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

A most well-liked episode of the everyday BBC Sounds podcast the “Lacking Cryptoqueen” has proven the public a actually engaging inquire of of the noteworthy Onecoin Ponzi. Per two witnesses the BBC interviewed, a London legislation agency and a reputation administration company allegedly managed to bag the UK’s Monetary Behavior Authority (FCA) to purchase down a Onecoin warning.

The Bulgaria-based Ponzi design Onecoin modified into as soon as described by The Times as “one among the largest scams in history” managing to win $4 billion from operations. The pyramid design has became a hot topic over the years, and it’s invoked the BBC Sounds podcast the “Lacking Cryptoqueen.”


The imprint stars the British author and journalist, Jamie Bartlett, and its also produced by the properly identified documentary producer Georgia Catt. Basically the most well-liked BBC Sounds podcast episode 9, dives into the persevered sight for Onecoin’s lacking chief Ruja Ignatova, in any other case identified because the ‘Cryptoqueen.’

Reports Claim UK’s Financial Conduct Authority 'Pressurized' to Remove Onecoin Scam Warning
The “Lacking Cryptoqueen” imprint delves into the mysterious disappearance of Onecoin’s Ruja Ignatova.

Towards the episode, Bartlett explains how the Cryptoqueen’s brother, Konstantin Ignatov, has been working with U.S. legislation enforcement. Ignatov informed the court docket a fable about Ruja’s relationship with Gilbert Armenta and the intention Ruja allegedly took off with noteworthy Russians.

Then Bartlett discusses two participants who had files on a London legislation agency and a “crisis administration PR company.” One in every of the males modified into a authorized legit named Gary Gilford and completely different modified into a aged Chelgate employee Simon Harris. Chelgate is the reputation administration company that ostensibly helped Onecoin keep faraway from problems.

Reports Claim UK’s Financial Conduct Authority 'Pressurized' to Remove Onecoin Scam Warning
Two participants claim that a London legislation agency and a properly identified reputation administration company “pressurized” the UK’s Monetary Behavior Authority to weaken its efforts in regard to warning retail shoppers.

Both Gilford and Harris by no manner met each and each completely different, but they both informed a fable of how the London legislation agency and Chelgate managed to bag the FCA to purchase the Onecoin warning issued in September 2016. Ten months later, the FCA warning, which warned retail shoppers about investing in the Onecoin project, modified into removed.

Harris defined that Chelgate labored with the legislation agency so as to “pressurize” the FCA into “weakening” the regulator’s efforts against Onecoin. The witnesses express that the Cryptoqueen and loads high up participants of the Ponzi were huge good ample with the FCA warning elimination. The discussion with the aged Chelgate employee Harris begins on the 22: 00 minute mark sometime of the “Lacking Cryptoqueen” episode.

Meanwhile, one among the Onecoin leaders, Sebastian Greenwood had his pre-trial convention on Friday. Matthew Russell Lee from the Interior City Press reported from the court docket, and defined that Greenwood’s next court docket date can be on October 5. Greenwood has been charged however the court docket looks to be having intention with explicit court docket processes. The legal professionals express that “video conferences purchase ten days to intention up”

“We haven’t given the total discovery on account of discussions of a pre-trial disposition,” Greenwood’s prosecutors acknowledged. “We’ve proven him his have emails to imprint him his files and involvement from the very origin of this fraud design.”

Reports Claim UK’s Financial Conduct Authority 'Pressurized' to Remove Onecoin Scam Warning
Onecoin cofounder Sebastian Greenwood (left) and the Cryptoqueen’s brother Konstantin Ignatov (appropriate). Splendid journalist Matthew Russell Lee explains in a most well-liked document that participants are asking “The attach is Konstantin Ignatov?” The U.S. Bureau of Prisons online page shows he may well perchance perchance furthermore had been released on March 13, 2020. Jamie Bartlett’s and Georgia Catt’s “Lacking Cryptoqueen” BBC Sounds podcast also shows that Konstantin Ignatov’s plea deal has been a thriller.

Moreover, it seems that Onecoin shoppers Donald Berdeaux and Christine Grablis enjoy agreed to resolve with Konstantin Ignatov. The amount of funds agreed upon is now now not disclosed, however the 2 plaintiffs portray shoppers who suffered losses between 2014-2018.

“Plaintiffs and defendant Konstantin Ignatov (together, the “Events”) desire to discontinue between them with out prejudice the claims asserted against Defendant Ignatov while now now not impeding in any manner Plaintiffs’ additional prosecution of their claims against completely different defendants in this action,” the court docket filing detailed.

The document from the Interior City Press also shows that Konstantin Ignatov’s plea deal is a piece of a thriller. “Now in August 2020 a inquire has arisen,” explains Lee’s document. “The attach is Konstantin Ignatov? After his sentencing modified into printed abet four months from July 8, as Interior City Press reported, now his authorized legit in a filing in the civil case Grablis v. Onecoin Ltd has requested for an extension declaring ‘Mr. Ignatov is at this time incarcerated.’”

“However the U.S. Bureau of Prisons online page, for the one Konstantin Ignatov in the machine, says ‘Launched On: 03/13/2020,’” Lee’s document adds. Even when cooperators are in the personal GEO jail the BOP makes use of, they are listed as incarcerated. So the attach is Konstantin Ignatov?” the reporter requested.

What attain you mediate about essentially the most well-liked findings relating the Onecoin Ponzi design? Allow us to seize what you mediate in the feedback section below.

German Authorities Confiscate $30 Million in Bitcoin From Pirate Movie Site

Bitcoin Ownership Steadily Shifts From Whales to Small Investors, Data Shows

Tags in this epic

$4 Billion, Chelgate, Crypto MLM, Crypto Ponzi, Cryptoqueen, Georgia Catt, Jamie Bartlett, Konstantin Ignatov, Onecoin, Onecoin warning, Ponzi Plan, Pyramid Plan, Ruja Ignatova, Rip-off, Rip-off Warning, Sebastian Greenwood, The Lacking Cryptoqueen

Image Credits: Shutterstock, Pixabay, Wiki Commons, FCA emblem, Lacking Cryptoqueen emblem, BBC Sounds

Disclaimer: This article is for informational capabilities most engaging. It is far now now not a straight away offer or solicitation of a proposal to steal or promote, or a advice or endorsement of any products, products and companies, or corporations. does now now not provide funding, tax, honest, or accounting advice. Neither the corporate nor the author is to blame, straight away or in a roundabout intention, for any damage or loss precipitated or alleged to be precipitated by or in reference to using or reliance on any shriek material, goods or products and companies talked about listed right here.

Leave a comment