The Court has denied the request of the complainants of the OneCoin lawsuit. A month after the plaintiffs appealed for alternative service of their complaint on several defendants, the New York Southern District Court has dismissed the request.
Judge Valerie E. Caproni signed an order nixing the application on November 1. The Judge issued the order stating, “Because Plaintiffs have not shown that they have taken reasonable steps to attempt to serve these Defendants, the Court denies Plaintiffs’ motion without prejudice.”
Besides this, the Court also remains cynical that the proposed means would meet the requirements of the ongoing proceedings. The Judge also perceived that the plaintiffs did not show that the onecoin.eu email they suggested to use for service is functional and currently in use. OneCoin’s website, matching the onecoin.eu appeared to be non-functional. Although they were operational a year ago, they no longer appear functional and active, the Judge said.
In response to the denial, the plaintiffs have stated that they had not been able to determine any addresses where service would spontaneously be executed on the defendants.
The victims of the OneCoin scheme involves all individuals who transferred any fiat or cryptocurrency to the firm for investment and ultimately faced losses. Last month on October 1, Donald Berdeaux and Christine Grablis, the lead plaintiffs, filed a Motion for Leave to Effectuate Alternative Electronic Service upon four defendants: OneCoin Ltd, Ruja Ignatova, Sebastian Greenwood, and Irina Andreeva Dilinska.
The Court opined the complainants to address the concerns in some renewed petition for alternative service.