OneCoin featured in Netflix’s Money: Explained series
Episode one of Netflix’s new Money: Explained mini-series features OneCoin and BitConnect.
Both are MLM Ponzi schemes that bilked investors out of billions of dollars.
Money: Explained cites OneCoin and BitConnect as part of a segment exploring technology making proliferation of scams easier.
The infamous Carlos Mattos BitConnect event footage is shown on the screen but, other than using it to segue into crypto Ponzi schemes, Money: Explained doesn’t go into details.
OneCoin however got its own mini expose.
Money: Explained starts with an introduction of Ruja Ignatova (right) and her infamous “bitcoin killer” speech.
Footage from the Wembley Stadium 2016 event plays, emphasizing Ignatova’s use of tactics used by scammers covered earlier in the episode.
Top OneCoin net-winner Igor Alberts and his wife Andrea Cimbala get a mention, as some of the people Ignatova “tricked” into promoting OneCoin.
Can’t say I agree with the phrasing. Alberts stole millions through OneCoin and the company only ever had once source of revenue, new investment.
After OneCoin he then went on to scam people out of even more millions through DagCoin, a OneCoin clone started up by former OneCoin scammers.
Money: Explained’s OneCoin segment plays through the lead up to the Ponzi scheme’s 2017 collapse.
But when the day came when people would be able to turn OneCoin into cash, and become rich beyond their wildest dreams, Ruja was nowhere to be found.
The crypto queen vanished into thin air. She’d made the whole thing up.
Next Money: Explained goes over “the warning signs” leading up to OneCoin’s collapse.
A 2015 CoinTelegraph article is cited as one of the earliest examples of a OneCoin warning sign.
A whole year earlier in 2014, BehindMLM reviewed OneCoin and correctly identified it as a Ponzi scheme.
Regulatory warnings against OneCoin are also brought up – as well as their dismissal by the OneCoin cult-mind.
But to many investors, those warnings didn’t matter.
Thanks to another tactic: Insist your scam is definitely not a scam.
Footage of Ruja Ignatova plays, again from the 2016 UK event, declaring on stage to regulators that OneCoin is ‘the most transparent, most powerful and most legal cryptocurrency out there.’
Of course none of that was true.
Next Money: Explained transitions to the US criminal lawsuits. Confusingly, Money: Explained flashes a screenshot of the civil class action complaint while the show’s narrator introduces the criminal cases.
The case against Ruja is ongoing but Ruja’s brother, who took over OneCoin after she disappeared, pleaded guilty to fraud and money laundering charges.
A screenshot of a petition flashes up on screen, showing almost 20,000 OneCoin investors demanding Konstantin Ignatov’s release.
This leads into how victims of fraud “process” getting scammed. Jen McAdams’ OneCoin Victim Support and Information Group is brought up as one example.
We’ll never know the true number of victims hurt by OneCoin.
40% of victims don’t tell anybody. Not even their friends or family.
And only 20% report it to authorities. But these are just estimates.
In 2019 the DOJ claimed OneCoin was a $4 billion Ponzi scheme.
Based on my coverage of OneCoin since 2014, I peg OneCoins victims at around a million. Actual account numbers will be much higher due to duplicate accounts.
Ruja Ignatova remains at large. Ted Nuyten continues to celebrate Igor Alberts fraud through his website Business for Home.
Alberts and his wife will take to the stage at Business For Home’s 2021 Virtual Conference event, to be held later this year.
Evidently none of the other thirty-two speakers mind being associated with one of the most notorious MLM Ponzi net-winners of all time.
Money:Explained debuted on Netflix on May 11th, 2021. The mini-series is available to anyone with a Netflix subscription.
-> Igor is part owner of Business For Home <-
Deriving leads and contacts for his next Crypto deal. egg on your face for Ted & Igor.
This claim pops up from time to time but other than Igor Albert’s OneCoin/DagCoin popping up regularly on BusinessForHome (not so much recently), I’ve never seen any concrete proof.
Igor was a victim? They have got to be kidding. He’s only a victim of horrible fashion sense, for which he has only himself to blame.
Oz, a few typos:
It’s spelled “segue”. “Segway” is the trademarked name of the two-wheeled scooter featured in “Paul Blart: Mall Cop.”
I think you meant “scammed”(?)
Finally,
should say “million.”
Wow three in one article. Definitely need a break.
Thanks!
Glad to help. Based on the rash of recent articles, it seems you certainly haven’t been lacking for work recently.
Can’t sleep, Boris will eat me. Can’t sleep, Boris will eat me. Can’t sleep, Boris will eat me.
Too funny! While you were writing that, I was writing my own song lyrics on the GreenGold review.
The idiotic petition “Free Konstantin Ignatov” is still online.
change.org/p/justice-gov-free-konstantin-ignatov
Half a year after Konstantin Ignatov’s arrest, OneCoin preacher Cordel ‘KingJayms’ James started this petition and gave numerous reasons why the arrest was unjustified. (We all know that the United States judicial authorities always arrest innocent people!)
I observed the petition regularly and took screenshots. On May 15, 2020, only 19,651 OneCoin believers had signed the petition:
share-your-photo.com/2161338b6a
Today, a year later, the petition shows the huge number of 19,673 signatories! Wow! I am delighted with the fantastic success of this petition.
share-your-photo.com/9954c2885b
But this is only half the truth.
As is common with OneCoin, numerous OneCoin scammers have tried to manipulate the petition by repeatedly logging in and voting. Change.org has recognized these manipulation attempts and corrected them.
The Romanian top scammer Cristi Calina didn’t like that at all and he wrote this post about it:
share-your-photo.com/a76216f205
@ Cristi Calina
Why didn’t you fly to the US and complain personally to the Justice Department? If you really love your leader, you should try harder for his freedom!
When the scammers realized that change.org would not allow manipulation, they were asked to use VPN for voting. The result should be falsified with different IPs!
share-your-photo.com/222f6f76a2
My last question is to the wrong “King” from Trinidad and Tobago personally. Cordel, how many more years do we have to wait until the petition has at least 1 million signatories, as you announced? Will I still experience that or will I die first?
share-your-photo.com/d8fa2dc496
Azhar Ali Attari is another scammer from Pakistan. He also spreads his lies on YouTube with his channel “OneCoin The Merchant Coin“:
share-your-photo.com/39d8def47c
In a video from March 22, 2021, he confirms that the new OneLife 2.0 system is still not working properly. Note: The new fraud system was officially installed in August 2020!
Partial quote:
youtube.com/watch?v=FjUUZIbFXlA (With subtitles in English.)
Bitconnect has relaunched and has branded itself as Etherconnect. (Ozedit: snip, see below)
BitConnect != EtherConnect.
BitConnect’s founder is in custody in India. He’s fucked.
EtherConnect = scammers capitalizing on the name.
EtherConnect Review: Bitconnect reboot with DeFi buzzwords
This is funny. Martin Mayer posted a news clip from Korean financial news, where they talk about digital-won (“won” being of course the name of the Korean currency).
So, how does the great “financial expert” Martin Mayer names his recent video..:
youtu.be/ZdwJX0SphKw
i.imgur.com/BnlGgyK.jpg
LMAO, Martin Mayer, what an expert! 😀 😀
Is that why the video’s unlisted or does he do that with all his videos? 😀
Martin Mayer posts 99% of his videos unlisted and commenting disabled.
@ Oz and WhistleBlowerFin
Martin Mayer also deleted the last 6 videos on his YouTube channel earlier this year.
youtube.com/channel/UCcTjTYsvFIXGrezHeBhnM_Q/videos
I asked him by email where I can find his new videos. His answer:
share-your-photo.com/264c2ad64f
I’d like to hear opinions about this “Onecoin interest group” by a German law firm Bender & Pfitzmann PartG mbB:
anwalt.de/rechtstipps/onecoin-jetzt-interessengemeinschaft-beitreten-189516.html
Google translation de->en
@ WhistleBlowerFin
Since the arrest of Konstantin Ignatov, several law firms have offered their help to the victims of the OneCoin fraud. This often raises false hopes. The OneCoin fraud is so complex that many lawyers will be overwhelmed by it.
Professional would be a class action lawsuit, but it doesn’t compare to the United States version. In Germany this is known as a model declaratory action (Musterfeststellungsklage). German victims can find an explanation here:
deurag.de/blog/sammelklage/
Specifically, it is about minimizing the cost risk for the individual injured party. German law often protects perpetrators better than victims.
Manon Hübenthal can afford several expensive lawyers, but that does not apply to the victims who bought the worthless “educational packages”. We therefore rightly say in Germany: “Nobody should throw good money after bad money.”
Manon Hübenthal is guaranteed to have hidden the money she stole somewhere in the world. Or how else is this warning to be explained?
https://behindmlm.com/companies/onecoin/three-onecoin-money-launderers-indicted-in-germany/#comment-438724
Looks like your typical class-action proposal.
Who are they going to sue?
Typically class-actions get stayed in favor of government lawsuits. A criminal investigation is government involvement, so if there’s recovery as stated presumably this will go to victims?
This law firm sounds like its just hoping to round up victims and collect a fee for filing claims, when the victims can just as easily do it themselves. Same stuff we saw in TelexFree and Zeek Rewards.
All of that said, IMS = Frank Ricketts.
Unless he’s arrested and extradited going after a shell company is pointless. Who are “the operators of the IMS paying agent”?
The same video was uploaded to the “E-commerce in Vietnam” channel. The operator of the channel remains anonymous and allegedly lives in the United States. The channel contains 217 videos for OneCoin scam.
share-your-photo.com/613a177dcf
youtube.com/watch?v=-t30cHqDxVg
Did you know that 99% of bitcoin’s price and price increase has happened because OneCoin has educated the world about what bitcoin is?
Well I didn’t know either, but this is what KingJayms claims in this week’s OneLife Global webinar. 😀 😀
This comedy gold clip can be seen here:
youtu.be/YXQ0zbOnGH8
How do you go from “our guhkneesis block is the bitcoin killer!” to “we are the reason bitcoin has value!”
The disconnect is hilarious.
@Semjon, do you happen to have the picture saved which you linked to in this message:
behindmlm.com/companies/onecoin/the-witness-testimony-of-konstantin-ignatov/#comment-421623
The flickr link is dead. If you have the pic, can you upload it please.
The deleted OneCoin IT team photo is the first one here:
justpaste.it/2uorc
I added some extra pictures which might be relevant regarding other members of the IT team.
Does anyone recognize the woman in the second picture with the IT team and and the man that Irina Dilkinska is holding in the third?
PS. I have also OneCoin video collection. I’ve tried to save some of the interesting ones. E.g I have the deleted video in which it can be seen that OneCoin Dubai office was based at Aamer Abdulziz’s Phoenix Business Center at Ubora tower.
@Semjon thanks very much.