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OneCoin Investors Entirely Dismiss Class Actions Lawsuit

All charges against the remaining defendants in the class action lawsuit against the investors of the crypto-scam, OneCoin have been dropped by a court filing on Thursday.

The plaintiff Christine Grablis and Donald Berdeaux, the lead plaintiff, have already dismissed all of their claims against Mark Scott and David Pike. They were originally named in the lawsuit.

The name Onecoin Ltd’s mastermind RujaIgnatova, Sebastian Greenwood, and Gilbert Armenta have been dropped in the latest dismissal.

According to court documents, OneCoin was a no-profit entity that has no attachable assets. Ignatova’s whereabouts are unknown. Greenwood and Armenta, both federally held, are being charged separately for their participation in OneCoin operations and promotion.

A Tough Case

Investors in the class-action lawsuit also settled earlier with Ruja’s brother Konstantin Ignatov (OneCoin’s comastermind) The court also warned plaintiffs last April that they had not shown reasons for the dismissal.

“Plaintiffs concluded that Mark Scott, David Pike and Nicole Huesmann were dismissed from the Action. This was largely due to the fact that all remaining defendants appear to be essentially judge proof. It will be extremely difficult, if not impossible, to enforce a judgment against any of them due to their imprisonment or lack of recoverable assets.”

“As there is no class yet to be certified, no payment or inducement has been made or promised to Plaintiffs’ counsel and voluntary dismissal at this stage without prejudice does not bind any putative/absent claimant other than those named Plaintiffs, Plaintiffs consider it advisable and in the best interests of judicial efficiency and to voluntarily dismiss this Action without prejudice.”


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