The New York Southern District Court granted a continuance in the lawsuit against David Pike over his alleged link to the OneCoin Ponzi scheme.
Finance news outlet FinanceFeeds reported on Dec. 21 that the continuation of the case was approved until Jan. 12, 2020 based on court documents filed on Dec. 20."Fenero Funds" - tracking OneCoin's laundered money trail.
Assistant United States Attorney Nicholas Folly reportedly stated that the parties' counsels are discussing a potential pre-indictment disposition.
The extension has been deemed as appropriate, given that those discussions are still taking place.
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.
Pike is accused of having made materially false statements and representations in front of special agents from the FBI, the IRS Criminal Investigation Division and the United States Attorney's Office for the Southern District of New York representatives.
The defendant is alleged to have falsely claimed he was not aware that roughly $400 million was transferred into the aforementioned fund belonged to OneCoin founder Ruja Ignatova or that the money came from the scheme.
As Cointelegraph reported earlier this month, the official website for OneCoin has finally shut down, months after United States authorities indicted one of its founders for running a $4 billion pyramid scheme.
New York Court Proceeds Against Man Allegedly Linked to OneCoin
gepubliceerd op Dec 21, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.