A class action lawsuit against the OneCoin scam can be dismissed by a US court




Attorney charged with money laundering


Valerie E. Caproni - Judge of the South New York District of the United States, was establish a hearing on April 16 for plaintiffs' representatives in a class action lawsuit against the $ 4 billion Ponzi scheme - OneCoin, explains why this lawsuit should continue.


The judge made this decision on April 10 after plaintiffs repeatedly missed monthly status reports.



The main plaintiff has missed two consecutive reporting rounds


Two law firms, Levi & Korinsky LLP and Silver Miller, will have to prove why the class action lawsuit against the OneCoin scam should continue after the main plaintiff of the lawsuit - Donald Berdeaux, didn't respond. meet the deadline for submitting monthly court reports.


"The main plaintiff was severely warned that failure to comply with future court orders could be subject to sanctions," Judge Caproni wrote in a response to the plaintiff because of the delay in the filing. report in March and April.


Accordingly, the court order requires the Main Plaintiff to prove why this case should not be dismissed before April 17.


The lawsuit against OneCoin was first filed by Berdeaux in May 2019.


The Plaintiff's representative must defend to continue the procedure


Amid difficulties in serving the defendants of the case, the court decided to continue the case in August 2019 on the condition that Berdeaux must provide monthly mail updates regarding the service efforts. reach.


After evolving to become one of the most extensive scams in history in the cryptocurrency space, OneCoin's 'Cryptoqueen' operator, Ruja Ignatova, has fled his residence in Bulgaria.


In December, the judge allowed OneCoin to be served at Dubai and Ignatova offices through the last email address she used.


In February, the main Plaintiff's representative informed the court that OneCoin and Ignatova had been served, and the other two defendants would be removed from the case. Since then, no correspondence has been made with the court.


Delaying the sentence of Ignatova's younger brother until July


On April 7, the court delayed the sentencing of Konstantin Ignatov - Ignatova's younger brother, until July 8, 2020.


Since his arrest at Los Angeles International Airport in March 2019, Ignatov has partnered with law enforcement - pleading guilty in October 2019.


Ignatov will face a sentence of up to 90 years in prison.


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According to CoinTelegraph
Translated by ToiYeuBitcoin