Former OneCoin investor Christine Grablis is suing the crypto investment scheme for fraud

Former OneCoin investor Christine Grablis is suing the cryptocurrency investment scheme for fraud, according to a complaint filed on May 7.

Grablis is seeking damages and a class action suit to represent other investors purportedly defrauded by OneCoin.

The full list of defendants in this lawsuit — Grablis v. OneCoin Ltd. — includes OneCoin Ltd, Ruja Ignatova, Konstantin Ignatov, Sebastian Greenwood, Mark Scott, along with other potential parties who have yet to be named.

According to a Bloomberg report on May 7, OneCoin founder Ruja Ignatova has been charged with wire fraud, securities fraud and money laundering; Konstantin Ignatova, Ruja’s younger brother and purported executive at OneCoin, was charged with wire fraud, securities fraud and money laundering in March.

As noted in the class action complaint, Greenwood is the co-founder and “public face” of OneCoin. Scott, on the other hand, is listed as a licensed attorney, who stands accused of using his legal knowledge to help the firm launder money via hedge funds.

Silver Miller, a law firm which purportedly specializes in representing cryptocurrency investors, has issued a press release instructing potentially affected investors on how they can participate in the class action suit.

Also read: CEO of the global asset manager Sprott: Blockchain technology will make gold a more valuable and practical asset

Source: https://cointelegraph.com/news/former-investor-sues-onecoin-scheme-seeks-class-action