TL;DR Breakdown

  • Onecoin Ponzi scheme victims speak up against the Bulgarian government for entertaining their perpetrators.
  • The victims demand seizure of assets from involved parties and compensation for the incident.

Onecoin Ponzi scheme victims recently filed a petition against the Bulgarian government on November 16 against the Bulgarian government. The involved parties leveraged the help of a UK-based attorney, Dr. Jonathan Levy, to express their frustrations with its authorities. According to the petition, the government failed to recognize the Ponzi scheme victims and entertained the perpetrators’ actions up to date in the country.

Onecoin stands as one of the hugest Ponzi schemes in crypto’s history, worth over 20 million Euros in scammed crypto. The scam operation had run since 2014 before the Bulgarian authorities raided its headquarters in Sofia. However, the victims accuse the Bulgarian government of turning a blind eye to the noticeable bad actors.

The petition reveals that its founders are still running in Sofia and never seized the stolen cryptos. It also states that the Ponzi scheme uses different names in Bulgaria and deals with local and offshore bank accounts to cover their tracks. It suggests that this move is further efficient for the Ponzi scheme orchestrators to unhinge any remaining whistleblowers.

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