OneCoin investment packages approach a quarter million Euros
Last week OneCoin announced they were introducing a new €188,888 EUR “Supreme Trader” package.
On top of that they’ve now introduced a Super Combo package, coming in at a whopping €225,500 EUR.
Further stretching the “affiliates are buying education” fiction, OneCoin’s new packages contain the same “educational” PDF files as their €5500 EUR Tycoon Trader package.
The only difference between the packages are the amount of Ponzi points an affiliate receives, however OneCoin maintain they do not directly sell OneCoins.
At the time of publication, OneCoin represent that one OneCoin is internally worth about €6.8 EUR.
Outside of the OneCoin business opportunity however, the value appears to be much lower.
Spice Village bill themselves as a “modern Pakistani/Indian buffet eatery” in London, UK.
On their website, Spice Village advise they “accept cash only for now”. Recently the eatery has put up OneCoin marketing posters up in their shop windows.
MuroBBS member c-mo reached out to Spice Village and was told that the eatery does indeed accept OneCoin as payment.
There is a catch though. While Spice Village do accept OneCoin, they do so at an exchange rate of 100 OneCoin to £1 GBP:
A buffet meal at Spice Village is £13.99 GBP, which means a OneCoin affiliate would need to transfer 1399 OneCoins to the Spice Village owner to eat one buffet meal.
At the current OneCoin internal exchange rate, this comes to €9513 EUR.
So as a patron you either rock up to Spice Village and pay £13.99 cash for your meal, or log into your OneCoin backoffice and transfer €9513 EUR (£8572 GBP) worth of OneCoins.
More pointedly, Spice Village have set the value of one OneCoin they’re willing to accept at £0.01 GBP. That works out to €0.011 EUR per OneCoin, which is just 0.16% of the internal OneCoin value of €6.8 EUR.
A BehindMLM reader recently reached out to OneCoin to ask how merchants can accept OneCoin as payment.
OneCoin support informed them that
OneCoin cannot still be used as a payment method as it is still not in public.
Once the currency is available in public, it will be officially announced to all our members.
OneCoin’s current timeline sees them promise to go public sometime in 2018. The company had previously promised to go live with 500,000 merchants by April, 2016.
With OneCoin confirming OneCoin cannot be used as a payment method by merchants, you’re probably wondering how merchants like Silo Sushi in Queensland, Australia are accepting OneCoin then.
The answer is they aren’t. The owners of merchants like Spice Village and Silo Sushi have signed up as OneCoin affiliates.
A OneCoin affiliate can go to these businesses and in exchange for a service (a meal in these instances), login to their backoffice and transfer OneCoin points directly to the business owner’s OneCoin affiliate account.
The business owner then writes off the cost of the meal in real money as a fiat currency loss (unless they’re one of the few able to actually exchange OneCoin for real money internally).
How this works with respect to local tax laws is unclear. But I’m sure the handful of business owners who have attached the OneCoin Ponzi scheme to their businesses have sought competent financial advice.
I mean it’s not like accepting OneCoin Ponzi points under the table won’t come back and bite the business owners in the ass, right?
Thanks for the artice! Couple of points:
– It was MuroBBS member c-mo who contacted Spice Village and got the answer. murobbs.muropaketti.com/posts/1717991473/
– I would have preferred the topic to be something like “OneCoin payments not possible until Q2 of 2018”, because that is huge news what the OneCoin Support spurted out. Yes the Super Combo is news, but it is only 37 500 EUR more than Supreme Trader.
The real shockers are:
1. Payment won’t be possible until OneCoin goes public, says OneCoin support. This happens according to Ruja Q2 2018.
2. MAB apps can’t be used for OneCoin payments. And following the point 1, this wouldn’t come before Q2 2018 even in theory.
Also the fact that MAB apps can’t be used to pay with OneCoins was verified separately in the new Staffan Liback YouTube video: youtube.com/watch?v=9I0c__h2KOE&t=258
Btw, the whole Facebook group “Onelife- Global & Merhants” where the Spice Village picture was originally posted, was removed.
You can still find the Spice Village picture at least here: facebook.com/photo.php?fbid=10208387613906939&set=a.2054623044198.2107155.1203231920&type=3&theater
Thanks for the clarifications. I lead with the 225,000 EUR package because it’s by far the highest Ponzi package the MLM industry has ever seen.
The audacity is pretty remarkable at this point. I mean shit, those are some pretty gullible ballers.
Mates… Just laughing me ass off. I run a successfull cleaning business Down Under and cant imagine the impact of accepting this Salty Coin..
So many Fake Cryptocurrencies out there…
@oZ, small mistake:
£0.01 is 0.011 EUR according to Google. Not 0.09 EUR.
Google rounds up. I used the 1 GBP = 1.11 EUR exchange and punched it manually into a calculator.
Yes, so shouldn’t £0.01 be then 0.01 EUR, not 0.09 like in the article.
Fuck I hate math sometimes. 0.01 GBP * 1.11 = 0.0111. Thanks for catching that.
I initially hit publish and totally forgot that England uses GBP and not EUR. Had to quickly do a bunch of calculations post-publish and thought I had it all figured out correctly!
Ruja’s announcement that OneCoin plans to go public the 2nd quarter 2018: youtube.com/watch?v=WI6l4N4MQaE&t=11099
According to OneCoin Support, payment won’t be possible until then.
One of my favorite Ponzi Pumpers is Jason Richard Mangan.
Well Jason, it all sounds just peachy. Except you left out the part about you making a living by stealing money from my friends, business associates and social media contacts via Ponzi Schemes like OneCoin.
I never post a single word about OneCoin not being registered to even be in the USA.
And, then there was this little pearl of wisdom.
Thrilling indeed! Did you bother telling them about the final part of the ride? You know where the cars jump the tracks and crashes to the ground?
I would love to hear from any of the OneCoin USA Pumpers (on the list below) about this most recent 250,000 Euros Package!
Tom McMurrain
Sarah McGee
Glenn Smith
Carl Wilt
Ken Labine – Canada but recruits investors in the USA
Kevin Foster
Sheri Hilliard-Pearce
Jason Richard Mangan
Joseph W Piper
Jodi Tressler Greene
Keith Bliss
Stan Harris
Stupidity and ignorance is not an excuse for what you and your “family” are doing to so many.
this is how silo sushi has announced that it will be accepting onecoin:
it becomes obvious that silo sushi is not a ‘merchant’ accepting onecoin but just a onecoin affiliate who can make onecoin transfers within their up/downline.
so the claim that onecoin can be used as payments is just a sham.
you can go to silo sushi and and along with your meal have the owner breathing down your neck asking you to join onecoin under him! must be pleasant experience!
NO merchants till 2018! haha this is just crazy news! WHY will anyone invest in onecoin? the only way of earning anything is via recruitment and the few and far between times that affiliates are able to encash a few ponzi points on the fake exchange.
speaking of which, the exchange was supposed to be up and running yesterday but that hasn’t happened. ruja is running out of money!
Seems like the Silo Sushi owner has worked out how to accept OneCoins from affiliates not in their downline:
It’s going to be interesting to hear OneCoin’s response to this.
There must be a reason why OneCoin limits the coin transfer to the up/downline at the moment. Otherwise this would be allowed without tricks.
If this works, I wonder if the coin transfer limits are same or smaller than default.
but silo sushi has not clarified whether they accept onecoins for the entire bill raised.
onecoins will probably be accepted only as a part payment [10%/20%]. what is the exchange rate silo sushi is accepting. are they valuing onecoin at almost 7 euros? like spice village have they thunk up their own exchange rate?
It’s clear they are getting progressively more desperate. New “super splits” and all that ridiculousness. All signs point to an impending demise.
Check out what this poor bastard posted on their facebook page:
Funny and sad at the same time. OneCoin has ruined so many lives.
no matter how many super duper splits rujamama grants her affiliates, ultimately their investments are lost because onecoin will never be worth anything.
fat chance of getting your money back, but at least you can demand it back, complain to authorities and get this farce and fraud shut down!
Few points I’d like to make:
It is clear that Silo Sushi uses the back office “transfer coins upline or downline” feature. This only works if you’re the one that recruited the owner OR you’re one of the people recruited by Silo Sushi owner. And even then there are transfer limitations that start from 5 coins per day (starter) and top at 40 coins per day (Festival, Infinity and above). Quite far from the “future of payments”.
Spice Village was unable to give a solid answer in how the coins should be transferred but I suspect the same solution. However in their case the 1399 OneCoin meal will take days to transfer due to the daily limits.
Also: In Bangkok event they SAID that “already 500 merchants are accepting OneCoin”. In Facebook Kari Wahlroos said that he can “use his coins” at 1000 merchants.
This has been what all the “investors” have been waiting for and now they say that there cannot be those 500 merchants as the coins cannot be used as a payment, not even via MAB.
(Neither can they be used in those 1000 shops either unless with “his coins” Kari has referred to the millions of euros he has taken from the OneCoin investors during these few years.)
Third comment (sorry about the spam): Kari’s FB post where he says the 1000 shops where he can use his coins:
m.facebook.com/photo.php?fbid=10155359814302699&set=a.10150485126402699.392341.756092698&type=3
this is a conversation between mangan and a duncehead affiliate on oct 16th:
yeah, wait two years for ruja to make them rich! she’s already announced her slow fade-out act [i’m so preggers i’m going to hide at home knitting baby jumpers!].
it’s good that cabrera adds ‘Jr’ to his name, which explains his limited mental capacity!
A couple of points from the latest newsletter indicate that sale of accounts is pretty much outlawed
and their policy regarding signing up merchants is also controlled
The Cult aspect of this is now clear, exemplified by Latrine
@Oz
True and it makes sense, but payments not being possible until 2018 deserves its own post. Perhaps after MikeR posts the screenshot?
Like Ruja announced in the Bangkok event they are aiming for: One million merchants within the next 2 years.
Merchants signing up for an app that basically can’t be used for two years? An app that doesn’t allow their customers to make payments? And this costs only about 1 BILLION euros to onecoiners.
Wow, this is mighty attractive!
MuroBBS member dettol contacted another one of these OneCoin “merchants” which claim to support OneCoin, Drinks-Stop Whitchurch, asking about the payment with OneCoin.
Drink-Stop Whitchurch: imgur.com/OS1J1Ug
Drink-Stop Whitchurch answer screenshot: i.imgur.com/OTWlTJRl.jpg
Here is another picture of that “merchant”: imgur.com/VR7paLz
It seems the real usability of OneCoin with merchants collapses like a house of cards, when things are actually investigated further.
OneCoin representatives like to hype about merchants, making it seem like there are already lots of merchants where you can pay with OneCoin by posting pictures of these “merchants”, who in reality just take photos of the OneCoin logo in order to promote the MLM scam.
I really agree with this. This is the thing that OneCoin has been trying to keep quiet about. And this is the reason all communication has been so secretive and confusing. Leading to the fact that many OneCoiners believe that the payment system is just coming and the mobileapp can be used for OneCoin payments.
Well.. No. This is not happening even according to OneCoin until the currency will be made public, which happens according to Ruja, second quarter of 2018.
Of course everybody except the OneCoin members realize that this is a scam, a ponzi.
But it is pretty significant, that even the OneCoin believers have been expecting merchant shops to appear in thousands where they could fully use their coin.
The cold fact is this is not happening for a long time even according to OneCoin. And we know it’s not really happening ever.
Silo Sushi “New Bomb….
Posted 1h Ruja fb
m.facebook.com/story.php?story_fbid=578364992364136&id=465280963672540&__tn__=%2As
@MOI – please capture (cache) that whole page and comments! I sense an uprising underway!!!
so, the onecoin newsletter says you cant promote that merchants are accepting onecoin as the coin is not public, but ruja ignatova the owner of onecoin can post about silo sushi on her FB page?
that’s some double standards! so inspite of the newsletter’s announcement, it’s obvious affiliates are going to run around claiming gazillions of merchants are accepting onecoins, to attract more investors.
why is there this sudden excitement about merchants after the bangkok event? affiliates could transfer coins to their up/downlines even before bangkok and the new MAB has nothing to do with the transferring of coins.
nothing has changed on the ground for onecoin affiliates to build this hysteria that ‘merchants’ are suddenly now ‘accepting’ onecoins. such a bunch of bullshit artists!
Labine is finally back in action after a nearly month long hiatus. If the Canadian Competition Bureau is not already tracking his every move (OneCoin is in clear violation of Sections 55 and 55.1 of the Competition Act), than perhaps they might be interested in seeing him LIVE in stage, now that he’s established his calling as a true leader of smaller and aspiring ponzi pimps.
EDMONTON EVENT 🙂 Saturday Oct 22, 2016
Time: 10:30-11:30
Location: Quality Inn on 178 St and Stony Plain Rd
Topic: “Business Opportunity Presentation”
FOLLOWED UP BY 🙂
Team Leader Training/Meet and Greet 11:30-1:00 (Guests are welcome to stay and learn more) {TT: uhhh, I’m sure they are, Ken}
Ken Labine IMA@OneLife
Maybe Labine can even evade arrest, so long as the Competition Bureau isn’t “too stupid to believe Google over him.”
I wonder if he’ll explain the very wide range of “educational opportunities” which this non-accredited company from Bulgaria (or is it Gibraltar? Or Dubai?) offers, ranging up to 5,500€ for one “Education” package, or 225,500€ for ….the same ….package(???)
Maybe the Competition Bureau themselves will be interested in investing, bring that OneCon IS “The Future of Money” and all? They can probably afford it. You can call and ask them at: 819-997-4282
…oops. That was BigCoin :/
OneCoin is “the Future of Payments.”
The faaaar future, apparently.
People should note that this is not really Ruja herself posting these.
It’s a “Non-Profit Organization” -page where I suppose any onecoinist can write news.
It’s so blatantly a scam. How are people with the ability earn money falling for this? Everything they do is a red flag in such a blatant way.
Sushi shop swamped …
Onecoin the future of brain-deads!