A consented to preliminary order has pegged Gilbert Armenta’s OneCoin forfeiture at over $50 million dollars.
Armenta’s preliminary forfeiture order follows Armenta receiving a five year prison sentence last month.
Through his guilty plea, Armenta (right) consented to being held liable for
- $300 million jointly with co-conspirators Ruja Ignatova, Konstantin Ignatov and Karl Sebastian Greenwood;
- $10 million jointly with co-conspirator Mark Scott; and
- $98 million jointly with co-conspirators Christopher Hamilton and Robert McDonald
Filed on March 1st, the order details ~$40.8 million in forfeiture plus additional assets:
- $40 million Armenta surrendered to the DOJ in August 2018;
- $803,500 Armenta surrendered to the DOJ in December 2018;
- a 4 bedroom home in Fort Lauderdale, Florida with an estimated $3.2 million value;
- a 5 bedroom beachfront property in Fort Lauderdale Florida, with an estimated $6.4 million value;
- a Hermes Etoupe 35cm Togo Birkin Taupe Gold luxury bag ($20,000 to $30,000 new);
- a Hermes Pink Alligator luxury bag (~$80,000 to $120,000 new);
- a Hermes Birkin 35 luxury handbag (~$20,000 new);
- a Cartier necklace;
- a gold colored bangle;
- a Bulgari necklace;
- a set of JAR Paris rose earrings (~$12,000 to $25,000 used); and
- a gold colored “link necklace”
The total amount ordered in Armenta’s forfeiture is roughly $50.4 million.
Armenta surrendered the luxury bags and jewelry to the DOJ in January 2018. Given these are used goods of unknown quality, I haven’t factored them into forfeiture calculations (although they are very much part of Armenta’s forfeiture agreement).