UK High Court claims against the founders of BE Club, the Islam brothers, related to the OneCoin cryptocurrency scheme have been dropped. This comes after the brothers presented strong evidence refuting all allegations.
Case Dismissed, Assets Unfrozen
The case, filed in July 2024, was dismissed in January 2025. Importantly, this dismissal wasn’t part of a financial settlement. In fact, the claimants—themselves OneCoin victims—agreed to cover some of the Islam brothers’ legal fees. A worldwide freeze on the brothers’ assets has also been lifted.
The Islam Brothers’ Story
Moyn and Monir Islam were small-time investors who lost money in the OneCoin scam. They had no involvement in running OneCoin and even tried to warn others about it once they realized it was fraudulent. Moyn Islam stated that the false accusations had damaged his reputation, and this resolution is a significant step towards clearing their names. Their subsequent business ventures, including BE Club, have also been unfairly targeted due to the OneCoin association.
Understanding OneCoin and its Aftermath
OneCoin, launched in 2014, was a massive cryptocurrency scam that defrauded an estimated 1.6 million people out of around $4 billion. The Islam brothers joined OneCoin early, believing it to be a legitimate opportunity. The fallout from OneCoin continues to be a major topic of discussion globally.
BE Club’s Focus
BE Club, rebranded from Melius, is a network marketing company focusing on providing affiliates with products and support. The company uses technology and competitive commissions to help its affiliates succeed.
Official Statement
An official statement from a key member of the claimant group confirms the withdrawal of all claims against the Islam brothers. No further legal action will be taken. This allows the brothers to focus on their business ventures without the burden of these unfounded allegations.
Disclaimer
This information is for general knowledge and shouldn’t be considered financial advice. Always do your research before investing.
