A lawyer arrested Stateside in connection with an alleged $4 billion OneCoin fraud was a director of six companies in Ireland and operated a number of bank accounts there, The Sunday Times reports.
Mark S Scott stands accused of laundering approximately $400 million through hedge funds in the Cayman Islands and sending the majority of these funds back to his colleagues.
OneCoin was founded in 2014 by Bulgarian businesswoman Ruja Ignatova. In 2017, the government of Kazakhstan clamped down on the company, labelling it a Ponzi scheme. It has also been the subject of investigations in India and China.
Nonetheless, it is ploughing ahead and, in January, claimed that its cryptocurrency ONE was “a step closer to being listed on an exchange”.
Singapore, Singapore, 19th September 2024, Chainwire
Grand Cayman, Cayman Islands, 12th September 2024, Chainwire
Warsaw, Poland, 20th August 2024, Chainwire
Singapore, Singapore, 20th August 2024, Chainwire
Grand Cayman, Cayman Islands, 26th July 2024, Chainwire
As usual, the crypto market is keeping everyone guessing what could happen next. After an…