The renowned law firm once associated with Princess Diana, Mishcon de Reya, plans to sue OneCoin on behalf of OneCoin fraud victims in London to help them recover their losses, with their payment contingent on a successful outcome.
Mishcon de Reya is in the early stages of the legal process of gathering affected individuals to join the lawsuit. To cover the legal expenses, a yet-to-be-disclosed third-party organization is providing financial support.
The claim will be initiated on an “opt-in” basis, implying that OneCoin investors who were defrauded will need to explicitly express their desire to be included as a part of the claimant group. Moreover, the claim will be pursued under a “no win no fee” arrangement.
OneCoin, a cryptocurrency scheme that operated from 2014 to 2016, duped many investors through a recruitment-based strategy. One of its key figures, Karl Sebastian Greenwood, has already been sentenced to a 20-year prison term for his role in the scheme.
Also Read: Co-founder of Fake Crypto OneCoin Sentences to 20-Year Jail
This legal initiative by Mishcon de Reya underscores the importance of seeking justice for OneCoin victims and holding perpetrators accountable for their fraudulent actions.
