“Avoid OneCoin”, urges Prime Minister of Samoa
Samoan Prime Minister Tuilaepa Aiono Sailele Malielegaoi is wary of attempts to promote OneCoin locally.
So much so that for a second time he’s personally issued a warning against OneCoin investment.
An October 17th report by the Samoa Observer quotes PM Malielegaoi as stating;
We have had people from overseas who came here to promote this scheme and we had them visit the Central Bank of Samoa (C.B.S.) and the end result was that this is just that – a scheme.
he Central Bank cautioned against the One Coin scheme and we should avoid it.
Officially OneCoin claims to only sell education packages. In reality prospective investors are pitched riches if they invest in OneCoin’s Ponzi points.
As recounted by PM Malielegaoi;
You invest $1,000 and then in four months, your cash is 10 times more, which means you cash in $10, 000. This is a snare that is used to catch people’s money.
While it can’t hurt to be diligent, personally I don’t think Samoa has much to worry about.
According to Alexa Samoa isn’t a major source of traffic to either the OneCoin or OneLife websites.
Additionally OneCoin investors haven’t been able to withdraw promised ROIs since January 2017, begging the question who is still falling for the scam?
Having milked Asia and Europe dry, OneCoin is currently trying to suck a new generation of gullible South American investors in.
The company held a regional event in Argentina back in August, hosted by Konstantin Ignatov.
It has since emerged however that the event was likely cover for the establishment of banking operations across South America.
After losing a ton of bank accounts as one by one its shell companies were exposed, OneCoin officially gave up on direct bank wires in late 2016.
A month later it emerged OneCoin was using local investors to launder new investment through private bank accounts.
Whether the South American banks OneCoin is currently duping take any action against the company remains to be seen.
Come on Oz, this is just the result of “rogue IMA’s” distorting ONeCoin and has nothing to do with OneCoin. If the officials in Samoa had only bothered to contact OneCoin, OC would have been able to prove they have done nothing wrong and OneCoin is not a Ponzi and these warnings weren’t warranted.
I know this because Igor Krnic always says this after every action taken by the authorities in any country against OC.
Come on, no-one in OC management has been arrested, put in jail or even charged with a crime. Ruja’s charge sheet in India does not count because they spelled her last name wrong and therefore it is not a valid charge sheet and didn’t happen. Ask Igor, he’ll set you straight.
When the dwell starts to dry, all money must be welcomed to Ruja’s purse. For me it tell’s the despair what donkeys have at the moment =)
A Radio Yerevan joke:
We have been asked: we onecoiners are told that publication of One is in horizon. What is horizon?
We answer: Horizon is an imaginary line, that moves away from you when you approach it.
if one coin is a ponzi, why did the investigation clear them.
What investigators? Sorry you’ll have to provide us evidence of your claims.
You do have evidence, right?
Unfortunately, I can not buy a ticket at
because Google Chrome warns:
I used to be able to call this website without any problems. I noticed the following:
1. The name of the website is onestylefortlife.eu
2. In the terms and conditions it says: onestyleforlife.eu – without “t”
This procedure is only common among cheaters – or am I wrong?
OneCoin and its affiliates refer to the withdrawal of prosecution of an IMA: “Nürnberg-Fürth prosecutor’s office has decided to stop the proceedings against an IMA of the OneCoin companies following § 170 Abs. 2 StPO [Section 170 (2) of the German Code of Criminal Procedure]”
The OneCoin company and its affiliates use this to claim that OneCoin investigation in Germany is finished and OneCoin has been cleared.
Needless to say, a decision by the Nürnberg-Fürth prosecutor’s office to not continue a case against an IMA, doesn’t mean that the Bielefeld prosecutor’s office has dropped investigation against the OneCoin company.
But this (that OneCoin has been cleared by the German investigation) is the story OneCoin and its affiliates are strongly pushing.
Hopefully we get more clarification to this situation soon. I have asked a known journalist to contact the investigators.
Another sign that OneCoin hasn’t been cleared in Germany is, that OneCoin has been unable to acquire a BaFin license for 18 months now, which means BaFin (German Federal Financial Supervisory Authority) has prohibited all sales by OneCoin companies in Germany. This prohibition has been in effects for 18 months now and counting.
I hope that this judgment will be published soon: