[PRESS RELEASE – Dubai, United Arab Emirates, March 20th, 2025]
The claims issued in the UK High Court against BE Club co-founders, Moyn and Monir Islam, regarding their alleged involvement in the OneCoin scheme have been withdrawn. This development marks a significant turning point for the brothers, who faced serious allegations stemming from a notorious cryptocurrency fraud.
The resolution of case number CL-2024-000213, made public on January 25, 2025, concluded with the withdrawal of all allegations against the brothers without any financial settlement. Notably, the worldwide freezing order on their assets has been lifted, allowing the entrepreneurs the freedom to redirect their focus toward their current business ventures.
Moyn and Monir Islam, who were investors in OneCoin themselves, did not hold any operational roles within the organization. Their initial belief in OneCoin’s legitimacy turned to skepticism as they began to recognize indicators of a fraudulent scheme. Their attempt to warn others illustrates their commitment to ethical conduct during a tumultuous time in cryptocurrency history.
“For years, misinformation surrounding OneCoin has affected my reputation, including allegations of dishonesty, fraud, and fleeing the UK. This resolution shows we have been telling the truth. We’ve been unfairly targeted, and this is a vital step in setting the record straight,” stated Moyn Islam.
The backdrop of OneCoin remains a cautionary tale in the cryptocurrency sector, having attracted nearly 1.6 million investors who collectively suffered losses estimated at around $4 billion. By 2016, the promise of financial success through this scheme raised questions and concerns that persist among regulators and analysts.
The brothers’ legal representatives, Enyo Law and Peters & Peters, have affirmed the resolution and articulated their satisfaction with the outcome. Their statements further reinforced the importance of establishing the truth regarding the Islam brothers and clearing their names amid the ongoing discourse surrounding OneCoin.
In a noteworthy agreement, the claimants, who also experienced financial loss due to their involvement in OneCoin, will be contributing to the legal costs incurred by the Islam brothers in connection with the lawsuit. This aspect of the resolution underscores the acknowledgment of the unjust nature of the claims made against the brothers.
Looking forward, the lifting of the worldwide freezing order represents a new beginning for Moyn and Monir Islam. It allows them to fully commit to their current endeavors, including their company, BE Club, which prides itself on empowering affiliates with innovative products and reliable support, depicting a commitment to success.
About BE Club
BE Club is a product-focused organization reshaping the Network Marketing landscape. The company is dedicated to enabling affiliates through tech-driven solutions and attractive commission structures, paving the way for unlimited earning potential. To learn more about BE Club and its offerings, visit beclub.com.
This resolution not only clears the Islam brothers’ names but also sets the stage for a constructive dialogue on ethical behavior in investment and entrepreneurial ventures. The OneCoin saga serves as a reminder of the importance of vigilant participation in the digital economy—one that demands both caution and transparency from all its stakeholders.
