OneCoin sells Bulgarian headquarters to unknown buyer
Strapped for cash or part of larger money laundering plans?
Capital are today reporting that earlier this month Ruja Ignatova sold OneCoin’s Bulgarian headquarters.
OneCoin’s Sofia headquarters were part of Ruja Ignatova’s infamous $20 million plus real-estate empire.
Ignatova began investing OneCoin affiliate funds in properties throughout 2015 and 2016. The headquarters building is in Slaveykov Square, an upmarket area in central Sofia.
Why OneCoin quietly sold their headquarters in early February is unknown. The buyer is local financier Emil Hursev, who claims he’s working on behalf of a client.
Who the client is or how much they paid for the property has not been disclosed.
OneCoin and Ignatova did not respond to Capital’s requests for more information. In the meantime, OneCoin continue to use the building as their Bulgarian headquarters.
I read the article in original and want to clarify something- OneCoin did not sell only their headquarters but also the other two prominent estates (restaurant “Krim” and the building facing the National Assembly) to this “unknown” buyer represented by Emil Hursev.
Obvious attempt to insulate from clawbacks?
I’m sure OneCoin will fall soon , I saw tens of people trying to sell their accounts for less price in facebook after they realize that they were scammed.
let the laundering begin.
So, I thought that having the money tied up in real estate was to make it difficult to liquidate for paying back the clawback. But, I don’t understand criminal tactics.
Real Estate is probably the easiest other than cash and bank accounts to liquidate to pay clawbacks. Hence, probably the sell off and moving funds in hard to reach places is commencing.. Interesting….
OneCoin decalred illegal Ponzi in Italy today… forbidden to promote as from now.
mlmzoom.it/news/antitrust-blocca-promozione-onecoin-one-life/
I saw a news article last night but it looked like they were just talking about the preventative injunction again. Has anything new happened or is it just re-reporting?
This is from consumerismo.it/lantitrust-sospende-la-criptomoneta-onecoin-di-one-life-16955.html
There was already a suspension in place since last December, so I’m not really sure what to make of these recent announcement. Anyone who speaks Italian able to clarify?
It appears That something new went down in Italy today, as a number of sources are reporting now.
milanofinanza.it/news/antitrust-blocca-promozione-onecoin-da-one-life-201702271603101653
Yeah a lot of new reporting. Trouble is they all mention the existing injunction!
This from a friend:
I spoke to someone that is Italian and he said to me this is not a request it is a rule put forward by the Italian anti trust section … It is a declaration.
Italy now officially declared OneCoin illegal piramid and ponzi scam.
Now see what sanctions will follow but like I said the big fish don’t wait they moved residence already and left the country. .on Holiday
I heard the Italian leader Massimo Del Mora already changed his residence to Spain now and is at the moment in Holiday in Mauritius.
plus it seems they are already switching to other scam called “INFINITY”
Interesting finding this week: the complete Transaction History in the onelife.eu CASH ACCOUNT and TRADING ACCOUNT (so both euro accounts) has been deleted in two accounts we have access to.
Only the Current Balance is available. They apparently are erasing evidence.
@MikeR – I have two additional confirmations and a screen capture of separate Cash Accounts in separate countries, one on a different continent, both unrelated to the ones you have access to!
@Oz – in your experience how significant is this, what is the clear implication and is it a precursor to establishing a relative timeline of collapse?
It depends who bought the building.
If it’s just Ignatova buying it from herself through OneCoin shell company #9258, then it’s not really significant.
If there’s a genuine third-party buyer that has nothing to do with OneCoin – that raises two questions:
1. Why was the building sold?
2. Why are OneCoin still using it?
Unfortunately we don’t have enough information (yet).
@Oz – Different question. Take a look at the last 2 comments in this thread. Onecoin “Cash Accounts” are no longer displaying ANY transactions over 30days old.
The ENTIRE HISTORY of such transactions [this is where scammers funds show up as their reward when they have successfully victimized another recruit into having purchased a (mis) Education Package and subsequent ponzi point tokens]
In other words, if The Canadian Competition Bureau were waiting to seize Ken Labile’s computer when he returns from “vacation,” his WINNINGS are no longer visible in his back office to them Or anyone, it appears!!!
@Tim Could just be a glitch in their system if its a new development.
Authorities certainly don’t rely on bogus companies having accurate records. Zeek’s books were a mess.
Deliberately scrubbing the back end like that would be stupid and pointless IMO.
OC is just playing with house money now and could wind things down as fast or slow as they want. The huge money has already been earned.
Technically speaking, sure, it COULD just be a “glitch.” However, I wouldn’t imagine this is unprecedented in the annals of “The Ponzi Play Book.”
So, does anyone know of other scam companies who have already played this card, so-to-speak?
Not that I recall. As I mentioned, it would be pointless.
Payments to reps would still provide a paper trail, so to speak, and scrubbing data would actually be a sign of guilt.
It might also alarm reps who believe OC is legit and could create complaints.
Probably not. The first time I saw this was about two weeks ago. At that moment only the last transaction from a recent date was visible, a purchase of an “educational package”.
About 75 transactions with earlier timestamps were gone. In the meantime that last package purchase transaction has disappeared also.
It doesn’t look like a glitch, rather a systematic procedure.
Depends why it’s happening then and whether it’s intentional.
Hard to say given how secretly OneCoin is run. Transparency? Riiiiiiiiiiiight.
Remember, the biggest precursor to a Ponzi collapse is withdrawal cancellations. That’s already happened in OneCoin…
Technically they’ve currently got whatever new money is flowing in, with nothing going out in ROIs (only recruitment commissions).
There’s also the idea that any analysis by rational people, such as yourselves, would not apply to irrational oneScammers.
They’re probably shredding everything right now like Enron tried to do when the music stopped.
And in the mean time Lee Oshea starts promoting FutureNet on his Facebook page.
Someone told me that the Onecoin properties ownership was transferred to a shell company in Panama, but I don’t have any more info or evidence yet. Hopefully I can find out more tomorrow and post if I do.
OneCoin has companies around the world, it is difficult for law enforcement to track OneCoin. 🙁
Is there somewhere a list of all OneCoins offshore companies?
I think about the closest you can come to that in the public domain would be the list of bank accounts OC has run through listed at onecoinonelifefacts.blogspot.com/2017/04/overview-of-onecoin-onelife-bank.html