Neil Bush–the brother of former President George W. Bush and son of the late President George H.W. Bush, received $ 300,000 for attending a meeting with the founder of the OneCoin cryptocurrency pyramid Ruji Ignatova, according to Law360.
New information emerged while a hearing in the case of OneCoin lawyer Mark Scott, who is accused of laundering $ 400 million. He and his lawyer claim that Bush’s appearance at that meeting convinced Scott of the company’s legitimacy. His defense is based on the claim that he was misled about the true nature of OneCoin.
It is known that the FBI contacted Bush about his involvement in the activities of Hoifu Energy, which is owned by Chinese businessman Hui Chi Min. The latter allegedly oversaw a $ 60 million deal to finance the purchase of an African oil field. Part of the loan, in theory, should have been issued in OneCoin.
“Yes, your honor,” lawyer David Brown answered the judge’s question if the meeting between Ming, Bush, and Ignatova took place in Hong Kong.
Ignatova disappeared without a trace at the end of 2017. In the US, she is accused of money laundering and fraud.
Last week, her brother Konstantin Ignatov pleaded guilty to several charges, including money laundering. Now he faces up to 90 years in prison in the United States.