OneCoin claim they are going to open a US bank
After OneCoin’s US launch flopped, the latest sees the Ponzi scheme claim to have “bought a bank”.
First order of business? Register with the SEC and open up a bank in the US.
In a September 15th OneCoin USA affiliate call, during which it was claimed OneCoin want to announce they’ve taken in $1.2 to $1.4 billion in a few days, Sal Leto (right) revealed:
Their goal is to be the only company, in the history of human existence, that’s ever done a billion dollars or revenue in their first year.
Leto goes on to claim ‘that’s going to attract the attention and respect of anyone in this world‘.
Not sure about respect, but if OneCoin’s banking channels have indeed processed a billion dollars this last year, then that’s no doubt got the attention of regulators.
Which made Leto’s next claim all the more bizarre:
(OneCoin) has acquired a hundred and eighty banking licenses, to legally own their own banks, their own branch and their own office, inside all one hundred and eighty countries that we operate in.
Which bank OneCoin has bought was not disclosed on the call, but Leto did go on to claim
One of those countries is the United States of America, right?
Right now (OneCoin) is going through the Securities and Exchange Commission approval process, of having their banking license inside the United States approved.
Uh, two things – first is that the SEC has nothing to do with the regulation of banks.
Secondly, the SEC (along with every other US regulatory agency) do not approve businesses of any kind.
But um right. Don’t let facts get in the way of OneCoin opening 180 banks around the world.
Now we’re playing with the big boys.
Because they just purchased their own bank, now their licensing has gone to a whole other level and their going to play a much higher level.
So we gotta be much more professional in the way we represent OneCoin.
And the company will definitely keep us up to date on if there’s anything we need to do in the field, to make sure that their licensing approval process goes very smoothly.
That’s going to be a huge announcement and obviously for us to state that we’re a hundred percent approved by the SEC, that we have our own bank inside the United States, we might even have an office inside the United States… who knows, right?
Just be expecting some kind of address from the company regarding the US market.
All aboard the Ponzi hype train!
hahahaha
hmm, what can one say?
hahahhaha
Would this make onecoin even easier to be shut down with all the banking info all tracked with all the banks they will or can open to operate from?
Just thinking they may want to reconsider or is it no bank will deal with them so they want to own a bank?
Either way looks like they are a bigger target than ever. We shall see as this turns from hype to fact.
“Open our own bank” is an old idea.
It has been used by multiple of the Norwegian serial organizers, e.g. the UNAICO organizers. It’s typically about a “white labeled” payment processor service (rebranded to match the specific opportunity), branded debit cards and other factors that can look like real bank services.
When people can believe in a “Cash Account”, they surely can believe in other solutions too.
Solutions to what?
Solutions that may look like money stored in an account, money being transferred between accounts, etc. = look like and feel like real banking services.
There’s companies out there selling real banking software or look-alikes to anyone who want to buy. So it’s possible to make the internal payment system look more like a real bank system.
They won’t need to put up any complete solution either. The xcoinx exchange doesn’t really work as a crypto currency exchange, but it may look like one to people looking at it.
A website with “Under construction, OneCoin banking services will come here in the near future” may work for months. People can accept the idea that “TTT Things Take Time”, e.g. that putting up a complete online bank may take months.
The brain can accept many different ideas. People will first start to ask critical questions if an idea is in conflict with interests they have / in conflict with more fundamental ideas they have. So OneCoin investors may easily accept a new “One Bank” or “Bank One” idea.
It’s far more likely someone misheard that OneCoin bought a supposedly “banking license” from an offshore island and claimed it allowed them to operate in 180 countries. 😉
So uh what, gift codes in OneCoin?
The top affiliates are now selling their OneCoin tokens directly from their backoffice… just like Zeek investors sold bids and TelexFree investors sold AdCentral positions from theirs.
The victims that handed over funds to the top affiliates selling these had to prove the respective Receiver’s that transactions were made in the first place, and then hope to hell they could be verified on the company-end some how.
How many times does history have to repeat itself?
The video is about “Ruja has bought a bank, 180 bank licenses around the world, 100,000 merchants will accept onecoins, etc.”.
From my POV, promises like that are only empty promises with very little substance, some type of “counter weight” to negative information.
Some OneCoin members experienced failed withdrawals a few weeks ago = not enough money coming in from new investors to the merchant account to support withdrawals.
These new promises are probably part of the same strategy to prevent withdrawals / stimulate investors to invest and reinvest.
The US Bank of OneCoin……….yeah, right.
Of course they are… and they are bull**** said for only one purpose, so the fans can continue to cheer and hopefully drown out the naysayers. The fans are already conditioned to respond anything she said with cheers, minimal proof needed.
Psychology Today has an article back in 2011 that highlighted “five techniques of expert bull****ters” and this touches them all.
1) People generally don’t challenge other people
2) Talk up successes. If there aren’t any, make some up or buy some.
3) Act arrogant, and never stop (i.e. fake it till you make it)
4) Claim esoteric knowledge or technique (I know crypto and you don’t!)
5) Always delay day of reckoning, using any excuse possible.
psychologytoday.com/collections/201111/scammed/bullshitting-lessons-the-masters
But Ruja will probably put up some “proof”. She usually does.
And Ken Labine types of guys seem to accept “proof” when it support what they truly want to believe in, e.g. the paid advertising campaign “Ruja on the cover of Forbes Magazine” was compared to the swimsuit edition of Sports Illustrated — a special edition rather than a paid campaign.
That’s why I tried to determine whether it was a “big lie with no substance” or some “half truth” (e.g. a bank look-alike). Those lies have different functions.
Half truths:
“Business woman of the year”
“Forbes Magazine interview”
“SEVA donations”
“Blockchain audit”
Half truths must be created before they can be used, i.e. they are designed to be backed up by some “proofs” people can accept as real. A set of half truths can be used to back up a big lie, to add some substance to the big lie.
M Norway, can you please, clarify about Blockchain audit, I never heard about they did any.
Here’s one of the videos, from the May 15 Dubai Event, showing Dian Dimitrov (Semper Fortis auditing company).
youtube.com/watch?v=TeeZGyAUOH0
That was the first video I found. The most commonly used video is an interview with Dian Dimitrov / Ruja Ignatova.
The problem is that he doesn’t tell anything about the limitations of the audit, e.g. that it’s meant for “internal use only”, “not to be used as a proof for anything by third parties”.
Translation: we said we did it. Stop asking questions.
He identified some limitations in the written report, but he didn’t identify them in interviews.
I have questioned his integrity as an auditor. He seems to be very flexible with truth and half truth.
U sure he is not talking abaut sandbanks? Bank as bank, in the world of scammers.
It sure ain’t blood bank or sperm bank.
Onecoin bank… just as virtual as Onecoin itself.
hi there if want to start about one coin in united state i live there if there any problems
OneCoin is a Ponzi scheme. That means big problems with the SEC.
Do you know anything about IPN or Ipro Network. My wife, my mother-in-law, and myself followed a man named Sal Leto into this in February 2017 and it seems to be another OneCoin.
They now owe us almost $20,000 and simply will not pay. No reply from their support line or messages left on their listed number.
I am hearing of quite a few people not being paid and leaving the company. This Sal Leto was listed in one of you blogs as a principle in OneCoin.
https://behindmlm.com/mlm-reviews/ipro-network-review-pro-coin-cryptocurrency-with-cashback/
NOLINK://behindmlm.com/mlm-reviews/ipro-network-review-pro-coin-cryptocurrency-with-cashback
NOLINK://amlmskeptic.blogspot.com/2017/07/ipro-network-ipn-and-mlm-game-of.html