Cryptocurrency Q&A
What is 'OneCoin' fraud?
What is 'OneCoin' fraud?
Silvia
Sat Feb 22 2025
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6
answers
1405
I heard about a cryptocurrency fraud called OneCoin. Can someone explain what it is? I want to understand the background and how this fraud worked.
6 answers
TaegeukWarrior
Mon Feb 24 2025
He allegedly laundered a staggering amount of approximately $400 million, proceeds from a large-scale international fraud scheme.
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KpopStarlight
Mon Feb 24 2025
This fraudulent scheme was known by the name "OneCoin" and had deceived numerous individuals globally.
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CherryBlossomDancing
Mon Feb 24 2025
To facilitate the laundering of these funds, SCOTT established and operated fraudulent investment funds specifically for this purpose.
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CherryBlossom
Mon Feb 24 2025
SCOTT, who held the position of an equity partner at the prestigious law firm Locke Lord LLP, was involved in a serious financial misconduct.
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mia_clark_teacher
Mon Feb 24 2025
These funds were designed to disguise the illicit origins of the money and make it appear as legitimate investments.
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