OneCoin – Ponzi scheme news

David Pike, the COO of the “Fenero Funds” has been charged by the FBI that he laundered $400 million from the OneCoin ponzi scheme, on behalf of founder, Ruja Ignatova.

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David Pike has been given a continuance by the New York Southern District Court in a lawsuit against over his alleged link to the OneCoin ponzi crypto scheme.

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The continuation of the case was approved until Jan. 12, 2020.

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So, who is David Pike, and what is his connection to OneCoin?

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Pike was the chief operating officer of an alleged private equity fund known as the “Fenero Funds.” Those funds were reportedly employed to launder money from the OneCoin Ponzi scheme.

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Pike is alleged to have falsely claimed to the fBI that he was not aware that around $400 million that was transferred into the Fenero fund, actually belonged to OneCoin founder Ruja Ignatova or that the money came from the ponzi scheme.

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The websites for OneCoin and Onelife have now been shut down, months after US authorities indicted one of its founders, Kostantin Ignatov, for running a $4 billion pyramid scheme.