Locke Lord's London Office Advised OneCoin Scam, Court Told

Lawyers in the London office of international firm Locke Lord gave advice to since-disappeared “cryptoqueen” Ruja Ignatova despite being aware her investment scheme OneCoin may have been a scam, US prosecutors have told a New York court.

Ignatova disappeared in October 2017 along with deposits from duped investors, which prosecutors have estimated at $4bn, and is now the subject of a global hunt by US law enforcement, who allege that OneCoin is a “fraudulent” pyramid scheme.

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