Was it ignorance, a false sense of security, stupidity, or a case of all three?

There has been a lot of speculation why Konstantin Ignatov, then CEO of OneCoin, travelled to the US in March 2019.

The ill fated trip culminated in
Ignatov’s arrest
at Los Angeles International Airport.

Today BehindMLM can reveal Ignatov confidentally travelled to the US, under the pretense OneCoin and the DealShaker expo he attended was legal.

Ignatov’s false sense of security was rooted in a legal opinion obtained by Denis R. Murdock.

Denis Murdock was
one of OneCoin’s most prominent promoters in the US
.

After Ignatov’s arrest and the unsealing of
related indictments
, Murdock (right) did a
complete 180 on OneCoin
.

Today Murdock can be found shilling “Mobile Digital Body Scanner Analyzers” through his company Empower Global Group.

Getting back to the legal opinion; I’ve had to redact the issuing attorney as a condition of publication.

BehindMLM understands the attorney in question is part of the US’ ongoing OneCoin criminal investigation.

The first red flag in the legal opinion can be found in the quoted opening paragraph above.

The legal opinion was framed as an examination of the “legality of hosting (the) Expo”.

DealShaker was added to OneCoin as pseudo-compliance. The Ponzi scheme was taking off and they needed the appearance of a legitimate use-case.

And so DealShaker was launched, a barely functioning ecommerce platform that, at least partially, accepted onecoin tokens.

For the most part DealShaker was populated with cheap dropshipped goods from China.

Particularly gullible OneCoin investors were lured into buying luxury cars from Europe that never eventuated.

To create the illusion of legitimacy, OneCoin held DealShaker expos around the world.

In 2019, Denis Murdock was organizing one such expo on US soil.

The first clarification made in the legal opinion is that “The Expo as Anticipated is Legal Under U.S. Federal Law”.

This is based on the flawed premise that Ponzi schemes operated via cryptocurrency are legal.

The Expo as Anticipated is Legal Under U.S. Federal Law.

As Bitcoin and other cryptocurrencies become more and more mainstream, law enforcement agencies, tax authorities and legal regulators all over the world are trying to wrap their heads around the concept of cryptocurrency, and how exactly it ought to fit into existing regulations and legal frameworks.

According to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FINCEN), as of 2013, accepting Bitcoin or other cryptocurrencies as payment for well-natured goods and services is legal.

Bitcoin in particular has been classified in the U.S. as a convertible decentralized virtual currency, and FINCEN has affirmatively stated that those who obtain units of virtual currency for the sale of goods or services are not considered money transmitters, are not required to register and are operating within the bounds of federal law.

Bitcoin is now an accepted f

🤖 Quick Answer

Why did Konstantin Ignatov travel to the United States in March 2019?
Konstantin Ignatov, OneCoin's CEO, travelled to the US to attend the DealShaker expo, operating under a false sense of security that OneCoin's operations were legally compliant. His confidence was based on a legal opinion obtained through Denis Murdock, a prominent OneCoin promoter in America.

What was the outcome of Ignatov's trip to Los Angeles?
Ignatov's journey ended with his arrest at Los Angeles International Airport in March 2019. Following his arrest and subsequent indictments, prominent OneCoin associates like Denis Murdock distanced themselves from the cryptocurrency scheme entirely.

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