Jury Convicts Crypto Ponzi Scheme OneCoin’s Lawyer on Fraud Charges
A Manhattan court convicted Mark Scott, OneCoin's lawyer, for fraud after he laundered $400 million for the crypto Ponzi scheme.
Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.
A rise in cryptocurrency and coronavirus investment scams has prompted authorities to launch an awareness campaign.
Konstantin Ignatov has again had his sentencing date adjourned while he continues to cooperate with U.S. prosecutors.
A class action against the accused cryptocurrency Ponzi scheme may be dismissed with prejudice unless the plaintiffs up their game.
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.