#Cryptocurrency #USA #New York #fraud #OneCoin

Reimbursement Program for OneCoin Fraud Victims

Between 2014 and 2019, many individuals were misled by the fraudulent cryptocurrency scheme known as OneCoin, orchestrated by its co-founders Ruja Ignatova and Karl Sebastian Greenwood. The U.S. Department of Justice has announced a significant step aimed at providing reparation for the victims of this scam. The Kroll Settlement Administration will facilitate this reimbursement process, where those who invested in OneCoin and incurred financial losses can submit claims for compensation.

Understanding the OneCoin Scheme

OneCoin was marketed as a revolutionary cryptocurrency, attracting a wide array of investors worldwide. However, it turned out to be a scam that bilked investors out of billions. The fraudulent activities involved the false marketing and selling of a non-existent cryptocurrency, causing substantial losses to those who believed in the promised profits. In response to the magnitude of the fraud, several indictments have been issued by the U.S. Attorney's Office for the Southern District of New York against those involved in this scheme.

Who is Eligible for Compensation?

The victims eligible to apply for compensation are those who:

• - Acquired OneCoin cryptocurrency between 2014 and 2019.
• - Suffered a net loss from their investments, which includes funds withdrawn or other recoveries.

It is important to note that submitting a claim does not guarantee compensation. Both the Department of Justice and Kroll will not charge applicants to submit their claims for the reimbursement program. Furthermore, engaging a lawyer for the application process is unnecessary.

How to Submit a Claim

Victims wishing to be part of the reimbursement program must complete and submit a claim form by June 30, 2026. The claim form requires details of the monetary losses incurred due to the OneCoin scheme. Supporting documentation that verifies the claimed losses must accompany the form to ensure the process's integrity. Claims can be submitted either via postal mail or through their website, www.onecoinremission.com.

Victims have two choices regarding this program:
1. Submit a Claim: If you wish to participate in the reimbursement process, fill out and send a complete claim form by the deadline.
2. Opt-Out: If you choose not to engage with the program, simply take no action. Those who do not submit a claim will not be considered for compensation.

Additional Information

This overview serves as a brief explanation of the reimbursement process. For more detailed instructions on the submission process, you can visit www.onecoinremission.com or reach out to Kroll directly via the following means:

• - Phone: 1-833-421-9748
• - Email: [email protected]
• - Postal Address: OneCoin Remission, c/o Kroll Settlement Administration LLC, P.O. Box 225391, New York, NY 10150-5391

The OneCoin case stands as a stark reminder of the importance of due diligence before investing in cryptocurrencies. The opportunity for redress through this compensation program is a crucial step for those looking to reclaim some of what was lost during this unforgiving chapter.