  • Rhymal Persad, Partner at Mishcon de Reya, said;
    “The fraudulent OneCoin scheme concocted by Ruja Ignatova and others greatly impacted the lives of its victims who ranged from sophisticated to lay investors.

Freshfields Adds Former Chief of SDNY’s Complex Frauds and Cybercrime Unit Timothy T. Howard as Partner

Retrieved on: 
Monday, April 25, 2022
Consulting, Professional Services, Legal, Bitcoin, National Basketball Association, Government, NFT, Corruption, Bank Hapoalim, Association, Narcotic, Partner, OneCoin, Silk Road, State, Mossack Fonseca, Lawsuit, Denial-of-service attack, Major Case Squad, Silk, Distinguished Service Medal (U.S. Army), Bedfordshire, Cambridgeshire and Hertfordshire Major Crime Unit, Time, Knowledge, University, Cryptocurrency, Private investigator, Audit, Swiss Life

Mr. Howard joins from the United States Attorneys Office for the Southern District of New York, where he spent nearly 12 years in varied roles, most recently as Co-Chief of the Complex Frauds and Cybercrime Unit.

Key Points: 
  • Mr. Howard joins from the United States Attorneys Office for the Southern District of New York, where he spent nearly 12 years in varied roles, most recently as Co-Chief of the Complex Frauds and Cybercrime Unit.
  • At Freshfields, he will focus on white-collar and government regulatory investigations, with special attention to cybersecurity, data breaches and cryptocurrency fraud.
  • Our white-collar team is uniquely positioned to advise clients on these areas of global challenge, said Freshfields US Managing Partner Sarah K. Solum.
  • He virtually invented the cybercrime component of the Complex Frauds and Cybercrime Unit, and he will be a huge and immediate help to many clients facing cyber challenges and data breaches.

Record-Breaking Product Launch Reaches More Than 15,000 Customers in 129 Countries in Only Seven Months

Retrieved on: 
Monday, March 7, 2022
Bitcoin, Crypto, Desperate, Secret, Grid Trade Master Agreement, CryptoPunks, Coin, Internet, Entrepreneurship, NFT, Program, Decentralized finance, Secrecy, OneCoin, Plan, Marketing, CEO, Non-fungible token, History, The Plan, ROI, GLOBE, Cryptocurrency, Amazon

Currently, Dan is preparing for the next launch of The Plan.

Key Points: 
  • Currently, Dan is preparing for the next launch of The Plan.
  • "The Plan, created by Dan Hollings, is an absolute game-changer," said Wilson Mattos, Co-Founder and CEO of Rapid Crush, Inc., the publisher of The Plan.
  • "The record-breaking product launch ($57MM in less than seven months), reached customers in 129 countries in that short timeframe.
  • So many lives are being positively impacted by Dan Hollings, and we are proud to be the publishers of The Plan."

BARJO LAW CRYPTOCURRENCY ALERT: A Class Action Lawsuit Has Been Filed Against OneCoin, Ltd. Alleging a 4 Billion Dollar Ponzi Scheme

Retrieved on: 
Thursday, June 20, 2019
Crime, Articles, Cryptocurrencies, OneCoin, Financial crimes, Ponzi scheme, Initial coin offering, Charles Ponzi, Fraud

("BARJO LAW") and Of Counsel, Neil Rothstein, Esq.

Key Points: 
  • ("BARJO LAW") and Of Counsel, Neil Rothstein, Esq.
  • 1:19-cv-40704, alleges that OneCoin and its agents engaged in a Ponzi scheme, fraudulently promoted cryptocurrency investments, and failed to register the initial coin offering in violation of federal securities laws.
  • It is believed that victims have lost over $4 billion as a result of the alleged fraud.
  • To learn more about BARJO LAW, you may visit www.barjolaw.com .

OneCoin Investigation in Sweden Is Closed

Retrieved on: 
Wednesday, June 5, 2019
OneCoin

SOFIA, Bulgaria, June 5, 2019 /PRNewswire/ -- The Swedish police has finalized and closed all investigations against the OneCoin company.

Key Points: 
  • SOFIA, Bulgaria, June 5, 2019 /PRNewswire/ -- The Swedish police has finalized and closed all investigations against the OneCoin company.
  • In addition, on May 2nd, 2019, the Swedish Gaming Authority (Spelinspektionen)has confirmed to the company's lawyers that there are no ongoing procedures, relating to the allegations against OneCoin.
  • A couple of years ago, claims about OneCoin have come to the attention of Swedish authorities which they have found worthy of investigation.
  • The company states further: "We sure hope the fact that all allegations against OneCoin in Sweden have dropped serves as an example to the public that there are many rumors, circulating online, and they should definitely be disregarded."

OneCoin Investigation in Sweden Is Closed

Retrieved on: 
Wednesday, June 5, 2019
OneCoin

SOFIA, Bulgaria, June 5, 2019 /PRNewswire/ -- The Swedish police has finalized and closed all investigations against the OneCoin company.

Key Points: 
  • SOFIA, Bulgaria, June 5, 2019 /PRNewswire/ -- The Swedish police has finalized and closed all investigations against the OneCoin company.
  • In addition, on May 2nd, 2019, the Swedish Gaming Authority (Spelinspektionen)has confirmed to the company's lawyers that there are no ongoing procedures, relating to the allegations against OneCoin.
  • A couple of years ago, claims about OneCoin have come to the attention of Swedish authorities which they have found worthy of investigation.
  • The company states further: "We sure hope the fact that all allegations against OneCoin in Sweden have dropped serves as an example to the public that there are many rumors, circulating online, and they should definitely be disregarded."

Notice of Securities Class Action Lawsuit Against OneCoin and Its Founders/Promoters

Retrieved on: 
Tuesday, May 7, 2019
OneCoin

The lawsuit was filed in the United States District Court for the Southern District of New York and is captioned Grablis, et al.

Key Points: 
  • The lawsuit was filed in the United States District Court for the Southern District of New York and is captioned Grablis, et al.
  • A copy of the Complaint filed in the Lawsuit can be seen HERE .
  • Any member of the putative class may move the Court to serve as lead plaintiff through counsel of his/her/its choice or may choose to do nothing and remain an absent class member.
  • The Lawsuit pleads that the Court rescind all investments in OneCoin; return to all investors their funds; require OneCoin to account for all funds raised from investors; and adjudicate that OneCoin and its principals violated multiple securities laws through their fraudulent, unregistered investment scheme.