OneCoin defendant Gilbert Armenta is being pursued for $287,021.88 in unpaid mortgage payments on a residential property in Fort Lauderdale, Florida. U.S. Bank National Association, acting as trustee for Velocity Commercial Capital, filed suit on January 12, 2021, alleging a default dating back to April 2020. This financial entanglement raises questions about Armenta's adherence to his compassionate release bond conditions.

Armenta, who pleaded guilty to money laundering in connection with the OneCoin scheme, was released on a $5 million bond in March 2020. The bond required a $500,000 cash deposit and was secured by two other Florida properties, one in Fort Lauderdale and another in Lauderdale by the Sea. According to a November 2020 filing in a related civil class-action lawsuit, Armenta stated he was "under a compassionate release order, with limited opportunity to leave my residence."

The lawsuit from U.S. Bank National Association details Armenta's failure to make the mortgage installment due April 1, 2020, and all subsequent payments. The bank originally held a $290,625 mortgage on the property in 2018, which later transferred to Velocity Commercial Capital in August 2019. The bank seeks the outstanding principal, along with accrued interest, late charges, corporate advances, and collection costs.

Serving Armenta with the lawsuit has proven difficult for the plaintiff's attorneys. Court filings indicate thirteen attempts to serve him at a residential address in Pompano Beach, Florida, with no one answering the door. A card left on the property door on February 1 was still present on February 16. The court granted U.S. Bank an extension for service on May 5.

Further attempts in June involved nine more service attempts across three different Florida addresses, all without success. A June 17 filing by U.S. Bank's attorney detailed efforts to locate Armenta, including cross-referencing social security records, telephone listings, Florida property records, and internet searches. The repeated failure to serve Armenta directly conflicts with his stated bond condition of limited movement from his residence.

Armenta was arrested in March 2019 and charged with money laundering for processing approximately $300 million in illicit OneCoin proceeds for the scheme's founder, Ruja Ignatova. He entered a guilty plea in October 2019. His compassionate release was granted amid concerns related to his health and the COVID-19 pandemic.

The legal process for the foreclosure continues. On June 21, the court filed a "Notice of Action," directing Armenta to file a response to the lawsuit by August 5. Failure to meet this deadline will result in a default judgment entered against him, potentially leading to the foreclosure and sale of the Fort Lauderdale property.