Yesterday we wrote about the scandal that banks – probably unknowingly – were involved in the money laundering process. You can read about this case here. It turns out that the OneCoin thread appears in it.
Onecoin and banks
In February 2017, the Bank of New York Mellon (BNY Mellon) noted that its system was carrying out transactions that should be considered suspicious. The money-laundering process evidently involves the sending of multiple transactions. It was about transfers for a total of 137 million dollars. They all came from entities affiliated with OneCoin.
The American bank was not the only one whose accounts have gone through strange transactions in recent years. Deutsche Bank reportedly marked such transactions for a total of $ 1.3 trillion in its registers, JPMorgan for about $ 500 billion, and Bank of America for another $ 384 billion. .
Documents proving the above were obtained by the Buzzfeed portal, which made them available to the International Consortium of Investigative Journalists (ICIJ). Hence she learned about them, among others Gazeta Wyborcza.
The Fenero company
But let’s take a look at the OneCoin thread. In the e-mails taken over by the US services last year, evidence was found that the project was laundering money that the pyramid was extorting from naive investors (this is a total of several billion dollars – different sources give different values).
At OneCoin, Mark Scott, a New York attorney who was already convicted of laundering $ 400 million for the company, was responsible for the laundry process. He arranged a loan of 30 million from Fenero. Objective? Officially buying an oil field from Bart Holdings.
Fenero Equity Investments is a company based in the British Virgin Islands. Ultimately, she transferred approximately $ 30 million from her DMS Bank & Trust account to BNY Mellon.
Now it has turned out that the said loan has never been repaid, and $ 10 million of the amount sent to BNY has been spent by one of OneCoin’s co-founders.
– I believe Scott arranged an alleged € 30 million “loan” from Fenero to BNY in order to wash out OneCoin Ltd. Special Agent Kurt Hafer told the media.