the Latest revelations show that the Bank of Ireland is mired in billion-dollar fraud of OneCoin. Official representative of the Bank of Ireland confirmed that apparently 300 million dollars of accounts were invested in the company Fenero Funds. Against Mark S. Scott has now been charged.
Moritz wire
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As the Irish Times reports, the charges against Mark S. Scott on the statements of the representatives of the Bank of Ireland. The allegation is that Scott’s account of the Irish Bank used the funds in the amount of 300 million US-washing Dollar. The money came from the alleged Ponzi scheme OneCoin.
From the documents available to a New York court, stating that the accounts were used to direct money from the Cayman Islands and the British virgin Islands in the United Arab Emirates.
New context of OneCoin and the Bank of Ireland revealed
Specifically, the allegation is that Scott have operated a criminal organization for the purpose of money laundering. The defendant should have operated at the Irish Bank, multiple accounts, over which he funds in the amount of more than $ 300 million has to flow. The illegal funds are, in turn, from the fraudulent crypto-project OneCoin. Scott should have directed the illegal money into equity funds in the Cayman Islands, also called Fenero Funds known to.
on behalf of the Fenero Funds, an investment vehicle domiciled in the British virgin Islands, has contacted Scott 2016, the Irish lender, in order to open up multiple accounts. The documents show that Scott, the Bank said that the funds would be used for investments in the financial and telecommunications sector.
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Since the companies intend to invest European money in European assets, is an Irish account. An official representative of the Bank informed the US authorities that Fenero have Funds intended apparently”, a seat in the Ireland set-up.” The seat should employ “within five years of the 100 employees.”
Scott was instructed to inform the Bank of any change of ownership of Fenero Funds. According to the Anti-money laundering regulations (Anti-Money Laundering, AML) and Know-Your-Customer rules (KYC) would Scott need to this information to the Bank give. This information to Scott, the statements of the official representative of the Bank that, however, never passed.
Only after years of pressure from the plaintiff to the recent statements of the representatives of the Irish Bank have emerged:
For over two and a half years, the government has obtained evidence from the Bank of Ireland,
the state noted lawyers/plaintiff.
OneCoin is considered to be one of the largest cases of fraud in the world of crypto-currencies. Around four billion US dollars to have the alleged fraudulent Ponzi scheme between 2014 and 2016. Currently, judicial proceedings against the operator of the platform.
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crypto-Scams: the mesh of The Bitcoin-pocket player More arrests in the alleged MLM Scam OneCoin In the sights of Federal authorities: the FBI is asking Bitconnect victims Using#Fenero#OneCoin#snow ball system
