Onecoin Scam: Seychelles Law Enforcement to probe 230K Bitcoin transfer
Share This Article
The Police Financial Crime Investigation Unit (FCIU) of Seychelles has confirmed obtaining a formal request for launching an investigation into a couple of transactions connected with the transfer of 230,000 bitcoins. The cryptocurrency involved is with the pyramid scam Onecoin.
The investigation wont only be probing the transfer of crypto assets but also examining transactions involved with cash and property that is worth $10 billion.
Reports according to the Seychelles News Agency, the FCIU made a request for investigation following a recent discovery of a $500 million worth of Onecoin loot found in a Dubai bank account.
Following the discovery of the pyramid scheme, charges were filed against Onecoin. According to Tania Potter, Head of Legal Affairs at FCIU:
“‘The unit has received quite a number of documents, as part of the complaint, some of which need to undergo a verification process to identify any links to Seychelles and upon completion, a decision on the next step will be taken.”
“We see that the people who have been defrauded have invested on a platform or with an International Business Company. IBC has a registered agent in Seychelles, transactions however do not happen here so it is difficult for us to go after the person who has facilitated or committed the crime,” Potter concluded.
Don’t miss important articles during the week. Subscribe to blockbuild weekly digest for updates.