Alleged Multibillion-Dollar Pyramid Scheme OneCoin Sued by Former Investor
The cryptocurrency investment scheme OneCoin, widely claimed to be a fraud, is being sued by a former investor over her losses.
A Manhattan court convicted Mark Scott, OneCoin's lawyer, for fraud after he laundered $400 million for the crypto Ponzi scheme.
The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities.
The OneCoin cryptocurrency project – accused by authorities of being a Ponzi scheme – may have attempted to counter negative news by using "inauthentic" accounts to place favorable reviews on TrustPilot and Quora, according to new research.
The British woman says she received death threats after speaking on a podcast about the alleged Ponzi scheme.
The OneCoin project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit a narrow definition of either.