Mishcon

Mishcon de Reya LLP: Individuals and entities behind the fraudulent cryptocurrency OneCoin face UK lawsuit brought by investors

Retrieved on: 
星期一, 九月 25, 2023

OneCoin was launched in 2014 as a cryptocurrency to rival Bitcoin and promised investors significant returns on their investment.

Key Points: 
  • OneCoin was launched in 2014 as a cryptocurrency to rival Bitcoin and promised investors significant returns on their investment.
  • In fact, OneCoin was not a legitimate cryptocurrency at all, and was operated as a Ponzi scheme which defrauded investors around the world.
  • The aim is to recover for investors the losses they suffered at the hands of those who perpetrated the fraud.
  • Rhymal Persad, Partner at Mishcon de Reya, said;
    “The fraudulent OneCoin scheme concocted by Ruja Ignatova and others greatly impacted the lives of its victims who ranged from sophisticated to lay investors.