Guernsey’s Royal Court has officially confiscated more than £8.5 million ($11.4 million), plus interest, in the OneCoin crypto pyramid case. Guernsey Press reportedGuernsey’s Royal Court has officially confiscated more than £8.5 million ($11.4 million), plus interest, in the OneCoin crypto pyramid case. Guernsey Press reported

Guernsey Authorities Have Frozen More Than £8M in the OneCoin Case

  • Guernsey’s Royal Court confiscated £8.5 million.
  • These are proceeds from the sale of apartments bought by OneCoin through intermediaries.

Guernsey’s Royal Court has officially confiscated more than £8.5 million ($11.4 million), plus interest, in the OneCoin crypto pyramid case. Guernsey Press reported this, citing the ruling. 

The funds were held in a bank account at RBS International registered to Aquitaine Group Limited. The order was issued at the request of the Bielefeld public prosecutor’s office in Germany. 

Aquitaine Group Limited is known to have acted as a trust for “shell companies” through which two apartments — including a penthouse — were purchased in London in 2016. 

In November 2021, the properties were seized and later sold for more than £11 million. However, by May 2024, after taxes and fees were paid, £8.8 million remained in the account.

The confiscated £8.5 million could be used to compensate victims of the OneCoin scheme, the outlet said. It also noted that Ruja Ignatova is subject to a global order freezing assets issued by the High Court in London. 

Notably, OneCoin is a crypto pyramid scheme, with damages estimated at $4 billion. The project was launched in 2014 by Ruja Ignatova.

She remains wanted, and US authorities are offering a reward of $5 million for information about her. Some experts suggest she may be hiding in Russia.

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