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BNY Mellon has been accused of playing a “central role” in the $4 billion Ponzi scheme OneCoin

Bank of New York Mellon (BNY Mellon) has been accused of mediating money laundering on the $ 4 billion Ponzi OneCoin project. This accusation comes from the fact that they “turn a blind eye” and indirectly “wash on behalf” of about $ 300 million in fraudulent money from this scheme. Moreover, it is worth mentioning that this allegation only appeared a few days after the FinCEN Files was published.

BNY Mellon indirectly gave Ponzi OneCoin $ 4 billion

With accusations of “turning a blind eye” and “washing” about $ 300 million for the plan, investors Donald Berdeaux and Christine Grablis have added one of the oldest US banks to a class action, against OneCoin and its key figures. Including founder Ruja Ignatova – the “powerful” woman who disappeared in late 2017.

The plaintiffs, who jointly invested about $ 1 million in OneCoin, said:

“BNY Mellon processed payments to OneCoin in May 2016, and they even called this a probable Ponzi project during an internal investigation in December of that year. But, they did.” do not submit suspicious activity reports to the Financial Crime Enforcement Network (FinCEN) until February 2017. ”

The lawsuit record clearly states:

“Accordingly, BNY Mellon was intentionally involved or complicit in money laundering OneCoin crime.”

The plaintiffs accused BNY Mellon of assisting and facilitating fraud, as well as charges of commercial bad conduct.

A spokesman for BNY Mellon said:

“BNY Mellon attaches great importance to its role in protecting the integrity of the global financial system. However, by law, they will not comment on any suspicious performance reports from the bank. may have been submitted to US authorities. ”

After that, the bank also declined to comment on the allegations.

The revised lawsuit comes days after the BuzzFeed source released thousands of reports of suspicious activities – they often secretly flag those transactions with the authorities.

In it, in 2016, there was a transfer of $ 30 million from the account of a company based in the British Virgin Islands, to BNY Mellon. Although the transaction was approved as a loan to buy the oil field, emails seized by authorities indicate the loan was not repaid and that $ 10 million was actually withdrawn by one of the OneCoin founders.

The US authorities have testified and said they have sufficient evidence to believe that the loan is an example of money laundering proceeds from OneCoin.

David Silver, the founder of Silver Miller, the law firm acting as the chief adviser, said:

“FinCEN Files shows that BNY Mellon could and should have acted much sooner. The allegations in the lawsuit reveal information that the Bank of New York knew of the suspicious nature of those OneCoin transactions but did not. act accordingly. ”

Ignatova’s brother, Konstantin, was removed from the class action filed by Berdeaux and Grablis last month after the two sides reached an agreement.

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