Articles under ‘OneCoin’:

Charge sheet filed against arrested Indian OneCoin scammers

To ensure six top Indian OneCoin scammers arrested in April do not post bail and flee, the Mumbai EOW filed a charge sheet against the accused last week.

OneCoin a criminal organization, claims Kazakhstan regulator

Back in April Kazakhstan authorities arrested top OneCoin investor Mirsaitova D.K. and several of her local downline. The case is being handled by the Economic Investigation Service, a department of the State Revenue Committee. In response to a media enquiry, yesterday the SRC provided an update as to the current status of the case.

OneCoin Vietnamese regulatory document forged, govt says

Last weekend OneCoin held an affiliate rah-rah event in Vietnam. Coinciding with the event, a document purportedly signed off on by the Vietnamese government began doing the rounds. According to Vietnamese OneCoin affiliates, the document was “proof OneCoin has been officially licensed in Vietnam”. Not surprisingly, a few days ago the Vietnamese government issued a [Continue reading…]

Indian authorities hunting six OneCoin affiliate fugitives

With twenty-four OneCoin affiliates already behind bars, Indian authorities are closing in on top Indian OneCoin affiliates. The latest out of India is reports that the Economic Offenses Wing are “hunting” four Indian nationals and Mary Beyance and Ereena Andreva.

Norwegian Gaming Board requests info on OneCoin affiliates

OneCoin’s days in Norway appear to be numbered, following a request to the company’s Norwegian lawyer for information on local affiliates.

OneCoin laundering funds through precious metal investments?

Following the revelation that the Mauritian Independent Commission Against Corruption has been investigating OneCoin since March, further details of the company’s operations in Mauritius have emerged.

Mauritian authorities investigating OneCoin money laundering trail

Authorities in India traced funds stolen by OneCoin affiliates to a Mauritian woman named Mary Beyance. Beyance worked with a partner in Bulgaria and, according to Indian authorities, sat atop a money laundering trail of at least $7.7 million USD. According to the Mauritian newspaper Le Mauricien, authorities in Mauritius are now investigating OneCoin.

Bank of Macedonia warns OneCoin has “elements of a pyramid scheme”

In Macedonia it is illegal to invest in cryptocurrency. Following repeated general warnings about cryptocurrency, the country’s top financial regulator recently cited OneCoin as an example of a pyramid scheme.

Korean regulator reports OneCoin to authorities for “possible fraud”

As per a report from the Korea JoongAng Daily, authorities in Korea have launched a police investigation into OneCoin.

OneCoin operating illegally in Belize, issued cease & desist

Belize, a tax haven in central America, isn’t really known for regulation. It’s seen more of an “anything goes” type jurisdiction. Nevertheless, the International Financial Services Commissions serves as the country’s top financial regulator. Charged with ‘providing appropriate supervision and regulation of international financial services‘ within Belize, earlier today the IFSC issued a cease and desist to [Continue reading…]