OneCoin change banks again, now using US-based bank?
Less than a month after OneCoin announced they had switched banks to JSC Capital Bank in Georgia (the country), OneCoin have again announced a change of banking details.
In an email sent out to affiliates over the last few hours, OneCoin advised affiliates they must now deposit funds through TD Bank.
As per the email, it appears TD Bank are a Canadian bank subsidiary based out the US.
CURRENT CORPORATE BANK ACCOUNT
All bank charges are at the expense of the sender. Partial payments for packages are not accepted.
Remember to add all usernames and the package related with the same username(s).
Check the example below:
Username: abc123, Package: Pro Trader
BENEFICIARY: One EUX, LLC
BENEFICIARY ACCOUNT: 4325434431
BENEFICIARY ADDRESS: 110 E. Broward Boulevard, Suite 1900,
Fort Lauderdale, Florida 33301
Bank: TD Bank
SWIFT Code: TDOMCATTTOR
1701 E. Sunrise Blvd
Fort Lauderdale, Florida 33304
The move to a US bank is interesting, as OneCoin acknowledged its unregistered securities issues by cancelling US business operations only two months ago.
TD Bank bill themselves as “America’s Most Convenient Bank” and claim to be
one of the 10 largest banks in the U.S., with approximately 25,000 employees and deep roots in the community dating back more than 150 years.
TD Bank is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America.
Details on One EUX LLC meanwhile are non-existent. Ditto why OneCoin is no longer banking through JSC Capital Bank in Georgia.
Meanwhile how long the One EUX LLC account at TD Bank is open for remains to be seen.
As to my thoughts, two things stand out in particular.
Firstly if OneCoin are bank hopping as one bank closes their accounts after another, given their business model a move to the US might signal desperate measures.
OneCoin have gone to great lengths to distance themselves from the US, so moving banking operations there makes little sense.
Secondly changing banks every month is not the behavior or reputable and/or legitimate businesses. On top of the Ponzi concerns with OneCoin’s business model, that OneCoin can’t stabilize banking operations speaks for itself.
As the OneCoin ping-pongs from one bank to another, we’ll keep you updated.