18 arrested in India for holding OneCoin “Ponzi scheme seminar”
OneCoin affiliates looking to promote the Ponzi scheme in India held a recruitment seminar in Navi, Mumbai last Sunday.
Unbeknownst to them, plain-clothes Mumbai police officers were in attendance.
According to the officers in attendance, the scammers running the presentation boasted of local OneCoin affiliates earning between ₹500,000 and ₹1,000,000 INR ($7760 and $15,520 USD).
The average current net income in Mumbai is about ₹50,639 INR a month ($785 USD).
Video footage of Indian Prime Minister Narendra Modi was also used to promote OneCoin, although the footage itself only pertained to “digital transactions” in general.
After listening OneCoin scammers solicit ₹11,900 INR investments on the promise of a ROI in 2018 (OneCoin is accepting new investment but withdrawals are frozen), police had heard enough.
All eighteen organizers of the “Ponzi scheme seminar” were arrested on the spot.
We attended the seminar in civil clothes and heard the whole presentation.
This particular company has no registration with the RBI nor does it have any licence for running such financial schemes promising high returns.
Hence we arrested the 18 people who had organised the seminar and are investigating the case to trace the master mind,” said Police Commissioner Hemant Nagrale, adding, this scam is being run by the accused in Navi Mumbai, Thane and other parts of Maharashtra.
Mumbai police can naturally only go as far as top Indian OneCoin investors. If more arrests follow though, that could significantly put a dent in new investment.
As per the scheme, the investor has to purchase one coin for ₹11,900 and when the rate of the Crypto currency rises, the rate of the coin also goes high.
“The coins were virtual coins and when the rates of the coins go up, one can sell those coins to another person and earn cash, and the chain goes on,” said Mr. Nagrale.
The Navi Mumbai police made the participants understand how the scheme was fraudulent.
At the time of publication Alexa cite India as the largest source of traffic to the OneCoin website. India is also the third largest source to the OneLife website.
woohoo! this is the death knell for onecoin in india! well done mumbai EOW!
i’ve been mailing onecoin info to the mumbai EOW over the last few months and requesting them to act urgently, i hope that played whatever small role in their action.
though it’s early morning here, it’s always a good time for a bollywood ‘ishtyle’ victory song dedicated to the mumbai EOW! 🙂
meanwhile, india awaits tom mcmurrain, who’s visiting delhi, coimbatore and mumbai from 28th april onwards.
mumbai EOW is especially looking forward to meeting him. he wont cancel, will he?? 🙁
Glad they took action, but they needed to wait for Tom McMurrain to show up to arrest everyhone.
Hopefully he won’t cancel and they can still have the opportunity to do so. My bet is he will not show up as he is afraid he will be arrested.
I thought you might be stoked Anjali 😀
I hope they didn’t scare McMurrain away. He needs to get arrested in India too…
Tom McMurrain’s India event pages:
April 28th – Bangalore
April 29th – Delhi
April 30th – Coimbotore
It seems at least Bangalore event page is not available any more.
Tom McMurrain Onecoin lies refuted – Part 1
Next part will be about Ruja.
M’Kay. Who knew that Tom McMurrain is also the voice of Mr. Mackey on South Park. Listen and decide. M’Kay
M’Kay – here’s the link: https://www.youtube.com/watch?v=KqOsrniBooQ
The greatest line in the article is:
How exactly did they they “make” them understand? Was it the same way United makes their passengers agree with re-accommodations?
more details of the mumbai arrests from ‘the afternoon’ newspaper:
lol even the delhi and coimbatore event pages are ‘not found’ now.
poor lil’ tom mcmurrain woke up in the middle of the night and pulled down the pages in his pajamas!
whatta poopy scaredy cat. lol.
Delhi and Coimbotore were still up couple of hours ago. It seems unfortunately Tom McMurrain got scared.
Too bad the police didn’t strike to McMurrain event..
McMurrain really dodged a bullet there. It would have been pretty devastating to him, his followers and Onecoin in general, if he had been catched in India.. S*it..
Oh well.. at least it seems that Onecoin’s dreams about opening the India markets in a big way have been lost with these arrests.
Come on guys be fair. McMurrain didn’t cancel his India tour because he was scared of being arrested…
He did it so he could focus on releasing more misleading YouTube videos. Mmkay? Mmkay.
And there is more “good” news. Today a message appeared in the onelife.eu backoffice.
This probably concerns two deals which were sold out within an hour (although if this is true it’s strange that these deals are still visible).
The first one for a Mercedes GLS550, the second one for a BMW X6 xDrive35i. The price for both deals was 12,307.69 ONE without additional payment in euros.
Screenshot of the message: NOLINK://pbs.twimg.com/media/C-RmIUkXcAEkOiZ.jpg
Message (partly quoted):
Both deals are mentioned in the Dealshaker review: onecoinonelifefacts.blogspot.com/2017/04/dealshaker-facts-and-deal-reviews.html
If a person living in USA tries to access OneLife.eu homepage, they will only get this message:
First I’ve seen it. Forgive me if this is old news.
hahaha made my day!
This is rather new. Probably within the past 2 weeks. The same is true for Onecoin.eu. But dealshaker still works.
I wonder what this means for those in the US who have already joined. Is there a different website members go to? Or did they establish a proxy server for them?
DealShaker has just been an excuse for Chinese scammers to scam people out of OneCoins since it launched.
Why they’re doing this i don’t know, seeing as they can’t cash out OneCoins once they’ve got them anyway.
It means they just use a VPN. Geo-blocking = weak attempt to lock out US regulators.
Any names of the people arrested? Are they still under arrest?
Yes AFAIK and being interrogated.
some extra details about the arrests in india:
so, these top 5 india heads cannot possibly go to macau to cry in ruja’s lap. that is, if ruja is going to macau at all!
hahaha, from germany to india to macau, everybody is busy kicking ruja’s fat butt out!
top onecoin leaders in india are trying to placate their downlines:
really ruja ignatova and her onelife company is going to save their asses?
and, in which country has onecoin ‘proven’ it’s legality? has it fought back in italy, germany, thailand, UK, etc etc? NO. it has just crawled away, leaving it’s affiliates to face whatever action the authorities may take.
The EOW has clearly said they will not tolerate onecoin being marketed in india anymore, and that they will arrest anyone who continues. so top india leaders better be careful, or keep money aside for their family to bail their asses out.
it seems indian leaders are also trying to keep their downlines calm by saying that xcoinx, which allowed investors to encash their coins, will be reopened after the macau event.
i guess these guys have to feed new investors lots of Lies to get their money. but it’s over now guys, so stop with the misdirection.
i’m going to be a proper stalker and follow onecoin india pages on facebook Everyday, and forward all information about any recruitment activities to the EOW.
is there any way to shut down tom mcmurrains facebook live/you tube videos which are targeted at india, africa and other countries?
i have forwarded details of tom mcmurrain’s FB page and you tube channel to the commissioner of police, navi mumbai EOW.
maybe they can request FB and youtube to take his pages down for propagating a ponzi scheme??
Great initiative. Good if as many as possible reported. I will.
Here some info of reporting at facebook:
this is what facebook says about maintaining community standards on it’s website:
so, we can report the criminal ponzi recruitment videos of onecoin top brass?
@MOI & Anjali – Perpetual THIEF & Convicted PONZI FELON, Tom McMurrain is becoming more and more desperate as he has become inundated by normal citizens becoming so disgusted by his blatant lies and deception in order to fleece everyone in his downline or anywhere who is listening to “keep building!”
In a webinar yesterday, as he went over his regular pitch during one section, I was unable to identify one thing (McMurrain said) which wasn’t a total lie…, for an entire 7 minutes straight!
Tom continues to lie about the Forbes and Financial IT Magazines, The EU summit by the Economist, Onecoin’s Sharia Compliance, and much too more too list in these comments, and of course no mention of any real news of the month, but here’s am example as too the latter:
Top Leaders still lying about …well, everything (Sharia Compliance example)
McMurrain, stepping up his not so new campaign of Cult-like indoctrination and brain washing in order to eliminate anyone for exposing him for his FRAUD and so his sheep don’t get distracted by any “negativity and false information.”
(listen to HIS own words to be further disgusted)
Crypto Xpose on YouTube has been on a rampage against Onecoin and McMurrain lately, absolutely DESTROYING their lies and taking a few of these now more than a dozen recent YouTube videos viral; at least within the Onecoin community and with Authorities. We just need to push these to more media.
PLEASE SEE AND SHARE ALL OF HIS VIDEOS! You can find them at YouTube/ Crypto Xpose.
CALL TO ACTION!!
McMurrain has targeted myself and numerous other Scam Detectors and Fraud Exposers who might make a debt in his weekly robbery (he’s up to 9 ZoomCast/ FB LIVE shows a well now, often with over 100+ watching in active hypnosis).
PLEASE BEGIN REPORTING CRIME TO HIS OWN YOUTUBE, FB, TWITTER, LINKEDIN, and ANY other Social Media we can.
We’ve already gotten him and his show KICKED OFF of Grant Cardone TV. The only way to prevent further victimisation is to destroy and take down Onecoin platforms, and McMurrain’s is an obvious place to start.
Also, send info on McMurrain/ Onecoin to any and all Media sources and specifically REPORTERS whom you can. BMLM and the Crypto Xpose YouTube channel are great resources (note: just fyi: that is not my channel)
PLEASE TAKE ACTION AND REPORT YOUTUBE/ FB PONZI FRAUD!!!
RE: comment#30 – I was unable to identify one thing (McMurrain said) which wasn’t a total lie…
Reporting to Youtube, CryptoXpose has a great collection of lying videos:
Ps. The ONLY reason people have HAD TO create any “fake accounts” on Facebook in the first place, in terms of proactively fighting this scam and these CRIMINALS is because simply “blocking them” USED TO BE EFFECTIVE, but no longer is for the con-artists and their indoctrinated cult VICTIMS.
This is similar to these ponzi’s responses in dealing with solutions to bank shut downs (by turning to mafia’s historic money laundering solutions I’m using only cash) and country inaccessibility to known criminal websites (see McMurrain’s latest video in how to go sound this by seeing up a VPN server in order to continue their criminal activities and accessibility in the USA).
Is Wahlross in India this weekend and if so look forward to news of his arrest