Fourteen promoters of the OneCoin Ponzi scheme have been indicted by Italy’s Guardia di Finanza.

The indictments were filed in Bolzano, a city in Italy’s South Tyrol province.

Unfortunately the names of those indicted have not been released.

What we do know is the suspects have been
charged with

crimes of aggravated fraud, illegal dissemination and promotion and pyramid selling of electronic money, illegal collection of savings and financial illegal, all with the aggravating circumstance of transnationality.

Italian authorities have
identified
around 3700 OneCoin victims in South Tyrol, who together lost over 5 million euros.

We also know the Guardia di Finanza’s investigation focused on the notorious Steinkeller brothers, who “provided assistance” to OneCoin founder Ruja Ignatova.

Christian, Aron and Stephan Steinkeller
abandoned OneCoin
shortly after it
collapsed
in early 2017.

The brothers headed up the “One DreamTeam” Onecoin group of promoters, netting them around $2.5 million dollars a month at the time.

In late 2019 the Steinkeller’s returned with
Planet Impact
, an environment themed MLM opportunity.

Planet Impact’s website is still up but the company’s official Facebook page was abandoned in April 2020.

After leaving OneCoin the Steinkellers, originally from South Tyron, fled to Dubai. Dubai doesn’t have an extradition treaty with Italy.

For that reason and more, Dubai is currently the
MLM scam capital of the world
. The city is a safe-haven for MLM scammers on the run from law enforcement.

Of the remaining suspects indicted, we know that
‘9 from South Tyrol and 1 from Veneto’
.

Along with the Steinkellers that’s thirteen, suggesting Ruja Ignatova herself might be the fourteenth indictee.

Ignatova
disappeared
in late 2017. She is believed to either be dead or being harbored in Russia or the UAE.

Italy began its crackdown on OneCoin in late 2016. Just before the New Year, the
AGCM issued an injunction
, effectively banning promotion of OneCoin across Italy.

In February 2017 OneCoin was
declared a pyramid scheme
and officially banned in Italy.

Three months later the Steinkeller brothers, head of the largest Italian OneCoin group, abandoned the scam and fled.

Following non-compliance with the ban, the AGCM
fined OneCoin 2.5 million euros
in August 2017.

Despite the fine, promotion of OneCoin continued in Italy. In July 2019 Italian OneCoin promoters held an event in Verona.

The event was coordinated through the Facebook group IMA – Italia Indipendent Marketing Association Italia.

According to promotional material, the Verona event was run by Simon Le, Habib Zahid and Italian OneCoin promoter Luca Miatton.

Admins of the Italia Indipendent Marketing Association Italia include Marco Agnelli, Nicola Giarcuni, Renato Zin, Luca Miatton, Patrizia Testagrossa, Alessio Mitta Miatoon, G Nithihayah Oliva and Marco Barbagello.

Italian authorities
arrested several attendees
as they boarded planes out of Italy a

🤖 Quick Answer

What charges were filed against the fourteen OneCoin promoters indicted in Italy?
The suspects face charges of aggravated fraud, illegal dissemination and promotion of pyramid schemes involving electronic money, unlawful savings collection, and financial crimes. All charges include the aggravating circumstance of transnationality, as determined by Italy's Guardia di Finanza in Bolzano.

How many victims were identified in South Tyrol's OneCoin scheme?
Italian authorities identified approximately 3,700 OneCoin victims in South Tyrol. These victims collectively suffered financial losses exceeding five million euros through their involvement in the fraudulent cryptocurrency scheme.

Which individuals were central to the investigation conducted by the Guardia di Finanza?
The investigation focused on the Steinkeller brothers, who allegedly provided assistance to OneCoin founder Ruja Ignatova. Their involvement facilitated

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