Over $10 Billion in One Coin Loot Linked to Seychelles

Over $10 Billion in OneCoin Transactions Traced to Seychelles: Police Investigation Requested

Power of Attorney, Ruja Igantova, legalized in the Seychelles

May 12, 2021                                                                             

Seychelles:

The Seychelles Police Financial Crimes Unit has been asked to investigate multiple transaction involving the transfer of 230,000 Bitcoins, cash and property worth over $10 billion between Ruja Ignatova and confederates .  The transfer utilized Powers of Attorney notarized in the Seychelles and signed by OneCoin masterminds Ruja Ignatova and Karl Sebastian Greenwood. 

The request for an investigation is the result of claims filed in London, Dublin, and Brussels against the OneCoin organization by victims after up to $500 million of OneCoin loot was recently discovered in Dubai bank accounts. It was also revealed that “Cryptoqueen” Ruja Ignatova sold some of her vast assets in 2016 for 230,000 Bitcoins now worth over $10 billion paid to her by a member of an Emirati royal family.  In exchange for the Bitcoin hoard His Excellency Sheikh Saoud bin Faisal Al Qassimi received a Power of Attorney granting him control of the OneCoin portfolio of bank accounts, companies, and real estate purchased from Emirati property developers Emaar, Nakheel, Union, Deyaar, and  Properties Investment LLC.

The One Coin organization funneled billions to banks and real estate in Dubai where they were aided by Sheikh Saoud bin Faisal Al Qassimi and real estate agent Mimoun Madani.  Madani and Sheikh Al Qassimi obtained the dubious Seychelles Powers of Attorney from Ignatova, Greenwood, and their associates.  The Powers of Attorneys were then submitted to various officials and courts in Dubai as proof of ownership of assets. It is unknown if Madani and Al Qassimi are working on their own behalf or for the wanted fugitive Ignatova.

The Largest Bitcoin Transaction Ever Recorded is Linked to Seychelles

In 2016 Sheikh Al Qassimi in a well-documented and witnessed transaction handed over to Ignatova, four hard wallets (USB devices) containing 230,000 Bitcoins then worth about $50 million in exchange for a Seychelles notarized Power of Attorney for frozen One Coin bank accounts, other assets and real estate in the UAE worth perhaps $1 billion. The 230,000 Bitcoins are now worth a staggering $10 billion. 

The lawyer lodging the criminal complaint, Dr. Jonathan Levy, has offered to assist the Seychelles Police Financial Crime Unit in an investigation of Mimoun Madani and Sheikh Al Qassimi:  “Madani and Sheikh Al Qassimi have never been seriously questioned by law enforcement; Al Qassimi has details about 230,000 Bitcoin in possession of the criminal mastermind Ignatova and Madani claims to be working for Ignatova and Greenwood.”  Dr. Levy also suggests that it is in Seychelles best interest to quickly open an investigation: “The misuse of the Seychelles jurisdiction and involvement of public officials to commit the crypto crime of the Century calls into question the use of the Seychelles by other crypto ventures including the world’s largest cryptocurrency exchange Binance which makes extensive use of the Seychelles as a corporate headquarters. If Seychelles lacks the ability to regulate crypto asset transactions worth billions then there are serious anti money laundering issues raised about cryptocurrency companies that choose to base their operations there.”

OECD Complaint Filed Against Afilias

Chagos Islanders Seek Control of Popular .IO Domain

Dublin:

British Indian Ocean Territory is best known for the secretive US naval base on Diego Garcia Island and the top level domain .IO which is popular with crypto asset platforms, cryptocurrency casinos and technology companies including top ten cryptocurrency USD Coin and cryptocurrency exchange Gate.io.

A consumer group and a human rights group joined forces today to file a complaint with the Organization for Economic Cooperation and Development (OECD) detailing consumer and human rights harms committed by Afilias Ltd, the manager of popular cryptocurrency and tech domain .IO. The filing marks the first time OECD jurisdiction has been invoked in a digital dispute involving cryptocurrency.

The United Nations General Assembly, African Union, and International Court of Justice have all found that Britain’s forcible deportation of the Chagos Islanders a generation ago and continued occupation of the Chagos Archipelago (British Indian Ocean Territory) is a serious violation of international law. The Chagos Islanders are banned from the island chain by apartheid like laws and do not participate in the island chain’s booming Internet and defense oriented economy.

The British however have refused to vacate the Chagos Archipelago and according to the Complaint that stubbornness is not due solely to presence of the US naval base but because billions of dollars in illicit online financial transactions are at stake involving cryptocurrency.

In 1997 a secret agreement with ICANN resulted in the creation of the top level domain country code .IO (ccTLD .IO).  .IO was a relatively low key alternative domain until about 2016 when its popularity exploded in connection with the rise of cryptocurrency.  In 2017, the company administering .IO was sold for $70 million to Irish internet giant Afilias Ltd. which was which was recently acquired by Donuts Inc., the world’s largest domain name registry.  Fraud complaints involving .IO have been rising steadily each year with 671 reported to UK’s Action Fraud system in 2020.

The Chagos Islanders are now seeking restitution and return of .IO which has made the Chagos Archipelago one of the world’s least known but largest offshore financial centers by daily volume.  The  Chagos Islanders want due royalties and payments for use of .IO which is also marketed as “Chagosian Domains” by Afilias.  The islanders are joined by the Crypto Currency Resolution Trust which represents victims with losses and claims against .IO crypto criminals for more than €100 million.

According to Dr. Jonathan Levy, the international lawyer representing the Chagos islanders, while .IO is utilized by legitimate companies, it is also remarkable for crypto asset based criminal operations: Ponzi schemes, money laundering fronts, cryptocurrency gambling and fraudulent Initial Coin and Token offerings: “Afilias as an Irish company acquired .IO knowing full well its sordid past, connection to human rights abuses, and ongoing criminality. They should make restitution and divest before their liability increases.” Dr. Levy notes that Ireland voted along with 115 other UN members in 2019 condemning the continued occupation of the Chagos Archipelago by the United Kingdom.

It is estimated tens of billions of dollars a day in unregulated crypto asset transactions take place in .IO involving hacking, tax evasion, money laundering, fraudulent investment schemes, gambling, and organized crime.  Since British Indian Ocean Territory lacks a Financial Crimes Unit and relevant laws; criminals using cloaked identities, cryptocurrency, and .IO websites are rarely if ever apprehended or prosecuted.

Bitcoin Trade Halt

Bitcoin Market Manipulation

File on Cryptoqueen’ s 230,000 Bitcoins Released

May 19, 2021 For Immediate Release

London:

Dr. Jonathan Levy in the lawsuit CCRT v. OneCoin has alleged that “Cryptoqueen” Ruja Ignatova controls 230,000 Bitcoins obtained from Sheikh Saoud bin Faisal Al Qassimi in a 2015 swap for frozen Dubai assets worth up to $1 billion.

The current Bitcoin price slide and sell off coincides with the May 12th revelation of the lawsuit and the potential existence of the 230,000 Bitcoins in the hands of one of the world’s most wanted fugitives, Ruja Ignatova who swindled billions in a cryptocurrency Ponzi scheme.  Her OneCoin rivaled Bitcoin in 2015-2016.

There is strong circumstantial evidence that Ignatova could be methodically unwinding her Bitcoin position at peak prices by using techniques known as CoinJoins and Bitmixing that render the transactions supposedly untraceable.  And today it was announced a default judgment for $4 billion was obtained against her in a separate New York class action lawsuit adding some potential impetus.

Dr. Levy is calling for a suspension in Bitcoin trading until the Al Qassimi file has been evaluated by competent authorities.  The file contains the documents by Al Qassimi’s counsel submitted to a Dubai court where Al Qassimi is seeking hundreds of millions of dollars in previously frozen OneCoin funds.  Al Qassimi claims that he own the assets because of the 2015 transaction involving the 230,000 Bitcoins.

The Dubai authorities in a seemingly incomprehensible decision made in June 2020 cleared the Cryptoqueen of any wrongdoing despite overwhelming evidence of criminal activity and money laundering.

If the allegations are found true, yet again Bitcoin and cryptocurrency have been the means to commit sensational crimes.  With the United States still feeling the effect of the Colonial Pipeline ransomware attack, which was paid off in cryptocurrency, a trading halt may be the only way to address rampant criminality in the crypto asset markets.  Unlike cash, criminals can easily conceal and hide millions of dollars of the invisible crypto assets as well as transfer them from wallet to wallet and across national borders unhindered by any regulators or gatekeepers.

A copy of the lawsuit and all documents referenced herein may be downloaded at:

For More Information:

Dr. Jonathan Levy

info@jlevy.co

OneCoin Ponzi Scheme Accused of Terrorist Financing

Billionaire Crypto Criminal Ruja Ignatova Under Protection of State Sponsor of Terrorism

May 17, 2021 For Immediate Release

London: A previously unreleased document made available to Plaintiff’s counsel Dr. Jonathan Levy in the lawsuit CCRT v. OneCoin shows that “Cryptoqueen” Ruja Ignatova may be under the protection of a powerful state sponsor of terror in the Middle East.

The document authored by the Kuwaiti Ministry of Interior was delivered to the Dubai Chief of Police by special courier in 2015.  The document warned that Ruja Ignatova’s OneCoin was a front for terrorism financing.  The report authored by Assistant Undersecretary for Criminal Security Affairs Major General Abdul Hamid Abdul Rahim Al-Awadi stated:

Ruja Ignatova entered the United Arab Emirates using a diplomatic passport through Dubai International Airport by a private plane and in possession of a large sum of money.

She purchased a license for a bank license in the UAE for US $16 million

Ignatova used accounts at Mashreq Bank to launder money for terrorist groups and made several bank transfers to Afghanistan, Pakistan, and Yemen, which included terrorist organizations.

Kuwaiti Intelligence believed Ignatova was working for an unnamed state sponsor of terrorism.

The lawsuit alleges that Ignatova received diplomatic credential from Sheikh Saoud bin Faisal Al Qassimi and purchased a bank license from him.   Other document’s in plaintiff’s possession indicate Sovereign Group’s Nicholas Cully and Ignatova’s German lawyer helped Ignatova and sidekick Sebastian Greenwood open bank accounts in Dubai.  Mashreq Bank soon became suspicious and reported the matter to the Dubai Central Bank which ordered a partial banking freeze on the individuals and accounts involved.

Ignatova then sold or pledged her Dubai holding worth about $1 billion to the Sheikh Saoud bin Faisal Al Qassimi  for 230,000 BTC worth $50 million then and now over $10 billion.

Despite issuing summonses for Ignatova, Greenwood, and the others, the Dubai police and prosecutor made no arrests and quietly closed the case in June 2020 even though Greenwood was in jail in New York for money laundering and Ignatova one of the world’s most wanted fugitives.

According to the lawyer for the plaintiffs, Dr. Jonathan Levy: “This is an outrage. Dubai had all the information necessary to arrest Ignatova in 2015.  Yet the arrest was never attempted and the case quietly closed in June 2020 with the bizarre recommendation that the criminals were entitled to the funds they stole from victims as no crime was committed.” Dr. Levy also warned: “$10 billion in crypto currency may already be in the hands of terrorists in exchange for protection provided to Ignatova who faces decades in prison if brought to justice in the United States. The OneCoin funds exchanged for Bitcoin illustrate the most dangerous aspects of the unregulated cryptocurrency market.”

As to the Cryptoqueen’s whereabouts Dr. Levy explains: “She is under possible protection of a state sponsor of terror and also has been found not to have committed any crime in Dubai despite volumes of evidence of money laundering. Ignatova is almost certainly in the UAE possibly in one of the emirates controlled by the Al Qassimi royal family. UAE has no extradition treaty with the United States and she is no doubt well protected.”

A copy of the lawsuit and documents referenced herein may be downloaded at:

For More Information:

Dr. Jonathan Levy

info@jlevy.co

Tel  +44 (0) 20 8144 2479

OneCoin Lawsuit

ONECOIN & BITCOIN: TWO SIDES OF THE SAME COIN

LAWSUIT REVEALS CRYPTOQUEEN RUJA IGNATOVA CONTROLS BITCOINS WORTH OVER $13 BILLION

May 12, 2021                                                                             

London:

A lawsuit filed against the OneCoin organization by victims contains new information about $500 million still in Dubai bank accounts and reveals Cryptoqueen Ruja Ignatova made off with 230,000 Bitcoins now worth over $13 billion paid to her by a member of an Emirati royal family in 2015.

The lawsuit is based on new information from Dubai where One Coin had a large presence confirms the presence of $500 million in cash and other assets worth as much as $1 billion being fought over in several court cases by representatives of Ruja Ignatova, her second in command Sebastian Greenwood, an Emirati sheikh, and other One Coin associates.

The One Coin organization funneled billions to banks and real estate in Dubai where they were aided by His Excellency Sheikh Saoud bin Faisal Al Qassimi and a former real estate agent Mimoun Madani.  Al Qassimi is the son of one of the wealthiest men in the UAE, United Arab Bank CEO H.E. Sheikh Faisal Bin Sultan Bin Salem Al Qassimi, pictured below with Ignatova.  The Al Qassimi family holdings includes a vast array of enterprises thought out the UAE and Middle East.

Ruja Ignatova and CEO United Arab Bank circa 2015

The younger Al Qassimi was an early associate of Ignatova and provided her diplomatic credentials to facilitate her travel to and residence in the UAE.  Al Qassimi and Greenwood also made a “gift” of over $1 million to a Dubai bank official to facilitate the opening of accounts for the OneCoin enterprise.  However, in 2015, the accounts containing over $500 million were frozen when Ignatova and Greenwood came under suspicion for money laundering.

The Largest Bitcoin Transaction Ever Recorded

In 2015 the younger Sheikh Al Qassimi in a well-documented and witnessed transaction handed over to embattled Ignatova, four hard wallets (USB devices) containing 230,000 Bitcoins then worth about $50 million in exchange for the now frozen One Coin bank accounts, other assets and real estate in the UAE worth perhaps $1 billion. The peer to peer transaction was anonymous and as the price of Bitcoin rose to dizzying heights, Ignatova was supplied with a virtually endless supply of cash. She dropped out of site by the end of 2017. The 230,000 Bitcoins are now worth a staggering $13 billion.  The Cryptoqueen has become the largest beneficiary of the Bitcoin price run up and crowned most successful criminal in history. With billions in cryptocurrency, she has easily eluded an international manhunt thanks to Bitcoin’s anonymity.

The plaintiff’s attorney, Dr. Jonathan Levy, explains that regulators and law enforcement have dropped the ball not just on OneCoin but dozens of lesser crypto scams: “Regulators seems oblivious to the fact the cryptocurrency’s main purpose is to facilitate and reward criminals like Ruja Ignatova.  It is no coincidence that Ignatova is the main beneficiary of the Bitcoin bubble.” Dr. Levy has been advocating for a victim superfund to be established by the EU based on a .0001 per Euro tariff on cryptocurrency transactions. “The winners are clearly the bad guys: organized crime, money launderers, and market manipulators while the small-timers are continually defrauded, hacked and abused.  Crypto cannot be insured and if we cannot ban it altogether; a victim superfund is an urgent necessity.”

Dr. Levy has begun to release additional documents related to the lawsuit and will continue to do so as the case moves forward.  The case against One Coin is one of several he has filed in the British Indian Ocean Territory Supreme Court based on the repeated use of the top level domain .IO (Indian Ocean) by crypto criminals with no real presence other than websites.

For more information:

info@jlevy.co
Tel  +44 (0) 20 8144 2479
Fax +1 202 478 1970

Chagos Islanders Sue for £1 Billion For Lost Fishing Rights

April 29, 2021

London:

Her Majesty, the Defendent

The Chagossian people have sued the British Crown for lost fishing rights.  They are seeking  £1 Billion in restitution in the British Indian Ocean Territory Supreme Court, the case is Nourice and Prosper et al. v. Her Majesty The Queen.

British Indian Ocean Territory (Chagos Archipelago) is best known for the top secret US naval base on Diego Garcia Island and the forced deportation of the original Afro-Creole inhabitants from the Chagos Archipelago (1967-1973) and subsequent apartheid laws barring them from returning home. 

The United Nations General Assembly, African Union, and International Court of Justice found the Britain’s deportation of the Chagos Islanders 50 years ago and continued military occupation of the Chagos Archipelago (British Indian Ocean Territory) is a serious violation of international law, the Chagossians are still banned from the territory by apartheid laws and US and British military forces.

The Chagossians are suing British colonial administration for £1 Billion (BIOT) Pounds to compensate them for lost fishing rights.  The Chagos Archipelago is one of the world’s prime fisheries rich in tuna, shell and game fish.  Indigenous fishing rights are recognized by the UN, African Union and many countries with native peoples including the United States, Canada, and Australia.

According to Dr. Jonathan Levy, the international lawyer representing the Chagos islanders: “There is no doubt the Chagos Archipelago fishing rights have both monetary and cultural value and the Chagossians are barred from even entering the territory’s waters. The colonial administration has the power to issue the currency requested and has no excuse for what amounts to continuing theft of indigenous property and rights.”  The case is Nourrice and Prosper et al v. Her Majesty The Queen.

For more information contact:

Dr. Jonathan Levy

Attorney & Solicitor

info@jlevy.co

t +44 (0) 20 8144 2479

US Naval Base Faces Claims

Controversial US Naval Base at Diego Garcia Hit with Massive Damage Claims

Residents who were Forcibly Deported Seek Justice after UN Ruling in their Favor

Joint US/UK Naval Base at Diego Garcia, Chagossians Not Welcome

Seychelles:

The Chagos Archipelago is best known for the secretive US naval base on Diego Garcia Atoll but according to the UN and its International Court of Justice, the forced deportation of its residents 50 years ago by the British government to make way for a US naval base was a serious crime.

The United Nations General Assembly, African Union, and International Court of Justice have found that Britain’s deportation of the Chagos Islanders a generation ago and continued occupation of the Chagos Archipelago (British Indian Ocean Territory) is unlawful and a serious violation of international law.  The islanders known as Chagossians claim it was a crime against humanity and a violation of the Geneva Convention.

According to the Complaint the British have stubbornly refused  to permit the Chagossian to resettle the Chagos Archipelago due to the presence of the US naval base at Diego Garcia.  The Chagossians have been denied access to their homes for over 50 years even though the UN recognizes their right to resettlement

The Chagos islanders are now seeking damages of up to $100,000 each under the US Foreign Claims Act which requires the US Military to set up claims commissions to handle damage claims by foreign citizens.

The Chagossians’ lawyer, Dr. Jonathan Levy, notes: “The damage claims are quite reasonable given the intense sufferings of the Chagossians who as a people were utterly devastated by their deportation. Even though there are several thousand Chagossians, their claims are capped at $100,000 each.  The comparable US base at Camp Lemonier, Djibouti, costs the United States approximately $70 million per year to lease, the Chagossians who are the real owners of Diego Garcia Atoll are seeking only a small fraction of the back rent.”

Representative testimony by the Chagossians can be viewed at: https://tinyurl.com/letusreturn

For more information contact:

Dr. Jonathan Levy, Attorney & Solicitor

info@jlevy.co

UK Accused of Allowing Billions in Crypto Fraud in its Indian Ocean Colony

Chagos Islanders Seek Restitution of Popular .IO Domain

Crypto Attorney Jonathan Levy Says Bithumb Hack & BitBlender Connected

London, July 8, 2020:

FOR IMMEDIATE RELEASE

British Indian Ocean Territory is best known for the secretive US naval base on Diego Garcia Island but is home to the top level domain .IO that is popular with crypto asset and technology companies.

The United Nations General Assembly, African Union, and International Court of Justice have found that Britain’s deportation of the Chagos Islanders a generation ago and continued occupation of the Chagos Archipelago (British Indian Ocean Territory) is unlawful and a serious violation of international law.

According to the Complaint the British have stubbornly refused  to vacate the Chagos Archipelago not only due to the presence of the US naval base but because billions of dollars in financial transactions are at stake.

In 1997 a secret agreement with the British Crown resulted in the creation of the top level domain country code .IO (ccTLD .IO).  .IO was a relatively low key alternative domain until about 2016 when its popularity exploded in connection with the rise of cryptocurrency.  In 2017, the company administering .IO was sold for $70 million to internet giant Afilias Ltd. which is the world’s second largest Internet domain name registry.

The Chagos Islanders are now seeking restitution and return of .IO which has made the Chagos Archipelago one of the world’s least known but largest offshore financial centers by daily dollar volume. 

A complaint has been filed with the African Commission of Human & Peoples’ Rights (the Banjul Court) which has jurisdiction over the Chagos Islands and the issue of recovery and restitution.

According to Dr. Jonathan Levy, the international lawyer representing the Chagos islanders, while .IO is utilized by legitimate companies, it is also remarkable for crypto asset based criminal operations: Ponzi schemes, High Yield Investment Platforms, and fraudulent Initial Coin and Token offerings.  Dr. Levy explains: “The criminals know there is zero law enforcement in the British Indian Ocean Territory, they use only cryptocurrency, they need no address besides a .IO domain and crypto wallet to commit crimes like fraud, money laundering and extortion.”  Dr. Levy estimates tens of billions of dollars a day in unregulated crypto asset transactions take place in .IO involving hacking, tax evasion, money laundering, fraudulent investment schemes, gambling, and terrorism and organized crime financing including the well-known crypto scams OneCoin and USITech.

A link to the case is here:

Victims of Crypto, ICO and Bitcoin Fraud and Crimes Act Now to Claim to Your Share of $8 Billion in Restitution

You must act before June 1, 2019 to become an initial claimant for restitution and damages and gain access to the initial $8 billion and additional future damages.

Victims of crypto and Bitcoin scams, fraudulent Initial Coin offerings – ICOs, and crypto hacks, extortion and crime are entitled to restitution and damages.  Our legal term has identified a funding source worth more than $8 billion that can be used to compensate victims.  You may know what we are referring but we cannot reveal it here. We will also be seeking damages from social media giants and crypto exchanges who have been the major conduits and enablers for crypto fraud and crimes.

If you are victim, European Union laws support your claim to these funds of which an estimated $8 billion are already in a segregated account on the Bitcoin, Bitcoin Cash and Bitcoin Gold ledgers.

As a named claimant and not one of the multitudes who will follow, you may be entitled not just to restitution of your losses but lost profits and other damages totaling many times your original loss.

We are legal professionals.  We get paid when you do.  Your only cost is to retain our EU based firm for a small fee to comply with legal work rules. We do not work on contingency, your claim is yours only, we will submit our billing direct to the funding source when the case is complete.  We have retained a world class expert on social media and fraud, in fact he is the man who many say invented social media software.

But you must act before June 1, 2019 to join our initial claimant group.

Not everyone will qualify, you must meet one of the following criteria:

You are a victim of crypto fraud or your crypto has been hacked OR  Crypto has been used as the means, payment or basis of your loss and one of the following conditions apply:

  1. You are a victim of crypto related activities linked geographically to the European Union or EEA countries in some manner OR you are a victim of a crypto activity that conducts business with EU or EEA citizens.

OR

  • You are one of the following:
  1. An EU or EEA member citizen regardless of country of residence
  2. A resident of an EU or EEA member state
  3. A resident or citizen of an EU Dependent Territory

Therefore, non-European Union residents who conducted business with entities based in the EU or who conducted business with entities that also serve EU and EEA residents can qualify.

There are three broad categories of victims:

  1.  Victims of all manner of crypto fraud or fraud in which crypto currency played some role as payment, bait, or a so-called investment.
  2.  Victims of fraudulent  and incompetent Initial Coin Offerings.
  3.  Victims of crypto hacks and criminal acts such as extortion, ransomware, and other crimes in which crypto played a role.

Crypto currency includes not just Bitcoin but all the 1000+ crypto currencies, coins, and tokens as well as other blockchain and Ethereum contracts and transactions.

You may be a victim and not realize it.  Did you know:

  1.  Most ICOs are fraudulent or misdescribed;
  2.  Many so-called Crypto exchanges are unlicensed and post false accounts;
  3.  Most self-described crypto brokers and touts are criminals;
  4. Social media such as Facebook, Instagram, LinkedIn and others have been used extensively to commit crypto crimes with the full knowledge of the social media platforms.
  5. Government agencies are aware of the extent of the crypto fraud but have taken little or no action to help victims;
  6. Laws exist to reimburse victims in full and for damages but must be accessed aggressively.

Therefore, you must act now to preserve your claim – no one can do this for you.

If your claim is above $1 million, there are additional claims available to you, please contact us as these remedies are time limited.