Articles under ‘OneCoin’:

Muhammad Zafar’s OneCoin YouTube channel terminated for violations

As what’s left of OneCoin management either quit or quietly disappear, top investors in the scheme have become a vital source of information for disillusioned affiliates. Eager for any news regarding their investments in limbo, “leaders” like Muhammad Zafar are vital in creating the illusion of stablity. Unfortunately for Zafar one of his primary outlets [Continue reading…]

Principe files for harassment order in OneCoin Ponzi PR lawsuit

Not content with filing a frivolous lawsuit over lost Ponzi PR earnings, Chris Principe has now filed for a “Preliminary Injunction Order Against Harassment”. Principe claims defendant Tim Curry is ‘threatening him and accusing him of criminal activity in the foulest, most vitriolic language possible‘, and has asked the court to silence him.

DasCoin CEO threatens journalist over comparison to OneCoin

DasCoin CEO Michael Mathias is furious over comparisons of his company to OneCoin. Acknowledging that OneCoin is unable to ensure ‘compliance with US laws and regulations’, Mathias insists his DasCoin and OneCoin are ‘completely separate entities with absolutely no affiliation or connection or business association with each other.‘ Personally I wasn’t aware of anyone claiming [Continue reading…]

Declaration letters sought in Chris Principe’s OneCoin defamation case

Earlier this year Chris Principe sued Timothy Curry for losses in excess of $75,000. In his lawsuit Principe alleges Tayshun publicly blasting him for his involvement in the OneCoin Ponzi scheme resulted in damages to his reputation. Dating back to a dubious Feb 2016 Financial IT cover featuring OneCoin founder Ruja Ignatova, Principe’s involvement in [Continue reading…]

Bielefeld Prosecutor, Munich Police Commissioner deny Ignatova arrest

Since Nbox broke the news that Ruja Ignatova had allegedly been arrested last Saturday, verified information related to the arrest has been slow to surface. Thus far we have The Gerlach Report claiming Ignatova was indeed arrested, and is being held at Stadelheim prison in connection to a fraud case in Bielefeld. Countering this is [Continue reading…]

Confirmation of Ruja Ignatova’s arrest yet to surface

As I write this, official confirmation of Ruja Ignatova’s arrest has yet to surface. Reports out of Germany are conflicting, with authorities yet to issue an official statement.

Ruja Ignatova arrested in Germany, report Bulgarian media

Despite OneCoin being in turmoil following a disastrous ICO that’s not an ICO announcement, there hasn’t been a peep out of management. With Pierre Arens walking out last month, it was expected that at some point Ruja Ignatova would come out of hiding to address OneCoin affiliates. That hasn’t proven to be the case, with [Continue reading…]

OneCoin’s Golden Gate Investments ICO is a sham

By definition, an ICO is an unregulated means by which funds are raised for a new cryptocurrency venture. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin. Further differentiating itself from legitimate cryptocurrencies is OneCoin, who claim their [Continue reading…]

Five OneCoin affiliates arrested in Korea, crackdown continues

Whereas we’re usually pretty on top of OneCoin affiliate arrests globally, this one from back in June slipped through the cracks. Since the start of this year, Korea’s Financial Supervisory Service has opened 27 investigations into cases of suspected infractions of the Act on the Regulation of Conducting Fund-Raising Business Without Permission this year. One [Continue reading…]

OneCoin CEO Pierre Arens quits, Ruja Ignatova not seen for months

When Pierre Arens failed to appear at a recent OneCoin event in Portugal, host Kari Wahlroos claimed it was because he had a cold. Far more likely is the fact that Arens was well underway with plans to abandon his position as OneCoin CEO.