Bank of Macedonia warns OneCoin has “elements of a pyramid scheme”
In Macedonia it is illegal to invest in cryptocurrency.
Following repeated general warnings about cryptocurrency, the country’s top financial regulator recently cited OneCoin as an example of a pyramid scheme.
For those unfamiliar with OneCoin’s business model, affiliates invest in OneCoin points in the hope they’ll be able to flip them at a later date for more than they invested.
As part of the company’s MLM operations, OneCoin affiliates are also paid directly and residually when newly recruited affiliates invest.
It is likely these recruitment commissions that lead to the National Bank of Macedonia claiming OneCoin has “elements of a pyramid scheme”.
The National Bank reiterates the risks involved in such investments, as an asset that provides very high yields usually carries great risks of loss.
In a Ponzi scheme such as OneCoin, widespread investor losses occur when payments exceed the rate of newly invested funds.
The National Bank’s regulatory announcement, published May 31st, also saw Malta’s top financial regulator acknowledge OneCoin “warnings and investigations” in “several countries in Europe”.
The list of countries with official warnings against Onecoin is fast increasing all over the world. Are there any promoters of Onecoin still around?
Of course, tons. The promoters are so called “IMA” (indep. marketing assoc.). There are events around the globe.
If you attend a event now, they will firstly talk about the media, the so called fake news, the :gerlach, etc.
Then they will google “Ford fraud” for you and explain that there is a lot of nonsense in the inet. And then the usual blah blah about better life with OC etc.
OC IMAS believe that there is a big conspiracy going on, a defamatory campaign by banks.
By the way: This is a interesting paper: nolink://gerlachreport.com/files/content/OneCoin/OneCoin-Regeln.png
OneCoin’s response to government warnings… youtu.be/9a2bSZ7I4F0
watch and hear Ed Ludbrooke -who has consistently been unable to describe technical aspects of OneCoin(remember when you were laughed off the podium in Melbourne?), coin value and cryptocurrency screw up again ..
On his lat slide above regarding momentum it clearly indicates that dering 2018 when momentum is reached nearly all the 123 Billion Coins will have been mined –so what then -another 100 fold increase in coin capacity will be suddenly pulled out of the hat -and at the time of the alleged IPO –that is what you call supply and demand rather than internal value ..
By the way Ed you didnt mention Italy and Germany where cease and desist are orders are issued, the expulsion of OneCoin’s registered office out of Belize(yes Belize!)–that isn’t normal is it Ed?
I also see that over 50 Billion Coins are now mined (value -half a trillion Euros and how much in your bank Ruja??) and originally we were told that the Shares /coins would be listed at 80% of original capacity ie 1.75 Billion.. So that particular promise is shown to be at least 97% fiction and headed north.
By the way the exchange is closed(Was it ever really open) .., So guys get terminated and sue your upline and apolgise to your downlines. And the merchants don’t know how to cover the Vat and Tax position.
No wonder the Steinkellers went on to other things .. there is lots more of you don’t believe me–Mensa 200?
Heres the latest from Norway!
All Norwegian Members of OneLife might face Legal action.
Norwegian Gaming bord, “Lotteritilsynet”, sent a letter to OneCoin / OneLife lawyer the 6th of June 2017.
Theres an english translation if you scroll down.
rettit.no/mrbitcoin/index.php?title=OneCoinSCAM
Speaking of Mensa there is another point that I’ve never seen anyone raise.
Unless they have changed their policy in the last few years, Mensa doesn’t reveal IQ scores to members.
People apply, Mensa administers a test, and the final answer is only “pass” or “fail”. The organization emphasizes equality among members, and because of this it keeps every candidate’s test scores secret, even to the candidate herself.
Then of course comes the issue that nobody has ever even approached an IQ of 200 on modern tests (mean 100, standard deviation 15).
I think the highest score ever recorded was between 170 and 180; when you hear about ridiculously high scores it’s always in the context of highly questionable “popular science” or estimates of people who were never tested in their lifetime based on nothing, such as “the IQ of Einstein”.
Where is the official claim by onecoin about Ruja’s score? I would like to hear what Mensa has to say about it.
I’ve just checked: at least some national branches of Mensa also accept documentation about tests administered by others.
In such cases the candidate would know her own exact score, but then phrases such as “Mensa IQ”, that I’ve seen uttered, would become even more meaningless.
@Mr. Ponzi scheme
This was addressed when it was published back in April. Government warnings have been issued specifically directed at OneCoin.
Ludbrook just ignores that and tries to play them off as general warnings about cryptocurrencies.
Total cherry-picking of one or two warnings among the dozens that have now been issued specifically against OneCoin.