RATE Group | Samoa’s Attorney General tags onto cryptocurrency probe
54630
post-template-default,single,single-post,postid-54630,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Samoa’s Attorney General tags onto cryptocurrency probe

17 Jul Samoa’s Attorney General tags onto cryptocurrency probe

Posted at 03:06h in Cryptocurrency News by

[ad_1]

Samoa’s Attorney General is helping with an investigation into a cryptocurrency company which allegedly laundered money in Samoa.

bitcoin onecoin ripple on wooden background and copy space, cryptocurrency money exchange investment concept.

Photo: 123RF

The Central Bank launched a probe into OneCoin in April after New Zealand police warned Samoan businesses and churches had invested.

OneCoin is banned in Samoa and has been labelled by authorities as a fradulent pyramid scheme, which the company denies.

Assistant Attorney General Sefo Junior Ainuu said his office is continuing to review an intelligence report from New Zealand police.

The Samoa Observer reports it was referred to Mr Ainuu after the Attorney General, Lemalu Hermann Retzlaff, declared a conflict of interest.

No charges have been laid against OneCoin or the two Samoan churches linked to the alleged scam by the Central Bank.

[ad_2]

Source link

Tags:
, , , , ,