The web site that acted as the primary platform for OneCoin, the notorious crypto Ponzi scheme that’s identified to have scammed traders out of at the least $four billion, is lastly offline. The information seems to have been initially reported by multi-level advertising and marketing scheme monitor BehindMLM.com on December 1, 2019.
— Jamie Bartlett (@JamieJBartlett) December 2, 2019
“[Domain Name System (DNS)] data present that whereas the corporate nonetheless owns the web site area, it’s now underneath investigation” as of November 30th, the monitor defined, including that whereas it’s unclear precisely who’s investigating the positioning, OneCoin’s DNS standing has been modified to “server maintain” by EurID, its area registry.
EurID confirmed that the server maintain had been positioned due to an investigation, however didn’t disclose who the investigating celebration is.
— Digital rewind (@digital_rewind) November 26, 2019
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Beforehand, OneCoin denied accusations that it’s a Ponzi scheme regardless of a number of investigations by various governments around the globe and continued its operations with out main interruption.
Moreover, a number of different web sites beforehand related to OneCoin, together with OneWorldFoundation.eu and OneWorldAcademy.eu, have additionally gone offline. OneLife.eu, nevertheless, seems to be nonetheless up and working, providing OneCoin funding packages as if nothing has occurred.
OneLife.eu, which is related to OneCoin, was nonetheless on-line at press time.
Legislation enforcement is closing in on OneCoin
If profitable, the investigation into OneCoin’s web site data might present perception into precisely how far OneCoin’s attain prolonged. As a result of there is no such thing as a blockchain or different public document related to OneCoin, the positioning’s data could supply some data on the variety of contributors and the rip-off’s steadiness, in addition to different data.
The closure of the positioning seems to be the most recent transfer in various actions which were taken towards OneCoin and its co-founder founder, Ruja Ignatova, who’s at present at giant.
Ignatova’s brother, Konstantin Ignatov, who served as OneCoin’s “high chief” and alleged co-founder, has reached a plea cope with the US Division of Justice after being arrested in Los Angeles earlier this 12 months. Ignatov at present faces a potential sentence of 90 years in jail.
Final month, a federal jury in Manhattan discovered former OneCoin lawyer Mark S. Scott guilt for aiding OneCoin and Ruja Ignatova launder over $400 million in proceeds from the undertaking. Scott was allegedly paid $50 million in trade for his providers.
(This text beforehand acknowledged that Konstantin Ignatov is at present serving a 90-day jail sentence. Finance Magnates was unable to confirm this declare; nevertheless, Ignatov is at present in custody after his bond utility was denied by Choose Edgardo Ramos of the New York Southern District Court docket this June.)