February 7, 2021 by Brian Priest Welcome to this report entitled Onecoin News. So let’s find out what’s the latest with Onecoin.
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Hello everyone and welcome to Onecoin News report. A OneCoin promoter in Ecuador has been sentenced to five years in prison.
Ivonne Ortiz was a prominent promoter of the OneCoin Ponzi scheme in Ecuador. And she is featured quite a bit in official OneCoin marketing material and appears to be pretty high up the food chain. In addition to that the Marketing material featuring Miss Ortiz dates back to 2016. Which means it’s possible Ortiz was one of the first OneCoin promoters in Ecuador.
Ecuadorian Prison Sentence – Onecoin News
Following complaints from OneCoin victims, Ecuadorian authorities opened an investigation into Ortiz last year. And according to the investigation, Ivonne Ortiz lured people into OneCoin on the premise of earning a return through OneCoin tokens. In addition to that Ortiz’s victims were instructed to deposit funds into a savings account, held in the name of Ortiz’s minor daughter.
“After receiving the money, Ivonne O. gave her victims a code which they entered on a website, which apparently provided their investment.
However as time passed the victims could not access the digital portal, confirming the deception they were subjected to”, And this is from a detailed statement from the Public Ministry detailed.
At Ortiz’s trial three OneCoin victims claimed to had given her $10,000 each. And additional evidence was presented that included victim’s testimonys and financial records as well.
And Based on this evidence, the Judged of the Pichincha Criminal Court found Ivonne O. guilty and sentenced her to five years in prison.
Ortiz was found guilty on charges that related to the marketing income potential through an unauthorized alternative currency.
And In addition to serving a prison sentence Ortiz will also have to reimburse $10,000 to her three victims and pay a $4800 fine. But she seems to have gotten off lightly on the monetary side of things. Because if she has been promoting OneCoin since at least 2016 then it’s a given that she personally recruited far more than three investors into the scheme.
However the real loser here however is Ortiz’s daughter who was eight in 2019. And as a result of her mother chasing Ponzi dreams, she’ll spend half of her teenage years without her mother around.
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