Top investor claims OneCoin “is purely just a financial company”
The ruse behind OneCoin using newly invested funds to pay off existing investors is that the company sells cryptocurrency education.
This education is delivered in the form of lengthy PDF files, filled with content either copied from third-parties with no attribution or loosely rewritten.
Upon quizzing a random selection of OneCoin investors as to the contents of the cryptocurrency education they supposedly bought, you’d likely get an equally random selection of blank stares.
Despite OneCoin’s token efforts to enforce pseudo-compliance to push the “we sell education” line though, every now and then the truth simmers to the surface.
Today that truth is brought to you courtesy of Kaj Naparstok.
Kaj Naparstok (on the left with OneCoin top earner Juha Patiala), is widely credited as a leader within OneCoin.
Naparstok regularly speaks at organized OneCoin promotional events and is originally from Finland.
Today, along with a number of Finnish OneCoin leaders, Naparstok can be found hiding out in Thailand.
Seemingly frustrated with people not understanding the concept behind OneCoin, earlier today Naparstok took to Facebook to set the record straight.
Still today many people don’t really understand our concept. Read this to understand really what is OneCoin and what is OneLife.
Onecoin is just a financial company building up world’s biggest payment solution.
OneCoin gives you an e-wallet with an opportunity to mine and trade with coins. OneCoin is purely just a financial company.
Pegging OneCoin as a Ponzi scheme from day one, that OneCoin is now identifying itself openly as a “financial company” is news to me.
Such a company would be required to register itself with financial regulators in every market it operates in. Yet to date, I’m unaware of any such registration on OneCoin’s behalf.
Onecoin has nothing to do with network marketing anymore.
Through its digital payment solution based on cryptocurrency OneCoin will empower billions of people by providing them easy, secure and fast access to banking.
Our alternative payment solution will create a real revolution, based on technology that makes banking and money transactions almost free, unlimited and realtime really fast.
So OneCoin, who are evidently unable to hold onto a legitimate bank account for a few days, even when they register it through a shell company, is going to offer banking services worldwide?
And the regulated finance industry is just going to throw open the door to an unregistered entity that’s purportedly laundered billions of dollars through Ponzi fraud?
That’s one hell of a lofty ambition.
All your commissions are based solely on your personal efforts together with your team. All the commissions you get comes from the sales of OneLife products you and your team makes by distributing OneLife products.
Funny thing though is that the only product OneCoin sells are tokens, which when converted to OneCoin Ponzi points, facilitate the use of newly invested funds to pay off existing investors.
Despite that being the text-book definition of a Ponzi scheme though, Naparstok insists
OneLife is NOT a money circulating, pyramid or ponzi scheme. If somebody claims so. They don’t understand at all what they are talking about.
Conveniently, Naparstok doesn’t elaborate on how OneCoin using newly invested funds to pay off existing investors isn’t a Ponzi scheme.
Despite this, Naparstok positions himself as a primary source of information on OneCoin;
Real #Leaders, Real #Networker and Real #Investor will never Search reviews on GOOGLE.
They will look for Real reviews from the members who are in the company and do the Real research about the company.
They will understand the concept, analyze how company generates money and then they will invest into it.
Real reviews that cover everything except OneCoin’s use of newly invested funds to pay off existing investors?
Talk about half-assed education…
As the old saying goes, “Give them enough rope and they will hang themselves.” Thanks Kaj.
And just think all of this prior to the big day of Oct 1 when Ruja does her complimentary doubling of the OneCoins for the members and they launch their new block chain.
Makes one wonder if now that is not going to happen since they are nothing more than a financial company. Going to be an interesting Oct 1 isn’t it.
Who could have given him that idea? Ruja Ignatova at OneCoin’s Budapest, Hungary event in January: nolink://youtu.be/0J4FnPFn94g?t=35m58s
But, where has Ruja been, lately? All I’ve seen for some time, is just old reposts of her UK event, etc.
Where are all of those ballroom gowns, these days? With Oct 1 approaching, I would think she would be out promoting.
Really?… To all members that defend OneCoin/OneLive… is this your leader?… REALLY?
Thailand (& Indonesia?) now cracking down on MLM like pyramid structures and analyzing their “product” and required Registration of the company. Steep fines and jail time imposed for non-compliance or operating outside this.
Sounds like they are following in the footsteps of India, but without necessarily mentioning the crypto side. Nevertheless, this should impose more problems for the Onecoin scam.
englishnews.thaipbs.or.th/government-tightens-grip-retail-business-online-direct-sales/
bravo for them.
The only time law applies to someone in Thailand is when they have no money to pay people off.
If you have money to buy people, the law doesn’t apply to you. 20,000 THB is about $500. A $17,000 fine per month for someone pulling in $1M+ is nothing.
Pay off an official and it will cost less than $17,000 a month. This law will have 0 impact on OneCoin in Thailand.
Did you guys see one of the latest Facebook posts of Muhammad Zafar (OneCult UK)? Features Chris Principe from Financial IT (“amazing legend” lol), announcing a new publication with an article with Ruja. Also confirming we will be in Bangkok.
The credibility of this magazine is above zero, I wonder how much they paid this idiot to make videos like this: youtube.com/watch?v=rIJLbLEwdcY
It’s unbelievable how blind people can be. The party continues.
To those asking where Ruja is: she’s promoting OneCoin in Latinamerica and we have been extremely blessed to meet her here in Mexico. Next week Bangkok.
Yes, visits continue, gowns are beautiful and Dr Ruja is a blessing to those of us who LIVE One Coin as opposed to talking endlessly about it. Hoping you have something better to do. Why not focus on your own business for a change???
To those who say there are no other products, please refer to the OneTablet, which competes with other pads and tablets with a world class quality. Please refer to the CoinCloud solution against spyware and hacking. Please refer to OneCoins association to Aurum Gold (I guess gold is inexistent here, too). Please refer to the coming mobile App Solutions for Merchants which will allow commerce to flourish (coming in a few days or weeks, but I guess that doesn’t exist either).
And also PLEASE REFRAIN from editing each and every post in a witch-hunt way to bring down OneCoin who is doing very well, thank you.
(Ozedit: Offtopic derail attempts removed)
Go home and start a business! Be productive, folks! We got one life to live.
You’re really going to assert revenue the token pseudo-compliance products generates compares even 1% to invested funds?
Please.
Your post is supposed to be sarcastic right? Basic android tablets based on SOCs costing more than IPads, Promised future merchants apparently “exist” just no the promise etc.
@urainianmarble
All you say is: Onecoin is legit cause you sell overpriced goods and services which you usually get for a fraction. We get that.
But you must admit you’re massively ripping off people.
Do you pay 3000€/year for a OneCloud account though the same service, on any average, costs around 60€ elsewhere? geezzz…
Is there anyone Brave enough to go on this Onecoin Shitty BANGKOK EVENT ON 1RST OF OCTOBER AND tell to all people there this ONECOIN IS SCAM!!
There must be something done about this !! Lets invite people who might Live or currently stay there to CRASH this event !! It would be nice to see People wake up at that event and ask those Shitty Onecoin leaders some serious questions regarding digital currency.
i guess this event is right chance ro Stop this scam!! Is anybody going to do something about it?? May invite or organiza some team of experts to go and CRASH THEM DOWN!!!!!
Incidentally has anyone actually seen a onelife tablet in real life, one actually bought by an average joe?
one of my direct ordered one 1 month 1/2 ago in Canada……still waiting……
There was that one guy who bought one but he was an affiliate (posted a photo on Facebook from memory).
Haven’t heard of anyone else buying one.
inspite of onecoin providing affiliates with a list of things they can say and not say, [don’t say you are investors!!] affiliates keep blurting out the truth that they are investors who are expecting the price of onecoin to go up and provide them with an ROI:
yet, onecoin is not registered with financial regulators in any country to offer investments.
The Professional Advisor website has an article saying:
professionaladviser.com/professional-adviser/news/2472074/fca-cautions-against-trading-with-virtual-currency-onecoin
Thanks for the update Ty.