Following a complaint from a OneCoin victim last November, Laurent Louis was the subject of a criminal complaint.
The victim claims Louis convinced him to invest 50,000 EUR on the promise of a 1000% ROI “or even more”.
Louis (right) stands
accused
of pyramid selling, fraud, violation of banking laws and money laundering.
Louis is a former Belgian politician who is banned from running for office till 2021. Unable to work in his chosen profession, Louis has turned to a life of crime.
Authorities allege Louis is a major promoter of OneCoin in Belgium. He’s allegedly pocketed 100,00 to 200,000 Euros in referral commissions for convincing two to three thousand locals to invest.
Yesterday the Brussels Public Prosecutor’s Office announced they will be escalating the case to an official judicial investigation.
According to the European Justice website;
In most cases the police will send the official report to the public prosecution service.
The public prosecutor will then decide whether the police have to open an investigation or not.
This investigation may be conducted either by the public prosecutor or in more complicated cases, or where more intrusive measures such as house searches are needed, by an investigating judge (judicial investigation).
Pending the outcome of the
judicial investigation
, Belgian police will be advised on whether to proceed with a criminal case against Louis.
Louis initially
shrugged off
news of the criminal investigation, flaunting a newspaper article at a OneCoin event held a few days after the initial story broke.
No word yet on whether the suspension of
all OneCoin related affiliate withdrawals
last week has seen any of Louis’ other victims come forward.
Stay tuned…
🤖 Quick Answer
Who is Laurent Louis and what are the accusations against him?Laurent Louis is a former Belgian politician banned from holding office until 2021. He faces criminal charges including pyramid selling, fraud, banking law violations, and money laundering related to promoting OneCoin cryptocurrency scheme in Belgium, allegedly earning 100,000-200,000 euros in referral commissions.
What prompted the judicial investigation into Laurent Louis?
A OneCoin victim filed a complaint in November alleging Louis convinced him to invest 50,000 euros with promises of 1000% return or higher. Following this complaint, Brussels Public Prosecutor's Office initiated criminal proceedings and announced escalation to official judicial investigation.
How extensively was Laurent Louis involved in the OneCoin scheme?
Authorities allege Louis served as a major OneCoin promoter in Belgium, recruiting approximately 2,000 to 3,000 local investors. He allegedly prof
🔗 Related Articles
- AladdinBOT securities fraud D&R order from California
- Philip Han under criminal investigation, condo raided in Brazil
- Axiome Review: AXM token Dubai Ponzi scheme
- GrowthClub Life Review: ElevateWealth securities fraud
- Massachusetts charge TelexFree as “billion dollar Ponzi”