On paper OneCoin never officially operated in the US. Unofficially US investors were being fed the same lies and encouraged to sign up.

Spearheading these efforts were Maurice Katz and Sal Leto. Katz and Leto hosted various OneCoin events across the US, with the assistance of local promoters.

One such event was attended by William Horn.

Horn (76) is from Tennessee. He first learned of OneCoin in 2015 following repeat encounters with James West at a local electronics store.

West (right) pitched Horn on OneCoin, using the infamous “bitcoin killer” spiel.

Although he agrees he was ‘not looking to invest in any cryptocurrency’, Horn states, at the time, he was ‘
closely attuned to what was happening with’
bitcoin.

Horn claims he didn’t want to invest anything initially, but to get rid of West gave West $500 to invest on his behalf.

A: It’s an expensive way to get somebody to stop seeking you out.

Q. But unfortunately he didn’t take the hint, correct?

A. No. He didn’t take the hint. He was persistent. He was a better salesman than I. He sold me on the end.

West took the cash and signed Horn up with a OneCoin Starter Package.

The same year West was recruited, OneCoin began promoting a USA launch.

The first launch event happened in July 2015. Although attended by a few hundred investors, as far as launching OneCoin in the US went the event
flopped
.

A few months later OneCoin announced it was
opening a US bank
. Finally in October 2015, OneCoin announced it was officially
pulling out of the US
.

Nautrally, that was a lie.

In January 2016 Maurice Katz and Sal Leto held a OneCoin event in Nashville.

Q. How many people approximately attended that event?

A. Approximately 300.

Q. And could you briefly summarize some of the things that the speakers at that event said about OneCoin?

A. They said that the bottomline if you put money into this it’s going to grow like wild fire, make a lot of money off of it.

In April Katz and Leto held another event Horn attended, this time in Houston, Texas.

West hired a bus to attend the Texas event. All up he put up around $5000 to pay the way for other investors to attend.

Horn also attended regular local events in Tennessee. These events were organized by James West.

At the events, attendees were instructed to

lose your cellphone. Do not bring the cellphone. If you’re caught using your cellphone in that meeting hall we’ll take it.

You could not record audio or video at these meetings.

The reason for the secrecy is because Katz and Leto were promoting OneCoin across the US illegally.

Q. Did anyone tell you why?

A. They had not been accepted through the SEC, Securities and Exchange Commission, in North America.

Q. Meaning you had an understanding of OneCoin was not authorized by the SEC in the United States?

A. They were viewed as selling unsecured securities, unregistered.

In addition to Katz, Leto and West, Horn identifies Bob Byrum as being “at the top of the (OneCoin) food chain”.

In an

🤖 Quick Answer

How did OneCoin operate illegally in the United States despite having no official presence?
OneCoin operated through unofficial channels in the US via promoters like Maurice Katz and Sal Leto, who organized events nationwide. Local recruiters pitched OneCoin to investors using misleading claims about being a "bitcoin killer," directly contradicting the company's claim of non-operation in American territory.

Who were the main figures promoting OneCoin in the US market?
Maurice Katz and Sal Leto spearheaded OneCoin promotion efforts across the United States, organizing various events with assistance from local promoters. These individuals recruited American investors by hosting presentations and leveraging personal networks to expand the scheme's reach.

What tactics did OneCoin recruiters use to attract American investors?
Recruiters employed the "bitcoin killer" marketing narrative to convince potential investors. They targeted individuals with cryptocurrency interest through repeated personal pit

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