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Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning

Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning

A latest episode of the favored BBC Sounds podcast the “Missing Cryptoqueen” has proven the general public a really fascinating view of the highly effective Onecoin Ponzi. According to 2 witnesses the BBC interviewed, a London legislation agency and a fame administration firm allegedly managed to get the UK’s Financial Conduct Authority (FCA) to take down a Onecoin warning.

The Bulgaria-based Ponzi scheme Onecoin was as soon as described by The Times as “one of many greatest scams in historical past” managing to web $four billion from operations. The pyramid scheme has turn out to be a sizzling subject through the years, and it’s invoked the BBC Sounds podcast the “Missing Cryptoqueen.”

The present stars the British creator and journalist, Jamie Bartlett, and its additionally produced by the well-known documentary producer Georgia Catt. The newest BBC Sounds podcast episode 9, dives into the continued seek for Onecoin’s lacking chief Ruja Ignatova, in any other case generally known as the ‘Cryptoqueen.’

Reports Claim UK’s Financial Conduct Authority 'Pressurized' to Remove Onecoin Scam WarningThe “Missing Cryptoqueen” present delves into the mysterious disappearance of Onecoin’s Ruja Ignatova.

During the episode, Bartlett explains how the Cryptoqueen’s brother, Konstantin Ignatov, has been working with U.S. legislation enforcement. Ignatov advised the court docket a story about Ruja’s relationship with Gilbert Armenta and the way Ruja allegedly took off with highly effective Russians.

Then Bartlett discusses two people who had info on a London legislation agency and a “disaster administration PR firm.” One of the boys was a lawyer named Gary Gilford and the opposite was a former Chelgate worker Simon Harris. Chelgate is the fame administration firm that ostensibly helped Onecoin keep away from issues.

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Reports Claim UK’s Financial Conduct Authority 'Pressurized' to Remove Onecoin Scam WarningTwo folks declare {that a} London legislation agency and a well-known fame administration firm “pressurized” the UK’s Financial Conduct Authority to weaken its efforts in regard to warning retail traders.

Both Gilford and Harris by no means met one another, however they each advised a story of how the London legislation agency and Chelgate managed to get the FCA to take away the Onecoin warning issued in September 2016. Ten months later, the FCA warning, which warned retail traders about investing within the Onecoin venture, was eliminated.

Harris defined that Chelgate labored with the legislation agency to be able to “pressurize” the FCA into “weakening” the regulator’s efforts in opposition to Onecoin. The witnesses say that the Cryptoqueen and plenty of excessive up members of the Ponzi had been tremendous happy with the FCA warning elimination. The dialogue with the previous Chelgate worker Harris begins on the 22:00 minute mark in the course of the “Missing Cryptoqueen” episode.

Meanwhile, one of many Onecoin leaders, Sebastian Greenwood had his pre-trial convention on Friday. Matthew Russell Lee from the Inner City Press reported from the courtroom, and defined that Greenwood’s subsequent court docket date will probably be on October 5. Greenwood has been charged however the court docket appears to be having issue with particular court docket processes. The attorneys say that “video conferences take ten days to arrange”

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“We haven’t given the entire discovery because of discussions of a pre-trial disposition,” Greenwood’s prosecutors mentioned. “We’ve proven him his personal emails to point out him his information and involvement from the very starting of this fraud scheme.”

Reports Claim UK’s Financial Conduct Authority 'Pressurized' to Remove Onecoin Scam WarningOnecoin cofounder Sebastian Greenwood (left) and the Cryptoqueen’s brother Konstantin Ignatov (proper). Legal journalist Matthew Russell Lee explains in a latest report that persons are asking “Where is Konstantin Ignatov?” The U.S. Bureau of Prisons web site exhibits he might have been launched on March 13, 2020. Jamie Bartlett’s and Georgia Catt’s “Missing Cryptoqueen” BBC Sounds podcast additionally exhibits that Konstantin Ignatov’s plea deal has been a thriller.

Additionally, it seems that Onecoin traders Donald Berdeaux and Christine Grablis have agreed to settle with Konstantin Ignatov. The quantity of funds agreed upon will not be disclosed, however the two plaintiffs characterize traders who suffered losses between 2014-2018.

“Plaintiffs and defendant Konstantin Ignatov (collectively, the “Parties”) want to discontinue between them with out prejudice the claims asserted in opposition to Defendant Ignatov whereas not impeding in any means Plaintiffs’ additional prosecution of their claims in opposition to the opposite defendants on this motion,” the court docket submitting detailed.

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The report from the Inner City Press additionally reveals that Konstantin Ignatov’s plea deal is a little bit of a thriller. “Now in August 2020 a query has arisen,” explains Lee’s report. “Where is Konstantin Ignatov? After his sentencing was printed again 4 months from July 8, as Inner City Press reported, now his lawyer in a submitting within the civil case Grablis v. Onecoin Ltd has requested for an extension stating ‘Mr. Ignatov is presently incarcerated.’”

“But the U.S. Bureau of Prisons web site, for the one Konstantin Ignatov within the system, says ‘Released On: 03/13/2020,’” Lee’s report provides. Even when cooperators are within the non-public GEO jail the BOP makes use of, they’re listed as incarcerated. So the place is Konstantin Ignatov?” the reporter requested.

What do you concentrate on the latest findings in regards to the Onecoin Ponzi scheme? Let us know what you assume within the feedback part under.

The submit Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning appeared first on Bitcoin News.

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