Dubai, United Arab Emirates, March 20, 2025, Chain Wire
Claims issued in the UK High Court against the co-founder of the BE Club have been withdrawn entirely in connection with ONECOIN. All claims were withdrawn without a financial settlement and the global freeze order was lifted.
The resolution in the case (CL-2024-000213), published on January 25, 2025, came after the Islamic brothers presented persuasive evidence against all claims against them. In particular, the claimant agrees to contribute to the legal costs incurred by the brothers.
Moyn and Monir Islam were small UK investors who suffered economic losses from the OneCoin scheme. They did not play an operational role in a fraudulent organization and after doubting its legitimacy, they tried to warn others.
“For years, the misinformation surrounding Onecoin has affected my reputation, including fraud, fraud, and allegations of fleeing the UK. This resolution shows that we are telling the truth. We are unfairly targeted, and this is an important step to setting the record straight,” Moyn Islam said.
The brothers’ subsequent business ventures, including Merius, were later rebranded as Be Club and were subject to misrepresentation.
The resolution includes the lifting of the global freeze order previously imposed on the brothers’ assets, establishing binding contracts that prevent future Onecoin-related claims by these claimants.
This result allows entrepreneurs to concentrate fully on their current business ventures without the shadow of unfair allegations.
Jennifer McAdam, a key member of the Requester Group’s Steering Committee, has released an official statement (shown below) available on Facebook, X (formerly Twitter) and Instagram. The statement is also available at the end of this article.
The brothers were represented by an independent law firm that issued a statement on the resolution: Enyo Law & Peters & Peters.
Understanding Onecoin
The OneCoin scheme, which began in 2014, led to an estimated $4 billion loss in order to leverage early cryptocurrency enthusiasm to attract investors at scale.
By 2016, nearly 1.6 million people had already participated in the scheme. During this period, the Islamic brothers joined in, believing they were supporting a system that had already accumulated significant global follow-ups under the promise of financial success.
The events surrounding Onecoin have been the subject of global debate among regulators, financial analysts and investors.
About the Club
Be Club is a product-first company that redefines network marketing. We focus on the support we need to empower affiliates with products in demand and achieve sustainable success.
With its commitment to technology-driven solutions and a competitive committee structure, Be Club opens the door to endless opportunities and provides affiliate marketing with the tools and resources to thrive. For more information, users can visit beclub.com.
Statement by Onecoin Investors on UK Litigation
We would like to confirm that in July 2024, the claimant (ONECOIN investor) brought to the UK against Mr. Moinle and Mr. Monirle Islam (the “Islamic brother”) in connection with Onecoin, and that the claimant (CL-2024-000213) was brought to the UK in connection with ONECOIN. The claimant contributes to the legal costs incurred by the Islamic brothers in defending the claim and the accompanying global freeze order, but Mr. Monure and/or Mr. Monirl Islam have not paid the claimant in connection with the claim in connection with the claim. To avoid any suspicion, claims withdrawn include (but not limited to) all allegations of fraud and fraud committed against the Islamic brother. None of the claimants will pursue any claim against any of the Islamic brothers in the future. All parties appreciate the resolution of this issue, and are committed to putting this unfortunate problem behind it and moving forward positively.
contact
Matthias Cruz
It will be a club
mattiasc@beclub.com
+971 56 548 9249
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