OneCoin Update on Victim Compensation: DOJ Opens $40 Million Recovery Process

2 days ago 6

Rommie Analytics

The United States Department of Justice (DOJ) has officially initiated a compensation process for victims of the OneCoin fraud, one of the largest and most notorious cryptocurrency investment schemes in history. Between 2014 and 2019, OneCoin defrauded millions of investors globally, amassing over $4 billion through a fraudulent multi-level-marketing (MLM) network.

Following successful asset forfeitures from key figures in the scam, the DOJ is now making more than $40 million available for remission to those who suffered financial losses.

How to Claim OneCoin Compensation

Victims who purchased the fraudulent OneCoin cryptocurrency between 2014 and 2019 are eligible to file a petition for compensation. The process is managed by the Criminal Division’s Money Laundering, Narcotics and Forfeiture Section.