UniverTeam OneCoin’s latest acquisition?
Hot off their acquisition of SiteTalk back in January, UniverTeam appears to be OneCoin’s newest source of gullible investors.
As of yet no official announcement has been made by OneCoin, however in the last few hours UniverTeam investors have begun announcing a merge between the two companies on social media.
The caption above reads “OneCoin company buys UniverTeam”.
For those unfamiliar with UniverTeam, it was started in mid 2014 by Alexandre Arenales, former Executive Director of the Brazilian Ponzi scheme Multiclick.
MultiClick is estimated to have sucked in some 300,000 investors, mostly residing in Brazil and Portugal. Brazilian regulators shut the company down back in 2013.
UniverTeam itself was a Ponzi scheme, with affiliates investing €150 to €1500 EUR on the promise of advertised €15 to €75 EUR a week ROIs.
The scheme collapsed in early 2015, which prompted the release of a new compensation plan.
The new plan saw UniverTeam slash recruitment commissions and abolish weekly ROIs. This effectively meant UniverTeam dropped the Ponzi component of their business, and was now simply a pyramid scheme.
How many UniverTeam affiliates lost money investing in the scheme’s original plan is unclear.
UniverTeam’s pyramid scheme model disenfranchised most of its original Brazilian and Portuguese investors, however the new model did take off in Russia.
According to estimates by Alexa, today Russia accounts for some 40% of all traffic to the UniverTeam website.
If OneCoin have indeed acquired UniverTeam, it’s for obvious reasons. Those who lost money in the original Ponzi model will see OneCoin pitched as a way to “earn” back what they lost.
Ditto those who haven’t had success in the relaunched pyramid scheme model.
Such is the nature of OneCoin’s own business model, that victims of past Ponzi and pyramid schemes feel right at home.
OneCoin has unashamedly been gobbling up failed European scams to bolster its affiliate ranks, with past acquisitions including SiteTalk and Conligus.
Once victims of UniverTeam have been milked for all they have, one wonders who will be next.
Update 12th March 2016 – OneCoin earlier today confirmed they have acquired UniverTeam.
In a way, this may wake up the European law enforcement, as this gets too large to be ignored, and if it’s not there, it’s getting there soon.
Doubt there’s much left of these terminal-phase schemes any way. So-called merger is mainly in acquisition of sucker lists. Doesn’t cost OneCoin anything other than these worthless “tokens” any way.
I just spent the last hour reviewing posts by Top USA OneCoin promoters and the one word that stands out is INVESTMENT.
They also use variations of the word “investment” like invest, investing, return on investment, profit, recruit others who invest, etc too.
I thought people who sold securities were required to obtain the proper licenses and registrations.
I searched the site below and could not find the names of any of the Top Promoters in the USA.
brokercheck.finra.org/
What is wrong with this picture.
In my opinion, this is not going to end well for a lot of investors.
sure very soon, we’ll see Ken Labine publications and videos defending the Onecoin scam.
The law will soon come to investigate fraud scams and scammers.
I think we can put this in the confirmed basket, here’s a video announcement from Alexandre Arenales:
(Ozedit: video 404 as of March 2020)
Who will be the next Euroscam admin to sell their victims out for OneCoin cash?
Univerteam’s Facebook page is crowded with people complaining about money they lost in this scam:
facebook.com/univerteam.mmn/?fref=ts
it seems onecoin is not keeping its promises to investors of all the euro scams it is gobbling up.
this was posted on the official onecoin page on facebook, a few hours ago:
it would appear that onecoins plan is to buy in investors from other failed scams, and get them to re-invest and recruit in onecoin, but keep them hanging on the promises of free ‘tokens’ that were promised to these people.