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Bank of Ireland executives refuse to testifying against OneCoin

Oct 17 2019
By
Jonathan Smith

Bank of Ireland (BOI) employees refused to testify against the OneCoin alleged crypto scam. 

 

According to a court letter filed earlier this week the US government is having difficulties to secure voluntary testimonies from four BOI executives, who are allegedly involved in the matter.

 

US has opened new criminal proceedings against OneCoin, accusing them of a 300 million USD  money laundering scheme.

 

The witnesses were expected to give voluntary testimonials, but now it appears they have changed their minds and will cooperate only if it is compulsory. 

 

According to observers, this may slow the court proceedings against OneCoin.

 

US prosecutors accuse Mark Scott, a former partner at Locke Lord, an international law company, of laundering 300 USD million on behalf of the OneCoin through accounts held at the Bank of Ireland. 

 

The four BOI employees - Deirdre Ceannt, Derek Collins, Diane Sands, and Gregg Begley – are reported to have processed paperwork related to the allegedly fraudulent accounts, managed by Scott. 

 

OneCoin is estimated to be one of the biggest crypto currency scams, ever – robbing investors of well over 3 billion USD.

TAGS: OneCoin  Bank of Ireland (BOI)  Ireland 

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