Two promoters of the OneCoin scam were killed and were still running the scam at the end of June

BlockBeats: According to a recent report, two participants in a massive cryptocurrency scam called OneCoin have been found dead in Mexico. One of them joined the infamous Ponzi scheme in 2017 and was particularly active in Latin America, spreading misleading information and deceiving victims.

According to the report, Mexican authorities found Oscar Brito Ibarra and Ignacio Ibarra (no relation) in Mazatlan, Sinaloa state. Their bodies were stuffed into suitcases and dumped in a clearing. A subsequent comprehensive examination determined that the cause of death was asphyxiation. Local police are treating the incident as murder and have launched an investigation.

The report also provides more details about Oscar Brito Ibarra and OneCoin, one of the cryptocurrency Ponzi schemes he was involved in. Brito signed OneCoin's franchise agreement in September of that year, after participating in several suspicious MLM activities in late 2017. He further strengthened his involvement by working with a small group at the Chilean branch of OneCoin. Together they travel through Argentina, Brazil and Colombia, promoting scams and increasing the number of investors and followers.

In 2019, as the nature of the scam worsened and awareness grew of its core problems, Brito joined A company that accepted cryptocurrency as a means of payment for cars, Latin American Automotive Marketing (& NBSP; Latin American Automotive Marketing Company (CLA).

In early 2020, he brought Ignacio Ibarra into the team and the two traveled across Latin America several times to continue promoting the project. The pair used marketing tactics, such as advertising to potential victims that they could buy the car at a lower price if they used OneCoin.

At that point, however, reports began to emerge that CLA was a fraudulent program, and the two stopped traveling after COVID-19 led to a blockade of Latin America. By the end of June, Brito and Ibarra had moved to Mazatlan, where the CLA seemed to be back in action and they were looking to attract more customers.

A few days later, the bodies of both men surfaced. The report cited the U.S. drug enforcement administration in a recent file, think of these deaths could be attributed to organized crime, "according to the study, some of the Mexican drug cartels, has been the use of virtual money laundering for a period of time. There is evidence that Mexico transnational criminal organizations use encryption currency as a way to transfer its international wealth." Despite the lack of exact details, Both Brito and Ibarra successfully duped numerous victims into investing directly in OneCoin and CLA.

Launched in Bulgaria in 2014, the OneCoin scam stole nearly $4 billion from global investors. Although classified as a fraud in many countries, it was not fully dissolved until the end of 2019. However, its founder, Ruja Ignatov, disappeared after leaving the company in 2017, and her whereabouts remain unknown.

The original address: https://cryptopotato.com/two-promoters-of-4-billion-crypto-ponzi-found-dead-in-mexico/

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