A OneCoin recruiter in eastern Germany has lost his second civil court battle, ordered to pay 1,800 euros to a victim he lured into the cryptocurrency Ponzi scheme.

The 61-year-old Meissen resident pitched a Bavarian man on OneCoin with a classic pyramid scheme promise: place additional recruits under you and watch your investment grow. Three names initially landed under the Bavarian man's account. Then they vanished. The promised returns never materialized. The Bavarian man was left holding roughly 6,000 euros in worthless OneCoin points.

When the victim demanded accountability, the defendant agreed to reimburse 3,000 euros. But he paid back only 300 euros—and in worthless OneCoin points. That's when the Bavarian man sued in Meissen District Court.

The defendant's defense crumbled instantly. He claimed he'd placed twelve investors under the plaintiff but couldn't name a single one when pressed for proof. The judge saw straight through it. The court also noted that the defendant had orchestrated his scheme through a UK shell company, adding another layer of deception to the operation.

The Meissen court ruled against him, slapping him with the 1,800-euro fine and ordering him to repay the full 6,000-euro initial investment. This is his second loss. A previous judgment hit him for 1,200 euros and required repayment of around 12,000 euros.

There's a catch. The defendant claims he's bankrupt. OneCoin itself, he says, is "running very badly." Collecting on these judgments looks unlikely.

This civil court loss is just one front in a larger assault on the OneCoin operation. Bielefeld prosecutors filed a criminal case against the Meissen defendant, though it was suspended pending further investigation. That investigation exploded in scope. It began with a raid on OneCoin's Bulgarian offices and eventually zeroed in on OneCoin founder Ruja Ignatova as a key suspect.

OneCoin collapsed in early 2017. Ignatova bolted with investor funds a few months later and disappeared. Her brother, Konstantin Ignatov, took over the company's helm and has continued the charade, still stringing investors along years after the scheme's implosion.

🤖 Quick Answer

What is OneCoin and why is it considered a Ponzi scheme?
OneCoin is a cryptocurrency scheme that operated as a Ponzi structure, promising returns through recruitment rather than legitimate trading. Participants earned commissions by recruiting new members and placing them in a hierarchical structure, rather than generating profits from actual cryptocurrency value or trading activities.

What happened in the German court case involving the OneCoin recruiter?
A 61-year-old OneCoin recruiter from Meissen, Germany, was ordered to pay 1,800 euros to a Bavarian victim he had recruited into the scheme. The recruiter had promised investment returns through recruitment, but the victim's three recruits disappeared and returns never materialized.

How much money did the victim lose in this OneCoin scheme?
The Bavarian victim lost approximately 6,000 euros, which he invested in worthless OneCoin

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