Promoters of OneCoin found dead in Mexico
Two major OneCoin promoters, Oscar Brito Ibarra and Ignacio Ibarra (not family related) have been found dead in the city of Mazatlan, Sinaloa, Mexico on June 30th 2020. Both men were abducted a few days prior and then stuffed into suitcases. The bodies were then dumped at a vacant lot and later found by a street beggar. The cause of death is reported as suffocation.
According to the daily newspaper La Tercera , Oscar Brito Ibarra, from Chile, started working for OneCoin Ltd. in 2017 as an affiliate. Founded three years prior, in 2014, the OneCoin project has already scammed millions of people and a number of financial authorities have started labeling it as a “ponzi scheme” as early as 2016. The Latin American newspaper points out that the late Oscar Ibarra knew what he was getting into when he signed up with the company.
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After a brief experience with OneCoin, Oscar Brito Ibarra has found himself an Argentinian partner, Ignacio Ibarra. Both men started promoting an entity called the Latin American Automotive Marketing Company (CLA) by offering discounts for purchasing vehicles using the OneCoin token. Of course, the promised cars were never delivered while the duo continued offering the scam across the Latin America.
At least 140 people were scammed by CLA in Argentina by the end of 2019. Some individuals have lost up to $400,000.
On June 20 the pair has traveled to Mazatlan, Sinaloa (state of Mexico). The trip might have been linked to the CLA, La Tercera reported. The bodies of the two men were discovered a few days later.
Citing a report by the United States Drug Enforcement Administration (DEA), La Tercera suggested that local cartels such as the Blood Alliance (also known as the Guzmán-Loera Organization), Cártel de Jalisco Nueva Generación and Los Zetas could be involved with the murders. The most notorious of the three is the Blood Alliance syndicate, created by the famous drug lord “El Chapo” Guzmán, that increasingly deals with cryptocurrencies to launder money.
The Bulgarian-based OneCoin Ltd. remains fully operational to this day despite the current investigations and multiple allegations rose against it and its products which have been used to scam people worldwide for 4 billion euro ($4.4 billion) in a Ponzi scheme.
Written by: Lyubomir S. Evtimov