German consumer organization issues OneCoin & SwissCoin warning
Finanztest is a monthly finance niche magazine published by Stiftung Warentest, a German consumer organization.
In the September issue of the magazine, Stiftung Warentest has published a warning against investment in OneCoin and SwissCoin.
For those unfamiliar with the companies, OneCoin and SwissCoin both offer affiliates investment in virtual points.
The points are marketed as cryptocurrency, despite the fact that they have no value outside of the respective OneCoin and SwissCoin income opportunities.
According to Stiftung Warentest, investment in OneCoin and SwissCoin is both risky and dubious.
The consumer organization claims that both market themselves as alternatives to bitcoin, despite the obvious differences.
In both there are central points which control the system.
The owners use multilevel compensation systems to motivate affiliates to market their products (through) training packages sold to interested parties.
The lack of a legitimate use for both OneCoin and SwissCoin’s points as well as centralization also came under fire.
Stiftung Warentest notes that no one has to accept a virtual currency (such) as OneCoin and SwissCoin (for) payment.
For both there is currently no free market.
OneCoin claim the centralization of their points is a strong suit, despite abundant evidence showing they can and do seize affiliate OneCoin balances at will.
For investors there is a risk of total loss.
Because the risks are high, the financial test does not recommend at this time of the purchase of OneCoin and SwissCoin.
Locally Stiftung Warentest has ‘a very well known and established reputation as an independent and reliable organization‘.
Good ratings and verdicts are often given great prominence in product advertising and on product packaging.
In contrast, bad ratings and verdicts frequently lead to a decline in sales and thus sometimes legal action against SW by the manufacturers.
According to SW, they are sued ten times a year. The foundation has never actually been ordered by the courts to pay compensation and usually wins any legal action taken against it. (Wikipedia)
At the time of publication Germany is currently the largest source of traffic for OneCoin’s OneLife website.
SwissCoin meanwhile does not appear to be all that active in Germany.
What effect Stiftung Warentest’s warning might have within OneCoin’s and SwissCoin’s respective German markets remains to be seen.
forwarding this (translated):
Source: facebook.com/onedreamteamesp/videos/1143166695721934
This is a kind of cryptic message, but the last sentence is particularly interesting. Do you have any idea what it means?
I am of the belief that something MAJOR occurred sometime relatively shortly after that video in Sofia was recorded. “…and nerves for Thailand and the whole world, but until further notice our plans are still on track.”
I wonder what is “sad” and what is “nerves?” Is “nerves” a misspelling of “nervous?” Of course, Thailand is referring to the largest Onecoin Event in history, in Bangkok, at the Impact arena in just 6 weeks! The venue is actually quite impressive: impact.co.th/userfiles/images/header_slider/homa-banner-22aug2015.jpg
But, why would a Steinkeller be nervous both about Bangkok AND THE WHOLE WORLD? Oh yeah, probably reminds him of what he experienced at the beginning of the Conligus Ponzi collapse.
It is also curious that the Sofia dinner and drinking event is referred to as “the great supper of leaders.” Sounds strikingly, or ironically like this could be “the last supper?”
Whatever the case, SOMETHING went down.
I’ll tell you this much, if Ruja’s main computer is ever seized (or her puppet-master’s, if you will), the lack of any blockchain ever having existed in reference to Onecoin will be proven.
Furthermore, what I have always suspected, which is that Onecoins are simply created using a system of Excel Spreadsheets (or something equally egregious), will likely follow such announcement.
There have been bomb blasts in tourist areas in Thailand recently (as in the last 24 hrs). Was some blasts a few days ago too.
Centralization is the key word at the moment for sure, control, control, control.
Evidence this 50 page pdf micro-prescribing everything from font type and size to “OneLife Tone of Voice Checklist”:
Fine for transgression is in real money 500 euros and two weeks on the bench.
onelife.eu/uploads/media/default/0001/01/409bbafd534f0754c593b8e2ea3b6ace199b04d1.pdf
Oh, and over the weekend, Ignatova decided that the cost?value?price?meaningless number attached to each OneCoin is now 6.95 euros.
Lee Oshea, Dubai ex-squaddie says:
You’re right there, Lee.
onecoin is 100% scam coin so everyone should stay away right now thanks.
Angelina Lazar posted on her Facebook page this:
Anybody has any information what Angelina says can be verified?
I don’t instantly buy that. Angelina is pretty quick to jump to conclusions and has some rather religous believes regarding OneCoin.. But I am hoping there is some truth in this..
What did Angelina say? It just seems to be what she wants them to be sad about.
When woyld this have happened?
Log in to OneLife fb to see the partying Kari, Greenwood Steinkellers Nilsenius Tavakoli and Ruja in a brand new dress…
The swedish “Topleaders” planning Gothenburg Event tomorrow as it seems. Many questions.
There was a discussion on the facebook comments whether the Dream Team Spain was sad because of Thailand bombings, or something else, like this what Angelina posted..
Plus she has been posting suggestive pictures on saturday and writing that it is “Game Over” for OneCoin.
Anyone knows about the “One Coin Project”?
From Oct. you will be able to pay your lunch and dinner with OneCoin..Rome Italy.
Also a list of lawyers made OC legit.
Oz, an article?
criptocurrency.it/centroinformazioni.aspx
Written in italian but quite good translation
PS.From the swedish Flashback
flashback.org/leave.php?u=https%3A%2F%2Fwww.facebook.com%2Fzintilini.giacomo%3Ffref%3Dts
the restaurant mentioned is most probably owned by a onecoin affiliate, who will accept a part of the bill in onecoin [10%-15%].
this is equivalent to the restaurant owner giving a ‘discount’ to fellow onecoin affiliates and is not proof of any ‘value’ of onecoin.
let the restaurant owner accept the Full bill in onecoins and then we will be impressed! but that wont be happening because onecoin is valueless outside the onecoin system.
‘paid for’ lawyer opinions mean dang. it can impress newbie affiliates but no one else will take it seriously.
When there’s a photo of the restaurant owner (or staff) making the OneCoin gang sign behind the counter, you know it’s not legitimate merchant transaction.
You “pay” for your meal by logging into your OneCoin account and transferring the amount owed to the owner’s OneCoin account.
It’s just a simple affiliate to affiliate transaction. Nothing to do with merchants.
Nothing to see here folks, just another OC affliate, Giacomo Zintilini, spamming nonsense thru a sham site.
Re: acceptance, remember the Bulgarian real estate that you could “buy with OneCoin”?
Can anyone confirm that OneCoin has lost Deutsche Bank as their bank?
OC-Team Deutschland confirms.
facebook.com/groups/OneCoinTeamDeutschland/permalink/1152122831518457/
@Whistleblower: Looks like the post that you linked says, “This post has been removed or could not be loaded”
SEE: pinterest.com/pin/184506915963646566/
@Mr. Ponzi Scheme: However, fellow anti-fraud (anti-Onecoin) activist “Scam Detector” (AKA: Ari Windell) posted this evidence yesterday on his blog:
SEE: translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=fi&u=http://kusetukset.blogspot.fi/2016/08/onecoinonelife-changing-bank-yet-again.html&usg=ALkJrhiTUzvFmnWIjbCkMfpIoPAJVg84eg
IMAGE (back office sans Deutsche Bank): pinterest.com/pin/184506915963646599/
IMAGE: pinterest.com/pin/184506915963646684/
@Oz (or anyone) – Is anyone tallying the number of Bank accounts Onecoin has now had closed? They may be going for a new World Record?
I want to know how many banks this is now.
…..but the authorities allow this scam to continue on. I just don’t get it!
Bloody hell Pinterest is annoying as fuck. No I don’t want to make an account, just show me the damn image.
@Tim
They started losing accounts in 2015. The first I tracked was JSC “Capital Bank” in November but there had been a few bank account changes prior.
@TimTayshun , I can still see the OC-Team Deutschland post just fine.
Looks like this: i.imgsafe.org/a2d1d0dd66.jpg
Maybe they have blocked you or there was a temporary error?
Here is a small funny news lightening which shows the life of OneCoin ambassador Kari Wahlroos, before and now. As you can see from the 2 videos, company changes but the same sh*t stays. 😀
murobbs.muropaketti.com/posts/1717751414/
@WhistleBowerFin: “Maybe they have blocked you or there was a temporary error?”
Oh, definitely blocked 😉 Lol
I went to the website for the Impact Center in Bangkok. They don’t have any events showing for Oct 1. Unless I just don’t know what to look for.
They book it as a private event which doesn’t show in the arena’s public event view. Always the same thing with OneCoin events.