OneCoin clients propose alternative service of complaint on “crypto queen” Ruja Ignatova and other defendants

The process of effecting service upon the individuals involved in the fraudulent cryptocurrency scheme OneCoin appears to be very complex and clumsy. In a previous report, the clients of OneCoin who have launched a lawsuit against the firm and a number of individuals associated with it said several of the defendants remained unserved.

Earlier today, Lead Plaintiff Donald Berdeaux and Plaintiff Christine Grablis provided an update about the status of service in this case. In the Letter, filed with the New York Southern District Court and seen by FinanceFeeds, the plaintiffs say that four defendants remain unserved: (1) OneCoin Ltd; (2) Ruja Ignatova ; (3) Sebastian Greenwood; and (4) Irina Andreeva Dilinska.

Also today, the plaintiffs filed a Motion for Leave to Effectuate Alternative Electronic Service upon these four defendants. In particular, the plaintiffs propose service on defendant OneCoin via both Federal Express to OneCoin’s Dubai office, email to [email protected] and [email protected], and through social media.

The plaintiffs say they have been unable to locate any addresses where service could ultimately be effectuated on defendants Ignatova, Greenwood, or Dilinska by traditional means under Rule 4(f)(1) and (2). Indeed, at least some of these Defendants appear to be fugitives from justice at this point.

Each of these individual defendants are, or until recently were, high-level executives employed by defendant OneCoin and are believed to be located in Europe; however, their exact whereabouts remain unknown. Accordingly, so as not to delay the prosecution of the Action, the plaintiffs propose service on defendants Ignatova, Greenwood and Dilinska via Federal Express to OneCoin’s Dubai office and email to each of their last known email addresses.

The plaintiffs in this lawsuit represent all individuals and entities who transferred to the OneCoin Defendants, directly or indirectly, any fiat currency or cryptocurrency to invest in OneCoin Trader Packages or OneCoins from April 2014 through to and including March 2018 and who suffered financial injury as a result thereof.

The plaintiffs seek (inter alia) preliminarily enjoining the defendants from making further transfers or dissipations of the investments raised from the offer and sale of OneCoins and in connection with the OneCoin trader packages/memberships, or using such funds in any further purchases or transactions. The plaintiffs also request an accounting of the remaining funds and assets raised from the plaintiffs and the Class in connection with the offer and sale of OneCoins and the OneCoin trader packages/memberships. Further, the plaintiffs seek rescission of the investments made by them and the Class relating to the offer and sale of OneCoins and the OneCoin trader packages/memberships and/or compensatory damages.