🔼 U.S. prosecutors charge founders of OneCoin pyramid scheme

Prosecutors from the U.S.'s Southern District of New York have charged Konstantin Ignatov, Ruja Ignatova, and Mark Scott with wire fraud, securities fraud, and money laundering, according to The Block reporting. SDNY credited OneCoin's rapid member network growth with its mulit-level marketing structure that affects "more than 3 million members worldwide, including victims living and/or working within the Southern District of New York.”

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.

Suggested Research Based on your Watchlists

Create a new watchlist