OneCoin payment delays triggered by Hong Kong account closure
Almost immediately after news of OneCoin’s Hong Kong bank account being shut broke, the company pushed out an announcement about payment delays.
In light of ongoing closures, OneCoin had opened an account with China Construction Bank (Asia) Corporation Limited using the shell company name Foshan Everbright Import & Export Company Limited.
Two weeks later the account was abruptly terminated. To date OneCoin haven’t informed affiliates whether the account was shut down by Hong Kong police, the bank or the two working together.
What we do know however is that OneCoin affiliates can now expect long withdrawal delays.
A notice in the OneCoin affiliate backoffice began appearing yesterday.
It reads;
Dear member,
Due to technical difficulties in banking processes some transactons may be delayed.
We are working on resolving the issue as soon as possible.
We assure you that all accounts will be activated and will receive the split and double coins they are eligible for them.
Please excuse us for the inconvenience.
Whereas the real money side of OneCoin is in limbo, the Ponzi points back-end is chugging along with no problems.
And why wouldn’t it? It’s not like the points script is pegged to any sort of reality (or real money).
You get a billion points! You get a billion points! Everybody gets a billion points!
As per the OneCoin affiliate backoffice, OneCoin does still have two bank accounts standing.
One with United Overseas Bank in Singapore and the other with Bank of Africa in Tanzania. Possibly due to transfer limits (or no withdrawals from these accounts), OneCoin seems unable to meet its withdrawal needs with these accounts.
Another possibility is, what with the magic doubling of affiliate OneCoin points (at an internal value of €6.9 EUR each), that OneCoin has or is about to run out of money.
OneCoin’s social media profiles meanwhile continue to be inundated with complaints from affiliates wondering why the company can’t process ROI withdrawals.
But why should 1 withdraw 10 One coins a day? I really don’t understand that concept cz it’s not working for me as I need my whole sum of money. ..now I invest a large amount of money but can only withdraw 10 coins per day. ..that’s not fair.
When I join one coin there was no educational package in June 10th 2016 it was till July then education package come out they only does this later on if dr ruja goes court she will say it was educational package not investment these ppl are cleaver and make millions where we make nothing ..
other truth is KYC is cuz ppl in Bitcoin gangers and drug lords have coins there dr Ruja don’t want this happen to onecoin for here own safety, cuz if onecoin crash then dr ruja and her team will not see another day ..
all the splits and everything is control by onecoin no proof of block chain no servers .. hard to believe these ppl.
Return my invested money immediately.
My coin not selling why?
And those are just a selection of comments OneCoin hasn’t had a chance to delete yet.
Stay tuned…
d17oy1vhnax1f7.cloudfront.net/items/2R041P0T0S2n170B2a0J/OneCoin_notselling.jpg
Tom McMurrain, the criminal who got a 7 years prison sentence because of frauds (and sit in jail over 5 years): bizjournals.com/atlanta/stories/2005/10/10/daily23.html
Lecturing people why OneCoin is so great: facebook.com/alambabar/videos/10209045224782820/
So he is comparing OneCoin, which claims to have the biggest community and biggest marketcap, to BitCoin’s first 2 years. This is wrong in so many levels.
Why he compares current situation where the whole cryptocurrency ecosystem is much more evolved to the situation when BitCoin was born? And these poor people are of course buying this explanation and everything else this criminal is saying.
It seems Tom McMurrain really doesn’t want to stay away from jail for some reason. I hope on the next round it’s a minimum of 20 years for him.
Here you can read about Tomas Storås. Turku Finl.
writing his Bachelor’s Thesis on One Coin.https://svenska.yle.fi/artikel/2016/10/22/experter-varnar-kryptovalutan-onecoin
Article is published by YLE, Finland’s national broadcasting company.
Lets put a direct Google Translation to english link here:
Experts warn of cryptocurrency OneCoin
Just found this show which has been covering some of the OneCoin scam in multiple episodes 🙂
buildingfortunesradio.com/scott-johnson-peter-mingils/
@Tim
That’s Peter Mingils, was involved in the promotion of Zeek Rewards at a DSA event IIRC.
Angelina Lazar: Presidents of Serbia, Bulgaria Took Bribes From OneCoin. My War Against OneCoin, Part 2.
Corruption between Ruja & Presidents of Serbia and Bulgaria???? Really a breaking news!!! Wow! Onelife is really wonderful life haha, not only money laundering, deception but not involve government level bribe crime!
cointelegraph.com/news/angelina-lazar-presidents-of-serbia-bulgaria-took-bribes-from-onecoin-my-war-against-onecoin-part-2
embarrassing article to say the least. reads like fiction from an over-imaginative and possibly unhinged mind.
so, whats up with coin telegraph? is there some pressure to churn out articles that writer iyke aru will publish any glop?
if onecoin is a fraud and a scam, an article like this one makes onecoin critics appear like a bunch of crazies.
this article is a disservice to the fight against onecoin on several forums and instead of publishing such wild unsubstantiated claims the coin telegraph should shutup if it has nothing of substance to say on this topic.
just lost a whole lot of respect for coin telegraph, shall treat it as a gossip rag in future.
i had written to the united overseas bank, singapore on the 22nd, providing them with details of the account onecoin has with them and asking why they continue to host a ponzi scam.
they responded on the 24th saying:
i think this is one of the oldest accounts onecoin has used? just how much time does UOB singapore need to see the suspicious high volume transactions in onecoin’s account? do they know how to google ‘onecoin’ so they can check how the whole bloody internet is screaming onecoin is a ponzi scam?
seems UOB singapore is enjoying the cut it is earning from ponzi money. they probably feel safe from litigation and being held to account due to international jurisdictional complexities.
well, i’ll just write back asking UOB not to be so patient and understanding with onecoin and behave like a responsible bank. since it seems like their staff cant google, i’ll provide them with links to onecoin articles here.
deutche bank [germany] and the CCB [hongkong] could perform some due diligence and shut onecoin’s accounts in a matter of days or weeks, but the UOB is sitting on its lazy ass asking for ‘patience’!
I agree with you.
At least Tim and I, and some 3rd person have already commented that CT article on its comment section, pointing out that we do not agree with the style and wild unsubstantiated claims in that CT article.
Actually Tom McMurrain already used CT in his London presentation as an example, saying that CT gets 20% of its traffic from OneCoin-related articles.
Tom McMurrain is a total criminal scammer, but he’s probably not very much wrong saying that, for once, and with articles like this where presidents and Interpol are getting bribes etc. without anything really backing it up, it it just easy to smear other OneCoin critics and critique as well.
And we know OneCoin IMAs and leaders are very good in smearing the critics, defining all critique as a way to make ad money for bloggers, hate, negativity, etc BS.
Well, according to Ludbrook, the scam is now officially sharia compliant and certified by alhudacibe.com/ full of muftis and sheikhs from Lahore. With a Dubai office.
facebook.com/edludbrook88/photos/a.499170130283778.1073741827.499166993617425/575292682671522/?type=3&theater
This is hilarious: the first sharia compliant ponzi in the world!
@anjali (and anyone else)
If you are interested in me sharing EVERYTHING I have on Onecoin and its main players, email me at: Timo@ezCoinAccess.com
It’s mostly links with short descriptors, some organized info, observations, documentation, etc. There is also some less organized data and “leads” to potentially more significant ties. I am building quite a bit from unsolicited contributors lately.
Case in point: A Pakistani woman came across either a series of my comments or the bitcoin.com article (I assume) and sent me some background info on SiteTalk (and Unaico), which is Sebastian Greenwood’s former and present scam, along with Frank Rickets, former CEO of Unaico (and OPN), all of these failed schemes; with the exception of SiteTalk having recently resurrected.
During the hybernation period before the “Panama Papers” were released by Julian Assange and Wikileaks, 130 journalists from around the globe worked in secrecy, for the first time in reporter history, without breaching info during that period, to digest well over a million emails, and 100,000’s of other documents, organize, catalog, assign categorical specialization of expertise, etc., and eventually released the largest report and document dump in world history on the subject.
I believe that Oz and Behind MLM is the best available source for building cases past the articles, in the comments, which generate new articles and findings, etc.
Commenters and articles here are for the most part pretty fairly refined, well sourced, and solid (or are good leads).
I’m wondering if it would make sense for a site like this to have an “inside member feature” such as a “mindmapping” (work-flow, timeline, software features) like trello.com/ or asana.com/ or even slack.com/ – which are all free.
I’ve used all of these and they all have cool features. This was just a thought for creating strong journalistic pieces in the decentralized future, collectively contributing. Hopefully I’m not being obtuse. Perhaps we are already accomplishing this here (just thinking out loud, perhaps).
Here’s what the Pakistani woman dropped me, which I hadn’t run across before:
Unaico/ SiteTalk (Relevance: Onecoin is now claiming partnership with the latter again)
youtube.com/watch?v=5Q89YJ-C9Pg&index=1&list=LL2rkHNt7d_vV7aPaZmXkHzw
Dawn News, which is a very authentic News Source in Pakistan (relevance is to resurgence of the scam and empty promises):
dawn.com/news/715695/people-fall-for-another-double-shah
I notice that the certificate specifies only the “Onecoin Savings Product (Coinsafe)”, so I guess they have been convinced it doesn’t qualify as paying interest somehow.
(Maybe they know no-one’s going to get any money out in two years time, so how can there be any forbidden profit from lending lol.)
Nonetheless, expect much to be made of this as a general endorsement by the WHOOP WHOOP brigade.
I being a muslim was shocked that it has gained shariah compliance. I very much doubt they can (as they have said) get full shariah compliance for other onecoin processes.
I’ve been in contact with some people and aim to get something out to a panel of mufti’s to prohibit all these onecoin ‘processes’ once and for all.
a little while back i had written to the EOW [economic offences wing – police] of mumbai and other metro cities in india, informing them about the onecoin scam and requesting them to investigate it.
soon after, an indian financial magazine called moneylife carried an article about onecoin, declaring it to be a scam.
moneylife.in/article/beware-onecoin-luring-indians-by-selling-tokens-for-cryptocurrency/48099.html
today i have received a follow up mail from the cyber cell, mumbai police asking for more details about onecoin:
i have sent some details to the best of my ability, i request that many more people email the cybercell, mumbai EOW. if they receive many complaints they may definitely launch a thorough investigation.
you can send your complaints to: cybercell.mumbai@mahapolice.gov.in
There’s going to be a lot of eggs on faces when it collapses. No excuse whatsoever.
The scam is absolutely clear. It boggles the mind how anyone would want to be associated with it.
Even if CoinSafe is technically Shariah-compliant[*], if they did their due diligence (which they obviously didn’t), they’d never have approved it.
Note: has this been verified from an independent source or on their website? Wouldn’t put it past OneCoiners to fake compliance.
Is this in the UK? Definitely needed, though there has already been a (single) fatwa released (declaring OneCoin impermissible) in the wake of the police investigation.
[*] based on false assumptions, of course
can you provide a link to this fatwa?
In this facebook video, Kimmo Kontuniemi, who was the initiator of the “Sharia-compliancy”, mentions 3 sisters who he has worked with regarding this Sharia-compliancy (video position 2:55).
2 of them, Zareen and Tehsin appear in the Islamic Channel report about Islamic Finance and CryptoCurrency Leadership Summit, which was held in July 25 in UK. Both women were arranging and speaking in this summit.
Obviously the whole summit was practically just a disguised OneCoin promotion event for the Islamic community.
Links below showing Zareen and Tehsin appearing in the report about the IFCC Summit July 25 in UK:
Zareen Roohi Ahmed
Tehsin Aslam – Founder and CEO, Abacus Wills and Trusts (Ozedit: video not available as of Feb 2020, link removed)
top onecoin recruiter muhammad zafar is holding a recruitment event this evening at 6 pm at:
i have reported this event at
i registered this complaint about an hour ago.
i added the address reh has provided in comment#15 regarding the meeting on saturday.
facebook.com/permalink.php?story_fbid=548693665338095&id=181841808689951
Also at twitter.com/MuftiAMohammed/status/785592781708361732
Still needs to be added to the website.
Re cybercell mumbai.
One World Foundation starts project 2017 supporting Indian Child Workers CINI, Child In Need Institute.
Think we need to inform this organisation as well: (email address removed)
m.facebook.com/OneLifeOfficial/
Now that we are speaking of Sharia compliance, I believe this angle is the ONLY push which has kept them afloat.
I wonder if it is Sharia complaint for any company to up and mint its own vapor money and then sell it themselves at ….how do you even judge the “mark-up” if it’s digital (particularly sans Blockchain, but on spreadsheets similar to what anyone themselves have access to doing, hypothetically, in our own Excel programs?!?!
We KNOW that OC/OL has no Money Services Licensing of any kind, anywhere on earth.
Yet they have created nothing different than, say, The Fedral Reserve System, with the only difference being that the “debt based” creation of the pseudo-currency is not correlated to an “interest owed” creation model, it is based on a fixed qty./ cost/ discount model with the front-loaded expense tied to Ponzi-Token acquisition expense on a sliding scale.
Furthermore, it directly benefits and places Ruja and co-conspirators in the same position as the Rothchilds (sp?) family of Power Players, but with the exception of not only controlling the majority of (fake) “wealth,” but actually having total and absolute, up requisite control to seize funds and empty accounts unilaterally, which is a bonifide Communist model.
Sadly, The Islamic Channel has just released a masterfully produced “20/20” like, 22 minute long “special investigative report” on “cryptocurrency,” making a very strong, but entirely misguided case for Onecoin. Bullshit ensues.
Notably, several Top Schemers, including Pehr Karrlson, claim that Onecoin’s *Blockchain Explorer” is fully functional and transparent to navigate all transactions to the Gggg-ness-iss block. It is not. There is NO such functionality, for very obvious reasons.
Mention of “scam warnings” is quickly dismissed in mere seconds, showing 3 front page blogs with more-or-less innocuous Headlines in the grand scheme (pun) of things, and making no mention of National warnings or criminal investigations.
My favorite part though is when the Reporter attends a “Cryptocurrency ‘Convention,’ with Industry Experts,” but points out that Onecoin was “the only company in attendance.”
Anyone inclined to red-lining their blood pressure and putting their fist through their monitor screen can do so by viewing this “Special Report,” HERE: youtu.be/v4IEImx6teE
I was able to do an interview with a cryptocurrency reporter in Indonesia, where the scam is consuming many new victims daily.
It is written in Indonesian language and the Chrome translation is not so good, but the reporter said he will begin leaking small stories regularly, in hopes of warning their people and getting the word out as best he is able.
I have shared my documents and links (both here and across the internet) with him, and he now has an entire TROVE of data to work with, so it could gain legs.
edukasibitcoin.com/tim-tayshun-tentang-onecoin/
My knowledge of Sharia law is based on Wiki only, so it’s very limited, but after checking some facts and using my common sense I’m still able to come to a conclusion.
First, see en.wikipedia.org/wiki/Islamic_banking_and_finance
The CoinSafe Account was introduced on 18 January 2016:
Oops, “interest”, we know that “interest” is forbidden by Sharia law, but 1.5 billion muslims worldwide are an interesting market, so what to do?
The solution is quite easy actually. We add a “Sharia-compliant account” tickbox to the CoinSafe screen and change some words in the drop down list, dependent on the choice made.
I have composed a screenshot of the process of opening and changing the characteristics of a CoinSafe account:
i.imgur.com/TvMYMLY.jpg
The non-Sharia-compliant account has three options with the “forbidden” interest rates of 10, 11, or 12%. The Sharia-compliant version has a 10, 11 or 12/100 “profit sharing ratio”.
IN BOTH CASES THE REWARD IS EXACTLY THE SAME. After the Maturity date you will get a FIXED AND PREDEFINED PERCENTAGE of the number of coins in your account.
The utter idiocy of this procedure is obvious.
What a joke. Everything in OneLife/OneCoin is fake, including this ridiculous certificate.
I guess that accepting a “gift” from a good friend is not forbidden by Sharia law (sorry for being cynical and speculative here). In my world that’s called “bribery”.1
@Oz
Is it possible to white list people here based on for example email or something? My posts go very often to “Your comment is awaiting moderation.” -state. It’s a bit irritating.
I get it too when I forget to trim links, or let a rude (very) word slip in.
Oz does a great job. My feeling is that comments, especially on Onecoin, are running at very high levels and vulnerable to spam.
He’s gotta sleep sometime.
I do try to keep my posts to a minimum and only post when I have concrete info. The emotional posts “This is unbelievable” etc. are understandable but can clog things up a bit.
WordPress doesn’t let me whitelist people. The moderation filters are primarily in place for spam.
Usually I’m around to approve comments but fell asleep last night a bit earlier than usual.
The one most often triggered is the link filter (spammy comments typically have lots of links). You can get around this by removing “http://” from links posted.
From Top Scammer Joby Boughey (UK)
So, all positive vibes and credible reinforcement around the world for Joby!
Unfortunately, it’s not as simple as that. Generally speaking, Shariah-compliance is often about avoiding impermissibility rather than ensuring it’s “Islamic”.
It could be immoral, unethical, exploitative, etc. but as long as it’s just this side of legal (perhaps with a bit of shaving to fit square pegs into round holes, borrowing from other schools of thought and exploiting some loopholes for good measure), it might well be considered “Shariah-compliant” according to some.
There’s plenty of opposition to this abuse of Islamic principles, especially in the case of mortgages, for example.
However, technically speaking, just because something is similar or even exactly the same, e.g. pegging rental payments to the LIBOR rate, doesn’t necessarily make it impermissible (well, according to those who permit these plans, accounts, etc).
It may be disliked or discouraged, but remember, these people are only concerned about it not being totally impermissible.
Note: This is not a justification. Just explaining why it’s not necessarily so straightforward, at least not for everyone.
On the other hand, I don’t wish to tar everyone with the same brush. There are people genuinely looking for real solutions, and sometimes, there is a genuine need, e.g. student loans in the UK, home purchase plans (mortgages), etc.
In the case of OneCoin, though, the whole scheme/value is completely fake, so CoinSafe can never be Shariah-compliant.
I’m not even going to bother looking into how they’ve tried to justify it. You can’t even begin to do that if the underlying “product” is completely fake to begin with.
RE: From Top Scammer Joby Boughey (UK)
A user named Orson Toad posted in those comments, “Explain this than:”
LINK: m.facebook.com/story.php?story_fbid=548693665338095&id=181841808689951&__tn__=%2As
Joby promptly erased that comment once detected.
dr muhammad zafar top onecoin recruiter from the UK held a live FB seminar ahead of his super saturday training event today [which has been reported to action fraud, UK]. florian andris of germany has arrived in the UK to participate in the saturday meeting.
this recording was too long to sit through but i caught some interesting points:
– questions about the difficulty in selling coins on the exchange were responded to by – why do you want to sell your coins? hold on till mid 2018 when the coin goes public. it’s a long term ‘Investment’ [ i thought onecoin corporate had advised affiliates not to use the term investment!]. if you need money recruit and earn commissions.
– a question about why onecoin changed it’s bank so often was met by – hahaha [uneasy laughter] and some squirming and swiftly moving on to the next question.
– an affiliate posed the following query –
we know the united overseas bank in singapore is providing banking to onecoin. did this comment have anything to do with the UOB bank? in response to an email i sent them about onecoin being a scam, UOB wrote back that ‘we are currently looking into the matter ‘.
muhammad zafar gave a vague response to this question by saying that singapore banks are very regulated and so you have to fill in details very carefully to get payments. i don’t know what to make of this conversation.
– UK recruiter shorife ali and a few others are going on a three week promotional trip to bangladesh in december. recently a few onecoin affiliates were arrested in bangladesh. maybe ali thinks the matter has quietened down and he can risk going into bangladesh now.
investigations can sometimes quieten down a bit for lack of further leads, but information that top onecoin recruiters from the UK are going in to peddle onecoin in bangladesh openly, may well cause the police to swing into action again.
– there are sporadic outbursts of – i love you, you love me, we all love each other, hearts and kisses, and yuck yuck yuck. a bunch of scammers totally in [fake] love with their scamming fraternity!
actually shorife ali says ‘long term’ but not ‘investment’.
this is around the 1:20 mark.
YLE areena [finland] has broadcast a 28 minute ‘Spotlight’ investigation into onecoin.
it includes comments from nickolay stoyanov the bulgarian journalist from capital magazine, petteri jarvinen the onecoin critic from finland, representatives of the finnish finance ministry and banks, and some written exchanges with the onecoin press team etc.
areena.yle.fi/1-3083119
can someone provide a translation covering some important points made in this program? it seems like an indepth investigation!
Someone at MuroBBS translated the graph by the bulgarian journalist Nikolay Stoyanov, picturing the connection network of companies and people around OneCoin. This graph has now also english titles.
Graph showing connections around OneCoin (english translated)
On the far left in the picture, there appears the name Christoforos Amanatidis-Taki, who is a known drug lord, thus showing OneCoin’s ties to the mafia and drug business. It is very likely the complex network of companies and people are used to launder and hide money.
Some Google translated articles about the drug king Christoforos Amanatidis-Taki, who is described in the newspapers as the Bulgarian underworld boss:
The Greek leader of the Bulgarian mafia drug
Christopher Amanatidis-Taki was arrested in Dubai
They kidnapped the daughter of the “King of Cocaine” in Bulgaria
The original graph can be found from the article by journalist Nikolay Stoyanov here: Доктор Ружа и пазаруването на имоти от нищо
Mufti Amjad Mohammed has posted a new video about onecoin and the various fatwa that he has issued.
facebook.com/permalink.php?story_fbid=557882854419176&id=181841808689951
Yes I heard the whole video will be available with english subtitles soon.
While waiting for the video to be translated you can read the article in english same content:
translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=https%3A%2F%2Fsvenska.yle.fi%2Fartikel%2F2016%2F10%2F22%2Fexperter-varnar-kryptovalutan-onecoin&edit-text=&act=url
in the latest onelife webinar dated 27/10/2016, this message about payment delays due to technical difficulties is repeated.
i wonder what these ‘technical difficulties’ are, that have lasted a week now!
as i pointed out in comment #36 an affiliate asked – ‘Need some comment from leaders regarding payments stuck in Singapore , what are the updates?’
has UOB singapore frozen onecoin’s accounts pending an investigation?
if UOB kicks onecoin out, they are going to have hell of a problem running their scam!
BTW whatever happened to pablo munoz? he is not to be heard or seen ? from where does he function? is he running onecoin from the US?
Here the latest video i know of where Pablo explains why he came to OC/L posted 23.10
m.facebook.com/OneCoinRujaIgnatova/#!/story.php?story_fbid=583095485224420&substory_index=0&id=465280963672540&__tn__=%2As
Slightly fixed/updated graph here: i.imgur.com/uKsvMEA.png
Investigative TV report about OneCoin – released 25.10.2016 by the finnish public service broadcasting company YLE.
English subtitles.
Spotlight 25.10.2016 – OneCoin – A Cryptic Currency
Sitetalk & merchants plan explained by Frank Ricketts:
facebook.com/onecoin.Singapore/videos/1180622738674507
So as expected, this was some coupon thingy.
Instead of cutting your discount coupon from a paper, you can buy a digital discount coupon at OneSiteTalk with OneCoins. Amazing.
I read up to date so i missed where the original message (possibly from Anjali) was that was suggesting if it was possible OneCoin was using Hong Kong office for recruit meetings with idea of getting Chinese to come to Hong Kong to listen and hence avoiding Mainland China legalities.
It is unlikely since it is not very easy to travel from Mainland China to Hong Kong.
While Shenzhen citizens (i think 10+ million city right cross the river from Hong Kong) can freely travel to Hong Kong and back, it still takes roughly 2 hours, and usually a bit more to get from Shenzhen to Hong Kong due to all the checks along the way.
Distance itself isnt that much, but it is all the border checks that take time, and even with fastest normal method (Taxi that takes you all the way from one destination to next one) it still takes usually bit over 2 hours, supposing things go normal smooth.
Hence it would take lot of interest from someone to actually take 4 hours (2+2) just to go listen to some “opportunity” your friend mentioned, not to mention all the hassle with papers and rest.
For rest of the Mainland Chinese, they cant get to Hong Kong without specific permission, unless they have Airplane ticket from Hong Kong to somewhere. Then they can stay, I think it was 1 week before and after the flight.
Hence basically everyone could get there to listen to OneCoin recruitment, but how many are willing to buy an airplane ticket and take all the hassle just to come to listen it?
I can see that those Diamond people could easily take the hassle to have their Diamond meetings there, but other than that. No, i doubt.
Another thing that I have been wondering is if any here have been reporting these promoters breaking the rules (as example, talking of investment) to OneCoin?
Didnt OneCoin actually ask to snitch all those who break their rules so they could kick them out?
If sending them notice about someone talking of investment with a video/audio proof, i wonder if they actually would kick some of them out.
It would help a bit to get at least some of them out from promoting this.
Besides, if they notice they need to kick some top promoters out that they dont want to, then at least they might change their rules into letting them talk of investment one way or other again, which in the end would be good too in sense that when police investigation finally gets on speed, they couldnt defend saying they forbid their promoters from doing so.
I don’t think that OneCoin is a coherent bunch, at this time. I get the feeling there is no strong company presence. More like a lot of loose cannons trying to keep the idea alive.
Probably, many of the top dogs are figuring out a way to make their getaway.
It sounds like a lot of people are about to lose a lot of money. Too bad. This kind of company gives the industry a bad name.
Ken Labine is hyping on his Facebook that Ruja gave a speech at The Economist magazine’s Fourth EU-Southeast Europe Summit October 15, 2015 in Sofia, and that’s why Ruja is trustworthy and people shouldn’t trust any other than the OneCoin evangelism.
As everybody knows, OneCoin was the biggest sponsor of this summit, the Platinum sponsor, so Ruja was able to gave her 15 minutes, which Ken Labine and other onecoinists are now trying to use for validating OneCoin and Ruja.
Well, what did The Economist do? Apparently this is so embarrasing for The Economist magazine which arranges these Summits, that they totally removed the whole Fourth EU-Southeast Europe Summit page from their web page and also from their “previous events”-list!
The Third and Fifth summit pages are still online, so this looks like a serious damage control from The Economist magazine.
The Economist previous events -page. OneCoin’s sponsored event removed.
Fourth Eu-Southeast Europe Summit page not up anymore, shows Summit calendar.
Fourth Eu-Southeast Europe Summit page, same url WayBackMachine snapshot July 2016, still up.
@Whistle Blower/ @Oz
I think that’s worthy of a story being that even Financial IT completely scrubbed their entire site of anything having to do with #KleptoQueen or #OneCULT.
Despite Chris Principe being on OneCoin payroll, the association with the company from a public perception standpoint had become so poison that even the infamous “February Issue (January REPRINT) with Ruja’s face (image was from the Economist Summit, ironically) can’t even be found in their archives any longer at financialit.net/issues
@ TimTayshun
I noticed Ken Labine, our favorite Canadian con artist, made that post as well. I decided NOT to comment because he is almost “silent” recently in terms of pumping OneCoin and advertising for new Investors (Suckers) on his Facebook page.
Yes, even guys like ole Ken Labine are starting to smell the coffee.
By the way, the same holds true for Kevin Foster. He’s now focusing on posts reflecting HIS “integrity, honesty and love for others” while continuing to steal money from his friends, family members and Social Media contacts.
Which reminds me of this quote:
“The only thing worse than a liar is a liar that’s also a hypocrite!” – Tennessee William
IIRC chris principe was absent at the bangkok event?
i’m getting increasingly suspicious about pablo munoz’s silence too!
So, Ruja is back on stage again.Here in Kiev. Pablo seems to be gone with the wind.
facebook.com/KariWahlroosAmbassador/photos/pcb.354092958272401/354092641605766/?type=3
What about people did a money transfer to bank account in Singapore up to date no show.
Of this money in the cash account and the support ignore all people asking about their money.
It appears that Onecoin has just lost ANOTHER bank! (Oh, and is using another shell company to reengage in banking matters, of course).
SOURCE: kusetukset.blogspot.fi/2016/11/onecoin-singaporean-bank-account-frozen.html
Thanks again to Ari Widdel for this report, and to any others who have notified the Singapore Bank to close that account 🙂
Additional information of interest, posted by Ari, from a private FB group investigating the scam collectively:
widell also reports that the singaporean monetary authority has added onecoin to it’s ‘investor alert list’ as an unregulated entity:
kusetukset.blogspot.in/2016/11/onecoin-wahlroos-mirza-on-stage-in.html
muhammad zafar, one of the topmost recruiters and earners in onecoin is advertising a ‘super saturday training’ event to be held on nov 12th.
very unsurprisingly the venue is being kept secret and will be disclosed at the last minute because onecoin is currently under london police investigation.
chris principe [financial IT magazine] and florian andris of germany are flying into the UK as the guest speakers.
tim tayshun recently reported that financial IT magazine had scrubbed all references to onecoin from their pages. principe however still seems to be promoting onecoin? how does that work?
i’ll be writing in a complaint to actionfraud.police.uk about this event.
zafar can keep holding his events and i will keep complaining and at some point he’ll run out of luck.
an upset affiliate has left this comment on zafar’s FB page yesterday:
zafar has found the time to advertise his upcoming event on his FB page but has not addressed this affiliate yet.
i guess once people pay in, he’s done with them, unless they are recruiters who will help him earn more commissions. there is no [meaningful] refund in onecoin, so investors can stand around banging their heads against the wall and nobody cares!
financial IT still carries two mentions of onecoin on it’s website. the first, a video where chris principe speaks about cryptocurrencies and onecoin, and the second an article about the islamic leadership summit where he spoke along with ruja ignatova. in both of these presentations principe is introduced as the ‘publisher’ of financial IT.
the financial IT website has only one more video interview and article by chris principe.
in the video he is the interviewer, and says he’s ‘from’ financial IT. the article by him has the tagline – ‘contributor’ at financial IT.
i get the feeling chris principe is not the ‘publisher’ of financial IT at all. i think he is just a freelance ‘journalist’ contributing to financial IT, who has presented himself as ‘publisher of financial IT’ only in onecoin related coverage.
i have written to financial IT lets see if they respond.
Here’s pieces of a conversation between Mohammad Zafar and I (I may or may not have ever posted these):
IMAGE: pinterest.com/pin/184506915963657064/
QUOTE (excerpt):
IMAGE: pinterest.com/pin/184506915963657088/
QUOTE (excerpt):
IMAGE (cont thread): pinterest.com/pin/184506915963657094/
QUOTE (cont.):
IMAGE (cont thread): pinterest.com/pin/184506915963657075/
QUOTE (cont):
IMAGE: pinterest.com/pin/184506915963657069/
NOTE: Comedy: he claims Labine told him I’m homeless (Labine has seen my home at least in the background over Skype back in 2015).
QUOTE (excerpt):
….and for a little comedy, some of the Finns have been “tagging” Onecoin Leaders in various group Photos (some funny ones, including Chris Principe being tagged as Bernie Sanders): pinterest.com/pin/184506915963687647/
and: pinterest.com/pin/184506915963687646/
(more fun: Labine is tagged in this photo as “Forest Gump.” Other mentionable tags are “Charles Ponzi,” “Bernie Madoff,” “Behind MLM,” “Securities and Exchange Commission,” etc. Lol)
and, here’s a nice one with Ruja (as Aileen Wuornos) and Zafar (as Tommi Vuerinen) with Zafar’s caption reading, “Cheers to Onecoin Haters we are making it bigtime i am fastest blue diamond in U.K.”: pinterest.com/pin/184506915963687645/
question:
so, pablo munoz who was a top corporate honcho at tupperware and avon joins onecoin as the new CEO over a month ago.
he is supposed to drive marketing and sales at onecoin and his association is supposed to bring some ‘legitimacy’ to the very poor brand image onecoin has of that of a ponzi scheme.
one of the simplest and most basic changes a person of munoz’s experience would do is to clean up and professionalize the company’s presence on social media like FB.
yet, the corporate FB pages of onecoin and onelife are run over with negative comments and complaints, with no one to moderate or respond to questions on these forums?
so where is poor pablo and what exactly is he doing in onecoin/onelife? pablo o pablo, where art thou? have thoust runneth away?
The following text message image, presumably from a Onecoiner’s upline, made it to Reddit tonight:
reddit.com/r/Bitcoin/comments/5aqhss/if_this_doesnt_raise_questions_for_people/
QUOTE:
Nevertheless, this makes a lot of sense considering the bank closure earlier today and the fact that they seem to be pretty close to running or of options! Keep up the pressure, everyone!
To the best of my knowledge nobody has had their bank account shut down for conducting transactions in bitcoin (in jurisdictions where cryptocurrency is legal).
Ponzi schemes on the other hand…
Financial IT’s media kit has Chris Principe titled as the publisher.
chris principe Financial i.t. and zafar are holding a Training meeting this saturday with f. anders and all diamonds in u.k.
Venue still a secret but to be announced.
Financialit has been pretty much covered, but it seems to be owned by Muzaffar Karabaev through his Finnet ltd. company, an “investment analyst” living the dream in our favourite scammer resort, Dubai.
My feeling is that Principe runs it, ran the infomercial from OC originally then was offered a snout in the trough opportunity to be a pet “expert”.
submitted my complaint with ref no:
there is quite a pile of complaints about zafar’s onecoin career building up with action fraud.
yes he is listed as the ‘publisher’. drat.
i’ll inform financial IT that principe is speaking at a onecoin recruitment event in london, even while the company is under police investigation.
i don’t know if they care at all, but i’ll write in for what it’s worth.
Here Response to Ari Widell from Monetary Authority of Singapore MAS.
Great!
kusetukset.blogspot.de/2016/11/onecoin-mas-responded-to-my-report.html?m=1
OneCoin has now a new bank in Cyprus.
Shell company name this time: Eastern Project Investments Limited
Ari Widell has already contacted Cyprus police and the bank.
OneCoin – A new bank account in Cyprus
Here’s the bank account information provided by OneCoin to its victims:
Here is from the Facebook page of “Dr. Ruja Ignatova – The Future of Payments”
So many whacky contradictions and things which make zero sense here. Lol. “OneCoin: the first crypto coupon.” Lol
1. Nobody outside of a Ponzi points opportunity is interested in transacting in Ponzi points.
2. Legitimate third-party merchants aren’t going to destroy their businesses by accepting worthless Ponzi points.
This quote is really interresting:
So “she” wants to tell people, we lied about the value of OneCoin, its not 6-7 USD/EUR, its just 0,00 USD/EUR at the moment.
So now, “OneCoin/OneLife” pray to get some merchants who will use their coins.
I doubt, that any business will involve to use OneCoin as payment method. Its starting to fall down.
Addition to comment #21
Oz wrote:
I found a video with the people WhistleBlowerFin mentioned in his comment. Maybe this video was meant?
youtube.com/watch?v=gt6jKT9WUEo
The list of speakers shown multiple times:
Chris Principe, Editor, Financial IT Magazine
share-your-photo.com/1cd265c724
Pehr Karlsson, OneCoin
share-your-photo.com/3078d6f2ce
Kimmo Kontuniemi, OneCoin
share-your-photo.com/9a7b789cbf
Dr. Zareen Roohi Ahmed, Founder/Coordinator, IFCC Leadership Summit
share-your-photo.com/d2ba02b1bc
Mufti Abdul Qadir Barkatulla, Sharia Scholar
share-your-photo.com/04127e52b9
Tehsin Aslam, Founder and CEO, Abacus Wills and Trusts
share-your-photo.com/f781c61c4c
Faizal Karbani, CEO & Founder, Simply Ethical Financial Services Ltd.
share-your-photo.com/7bedb2e6b4
The video was uploaded by former OneCoin scammer Odd-Arild Tuvik from Norway:
share-your-photo.com/8daa44c4ce
His website onedigitalfinance.com no longer exists. In the web archive, the fraud portal was last saved in August 2018. His YouTube channel has not been updated since August 2017:
youtube.com/c/OneDigitalFinance/videos
On LinkedIn, Odd-Arild Tuvik continues to promote the OneCoin scam:
share-your-photo.com/95eb62bcdc
linkedin.com/in/onedigitalfinance/?originalSubdomain=no
What role does he play in Norway if he has 8,657 followers?