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In contrast to Dubai, which is a crime-ridden quagmire, a court in Ras Al-Khaimah recently heard a case that was filed by a OneCoin victim.

The victim was given a favorable ruling (shocked Pikachu’s face).

The victim plaintiff allegedly paid AED 100,000 (about $27,225) for 40,000 OneCoin Ponzi tokens, according to court documents.

The hired con artist failed to transfer the OneCoin tokens after receiving the money.

The victim decided to sue Ras Al-Primary Khaimah’s Court as a result of this.

The recruiting con artist was ordered by the Primary Court to repay the invested money together with AED 10,000 in compensation (about USD 2,722) in favor of the OneCoin victim.

As stated by Lexology, this led to an appeal;

Before the Appeals Court, the Seller contested the Primary Court’s ruling because the transaction was legal since it was carried out through a “Deal Shaker” platform and did not go against the law or public policy.

The con artist attempted to claim that the terms under which the OneCoin tokens were sold implied

By the terms and conditions stated online, the Seller would store the bitcoin and release it for transfer to the Buyer every so often.

The Appeals Court found OneCoin to be a Ponzi scheme and dismissed the con artist’s defense.

The Court determined that OneCoin, as the subject of the underlying agreement, together with its affiliated businesses and creator Ruja Ignatova, was connected to fraud that encouraged investors to participate in a Ponzi scheme.

The Court found that the circulation of the sold cash and the currency itself constituted fraud, rendering the transaction illegal and against both the law and public policy.

If only the judges in Ras Al-courts Khaimah were on par with those in Dubai.

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