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”.
George Town, Grand Cayman, 22nd November 2024, Chainwire
Las Vegas, US, 1st November 2024, Chainwire
From digital art to real-estate assets, NFTs have become a significant attraction for investors who…
Singapore, Singapore, 21st October 2024, Chainwire
HO CHI MINH, Vietnam, 17th October 2024, Chainwire
London, UK, 16th October 2024, Chainwire