Multiple OneCoin Affiliate Criminals Face Prosecution In Finland as Ponzi Continues Its Collapse
Just a couple of weeks back BitcoinExchangeGuide had bought you the story of OneCoin tax fraud amounting to 400,000 Euros being sought for recovery in Romania. The anti-fraud division of the National Agency for Fiscal Administration (ANAF), has identified 7.59 million RON ($1.8 million USD) collected by OneCoin affiliates.
The ANAF further accuses the delegates of purportedly showing a reduced owed taxes in order to “preserve the appearance of (OneCoin’s) legality”. The laundering of collected money was done by the affiliates using the old-age technique of shell companies, where they manipulated the financial sheets of these shell companies and took out major chunks of the received capital to evade the taxes.
Now the story repeats itself in Finland. Many scammers in the global crackdown did not declare their wrongdoings. One of them was a 55-year old man in Finland. The Finnish Administration caught and seized about 179,000 EUR in assets. More details of the case haven’t been made public by the authorities, however, they are looking for two other OneCoin affiliates.
OneCoin is defined as a pyramid scheme by the prosecutors, which affirm that the company made money off recruiting people to call more people to invest to get rewards, a classic move in this kind of scheme. The company claims to have 3 million people around the whole world, which makes it one of the most famous schemes of this type.
They have a pending case in the US too. According to the reports made by the U. S. Attorney for the Southern District of New York has charged two people, Konstantin Ignatov and Ruja Ignatova, both on charges of wire fraud, money laundering, and securities fraud.
In order to be able to prosecute the involved, several countries, including the United Kingdom, Belgium, Italy, Luxembourg, Uganda, Nigeria, India, Germany, Austria, Vietnam, Belize, Hungary, China, Finland, Bulgaria, and Samoa have cooperated. In China alone, over 100 individuals were prosecuted for their involvement in deceiving bitcoin investors and making them give money to the company.