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Old 11-22-2019, 09:44 PM   #1
frankbell
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"Onecoin" Cybercurrency Fraud Conviction


Abovethelaw.com reports on a lawyer convicted of money laundering and fraud using the cybercurrency "Onecoin."

They cite an article from Law.com. Here's a bit from that article:

Quote:
Federal prosecutors said Scott was introduced to Ignatova in September 2015 and eventually helped her launder hundreds of millions of dollars from OneCoin, which raised about $4 billion through a pyramid scheme. While OneCoin purported to be a digital token whose transactions were recorded on a blockchain, unlike real cryptocurrencies, there was no decentralized, public blockchain to ensure the systemís integrity.

Last edited by frankbell; 11-22-2019 at 09:47 PM.
 
Old 11-23-2019, 12:35 AM   #2
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here at finland *krp investigated onecoin 2015 and said it is a fraud.

*) finnish fbi
 
Old 11-25-2019, 09:10 PM   #3
frankbell
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They were certainly correct.
 
  


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