onecoin-logoOneCoin’s ongoing banking problems have taken a sinister turn, with the company potentially shifting criminal liability onto some of its affiliates.

After losing their last bank account, OneCoin was unable to secure a legitimate banking channel to process deposited affiliate investments.

This quickly lead to grapevine promises of a solution “coming soon”.

Recently the OneCoin backoffice has been updated to reflect a solution, with select affiliates themselves processing new OneCoin investment deposits.

The OneCoin backoffice now displays the following message when an affiliate attempts to deposit funds via bank wire:

Following your bank wire request to purchase the Starter package, the OneLife team would like to kindly refer you to an official OneLife member for your region who will handle the payment for you.

This procedure is necessary so that we can ensure that your payment will get processed effectively and on time.

You can use the bank wire payment by contacting distributor:

Depending on the country the affiliate wishing to deposit funds is made, a different email address is provided for contact.

The email addresses are numeric in nature and do not disclose the chosen OneCoin affiliate(s) managing them.

Whether affiliates who contact the provided email addresses are made aware which OneCoin affiliate they are depositing funds with is unclear.

This turn of events adds a level of organized crime to OneCoin’s already fraudulent business model. Local affiliates who have signed up to handle OneCoin investment payments are now operatives in a global money laundering scheme.

This separates them from regular OneCoin affiliates, who progress no further than investors in the scheme.

And if you’re wondering why a OneCoin affiliate might take on potential criminal liability, there’s likely a commission attached to each payment processed. Either that or secret backroom deals will see base-salaries paid out to affiliates willing to expose themselves.

Either way the goal appears to be to distribute incoming deposits into OneCoin, so as not to trip global money laundering filters as easily.

It’s much easier to replace an affiliate who ruins their own banking relationships in a country with another affiliate, than OneCoin itself having to create bogus shell companies to temporarily fool banks.

How this system will work in the long-term is unclear.

I figure eventually affiliates who have signed up to accept payments will have their own accounts shut down. What happens then remains to be seen.