Articles under ‘OneCoin’:

Two more OneCoin arrests, money trail leads to Bulgaria & Mauritius

The interrogation of Indian OneCoin affiliates in custody continues to pay off, with a continuing investigation by the Mumbai EOW leading to two more arrests. While OneCoin is notorious for laundering money through shell companies at a corporate level, the Indian investigation is revealing how things work on the ground.

John Maxwell to appear at OneCoin sponsored Colombian event

John C. Maxwell is an American motivational speaker who, through his John Maxwell Company, hosts leadership conferences all around the world. As per Maxwell’s website; For 40 years, John C. Maxwell has invested in leaders from all walks of life. His unique insights into the nature of leadership have earned him respect across generations of [Continue reading…]

Austrian Public Prosecutor launches OneCoin criminal investigation

Early last year Austria’s Federal Ministry of Labour, Social Affairs and Consumer Protection issued a warning against OneCoin. Some point after it appears the Austrian Financial Market Authority (FMA) opened their own investigation, the conclusion of which has now prompted a criminal investigation.

OneCoin twists arm of blockchain whitepaper author?

Reeling from the realization among affiliates that OneCoin currently doesn’t have blockchain, newly appointed CEO Pierre Arens has rushed out a press-release. The May 10th publication seeks to reassure affiliates that he is “wholly satisfied” with OneCoin’s current SQL database “blockchain”.

Indian OneCoin scammers siphon $11.6 million out of bank accounts

Efforts to recover funds stolen by Indian OneCoin affiliates have hit a roadblock, following the revelation that 75 crore ($11.6 million USD) has been withdrawn from bank accounts used to accept invested funds.

Police and Market Inspectorate investigating OneCoin in Slovenia

Following regulatory bans in Germany and India, the latest country to confirm an investigation into OneCoin is now Slovenia.

German Public Prosecutors investigating OneCoin reps for fraud

In the aftermath of BaFin’s regulatory ban of OneCoin on April 28th, promotion of OneCoin in Germany has come to a screeching halt. Yesterday, top German affiliate Udo Deppisch was forced to cancel two OneCoin events in Germany that had been organized prior to the ban: Not content with having thwarted the scheme locally, now the [Continue reading…]

Hungarian authorities put together massive OneCoin taskforce

The bad news for OneCoin continues, with the Hungarian Central Bank today announcing a joint investigation with various police departments and tax authorities.

Another $3.7 million in OneCoin funds seized in India

With the glitz of the Global Macau event come and gone, it’s back to reality for OneCoin affiliates. As authorities in India continue to investigate the scam, the latest development is another Rs. 240 million ($3.7 million USD) has been seized.

Controversy dogs OneCoin’s blockchain whitepaper

The problem with OneCoin affiliates getting excited about their blockchain whitepaper reveal earlier today, is it suggests that OneCoin are only now using a blockchain. Despite evidence to the contrary, OneCoin has maintained its Ponzi points have operated as a legitimate cryptocurrency since day one. At a training event earlier today it OneCoin’s whitepaper was [Continue reading…]