15. Pac-Man

January 22, 2026·32 min·3 clips

A mysterious shell company bought a £13.5 million Kensington penthouse with a retractable-roof pool, and a victim believes it's funded by OneCoin cash.

The trail starts at a penthouse. In Kensington, the host stands below an apartment bought in 2016 for £13.5 million through a Guernsey shell company. Inside, it is big and showy. Photos show Andy Warhol prints, pricey furniture, and an indoor swimming pool with a retractable roof at the top of the building. Jen McAdam knows what that looks like to her. She does not see only luxury. She believes it may have been paid for with money taken from victims. The paperwork is harder to read. The host explains how people like Dr Ruja Ignatova can keep their names out of public records by using shell companies and frontmen. In scams like OneCoin, money can move fast. Stolen funds can cross borders, turn into property, and sit behind layers of ownership. The work now is legal, and it is slow. Jen and Daniel's lawyers need to show who profited, find assets linked to those people, and persuade a judge to freeze them. That means digging through records and names. Across OneCoin and hundreds of similar scams, the number hanging over the work is enormous, with £5 billion possibly lost over the past decade. Then the episode steps outside. In a West London park, near peacocks and an opera rehearsal, the host meets a former porter from the building. They call him James. He describes a huge two-floor penthouse, roughly 150 feet long, with four bedrooms, a massive living room, and balconies at both ends. The detail matters because it gives the missing money a shape. James says the mysterious owner filled the place with paintings, clothes, and jewellery. The losses stop feeling abstract. They become rooms, objects, and assets that lawyers may try to tie back to the scam.

As heard by us

A Kensington penthouse becomes a map of how OneCoin money was hidden and how it might still be traced.

Episode 15 follows the paper trail around a Kensington penthouse bought through a Guernsey shell company, and uses that address to show how OneCoin money was tucked away.

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Why you'd press play

Follow the penthouse money trail behind Ruja Ignatova's hidden assets in Kensington, London and beyond.

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