OneCoin Plaintiffs Succeed in Reopening the Class-Action Against the Ponzi Scam
Victims of the fraudulent cryptocurrency, OneCoin, have recently persuaded the Judge to reopen the case reports BehindMLM. As per the claims made, a letter expressed the viewpoints of both plaintiffs and defendants. Obviously, the former wants justice, while the latter prefers to have further legal processes halted once and for all.
Valerie Caproni, the judge that presided over the case, lifted the stay and provided the defendant with a deadline for submission of 8th May. Within this time, the defendant must be prepared to answer outstanding complaints.
For the time being, OneCoin's members Mark Scott and David Pike are currently in the eyes of the justice system for laundering money from the accounts. In particular, Scott was convicted back in November 2019, while Pike has been talking to the DOJ and could end up pleading guilty.
In the confines of the class action suit, Scott and Pike face separate charges of money laundering and bank fraud.
Interestingly many players seem to have been involved in this scam. An example is that of Florida attorney, Nicole Huesmann, who played the role of laundering funds through Mumbelli Group. Additionally, former head, Konstantin Ignatov, and his sister, Ruja were also involved – where the trio is holding a neutral position in lifting the stay.
As per Behind MLM, plaintiffs have since been advised to file a proposed schedule by Friday, 5/8/2020.