Alleged Crypto Fraud Conspirators, BNY Mellon Ditch Class Action

Bank of New York Mellon Corp. and a group of individuals from Florida convinced a federal court in New York to dismiss them from a proposed class action alleging they aided and abetted a purported cryptocurrency fraud perpetrated by OneCoin Ltd.

Donald Berdeaux and Christine Grablis, investors in OneCoin offerings, sued it after allegedly losing hundreds of thousands of dollars in what they allege was a Ponzi scheme masquerading as a cryptocurrency.

The plaintiffs, hoping to represent other investors harmed by the scheme between April 2014 and March 2018, also sued BNYM, as well as Mark Scott, Nicole Huesmann, and ...