Claims Dismissed Against BE Club Founders: OneCoin

March 20, 2025 by Jhon E. Bermúdez

Dubai, United Arab Emirates, March 20th, 2025, Chainwire Good news for the co-founders of BE Club: claims previously filed against them in the UK High Court concerning OneCoin have been completely withdrawn by mutual agreement. It’s important to note that this resolution involved no financial settlement, and a worldwide freezing order that had been in

Dubai, United Arab Emirates, March 20th, 2025, Chainwire

Good news for the co-founders of BE Club: claims previously filed against them in the UK High Court concerning OneCoin have been completely withdrawn by mutual agreement. It’s important to note that this resolution involved no financial settlement, and a worldwide freezing order that had been in place has now been lifted.

The official resolution of this case (reference number CL-2024-000213), which was made public on January 25, 2025, comes after the Islam brothers presented compelling evidence that effectively refuted all the accusations leveled against them. In a significant gesture, the claimants have even agreed to contribute towards the legal expenses incurred by the brothers.

For context, Moyn and Monir Islam were actually UK-based investors themselves who unfortunately experienced financial losses due to the OneCoin scheme. Crucially, they had no operational involvement in the fraudulent organization and, in fact, tried to warn others as soon as they began to suspect something wasn’t right.

“For years, misinformation about OneCoin has unfortunately cast a shadow over my reputation, leading to unfair allegations including dishonesty, fraud, and claims that I had fled the UK. This resolution is a major step forward in demonstrating that we’ve been telling the truth all along. We were unfairly targeted, and this is a really important moment in setting the record straight,” explained Moyn Islam.

Adding to the complexity, the brothers’ subsequent business endeavors, including Melius – which later became BE Club – have unfortunately been misrepresented in connection to these past events.

This positive resolution means not only the removal of the worldwide asset freezing order but also a formal agreement preventing these particular claimants from bringing any OneCoin-related claims against them in the future.

Ultimately, this favorable outcome now allows these entrepreneurs to fully dedicate their energy to their current business ventures, free from the cloud of these unsubstantiated allegations.

Jennifer McAdam, a leading figure within the Claimant group’s steering committee, has issued official statements confirming the withdrawal of claims. These statements can be found on Facebook, X (formerly Twitter), and Instagram, and are also included at the end of this announcement for your convenience.

Both brothers were represented by separate legal teams, and statements regarding this resolution have also been released by their respective law firms: Enyo Law and Peters & Peters.

Understanding OneCoin

To understand the context, the OneCoin scheme began in 2014, capitalizing on the rising excitement around cryptocurrencies to lure in a massive number of investors. Unfortunately, this led to estimated losses reaching a staggering $4 billion.

By 2016, an estimated 1.6 million individuals had already joined this scheme. It was during this time that the Islam brothers also became involved, genuinely believing they were backing a system that had already garnered a substantial global following and promised significant financial rewards.

The unfolding events surrounding OneCoin continue to be a topic of ongoing discussion among regulators, financial experts, and investors worldwide.

About BE Club

For those unfamiliar, BE Club stands out as a product-focused company that’s reimagining Network Marketing. Our core principle is empowering our affiliates with sought-after products, coupled with the essential support they need to build lasting success.

Through a dedication to tech-driven solutions and attractive commission structures, BE Club unlocks a world of limitless possibilities, equipping our affiliates with the necessary tools and resources to truly flourish. To discover more, please visit beclub.com.

STATEMENT BY ONECOIN INVESTORS REGARDING UK LAWSUIT

We want to officially confirm that the legal claim (CL-2024-000213) that was brought in the UK by us, the Claimants (who are OneCoin investors), against Mr. Moynul and Mr. Monirul Islam (the “Islam Brothers”) in July 2024 regarding OneCoin, along with the associated worldwide freezing orders, has been withdrawn through a mutual agreement between all involved parties. It’s important to emphasize that no payments of any kind were made by Mr. Moynul and/or Mr. Monirul Islam to the Claimants in relation to this claim. However, demonstrating good faith, the Claimants have contributed to covering the legal costs that the Islam Brothers incurred in defending against the claim and the related worldwide freezing orders. To be absolutely clear, the withdrawn claims include, but are not limited to, all accusations of fraud and dishonesty that were made against the Islam Brothers. Looking ahead, none of the Claimants will pursue any further allegations against either of the Islam Brothers in any way. All parties involved are satisfied with the resolution of this matter and are committed to moving past this unfortunate situation and focusing on positive progress in the future.