OneCoin a “high risk pyramid scheme” in Samoa, transactions banned
OneCoin investment in Samoa has set off alarm bells, prompting the Central Bank to direct financial institutions to block investment into the scheme.
As per a media release published on the Central Bank of Samoa’s website on May 3rd;
It has come to our attention that there are still a large number of people wanting to remit or transfer money out of Samoa to invest in this Onecoin cryptocurrency promotion.
This is despite warnings by CBS that there is a very high risk that Onecoin cryptocurrency promotion is a pyramid scheme (an illegal money making investment).
As a result the CBS has decided to block all approvals for any transactions relating to the Onecoin cryptocurrency.
This also ensures the protection of Samoa’s foreign currency reserves, which is at risk due to the high number of people wanting to remit money overseas for this get rich quick scheme.
Samoa’s OneCoin ban will remain in place until
CBS has assessed that there is no longer a risk to the public and our economy.
Throughout 2017 and leading into 2018, OneCoin collapsed in all but a few third-world countries.
If large numbers of investors commit funds to OneCoin’s dodgy offshore shell companies, the realization of a loss could have a devastating impact on smaller economies.
With a total population of just under 200,000, Samoa falls under that category.
Onecoin are running out of countries in which they can try and dupe people.
WOW NOW THEY SCAM PEOPLE IN UGANDA!!
So onecoin is illegal / officially banned in
US and A
Did I miss a country?! What about switzerland for example? They certainly have strict regulations when it comes to money.
@Peter Renner – RE: “Did I miss a country?!”
I believe also: China, Austria, Columbia, Norway, India?
Other Official Prohibitions and Warnings can be referenced and linked to their original sources HERE: onecoinscam.info/prohibitions/
I wish they target to Nigeria instead; wouldn’t it be nice to see scammers to be scammed? Sorryyy ^^
Seems Igor didn’t appreciate my posting the information about Samao stopping all promotions of OC/OL in Samao. He posted this in reply to my post, and I quote:
Not only did he not like my posting the “FACTS” of the Samoan Officials action against OC/OL, he banned me. Hey Igor, the only one who has his head up his assets is you.
How you arrived at just posing the FACT the Samoan Officials banned OC/OL from being promoted, as you claim
defies logic and common sense,, let alone showing you can’t deal with having FACTS posted on your blog that doesn’t kiss Ruja’s arse and praise OC/OL.
Seeing as OneCoin has never graduated beyond internally traded points, any argument that invokes cryptocurrency is moot.
Well, it was said on Igor’s blog that Konstantin would be making a big announcement at the event in Malawi on May 5, but it was a big dud.
I know the faithful were expecting him to announce that the investigators had found OC/OL had done nothing wrong and were totally exonerated. After all he was supposed to make this announcement back in early March with proof and nothing; and there still is nothing.
Of course you can’t prove something that isn’t true with real proof. Igor must be crapping in his pants that this big news didn’t happen. I mean the people in OC/OL don’t lie.
Hard to type that without laughing. It’s all they do and have ever done.
The terrible video with Konstantin Ignatov and Frank Ricketts from Malawi in East Africa with ~18 million inhabitants:
The average per capita income in Malawi is $ 294 per year, making Malawi one of the poorest countries in the world. So an ideal market for OneCoin scams?
The media release from the CENTRAL BANK OF SAMOA:
119 Onecoin SCAMMERS arrested in China yesterday????
This article refers to (see hyperlink “ruled”) the court ruling NOLINK://wenshu.court.gov.cn/content/content?DocID=e377357a-17e7-4a92-9759-a84a00977b4c&KeyWord=%E6%AE%B5%E4%B9%A6%E9%93%AD
This document contains a “List of frozen fund accounts involved”.
Number 4 on this list is:
Household name: GREENWOOD××SEBASTIAN
Account number: 6214***3673
Frozen amount (yuan): 45,571,164.05 (about 7.2 million USD)
Sucks to be sebastian.
Phew, got through the Chinese news reports. All up in English for y’all.