Third Chinese OneCoin affiliate arrests uncovered, $1.2 million in losses
Up until recently BehindMLM was aware of and reported on two separate arrests of Chinese OneCoin affiliates.
The first arrests took place in April, 2016, around the time OneCoin intended to hold a “grand ceremony” event in Harbin (north China).
The event was quietly dropped following a raid on a OneCoin promotional event in Guandong and arrest of three affiliates in March.
The bust appeared to be of one of the larger Chinese OneCoin affiliate groups, with authorities in Guandong eventually recovering $45.7 million dollars.
Earlier this month news broke of another round of arrests, this time thirty-five OneCoin affiliates arrested, jailed and fined in Zhuzhou City, Hunan Province (north of Guandong).
In between these two busts was yet another investigation and arrest of Chinese OneCoin affiliates, previously unreported until a week ago.
Authorities in the north-eastern Shandong Province received a report from a concerned citizen related to recent OneCoin affiliate recruitment activity in the area.
Police launched an investigation and discovered a suspect surnamed Yu had opened a local “OneCoin information service center”.
Further investigation revealed Yu had joined and been promoting OneCoin since July, 2015.
Based on OneCoin’s business model, Yu convinced locals to invest in OneCoin by touting high returns and commissions paid upon recruitment of new investors.
Not content with promoting just one Ponzi scheme, Yu paired OneCoin with another scam identified as UM Financial Management.
Police identified a top investor in Yu’s downline, another man surnamed Liu.
After obtained and examining “thousands of transactions” to and from Yu’s personal bank accounts, police were able to establish how stolen funds were laundered offshore into OneCoin.
That was enough to nab Yu and Liu on fraud charges, with police arresting the pair later the same month (December, 2016).
Total losses to the OneCoin scam in Shandong Province stand at $1.2 million dollars stolen from 456 duped affiliate investors.
Darn those “rogue” IMA’s! Onecoin is not about OneCoin crypto-currency, but OneLife and their fantastic, incredible, awesome, superior “educational material.”
This is not tolerated by OneLife and you know they have now had their accounts closed and Ruja and company have confiscated all their referral commissions to prove they are tough on violators of OL TOS.
but but but, what about all the rest of the onecoin affiliates who are sitting around holding tokens, or onecoins or OFC’s? the tokens and onecoins are now useless as the chinese court has said:
and the OFC’s are useless because there’s no IPO.
and there cant be an ICO in china.
will ruja be tough and close all chinese affiliates accounts too?
Yes. rumor is that All Chinese Affilates will indeed have their accounts shut down. This simply has to be done in order for ONESCAM to continue..
I found another in March, 2017, in Zhongshan, China. This may be a duplicate of the Guangzhou one you found though.
zsnews.cn/news/2017/04/07/2927153.shtml. It’s a blurb in the middle:
今年2月，市公安局东区分局在侦查中发现，吴某容和张某以石岐区东盛街一家贸易有限公司为据点，通过微信、QQ 等渠道推销所谓的网络虚拟货币 “维卡币”，并通过拉人头的形式大量发展下线会员，进行网络传销。警方通过进一步调查了解到，吴某容、张某涉及发展的下线成员已经超过500人，主要分布在中山、佛山、广州、深圳等多个地市，涉案金额逾1000万元人民币。
February 2017, Zhongshan city’s Eastern District located a Mr. Wu and Mr. Zhang using a company located in Sizhi District Dongshen Street to promote virtual currency OneCoin via QQ, WeChat, and simialr avenues, to recruit additional downlines, conducting pyramid sales. Police found that over 500 downlines had been recruited around Zhongshan, Foshang, Guangzhou, Shenzhen and other areas, involving over 10 million CNY
鉴于案情重大，东区警方将该案件上报市公安局立案侦查。经过一个多月的缜密侦查，掌握了该网络非法传销犯罪团伙的犯罪事实。为了防止嫌疑人将赃款转移，3月6日，专案组民警前往深圳、广州等地，在有关银行的协助下，对涉案的5 个账号内共计3.1亿元人民币资金进行冻结。随后的时间里，三名犯罪嫌疑人相继落网。
Due to severity of issue, Eastern District police has asked for assistance from the city hq, and after another month of investigations, have located all the relevant facts regarding this internet illegal pyramid sales.
To prevent the suspects from hiding their proceeds, raid was conducted on March 6th to various locations with assistance of banks and froze at least 5 accounts and arrested 3 suspects, with amount of 310 million CNY.
Yeah that one sounds like a duplicate of the first round of arrests.
That pretty much means no buying or selling DealShaker deals to/from China? Too bad that some 50% to 75% of the deals come from China…
I think this depends more on where the servers of dealshaker are located.
Probably when the servers are located elsewhere Chinese authorities would not go so far and prosecute the merchants, because if we are honest, Chinese rubbish and counterfeit products aren’t sold online only on dealshaker and are mostly legal to sell in China.
Most likely Chinese authorities are simply going to obscure dealshaker in China.
I totally disagree. It makes no difference where the servers are located. It’s where the Merchants are located that is important. If OC is banned in China, that means the Chinese Merchants cannot accept OC as payment.
Just my opinion as I am not a lawyer and definitely not versed in Chinese law. My thinking is just based on logic.
Hopefully someone from China is a lawyer reading this thread and can answer the question definitely.
Moldovan article and awesome video warning of Onecoin pyramid victims and nefarious scam, which includes local officials who’ve seemingly been suckered in even:
publika.md/au-muscat-din-mana-escrocilor-onecoin-o-noua-piramida-financiara-care-fura-mii-de-dolari-din-buzunarele-moldovenilor_2980812.html
Well, here we go again then. New cars…
One Life Newsletter.
mailchi.mp/62ca3cb9cb1e/jxkey6m9c9-701065?e=a0e0b3336a
Poland issued warning that OneCoin is a pyramid scheme:
(Ozedit: link removed, see here)
One Million Shop operates in Poland. Apparently the OneMillionShop scammers are not the brightest bulbs in the box?
Futurism seem to have screwed up. They’re claiming Ignatova was arrested. Think they got the criminal charges filed in India against her mixed up with arrested.
If they’re holding a promotional event you can bet OneCoin underwrote the sale of any items exhibited.
Just another attempt at distraction to pass time until the 2018 collapse.
Interesting to see what will become of this event.
Wahlroos in India…
“Cryptocurrency And Blockchain Technology With ONEACADA
Offentlig · Evenemang · av ONECOIN-Onelife och Kari Wahlroos – OneLife Ambassador
den 24 september kl. 16:00 – 18:30 UTC+05:30
5 days from now on · 24°–32° thunder
Kalaburgi, Karnataka, India
Would be GOLD to get the following brand new 40 minute video News Special translated to English.
I watched the whole thing and it appears to be pretty good. Any Moldovans in the audience willing to translate this? I’d be willing to donate 0.01BTC or ANY equivalent in ANY ACTUAL AND REAL cryptocurrency to do so.
I’m also willing to pay the *ACTUAL Onecoin OPEN MARKET VALUE IN ONECOIN (via SQL database transfer from any of the numerous VICTIM ACCOUNTS I have access to; which I can attempt to set up on DealShitter through the COUPON PROCEDURE).
*NOTE: ACTUAL “market VALUE” of the Onecoin database coin (which had no relation to any blockchain based transactions or actual cryptocurrency) is about $0.05.
Therefore, I’m willing to pay “80.0 ONE” in FAKE/ pseudo-cryptocurrency to any OneCULT members willing too translate this (or of course about $40.00 USD in ACTUAL AND REAL cryptocurrency, of your choice [assuming it’s REAL cryptocurrency BOUNTY you seek]).
Name it! I’ll send FAKE SHIT or real money. Your choice. I need a translation.
Thanks
SOURCE: youtu.be/_qy9O4xWlpM
RULES:
1.) Post translation with video in comments on this thread
2.) Post the wallet address of a REAL and not SCAM coin/ KleptoCurrency
3.) I’ll send you the amount in WHATEVER crypto of choice you choose.
*disclaimer: I’m on vacation so this is NOT priority and I may have to “ShapeShift” or otherwise exchange REAL BTC or ETC, etc., into your coin of choice in order to send to a REAL cryptocurrency wallet address. BUT I’LL DO IT.
PS. F-you scammers. And I have a lot of new information I’m working on on my case, by the way!
wrote a detailed email to navi mumbai EOW about this event on sun, 24th sept, 2017.
the event is to be held in kalaburgi [previously called gulbarga] in the indian state of karnataka.
the exact event location [hotel/conference room] has not been revealed.
very active indian onecoin affiliates from this area appear to be :
a couple of these ^^ asses have posted their phone no’s on FB, which i’ve forwarded to the EOW too. it may help the EOW find the exact location of the event or scare kari boy away!
@anjali: Great, great for reporting.
Wahlroos seems to have lost his mind.
MONEY LAUNDERING AND VAT FRAUD WITH ONEMILLIONSHOP?
OneMillionShop had a similar deal evening at the beginning of September and an Irish Affiliate alleges that he bought a Usuzi Jeep there for 8500 Euros split 50/50 with Euros and OneCoins at their then face value.
There were some last minute clarifications regarding VAT which was eventually solved by confirming that this would be paid by them at source??
So some outfit must want to gain promotional benefit (hardly OneMillionshop as this would be a disastrous loss and set up stupid precedents), money laundering or tax evasion or a combination of any of these elements ..
CAN SOMEONE IN POLAND PLEASE REPORT THESE DETAILS RE ONEMILLIONSHOP TO THE VAT AUTHORITIES?
the Irish Affiliate has been a big player opening up syndicates reputed at 250K euros so he may be owed a few favours but he has said that he does not take any of his commission so maybe he is rolling that across -you never quite get the full story but apparently it went without a hitch.
@cryptokill
Dear you, guess you have to do it yourself.Try writing to Mark Niechiala (see article). You are a driven writer, so you will manage.
We have to report ourselves as much as we can write in english. Ill try as well, as soon i have time.
https://behindmlm.com/companies/onecoin/onecoin-pyramid-scheme-warning-issued-by-polish-regulator/
PS. cryptokill. Translate the site to english.
uokik.gov.pl/kontakt.php
We can do what we can.
@Moi #20
Have sent details to Mark so let us see if he acknowledges etc.
Thanks. Interesting article about Italians preparing a draft letter to those who feel they have been scammed to confront uplines.
HAVE ASKED AUTHORITIES IN MY INTEREST TO PREPARE SAME AND YOU MIGHT DO THE SAME /SPREAD THE WORD.
dang, this kari fellow has become so bloody predictable now about his india tours!
the event was to be held in the KBN Auditorium, Gulbarga.
Prince Suhaib Raza, an active onecoiner from gulbarga who was most probably helping in the organisation of this event, is a student of the KBN college.
i sincerely hope my mail to the EOW with the names and phone numbers of the local gulbarga organizers had a role to play in the cancellation of this event.
@anjali Guess Ruja told him not to go there. Too risky. She cant afford to lose the man, yet…
Still no info on his fb.
good work guys and another nail in the KARI AND oNECoin coffins.
Bravo!! There’s no “i” in “Team,” but there’s 2 in “INDISPOSE these crooks!” 😉
With this announcement of the ICO next month, this means that all the Chinese members cannot participate since ICO’s are banned in China.
This means that all the Chinese members will be demanding their money back, and they aren’t going to be placated being told they only bought educational material and not OneCoins.
Since she said this is ICO is Phase I, it would have to be for all the non-Chinese members, which then begs the question what an she do for the Chinese members in Phase II?
I think this is her exist strategy to disappear because there is no way in hell she can refund all the Chinese members.
@anjali What is the link to that announcement that Kari’s India event is cancelled?
the announcement was on wahlroos’ FB page -facebook.com/KariWahlroosAmbassador/
the events section on his FB page which conveyed information about the gulbarga event had a heading called ‘discussion’. there were two comments under this heading, one of which was:
prince suhaib raza often shares posts by ONECOIN-Onelife and i suspect he is the admin behind the handle.
anyways, any mention of the gulbarga event is now wiped from not only wahlroos’ page, but from FB too! [as far as i can see]
I am all for alerting the authorities about “events” being scheduled in their country with the intent it will bring about an arrest, but don’t broadcast it until after the event is over.
Kari reads this blog, and it very well may have caused him to cancel his event for the fear of being arrested. I wanted him to go with the hopes the authorities would arrest him. Now we will never know if this caused him to suddenly have the need for surgery. A possible great opportunity lost.
The only surgery Kari needs is to have his head pulled out of his arse.
^ Lynn, yes, but we can’t be 100% sure that the police actually interferes. If not, then Kari is able to create more momentum and lots of new victims especially in a country like India.
In my opinion better that the event is cancelled.
I agree that Kari and the other OneCoin criminal leaders read BMLM and the comments. Hopefully the arrests would happen in a country where Kari thinks he is safe…
Anyone knows if Kari went to Lahore Pakistan ? 20-21/9.
WHY THE HELL IS THIS SCAM STILL GOING????????????
@scammerssuck
Don’y worry when I was confronted last week that it had been predicted that OneCoin would be finished by end 2016– i said it had.
No exchange for about 15 months. 5% merchants pick up which is probably false anyway, declining membership, less actives and useless promotional desperate devaluations of the coin.
What is there actually going on -a pretend ICO and a dreamt up coin value from Sofia. However arrests need to be made particularly in UK.
Lynn has a point, but I agree. Plus, Paul Burks arrest, for example, did nothing to stop the even bigger scam of OneCoin. Yes, great Zeek got shut down, but why do we always have to start from scratch again for the exact same action with repeat offenders?!
And, why did it ever even gain momentum in the first place???????
Because people and most governments do not connect the dots!!! This is what is so frustrating. So much money scammed, and then the man hours taking them down.
This isn’t rocket science to figure out.
you know things are not going well and nervousness has taken over when there are open conversations about leaders and affiliates leaving onecoin on muhammad zafar’s FB page.
posts over last couple of days:
affiliates openly questioning zafar about his loyalty to onecoin is new.
a few days ago ken labine also had to post a clarification that he’s not planning to dump onecoin anytime soon.
well, we know zafar and labine will dump onecoin sooner or later, the question is only about ‘when’ not ‘whether’!
inspite of still publically promoting onecoin on their FB pages, the veneer of confidence of these two indian onecoin promoters is cracking.
kari wahhroos made some excuse and cancelled his india gulbarga event, zafar has no plans to come to india, and now top trusted leaders like yasir mirza are dumping onecoin.
raza and mulla seem pretty confused and rudderless right now according to the recent ‘wailings’ they posted on yasir mirza’s FB page on sept 21st, 2017:
waaah^^^
waaaah^^
i guess with such damaged morales, these two wont do a very good job promoting onecoin in india!
Here’s why I was optimistic that he would have been arrested if he had gone to India. They have already issued a chargesheet against Dr. Ruja. They have arrested scores of OC promoters in India. He is their European International Ambassador.
I have no doubt he would have sung like a canary if he thought he was facing serious jail/prison time. They could have frozen even more money at the event.
The Indian authorities are one of the most active law enforcement agency in shutting down OC in their country. They have raided less significant events than this one would have been, especially with all the promotion of this event.
While I understand your points, I think this was a golden opportunity missed. Who knows, it could have been the death knell for OC.
you have a point, but there’s no way of being sure either way.
the arrests made so far by the navi mumbai EOW were:
ie, they took action chiefly in their own jurisdiction.
gulbarga, tamilnadu is in south india and somewhat far aways. wahlroos has planned and cancelled trips to india previously. the navi mumbai police could think he was bluffing again and could have held back from sending a team to gulbarga. we don’t have a very well funded police force here in india .
however, if international promoters of onecoin like wahlroos and zafar, show such fear of the EOW that they wont dare step into india if their plan is reported, but get restricted to trying to cajole indian investors over calls or whatsapps or FB lives, then onecoin momentum will suffer here.
however, you make a reasonable point so next time kari boy makes a fresh india plan, i wont tell him whether i’ve reported him or not! he can flip a coin or something to decide if he wants to come here!
[ps: oz, comment preview not available!]
Plugin is a bit dodgy. Works sometimes… I haven’t disabled it.
There’s no alternative sadly and the plugin hasn’t been updated for a few years now 🙁
Any thoughts on this analysis ’bout China and crypto currency? Any perspectives or comments?
I think it’s clashing with the Communist Party National Committee but that’s just my poke 😉
forbes.com/sites/kenrapoza/2017/10/18/chinas-blockchain-bitcoin-ban-no-match-for-stateless-cryptocurrency-market/
Perspectives and comments with respect to what?
My only interest in the Chinese ICO ban is that it stops OneCoin and other scams that aren’t crytocurrencies with a significant Chinese investor-base, from dangling the ICO carrot to get more people to invest.