OneCoin Lobbyists Forced FCA To Ditch Fraud Alerts
The regulator said that the investigation of OneCoin is not within the competence of the department
According to various reports, OneCoin managed to fraudulently collect about $ 4 in total billion investment
Pyramid organizer, Ruzha Ignatova, has been on the run since 2017
British regulator claims OneCoin did not engage in activities that would fall under the field responsibility FCA
UK Financial Conduct Authority (FCA) Drops Public Fraud Alerts cryptocurrency of the OneCoin project.
Financial regulator dropped warnings after pressure from OneCoin’s lawyers, according to BBC podcast.
Podcast The Missing Cryptoqueen contacted Gary Guildford, the lawyer in charge of setting up the London “family office” for managing the fortune of Ruzha Ignatova, founder of the OneCoin financial pyramid.
Guildford stated, that to resolve the issue with the FCA, a former intelligence agent and OneCoin partner named Frank Schneider engaged the British law firm Carter-Ruck.
The firm’s challenge was to put pressure on FCA with aim remove OneCoin fraud alert, which was published by the regulator on the official website.
In addition to Carter-Ruck, the FCA was also pressured by the British consulting firm Chelgate, Schneider said..
Former Chelgate Employee Confirms To A Podcast That The Firm Partnered With Carter-Ruck In Pressure On FCA Against OneCoin.
The FCA said that the decision to remove it It was adopted jointly with the City of London Police.
“OneCoin does not appear to be carrying out activities that require FCA approval. The management does not regulate cryptoassets and therefore does not can continue to work over this case, “- said the representative of the British regulator.
During the collection of investments, OneCoin managed to raise about $ 4 billion, becoming one of the largest scam pyramids in the cryptocurrency industry.
Covering the tracks
Meanwhile, the story of many OneCoin lobbyists is starting to come to an end in Tom or otherwise.
The bodies of OneCoin’s Latin American promoters were found on June 30 in suitcase among garbage bags in a vacant lot in the sector known as El Venadillo in Mazatlan, Sinaloa state, about a thousand kilometers northwest of Mexico City.
Mexican police refrain from versions, but According to the prosecutor in charge of the case, Raziel Garcia La Tercera, the case may be related to drug trafficking.
As part of the investigation, Attorney for the Southern District of New York Audrey Strauss earlier asked the court to postpone the date of delivery judgment on November 2020 of the year, citing Ignatov’s ongoing collaboration with the authorities in the OneCoin fraud case.
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