Red Flags
2
OneCoin
Courtneidge’s name surfaced in money laundering probes, raising concerns about his role in fraudulent financial operations.
Quick summary on OneCoin
OneCoin – A Massive Ponzi Scheme:
OneCoin was a fraudulent cryptocurrency operation that scammed investors out of over $4 billion. It was structured as both a Ponzi and pyramid scheme, misleading people with fake blockchain transactions.
Mark S. Scott – Attorney Turned Money Launderer:
Mark S. Scott, a former partner at Locke Lord, was accused of laundering nearly $400 million for OneCoin. His legal expertise was misused to hide illicit funds.
Ruja Ignatova – The Missing ‘Cryptoqueen’:
Ruja Ignatova, the mastermind behind OneCoin, vanished after a secret US arrest warrant was issued. She is believed to have fled to Russia.
Robert Courtneidge – Under Investigation for Money Laundering:
Robert Courtneidge, CEO of Moorwand Ltd., was involved in money laundering schemes, including the KBH Andelskasse scandal in Denmark.
Moorwand Ltd. – Facilitating Fraudulent Transactions:
Moorwand Ltd., a UK-registered company, was linked to fraudulent broker operations and money laundering through the UPayCard platform.
Locke Lord – A Law Firm Tainted by Fraud:
The law firm Locke Lord, where Mark S. Scott and Robert Courtneidge worked, has been associated with multiple financial crimes. Their website is restricted in some regions.
Intel Reports
by: Oliver Thompson
The OneCoin scam continues to be one of the biggest frauds of our time, and yet people involved like Ignatova remain free.
by: Lucy Mitchell
Ruja Ignatova disappeared without a trace, leaving so many people in the dust after her fraudulent scheme. What a cowardly move and Robert Courtneidge involved in money laundering? It seems like no one in the financial world is safe from...
by: Tyler Henderson
OneCoin was a massive scam, and it’s mind-boggling how many people fell for it. Over $4 billion lost to a fake blockchain!
Pros
Cons
by: Natalie Rivera
Mark S. Scott was supposed to be a professional, but instead, he turned into a money launderer, abusing his legal expertise for crime