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Judge Valerie Caproni lifted the suspension of the class action lawsuit OneCoin and said that the parties must submit a schedule no later than May 8 for the defendants to respond.

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Valerie E. Caproni, New York Southern District Judge, yesterday lifted the stay that posed a class action lawsuit against the famous Ponzi OneCoin system 12 months ago.

In the order signed by Caproni, which you can read here, it was ordered that all parties must submit a proposed schedule so that the accused can respond to the May 9 situation. The court order says:

The parties must submit a proposed schedule by May 8, 2020, within which the defendants can respond to the amended complaint, dismiss it, or otherwise respond.

Further details on request OneCoin

Highlights Cointelegraph According to the defendants of April 27, defendants David Pike and Mark Scott refused to stay the motion and requested that it be continued “Until the final resolution of the criminal cases currently pending against each of them.”

Pike is charged with bank fraud, while Scott allegedly laundered $ 400 million on behalf of the co-founder of OneCoinRuja Ignatova, currently a refugee.

The suspension occurred after successive failures by the main plaintiff Donald Berdeaux to meet the court’s monthly deadlines. Explain it Cointelegraph that the reports related to efforts to serve the leaders of OneCoin.

The representative of the main plaintiff also informed the court in February that OneCoin and Ignatova were notified of Ignatova’s last known email address and that two other suspects would be withdrawn from the case.

There was no further correspondence with the court until Judge Caproni threatened to dismiss the case on April 12.

On April 21, the plaintiffs’ representation, the lawyers of the firm Levi & Korsinsky LLP, asked for the suspension to be lifted and said so the plaintiffs “You are ready to continue the litigation quickly”.

OneLink is still operational

Likewise and in parallel with these events, some media reported in April that the main recruiter of OneCoin Vietnamese Le Quoc-Hung (aka Simon Le) launched a crypto scam that is almost identical to OneCoin called OneLink.

He positioned himself as the leading figure on the platform OneLink after the founders of OneCoin You have been arrested or hidden. It is believed that Le is hiding in Dubai or Vietnam and continues to work with this new company from there.

What happened to the process? Onecoin in April

In mid-April, Judge Caproni announced that lead plaintiffs Christine Grablis and Donald Berdeaux had failed to present the agreed monthly updates of their efforts to serve court documents on all of the defendants.

The judge stated in a statement and ruling that Grablis and Berdeaux should do so “Show the cause by April 16, 2020 at the latest, as this case should not be dismissed to the detriment of the lack of law enforcement by the FED. R. Civ. P 41 (b) “. Caproni too “strongly warned“These big plaintiffs could see sanctions if they go against court orders in the future.

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Source: Court order, Cointelegraph

Version of DailyBitcoin

picture of Pixabay

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