OneCoin change banks again, now using US-based bank?
Less than a month after OneCoin announced they had switched banks to JSC Capital Bank in Georgia (the country), OneCoin have again announced a change of banking details.
In an email sent out to affiliates over the last few hours, OneCoin advised affiliates they must now deposit funds through TD Bank.
As per the email, it appears TD Bank are a Canadian bank subsidiary based out the US.
CURRENT CORPORATE BANK ACCOUNT
All bank charges are at the expense of the sender. Partial payments for packages are not accepted.
Remember to add all usernames and the package related with the same username(s).
Check the example below:
Username: abc123, Package: Pro Trader
BANK ACCOUNT
BENEFICIARY: One EUX, LLC
BENEFICIARY ACCOUNT: 4325434431
BENEFICIARY ADDRESS: 110 E. Broward Boulevard, Suite 1900,
Fort Lauderdale, Florida 33301
Bank: TD Bank
SWIFT Code: TDOMCATTTOR
Bank address:
1701 E. Sunrise Blvd
Fort Lauderdale, Florida 33304
The move to a US bank is interesting, as OneCoin acknowledged its unregistered securities issues by cancelling US business operations only two months ago.
TD Bank bill themselves as “America’s Most Convenient Bank” and claim to be
one of the 10 largest banks in the U.S., with approximately 25,000 employees and deep roots in the community dating back more than 150 years.
TD Bank is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America.
Details on One EUX LLC meanwhile are non-existent. Ditto why OneCoin is no longer banking through JSC Capital Bank in Georgia.
Meanwhile how long the One EUX LLC account at TD Bank is open for remains to be seen.
As to my thoughts, two things stand out in particular.
Firstly if OneCoin are bank hopping as one bank closes their accounts after another, given their business model a move to the US might signal desperate measures.
OneCoin have gone to great lengths to distance themselves from the US, so moving banking operations there makes little sense.
Secondly changing banks every month is not the behavior or reputable and/or legitimate businesses. On top of the Ponzi concerns with OneCoin’s business model, that OneCoin can’t stabilize banking operations speaks for itself.
As the OneCoin ping-pongs from one bank to another, we’ll keep you updated.
thought they had claimed to buy a bank. or was that one of the other scam ‘currencies’?
No that was OneCoin.
In September Sal Leto claimed OneCoin were in the process of getting SEC approval (which is a non-existent thing to begin with) and had “acquired a hundred and eighty banking licenses”.
One thing that just struck me was how this ties into the whole KYC mess.
Effectively OneCoin have given themselves four weeks breathing room by effectively suspending withdrawals.
Perhaps not so co-incidentally, that’s about the time new banks are closing their accounts by.
Deposits aren’t typically a problem, it’s the withdrawals that set off money laundering alarms.
That Christmas and the holiday season is upon us is also not lost on me.
Barring additional information about this One EUX LLC shell company surfacing, what’s the bet it’s newly formed?
Open up a new account with the entity and maintain a bank with only deposits coming in. Can’t pay out because your bank accounts keep getting shut down.
My gut tells me the KYC announcement was made after the Georgian bank shut them down. They knew the same thing would happen if they opened a new account with a new shell company, so here we are with a Canadian bank operating in the US and no withdrawals.
What happens after the 4 week KYC excuse period runs out will certainly be interesting.
Gee, who would have thought it? OneCoin the charter member of the bank of the month club. Wonder how many other Ponzi’s will catch on and follow suit? Could be the start of a new trend in Ponzi banking.
You would have thought they would have tried to open the bank account with the headquarters in Toronto, not a branch bank in Florida. Wanna guess where they will be banking in January once TD Bank finds out what their business plan really is?
From Patrick Pretty:
Links to the Rothstein Ponzi case:
miamiherald.com/news/local/crime/article2653221.html
sun-sentinel.com/local/broward/fl-rothstein-frank-spinosa-plea-brf-20150928-story.html
ponzitracker.com/main/2015/2/27/td-bank-pays-67-million-judgment-to-rothstein-ponzi-victims.html
Here’s what a local Norwegian promoter says about funding accounts.
The search string “BENEFICIARY: One EUX, LLC BENEFICIARY ACCOUNT: 4325434431” only gave 2 results = Behindmlm.com and a Finnish forum or blog.
murobbs.muropaketti.com/threads/onecoin-uusi-pyramidihuijaus-krp-rikosta-voidaan-arvioida-luotettavasti-vasta-myoehemmin.1197240/page-82
My guess is that the email is false.
The Georgia bank was their previous account. They opened it early November.
It’s evidently been terminated and now they’re using TD Bank with withdrawals suspended until further notice (KYC).
My guess is that you have received false information from someone.
search for ‘onecoin TD bank’ on facebook. at least three different affiliate posts are saying the banking is now with TD bank.
@M_Norway
It’s possible but the source has been reliable in the past. As anjali pointed out the new banking information is being circulated by OneCoin affiliates as legit.
I managed to find a third search hit. It’s an Italian website (I believe), promoting OneCoin on February 26 2015 (but it may have been updated in the last few hours)
libertateprinprosperitate.blogspot.no/2015/02/o-noua-moneda-onecoin.html?view=classic
It will be much easier if you give the address to one of them.
My first search attempt only gave some bogus results, some “Helen’s Hope” with some cancer story.
It is not false. It appeared in Onecoin backoffice yesterday.
And I just checked its still there. By to way; anyone can register free or “rookie” account to Onecoin and check by yourself from their shop.
“It appeared in OneCoin’s backoffice” doesn’t guarantee that the information is correct. 🙂
The problem is that “One EUX LLC” doesn’t seem to exist, neither as a company name or as a trade name.
The bank account doesn’t seem to exist. It has only 10 digits.
The bank information is of wrong type for international transactions, e.g. the IBAN number is missing.
Well Im not familiar in international banking but found following thread:
englishforum.ch/finance-banking-taxation/77454-iban-question-usa.html
But it seems that many US banks havent adopted iban
The information about the bank change truly came from Onecoin. I have a rookie account there.
By the way, the referred website “murobbs” is a Finnish internet forum which follows ponzi schemes among many other topics.
Murobbs has a certain reputation amongst Finnish pyramid schemers.
And to One Eux Ltd;
Maybe its just new company that has been registered few weeks ago and it takes longer to be added to US online databases.
For example they have done required paperwork and after that have right to open bank account etc
that is an existing bank account, IBAN are not used in US (exception are few banks who adopted it too) , it is all SWIFT all around.
Accepted. I only compared it to OneCoin’s former bank relations in UAE, Bulgaria and Georgia — to the type of information used for those banks.
It may look like OneCoin is about to run out of banks, that banks see it as a too high risk.
This address belongs to a corporation named BlueNrgy. They have nothing to do with OneCoin per a phone conversation with them.
I will say that the man on the phone was quite terse which makes me wonder about them. He should have thanked me for alerting them but instead hung up quickly.
seems a few crammed into that small suite. lol
ZALA GROUP, LLC
110 E Broward Boulevard
Suite 1900
Fort Lauderdale, FL 33301
Changed: 04/23/2015
Registered Agent Name & Address ARMENTA, GILBERT R
110 E Broward Boulevard
Suite 1900
Fort Lauderdale, FL 33301
Name Changed: 06/28/2013
Address Changed: 04/23/2015
search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=ZALAGROUP%20L130000542340&aggregateId=flal-l13000054234-e91389bd-65fd-44a5-845f-7c7c04471941&searchTerm=Zala%20Group%2C%20LLC&listNameOrder=ZALAGROUP%20L100000636250
Learning Pays.com, LLC
Contact: John C. Carey
Email: (removed)
Phone: (954) 760-5852
110 E. Broward Blvd.
Suite 1900
Fort Lauderdale, FL 33301
Category: Application Service Provider (ASP)
CADAVIDTECHUS, LLC
Company number L14000162784
Status Active
FEI number
Company Type Florida Limited Liability
Home State FL
Last activity date not available
Date Of Incorporation 10/16/2014
Principal Address 110 E BROWARD BLVD, SUITE 1900, FORT LAUDERDALE, FL, 33301 search
Mailing Address 110 E BROWARD BLVD, SUITE 1900, FORT LAUDERDALE, FL, 33301
Licensee Details
Licensee Information
Name: RYAN, ADRIANA MARIA (Primary Name)
Main Address: 110 EAST BROWARD BLVD
SUITE 1900
FORT LAUDERDALE Florida 33301
County: BROWARD
License Mailing:
LicenseLocation:
myfloridalicense.com/LicenseDetail.asp?SID=&id=4511043DB0456C8E7709285234961D48
Very very fishy!
One Coin might have needed an address in the US for the banking account and might have paid BlueNrgy for the use of their address.
I told some leaders in One Coin that the bank account has changed, the reaction was denial and irritation.
And I did not even mention the new ONE EUX Company 😉
This adress refers to 20 stories high business center where Onecoin office and BlueNrgy are probably few of many… offcourse BlueNrgy don’t have anything to do with Onecoin.
Char, you really called there? ..
“He should have thanked me for alerting” .. it’s quite funny actually 😀
you can only fit so many businesses in one ‘suite’ which I would assume does not mean a whole floor.
I sent a link for this article to the TD Canada Trust, where I bank, and I hope someone checks them out before the US operation ends up paying another large settlement.
You would think paying 67M would put them on alert, I guess not!
Actually it is an Executive Office Suite and it does cover a whole floor. Most of these type of arrangements have 10-20 offices with a central reception and switchboard, meeting rooms, conference room, and a break room.
Regus is a major player in this type of Executive Office Suites.
I was thinking this is a way for the Company to expand in US.
If they start a Company and a bank account in US they will get all the turnover ( 1.5-2.0 bilj$ a week ) in the US account. I can`t see how they could do different to get the result they want.
Maybe the bank in Georgia is full allready. KYC is not an option, its required in all EU.
Its Amazing to see a turnover of 15 bilj$ in 16 month. Lucky them who join early.
I would still think that each business would be it’s own office number say 1900, 1901, 1092, etc. no?
Regus have the address Suite 1700, 2 floors below. You will find multiple companies in Suite 1700, and a few in Suite 1900 (BlueNRGY, Zala Group, some attorneys, etc.).
I intially contacted Regus since they are in the virtual office business figuring that’s what this was. Regus informed me they only used the “17th” floor at that location.
I was then transferred to the management office who handles the 19th floor. The lady told me that BlueNrgy occupied this space.
I the called them, a woman answered, and I started asking questions. Very abruptly, a man took over the phone and asked me to identify myself – I refused.
I told him I research international Ponzi schemes and their address was being used. He denied knowing OneCoin, was borderline rude, and hung up without so much as a good-bye.
Something not right with this scenario. At the very least, BlueNrgy’s communication skills suck.
Pretty typical for a virtual/shared office. The 00 ending means the the entire floor. Clients who did not lease a specific suite (i.e. meeting room and mail forwarding only) are given that “generic” suite number.
TelexFree’s Massachusetts address used to be Suite #200, the generic Regus suite number. They upgraded to a real suite months later.
amlmskeptic.blogspot.com/2013/07/telexfree-location-lie-its-tvi-express.html
All indications are Bluenrgy Group is legit. There’s several bits of news on Bloomberg and they do seem to use the entire floor, confirmed by the building’s leasing guide (nothing available on 19th, plenty of space on all other floors)
NOLINK://www.showcase.com/property/110-E-Broward-Boulevard/Fort-Lauderdale/Florida/378959
No sign of One Eux registered in Florida or Oregon. Any one want to try Delaware and Arizona? I doubt TD would let them open a bank without at least an EIN, and you need an address to register an EIN.
Can anyone translate this:
youtube.com/watch?v=TBcjKzR63Rc&feature=youtu.be
Just a generic information about Crypto Currency, nothing concrete or special. About the advantages of using crypto currency, the future of money etc.
Looks like a news report on digital currency safety?
Specific relevance to OneCoin?
There’s Onecoin’s Finnish “country leader”, Tommi Vuorinen, shortly visible after 27 seconds and it sounded like the word “onecoin” mentioned after that. There are also some parts in the video identical to bits on some Onecoin’s advertising videos.
Ahh I watched it with the sound off.
0:48-0:50 shows a powerpoint slide about Onecoin and there’s also Onecoin’s web page visible.
The bank in Georgia only handled real monetary transactions = transactions from one bank account to another bank account. So it didn’t handle any of the “internal transactions”.
The internal transactions can be compared to transactions of “monopoly money”. Banks will not handle that type of “money”.
The “monopoly money” comparison was about “a type of money that doesn’t have any function or value out in the real world, but does have a function inside a game or a system”.
Reply to my email regarding OneCoin account at Florida branch, from TD Canada Trust.
Regarding legal issues. Did you investigated the company auditing OneCoin’s blockchain? Some recent reports doesn’t look professional….
Have a look at auditor’s web side: s-sys.eu
Website is offline. No cached version of this page is available….
Nope, because it has nothing to do with internal Ponzi points.
Whether OneCoin run a crypto script is irrelevant to the fact they pay off existing investors with newly invested funds, as per the OneCoin Ponzi points.
I looked into it in a different thread, posts #15, #16, #17.
Dian Dimitrov and Semper Fortis terminated the auditing agreement in August 2015, according to rumours but verified by many different sources.
The Semper Fortis website was “Under construction” when I tried to check. The major part of the company had moved to a new company name SF Bulgaria.
Dian Dimitrov seems to have been kicked out of the office, kicked out of the membership in Morison International, kicked out from access to the company’s emails — but he still seems to own the old company Semper Fortis Ltd and the website semperfortis.bg.
The other partner Georgi Kaloyanov seems to own the right to use the brand name “Semper Fortis” (name and logo). Georgi Kaloyanov was the “main managing partner”, i.e. the company was licensed in his name.
Dian Dimitrov and Denitsa Tsekova were “co-partners”. Dian and Denitsa both seem to have left the management team.
I didn’t check any new auditing reports. They were mentioned in post #7.
From the Finnish forum …
In brief; an institute called Trident Crypto Center (TCC) will provide training about digital currencies in Thai. The woman interviewed at the end is the institute director Gantima Sirirat.
The news report appears to be of an event held by Trident Crypto Center in Bangkok on November 26th.
I found a press release in Thai of the event listing guest speakers Sebastian Greenwood, and “Crypto Queen” Ruja Ignatova. (NOLINK://thaipr.net/finance/665150).
However, YouTube videos show only Juha Parhiala speaking at this event. Note that there was another event in Bangkok on November 27th where Sebastian Greenwood and Ruja Ignatova did speak.
It appears that the education that this institute provides is direct from OneCoin’s OneAcademy. I’m still digging around, so probably more to be revealed about this Trident Crypto Center.
lmao. wacky bunch of thieves.
The event description (short version):
Now there is a German bank for the European Investors and anotyher bank for Asian Investors. Thus, people on the different continents can transfer Money for less costs apparently.
The German babk is Kreissparkasse Steinfurt. The Company Investors transfer Money too is called International Marketing Services Pte. Ltd.
The Asian bank is the DBS Bank in Singapore. One Coin uses the same Company name as with the German bank (mentioned above).
He participates in one now. I don’t think it’s the first one. The search string “Juha Parhiala Brilliant Carbon” gave some results. He was probably a participant.
Juha Parhiala isn’t the right type of person to front opportunities, e.g. in the role as an “expert” on something. He has other types of skills, more limited ones. “Right type of person” is about how able they are to fit into specific roles.
Nigel Allan had the same problem — “not the right type of skills”. People simply didn’t see him as trustworthy enough as a leader in OneCoin. And people found a lot of red flags when they tried to google his name.
Parhiala also seems to have a connection to Conligus scam: youtu.be/QzhsMEMTpqI?t=443
@Dzika — interesting, why are there a couple Chinese words mixed in there? Hmmm?
@Onecapita — Conlingus joined OneCoin last year.
Conligus was only active for a few months, from October 2014 to early February 2015, before it had to stop payments. It wasn’t very successful, but it pretended to be.
I believe OneCoin does the same. Pretending to be something is relatively easy.
It looks like Tom McMurrain now knows that pumping One Coin hard for the past year was a huge mistake and a lot of people are going to get hurt as a result.
He has slowed his Facebook promotions down to a dribble. The Promotional Posts he makes for One Coin only get one or two LIKES now. They used to get 15 to 20 each!
Ken Labine on the other hand, well…..I will be nice and just say that he has yet to “get the memo”.
Ethan Vanderbuilt just caused our favorite Coin Artist to VID himself – AGAIN! :)~
youtube.com/watch?v=ZLaRyjuOZEM
Ethan says, “In my opinion, the One Coin scam is a ponzi scheme, linked with a pyramid recruiting scheme that masquerades as a digital currency”
In my opinion, Ken is only hurting himself with his over-the-top public displays of contempt for the truth.
He’s now on record as having seen and read (or watched) solid evidence that One Coin, in the opinion of many, is a ponzi scheme, as Ethan Vanderbuilt says.
Yet, he continues to pump the deal.
That’s NOT smart, IMO.
search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=ONEEUX%20L150002015590&aggregateId=flal-l15000201559-1af85625-b303-4246-8eed-41489ee41652&searchTerm=one%20eux&listNameOrder=ONEEUX%20L150002015590
ted nuyten of ‘businessforhome’ is currently running a poll on ‘The Top Direct Selling CEO In The World – Poll 2015’.
ruja ignatova of onecoin is currently at number 15, in the CEO list provided by BFH [mike deese of myadvertising pays is at number 10].
i just hope ted nuyten of BFH will have some words of solace for the reading public when onecoin comes crashing down.
i mean, he will have to accept some responsibility, right?
Nuyten turned off comments on his latest Steinkeller article.
It was basically a bunch of people going on about OneCoin being a scam. Can have that when you’re supposed to be providing positive PR for your clients.
Bell sued Nehra and Waak in September, alleging that they “encouraged investors to participate in the scheme by knowingly allowing their names to be used in providing a false façade of legality and legitimacy and gave improper legal advice that allowed the scheme to continue far longer than it would have without the Defendants’ support.
(taken from ruling)
Is this similar to what Ted Nuyten is doing by publishing his list of the Top Direct Selling CEO in the World – Poll 2015 which included Ruja Ignatova of OneCoin?
Specifically, “providing a false façade of legality and legitimacy”
Nuyten isn’t a lawyer, his business isn’t a lawfirm and he doesn’t live in the USA
Nehra got nailed, in part, for “providing a false façade of legality and legitimacy”
Are you saying this ONLY applies where the “business” is a lawyer?
So, by your post, someone could live in the Netherlands and con American’s out of their money without fear of prosecution?
Good at putting words in peoples’ mouths, aren’t you ??
Publishing a survey in a magazine is not “conning American’s out of their money without fear of prosecution” and magazine publishers are not lawyers.
People are entitled to feel lawyers are operating at a higher standard than the man in the street.
Why come back with the attitude? And, why would I want to put something in your mouth?
OK…..I get it. I believe Ted should be held accountable and you do not.
So noted.
Ummn, in your original post you said:
Which is not what I said or implied
Which is also not what I said or implied
Whether I believe Nuyten should or shouldn’t be held accountable has nothing to do with the facts:
* He is a magazine publisher
* who doesn’t live in the USA
* he isn’t held to the same standards as a lawyer
His website is promotional. That’s the primary function of the website, so he doesn’t directly cross any “commonly accepted ethical line” when he allow yet another “MLM personality” (Ruja Ignatova) to promote herself and her business.
He doesn’t offer any “credibility” either.
“His website is promotional” OK. I believe PROMOTERS of a ponzi scheme should be held accountable.
Plus, didn’t Ted accept money for promoting this obvious ponzi scheme to his readers?
That is where he crossed the line, IMO.
@ littleroundman
That’s not how I see it. You said, “and he doesn’t live in the USA.”
Now you say, “That’s not what I said or implied”
I guess you could argue both sides of the point and be at least 50% right ALL of the time. It must have been one of those crazy Saturday Nights.
It’s all good littleroundman.
Let’s compromise and both agree that I am right. 🙂
The SEC agrees with you. It took action against a US based hack named Troy Dooley for pumping Zeek securities without disclosing that he was being paid to do so.
Good day fellas,
Who is winning OneCoin or the critics?
Winning? OneCoin is a Ponzi scheme.
It’s not about winning or losing, it’s about financial fraud to the tune of hundreds of millions of dollars.
You are already familiar with the types of services he offer. It was covered in an article.
behindmlm.com/mlm/where-do-you-get-your-mlm-news-from/
“Reasonable person” is simply a method for how to look at something from a neutral point of view, or from a specific point of view. It’s similar to “common reader”, “average consumer”, “reasonable juror”, etc.
Possible money-laudering in USA banks?
cointelegraph.com/news/115861/onecoin-a-voice-from-inside-is-there-underground-circles-in-bulgaria
All said with a “wink and a nod”
I believe Ted has crossed the line. It appears you do not.
Dooley noted. 🙂
Ken Labine just made this post on his Facebook page. He is using the “credibility” of Ted’s website to promote what is an obvious ponzi scheme.
Say what you will, but in the real world of ponzi scheme promotion, Ken knows what he’s doing. He knows most will see this post as implied credibility for One Coin and will help him line his pockets in the process.
That is how the game is played.
Remember Dawn Wright-Olivares of Zeek was a previous winner?
Let’s watch history repeat itself.
Decided to look up who is the supposed principal of One Eux, Gilbert Armenta. Search engine says:
LUCIDITY LLC
Inactive, FT LAUDERDALE
ONE EUX, LLC
Active, FORT LAUDERDALE
E OLIVER CAPITAL GROUP INC.
Inactive, FORT LAUDERDALE
FATES GROUP LLC
Active, FT. LAUDERDALE
ARMENTA REALTY HOLDINGS LLC
Inactive, FT. LAUDERDALE
MIO GROUP INCORPORATED
Inactive, FORT LAUDERDALE
EOCG I LLC
Inactive, FT. LAUDERDALE
CARIBBEAN ATLANTIC TELECOMMUNICATIONS INC.
Inactive, FORT LAUDERDALE
E OLIVER CAPITAL GROUP LLC
Inactive, MESA (AZ)
FI SERVICES, LLC
Inactive, MIAMI
Fates Group has the same address as One Eux, Suite 1900. It missed an annual report in 2014 and was resurrected in 2015.
Looks like a proxy owner (puppet president).
Another name that kept popping up is Adriana Maria Ryan, whose business is the same Suite 1900. She was a real estate agent (permit expired), so she’s probably a former tenant.
But so many people using Suite 1900 suggests that this building, offered by NGKF as a “Corporate Center”, was PREVIOUSLY used by Regus which then relocated itself down to 1700 at time unknown.
No, I have no proof of that. But so many people using 1900 suggests it was used at one time as a Regus-type mail drop. And since Regus is in the same building, all signs point toward them having moved floors.
One more possibility: this was a proxy address used by a registration company.
I looked up a previous tenant “Trilogy International Marketing LLC” of suite 1900. They don’t exist in Florida. All three principals are in Bellevue WA, according to Florida business records, and they are still active, even though the FL address is clearly invalid.
They were registered by “Corporation Service Co” of Tallahasse, FL.
IMHO, Armenta guy simply registered a biz based on his older registration address, not caring who’s at the address now (never occurred to him that address may be rented out, maybe).
Here’s one of the reasons for why I find Ted Nuyten “acceptable” — Troy Dooly’s April 2012 “Network Marketing Business Journal” video (a subtitled copy of it).
youtube.com/watch?v=VFM_8cPXfYY
I believe that video was one of the major reasons for why he, well deserved, was fined $3,000 plus $3,000 disgorgement plus an injunction. SEC probably received a number of complaints from net losers.
M Norway – I thought we had pretty much put this matter to rest.
I do not find Ted Nuyten’s involvement in the promotion of One Coin acceptable.
You obviously do.
We disagree. It happens.
Hi,
As for the banking Contact for the European Investors, I mentioned earlier, One Coin uses the Company name IMS GMBH. Are y6ou interested in the companies called IMS GMBH thar I found?
I got some info for you, could be interesting:
Sebastian Greenwood was involved in multibillion euro pyramid scheme called Unaico (now rebooted OPN) with social website called Sitetalk. One of the co-founders was Frank Ricketts who is now the CEO of OPN and SiteTalk.
I am a former polish member of the company and it just occurred to me that IMS (International Marketing Services) was a company owned by Frank Ricketts.. That is what I always thought at least and I am a bit surprised to see this name come up in OneCoin but the connection is there: Greenwood – Ricketts – Unaico
Here is what you can find in the OPN Backoffice if you wish to transfer money to the company’s account (pasted):
It is the same company and the same bank.. only the account number is different.
OneCoin is growing in Poland which is sad of course. I will let you know about it’s progress..
cheers
I’d be hardly surprised with OneCoin relying on Sitetalk contacts. Their available banking channels are shrinking and they need all the help they can get keeping withdrawal channels open.
That may run afoul with European KYC regulations, if members starting taking money for other members. Members doing so may be investigated / audited for potential money laundering.
Seems OneCoin is relying on others as they can no longer operate their own accounts. We may be seeing the end soon.
Well I hope sooner than later the law catches up with this OneCoin scam. Some people shove it in my face that am not wise not to invest in OneCoin. An end to their frivolous false operation of OneCoin would help them see that not all that glitter is gold.
I’m familiar with UNAICO / SiteTalk / etc.
It wasn’t a “multi billion euro scheme”, they only pretended to be much bigger than they were.
I posted something about fake members in an old thread.
At for the Florida Bank and the Company name One Eux ltd OC used there, I heard that the Florida Bank did not approve of One Eux and transferred Investors Money back.
First I’m hearing of this… will keep an ear to the ground.
interesting.
onecoin affiliates are claiming that onecoin tied up with a US bank because onecoin is planning to launch in the US again. apparently they are awaiting ‘clearance’ from the US govt.
yeah, because the US govt stands around giving ‘clearances’ to companies to operate i its territory!
meanwhile, thailand affiliates have a problem with withdrawals:
but, ruja ignatova was recently in thailand, searching for new investors to her scamcoin. did she tell them about the KYC requirements?
a new update on the KYC requirements of onecoin:
o my. now you need authorized translators and legally notarized KYC documents!!
goodluck to onecoin investors for getting any money out of ruja’s ass.
investors will just get blamed for not being in compliance with onecoins KYC and rujamma Gets To Keep All Their Money. Yay!
I saw this too about the authorization! I am a lawyer and have often documents getting authorization. Officially, only the authorized copy of a doc. is the authorized copy. So OC should let investors send those aut. Copies by regular mail. A scan won’t do. Probably lawyer Ruja did not discover that yet. But off course, this is not about authorizations or even KYC
I have tried to bring a discussion from the “About Behind MLM” thread to this thread.
behindmlm.com/about/#comment-352755
The discussion was about whether we can change how other people see things, specifically related to a OneCoin investor who plans to invest more money and “work the business”.
My argument was that if he already has made a decision like that it will be almost impossible to change how he sees it. I mentioned a “general rule” about it.
It doesn’t mean that it is impossible to change how other people see things, but most methods will fail. People will need to change it themselves, and they must first be ready for it.
Based on the information I got, that person is eager to “work the business” and isn’t ready for an opposite decision. It will be almost impossible to affect that decision.
@Carneades
You can try to use vague arguments like “this opportunity doesn’t feel right, so I have decided not to join it”.
That’s a method to avoid discussion about details, a method to avoid bringing in conflicting ideas too early. You will only need to defend your own choice and you won’t need to attack his choice.
It may give you a chance to affect how he sees it.
From my POV, you don’t have a fair chance if you follow “normal ideas” — e.g. if you try to tell him how “bad” OneCoin is as an opportunity. He must be willing to look into ideas like that first. If you use the wrong strategy then he will only put up resistance against your arguments.
That’s how PEOPLE work. They put up a lot of resistance against conflicting ideas.
So my conclusion is that you must first improve your chances to be heard.
If you build up your own resistance then you will also build up his resistance — if I have interpreted the situation correctly.
In network marketing, people will usually make a profit if they bring in enough other people. So OneCoin may be “the right opportunity” for your friend — based on his situation. He may know a lot of people that can be eager to join opportunities like that.
You won’t really need to focus on his decisions there. His decisions can be completely rational based on his own experience and how he sees OneCoin as an opportunity.
ARGUMENTS TO DEFEND YOUR OWN CHOICE
“It doesn’t feel like a good investment” will open up the door for a few more arguments about the investment — if he primarily focused on that part when he tried to recruit you.
It will need to be supported by WHY it doesn’t feel like a good investment. It will allow you to bring in at least one counter argument against the investment.
I have no idea of which arguments he focused on when he tried to recruit you, e.g. whether he focused on ideas like “the next Bitcoin”, “better than Bitcoin” or if he focused on some details.
I will need to know something about how he communicated it to be able to find the best counter arguments.
in my opinion, there is no effective counter strategy. This is just human nature.
Despite of a gentle approach, facts etc, they never gonna admit that they are wrong or rather “stupid” when they invested into Onecoin. In my experience, they are just keep repeating the many lies what they were fed, and you know, after a while they are belive it.
Even after the whole thing will collapse (and it will we all know that) they will blame you, the bank maffia, the government,whatever except themselfs. So arguing with this people is pointless.
I was talking with some so called “leaders” , one of them even admitted that he is very well aware what’s going on, but until he got his money he don’t care.. So, no comment..
@Carneades
I have listed these factors …
1. The general rule first. “It’s almost impossible to change how other people see things if they already have made decisions about it”.
2. Some details about it, e.g. that people only will put up resistance if you bring in conflicting ideas.
3. A conclusion that you don’t have a fair chance, if your idea is that you should try to change how your friend see something.
4. You should focus on your own decisions rather than on his. He may have made a rational decision.
5. If you want to affect how other people see things then you will need to be realistic about your own chances — e.g. those factors I pointed out about “resistance”.
We don’t see OneCoin as “worse” than many other opportunities. There’s a lot of individual viewpoints here. I generally see it as “fake” and “not very successful” — and as “difficult to sell” (many people put up the same type of resistance as you did).
That’s my opinion too. I started with a “general rule” as the primary argument. But I also tried to reveal some more details about it.
Here’s the initial question …
People generally brainwash themselves by repeating certain ideas over and over again.
His plans to invest more money can simply be a “sales method”, one of the methods he has been taught to use — e.g. a “show that you’re confident enough about it yourself” method. That doesn’t mean that he plans to sink more money into it or that he needs to be “saved”.
People are often taught to use themselves as example. I recognized most of it as “commonly used methods in network marketing”.
There are some identifiable ideas that may work. One example:
People are taught to focus on the idea that they are simply “helping people to make money” when they try to recruit other people — “the more people you help to make money the more successful you will be yourself”.
It may help them feel more relaxed about it. The idea of “helping people” won’t trigger any bad feelings. It may help the brain to accept something it normally wouldn’t have accepted.
It may also feel less “threatening” to the people they try to recruit than “hard selling methods”. And they will better be able to defend their own roles when people in downline lose money (“they simply didn’t help enough people”).
That same idea won’t work here.
He will most likely fail if he tries to help his friend to see OneCoin as it really is.
There are some, but it involves preying upon the guy’s instinct for self-preservation and well as his sympathy for people who’re NOT “making it”, even though they had followed the system.
Self-preservation doesn’t kick in until things have gone “pear-shape” which is why Ponzi schemes always try to delay the inevitable collapse by hiding facts, making promises they can’t keep, etc. You have to appeal to victim’s self-preservation, not by appearing doubtful (they’ve been “poison-well’ed” by “avoid negativity”) but by appealing to “what if something goes wrong? What’s plan B?”
And if s/he is already “successful”, s/he may have witnessed some things that puts the success in doubt, such as underlings / recruits struggling.
Then ask “what did that recruit do wrong? You have to figure it out to help him/her”. If there’s NOTHING that was wrong… then clearly his/her own success was a fluke, an illusion.
The idea is to simply steer them in the direction where they realize they’ve been under an illusion, instead of trying to shatter their “reality”. It will take time.
The best way is prevention: teach kids to understand how lies work, how to evaluate stuff you don’t understand rather than just take someone else’s words for it, and hopefully they remember the stuff after they grow up.
In a way, MLM cults work much like ISIS… they both prey upon the needs of the needy by promising them something greater, grander, with recognition and prestige and adventure, only to be kicked aside when they have no further use.
amlmskeptic.blogspot.com/2015/12/how-mlm-cult-is-like-isis-and-how-to.html
Hello!
Actually my friend has some amount of psychology training (about BA level), so I really wonder why it doesn´t do him any good.
He never tried to sell *ME* this thing, he is perfectly aware that I believe that sound investment decisions are boring and do not need or create enthusiasm, and where I encounter “enthusiasm” I am off.
I understand your arguments about the indirect method, but it wouldn´t really work for me. I am more the direct (level bombardment) type, anything else wouldn´t really feel credible to anybody who knows me.
However, deep within himself he probably knows that he has gone nuts and this is self-destructive behaviour, so I hope he comes to sense before he has irreparably damaged his financial situation.
“I don’t think OneCoin is a good investment. It’s not accepted as a real cryptocurrency by other people than the OneCoin members themselves — neither by merchants, consumers, investors or miners — so it can’t be compared to Bitcoin. It doesn’t really have any market value outside the network itself”.
I would have used an argument like that, with a focus on the investment. But I’m business educated, so I will focus on factors relevant to business and trade. That may not be a good idea.
You will need genuine arguments you can put into a normal dialogue. It’s not a good idea to repeat something you have read online.
I will sometimes manage to find that “deep within himself”, but that isn’t very often. 🙂
I have tried many different methods for “how to change how other people see things”, but they have generally not been very successful. So I have adjusted myself to that reality.
In most cases, people will simply defend their own choices and they will put up more and more resistance against arguments.
I have got that idea. You want to “bombard him” with unbeatable arguments that clearly will show him that OneCoin is something he should avoid — “to bring him back to reality”. And those arguments will need to reflect you, how you see it.
Try this one …
“I see it as a poor investment and a poor opportunity. I’m deeply worried that you will bankrupt yourself and hurt a few others. I don’t think you should sink more money into it. I believe you have been brainwashed”.
“Ruja Ignatova is an ‘issuer risk’ on two legs, the first thing an experienced investor should look out for and avoid”.
I know it isn’t perfect, but I had to start from somewhere. That one is very close to your own description.
@Carneades
I got all those elements from your own posts in the other thread. I only added that OneCoin also can be seen a poor opportunity.
It actually illustrates my point … it’s rather difficult to get other people to accept conflicting ideas.
People usually have complete “movies” of what they want. They have visualized the whole process — the whole dialogue plus the reactions to it — where something deep within himself will recognize the correctness of the arguments and make him change his decisions.
I didn’t really have a fair chance when I tried to bring in some conflicting ideas. I first had to bring the ideas closer to the ideas you already had. That’s how it usually works.
I see what you mean.
However, do consider this:
If you can´t change other people´s thoughts *at all*, then scams would be entirely impossible.
In psychology, I tend to rest on the assumption that there is usually a grain of truth in both extremes -people are totally intractable; people are totally malleable-, and then I split the difference.
You CAN change how other people see things. I tried to show you how difficult it can be. The so called “general rule” may sometimes be a better choice.
You may actually have a fair chance with your own method if you have known your friend for years (if you are on the same wavelength as him).
The problem is that he already has invested money, and he will need to protect those interests too. He can’t suddenly decide to quit.
Here is some crazy crap going on. You have this HUGE leader Glenn Smith, and he is showing off his fat belly on stages across the world and guaranteeing people money. Spamming people’s Facebook, whatsapp, Viber and whatever showing off videos of him splurging money.
It’s sad seeing people in the industry of network marketing who are showing off their money, but don’t do nothing to give back to the poor.
It’s even more upsetting seeing fat slobs like him and sounds like he’s always got food in his mouth, or showing off his chest with a belly. How are people goofed by guys like him.
There is no proof of OneCoin sending money to fundraising facilities, and now they are in Dubai spewing money everywhere with the likes of Juha and Pehra.
The fact that they are playing the hold game on the KYC documents shows that they are not serious. Members are asking for their KYC to be approved and there is A HUGE lack of communication to the members about getting their KYC approval. What in the world is going on!
Can these thieves like Glenn Smith continue to take people’s money and use up their money for their personal gain? While people are still waiting for this so called approval of KYC?
If this company is that great, hire more people or outsource to get people approved!
Serious companies (like my Bitcoin Exchange) do the KYC-procudure Before people invest.
I am convinced that all Scandinavians and French get their KYC refused. In those countries nearly everyone has either a name that has sisgns it it that are not considered ‘English/Latin’ letters: Ö, Å, É….
Fortst it takes 2.3 months to get an answer to KYC, then some will start the costly way to let their documents translate to English, then thet submit them to One coin.
It takes 3 months or so for OC to look at them and in the meantime the ‘company’ disappears. That is whtat I foresee.
I would NEVER send any documents to anyone or a company who would not themselves give verifiable name and address details first.
They have people’s money, so people feel they have no choise.
Interesting how lay people “guess and forsee”. Maybe it’s because of their BitCoin relation. Wise people would check the facts before opening the mouth.
Meanwhile is there a bank in Germany, a country with one of the most regulated banking sectors.
As a friend of cryptocurrencies whether Bitcoin or something else I would SUPPORT the idea of any independend money instead of supporting obstinate rumor-mongers.
Do you know what’s blockchain and how transparent it works at all? Do you heard about Onecoin’s audit regarding this by a sworn auditor or did you even read it?
It’s fair enough to be skeptical but please check and think before “guess and foresee”.
No need to guess, OneCoin’s business model is public.
OneCoin use newly invested funds to pay off existing investors, making it a Ponzi scheme.
Probably. Banks can be found the world over.
Sure. But what does that have to do with Ponzi points?
Whose blockchain? OneCoin’s? Transparent… lol.
Yup. Their auditor quit because they realized what was going on.
I might be stupid, but doesn´t OneCoin have to publish some kind of annual report or document of an economic audit?
I´m not so into laws and regulations but there seems to be impossible to find any useful information about anything regarding this company.
Everything from the company vaguely promises roses and all independent sites screams “Scam”, which i´m personally sure it is.
Would be fun to track the funds of those offshore banks that is rumored to invest heavily in OneCoin…..
Also i´m looking forward to read the next number of FinacialIT (financialit.net) where an article is supposed to “praise” onecoin and the founder…. Will be very exiting to compare the article to what the site offers as advertising:
Nah. After lying about registering with the SEC they bailed out of the US (lawyers probably advised them supplying the SEC with evidence of a Ponzi scheme wasn’t a smart idea).
As it stands they operate from Bulgaria, but most of the business side of things appears to be handled in Asia (Hong Kong). Makes it difficult for regulators, with Both Hong Kong and Bulgaria not known for prompt Ponzi investigations.
And of course OneCoin aren’t registered to offer securities in either location, let alone anywhere else in the world.
I’ve been following this for almost 12 months now, myself (I may have been the first to contact SEVA directly and reporting the findings, after smelling something fishy about their “partnership.).
BTW: Oz, Ben, and many here have been doing a great job! But, I just thought of something bigger and POSSIBLY MORE DEVIOUS:
Perhaps their ” KYC” procedures will be used to add insult to injury after stealing everyone’s money! Perhaps KYC is capturing all these credentials for a second scheme of Identity Theft once Onecoin is long gone!?!?!
Thoughts??
It’s a possibility sure, but let’s not get ahead of ourselves.
Oz,
I owe you an apology . . . Can you please contact me? – You have my email address.
I will read through all this new information on the switching up of banks you have provided here. – But it appears YOU are RIGHT and I was WRONG, Ozzie-Oz….
Forgive me for all my WIZARD OF OZ jokes! – They WERE FUNNY, though!
And ya’ gotta’ admit: Finding Toto oughta’ be your FIRST priority! I like your style, though . . .
All joking aside…. I must admit, I am constantly doing my own research…
I joined the Company, but did not sign up anyone yet. I have been studying it diligently.. and was not finished, it seems.
Now, I, myself, see that things are not adding up. And that bothers me.
I promised you when I get answers, I will revert back. Now this…. with the banks. . .
The other day, I STARTED to do a presentation on OneCoin as a Cryptocurrency at a Russian Business Club at Gloria Hotel. There was an agent from DIFC there here in Dubai.
I thought he was rude as can be and way off base. And yes, he was and is rude as can be, but was not as far off base, as I thought.
Only partially… It seems he actually KNEW more than me about the whole structure of OneCoin.
I was not privvy to this information yet. I planned on making a trip over to Corporate but have yet to do so.
So, I take back all my statements in defence of OneCoin.
Everything needs to be legal-proper, transparent and rock-solid. The comp plan needs to be sustainable, otherwise, it is catastrophic.
I was wondering about that… It was just unbelievable how they could pay out so much, and keep doing so! . . . I want nothing to do with any which scam.
I just wasn’t finished with my research, and trusted my upline. But things are not adding up.
I will continue to do my research, and will not sign up anyone. First, I need to get all answers on all my questions and concerns. Then I will know exactly what to do.
It is true: the first email I sent was to Nigel as I began my research, who was then the President of the Company. But it bounced back.
That, I found odd, but did not have time to follow through on that. And yes, it is also true that there was no replacement for him.
When you said that…. it woke me up. Now this with the switching up of banks has sent up red flags!
I am always all for helping the common man earn money, and make it in life! But the compensation plan must be sustainable and everything must be legal-proper.
I have ZERO tolerance for fraudsters and scammers! All they do is HURT PEOPLE horribly! They are UNCONSCIONABLE FIENDS and should all be locked up!
So now, I am re-assessing and re-grouping…. I will do my own full-blown research, and will springboard off yours.
I stood to be corrected, Oz. So, I’m sorry. I come back to you …
I need to get to the bottom of things. And don’t like that there is no Management Team up with contact info. That always makes my antennae go up.
I just thought they were re-structuring…. But it seems not.. as there is no word on that!
Kindest Regards,
And Humblest Apologies.
Now I need to go apologize to Ethan who I really whacked hard! That is just my nature as a Defender of Human Rights!
I love the little guy, and love to help people, rushing to their defence… In this case, I rushed too quickly, when it wasn’t warranted.
Will revert back after reading through this and doing some more research.
Angelina Lazar
Hi Angelina, no need to apologize. I did run a search for your name in the comments but nothing came up? (I might have marked it as spam if it was too inflammatory)
What exactly transpired between you and the DIFC agent?
Not sure if the Lazar commenter above is a troll or not.
Here’s how Lazar described the recent Dubai recruitment event on Facebook less than 24 hrs ago:
facebook.com/angelina.lazar/posts/10154728528390260
Lazar if that is you, post something on that Facebook profile reflecting it. Otherwise I’m deleting the comment as a suspected troll within 24 hrs.
what! i was almost floored by the ‘genuineness’ of lazars post. and that ‘ozzie-oz’ bit, was so damn cute 🙂
what lazar! i loved your ‘wizard of oz’ jokes even without reading them!
aw aw aw.
C’mon… c’mon… c’mon… Hey, Oz, I found Toto!
We’re half way down the yellow brick road, so come meet us.
Yes, it’s me. – I’m real. No troll, although they very often think that.
I organized a Leadership Training Week in Dubai last week, and a lot came out of that, to my great surprise.
I just thought that backstage powers & international banksters were seethingly jealous over OneCoin’s pre-empting move to launch their own sovereign global cryptocurrency, where people can finally be in control of their own money!
I love that concept, for sure! As I am all for the ‘little guy’, as a Defender of Human Rights worldwide . . .
But…
It is extremely important to me that the business opportunity is rock solid, the management team and board of directors integritous with serious expertise, the comp plan sustainable, and everything transparent and legal-proper.
I was hurt before in the past when all that wasn’t in place, so have an eye for this sort of thing.
So, what to my wondering eyes did appear, but some loop holes. Loop holes that I need to see plugged up, and corrections made.
It will come to me, making a trip to Corporate Headquarters to ask my own hardball questions and assess for myself the whole matter.
As for the DIFC low-life agent, who was slithering about, he could have had some class and dignity, but got a big ‘0’ from me on that one.
All the same, I have to admit that perhaps, indeed, he already has more information than me, so I’ll give him a brownie point or two for that.
Actually, I picked up some good solid questions from you & him and his 2 buddies that were there to ask Dr Ruja. I was just totally trusting my upline. But here’s the thing:
1) I need to see a Board of Directors with their bios & contact info.
2) There needs to be transparency about things, instead of keeping quiet on all the issues they are having.
3) This Mastercard issue is a big issue as well as the bank(s) issue. Payouts must occur in a timely fashion, and again, they must be sustainable.
There are other things, as well, but I will rather bring it right to Dr Ruja, find out, assess and relay.
IF this Company thinks to do everything legal-proper and it’s rock solid and actually has a sustainable comp plan, I am all for it, as it will sure help people out of debt and to earn a serious income in record time. Then I will promote it bigtime, but so far, I have not signed up anyone, as I am still researching it.
If, though, things are amiss, and there is a definite lack of integrity; it is a fly-by-night company, with an unsustainable comp plan, you better believe, I will publish my conclusion and assessment and will warn everyone to stay far away.
Right now, I am getting info on both sides, and it is not adding up. So I’m stationary, with my antennae up, collecting more information, and plan on paying a visit to Corporate very, very soon…
You’ll be hearing more from me. But for now, gotta’ get Tota a bone. You’re nowhere to be found.
Best & God Bless!
xo~A
well, thank god!
you should read through all the onecoin articles on this blog, and prepare a more exhaustive set of questions for onecoin ‘corporate’ to answer.
if your’e really going to meet ‘corporate’ face to face, arm yourself to the teeth with information!
Still waiting for that proof Oz asked for…
Hey Ken Labine….you paying attention dude???? Seems to me that behindmlm was right again!!! Try explaining that in one of your videos!
There is no “world government”, therefore there can be no “sovereign global”. You’re just regurgitating PR word soup at us. Please come back when you find a brain.
FAO Ken Labine the OneCoin Scammer – He’s in for a Beating…