OneCoin and “crypto queen” Ruja Ignatova remain unserved in lawsuit brought by clients
Six defendants in a lawsuit brought by victims of the fraudulent crypto scheme remain unserved.
A number of defendants in a lawsuit brought by clients of fraudulent crypto scheme OneCoin are still unserved. This becomes clear from an update provided by the plaintiffs on September 3, 2019.
Let’s recall that the list of defendants in this case is rather long. It includes OneCoin Ltd, as well as Konstantin Ignatov (the leader of the entity); his sister Ruja Ignatova; Sebastian Greenwood – co-founder of OneCoin; Irina Andreeva Dilinska- the head of OneCoin’s legal and compliance department; the so-called “Scott Group” – a number of individuals allegedly involved in the laundering of OneCoin’s proceeds.
According to the plaintiffs, the OneCoin Defendants were able to sustain their massive fraud for years, in large part, because Mark Scott and his partners – David Pike and Nicole Huesmann – laundered the criminal proceeds OneCoin obtained from selling fraudulent investment programs to the plaintiffs and the proposed class.
According to the Letter filed by the plaintiffs in this lawsuit on September 3, 2019, with the New York Southern District Court, six defendants remain unserved: OneCoin, Ruja Ignatova, Sebastian Greenwood, Irina Andreeva Dilinska, David Pike and Nicole J. Huesmann.
With respect to defendants OneCoin, Ignatova, Greenwood and Dilinska – all of whom reside in Europe – the plaintiffs intend to file a motion for alternative service. This is set to happen before October 1, 2019. Regarding Pike and Huesmann, who are believed to reside in Florida, service will be attempted upon them this week.
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.
