OneCoin sued in Germany, fail to obtain injunction
Hire a law firm to send out some extortion threats, tell your investors and sit back and watch them flood social media with claims websites all over the world are getting sued.
Turns out in the real world, a Ponzi scheme wishing to silence reporting of financial fraud is a little more complicated.
Back in April OneCoin sent German blog Coinspondent an extortion demand of €1440.40 EUR.
In addition to handing over the money, OneCoin also wanted Coinspondent to remove and stop covering the regulatory ban of OneCoin in Germany.
Through the law firm Lampmann, Haberkamm & Rosenbaum, OneCoin claimed that merely reporting on the ban was “unlawful”.
Coinspondent responded by raising a “considerable five-figure sum” and going on the offensive.
In a blog post dated July 21st titled “Bitcoin vs. OneCoin: Action is filed”, Coinspondent reveals a lawsuit against OneCoin has been filed in the regional court, Landgericht Berlin.
Coinspondent claim BaFin’s “negative verdict” against OneCoin paved the way for their lawsuit, which was filed against OneCoin LTD and a local affiliate.
The judges are now to assess the extent to which the warnings (about OneCoin) from Hamburg and Cologne from April this year were right.
After Coinspondent failed to pay OneCoin’s ransom, the company filed for an injunction.
Not surprisingly, OneCoin’s injunction motion was denied.
The decision has been appealed to the higher court Oberlandesgericht where it awaits review.
Finally this entity’s action in one country starts to make sense, they should have been attacked everywhere by now but I guess one needs to show the way.
I wonder how they will defend their “education” thing, when at the same time newsletters promoting different kinds of “packs” and “up to 8 splits!” are sent out to their members.
Why would I, as a well-educated onecoin member who knows a lot about cryptocurrency and who is aware of the fact that the currency promoted is just for educational purposes (play money) want invest even more real money to obtain even nore play money through even more splits? I don’t get it! 🙂
@Asphyx:
The reason that you don’t get it, is because you have not undergone rigorous brain-washing, like the sheep have.
Only then can you understand the brilliance of ruja. 🙂
EXACTLY! And the sad part is that no matter how many facts you provide them, they have the OC mantra answer that trumps reality.
Heck many still believe that Ruja was not charged in India, even after giving them the link to the Indian Newspaper article stating she was charged. And these were people who are well versed in crypto-currency.
Dr Muhammad Zafar is doing United States tour between July 26th and August 15th, according to his Facebook page.
Good luck with that one, so far OneCoin hasn’t had any official activity in US since they know their Ponzi model would not qualify as “selling only education” there.
Report asap the locations and dates when you have them to the US authorities so they can go arrest him on the spot.
Delighted with the German position and I have been sent a writ from John Barrett’s lawyers in Ireland and have been advised that two more are on the way from Pehr Karlsson and Peter Shaw.
In the meantime am doing absolutely nothing about it and will only respond after I have made counter claims.
I am collecting evidence so if any of you have videos of Barrett,Shaw,Karlsson or Wahlross strutting their stuff in IRELAND please post and I will use it.
The Press are also starting to get interested internationally and the net is closing . MANY OF THEM ARE REINVENTING THEMSELVES IN GIRACOIN,FIRSTCOIN AND DAZCOIN.
Next step is for Tim YTyashun to win his case against Principe in the States. Hope Zafir is locked up and as OneCoin is not allowed to promote etc in the States this is sufficient grounds to question him etc
When are the UK Police going to stop investigating and start arresting
Arrest seem to be far away even in Italy, where onecoin should still be forbidden, some leaders started to promote onecoin again.