OneCoin laundering funds through precious metal investments?
Following the revelation that the Mauritian Independent Commission Against Corruption has been investigating OneCoin since March, further details of the company’s operations in Mauritius have emerged.
A complaint against OneCoin was filed with the ICAC last Wednesday.
The complainant, Cangayen Pillay claims he’s been ‘fighting mercilessly against the Ponzi system in Mauritius for several decades‘.
An investigation by L’express meanwhile has revealed insight into how OneCoin funds are laundered out of the country.
Be More Global Ltd was incorporated as BMG Ltd in Mauritius last July. A listed subsidiary of the company, SAS Capital Ltd,
holds a Global Business license from the Financial Services Commission (FSC) and was incorporated before BMG on 8 October 2014.
Jean Philippe Galle manages both BMG and SAS Capital on behalf of their owner Serge Legrand.
Galle is a “top leader” within OneCoin and is part of the One DreamTeam, a major OneCoin downline recently abandoned by the Steinkeller Brothers.
Legrand has a Mauritian residency permit until 2019 through SAS Capital. Whether he’s also a OneCoin affiliate is unclear.
OneCoin events are regularly held BMG’s offices and, through SAS Capital, the offer of precious metals investment.
As part of their investigation into OneCoin and BMG, L’express interviewed one of Legrand’s clients.
“(Legrand) has been very insistent that I place 5,000 euros in rare earth products that would be recoverable with a 20% interest in five years”, she said.
A contract had even been made in her name. According to her, the man was a little aggressive.
She was also approached by Jean Philippe Galle for a payment of 5,000 euros for OneCoin.
In the end, she found “this a shady mode of operation” and made no payment.
SAS Capital offer investment in precious metals through the French company Metallion and Hong Kong based ACK Consulting Ltd.
On their company website, Metallion claim they trade in “high-tech materials, strategic metals and rare earths”.
The Metallion website domain was only registered last July. Activity on the Metallion website, according to Alexa, is non-existent (unranked).
Ack Consulting Ltd was incorporated in November, 2013 and don’t appear to have an online presence.
Despite neither company appearing to be all that successful, BMG (not SAS Capital) recently put through an order of 10 million euros for indium, dysprosium and neodymium from Metallion.
The source of the funds transferred out of Mauritius and what role ACK Consulting Ltd plays in the relationship between the four companies is unclear.
L’express’ attempts to give Jean Philippe Galle and Serge Legrand to explain themselves and their business went unanswered.
Serge Legrand did not wish to comment, while Jean Philippe Galle is out of the country.
Having filed a complaint with the ICAC, Cangayen Pillay now hopes ‘the government, the Financial Services Commission, the anti-corruption commission and the police force (will) take responsibility in this whole affair‘.
Local Romanian Press points out how Onecoin scam was covered in several News Media sources with ZERO Due Diligence. Chastises them:
SOURCE: presalocala.com/2017/06/07/presa-romaneasca-promoveaza-iar-escrocheria-one-coin/
Onecoin price has just catapulted through the roof, increasing a full 25% following the excellent news of at least half a dozen Top Leaders having fled the project without looking back, with recent country-wide bans, cease & desist orders, a growing number of arrests in multiple countries, and Alexa ratings which show a significant decline in interest in EVERY single OneCULT/ OneLie Network related website/ project the company has going for it, including the DealShitter/ ShakyDealer platform – the only place where real price discovery is determined for the non cryptographic hexadecimal hash simulations created on Ruja’s SQL Server database environment (which put the price between €0.02 and the former invented price, overwhelmingly on the lower side).
With this kind of news causing the biggest price increase to the most famous Kleptocurrency with the most obviously non-existant blockchain in the world, one must wonder, by the same standards, were Onecoin to totally and absolutely collapse next week and all to leaders be lead away on handcuffs, would this cause the price to finally reach €100 euro, which Juha and others have all made out a point of speculation (on camera)?
ANNOUNCEMENT:
Onecoin: “To the mooon!” Hahahaha!!!
POSTED IN THE OFFICIAL “ONECOIN GLOBAL VICTIM SUPPORT GROUP” THIS MORNING:
Note: Top OneLife Leaders Max Nilsenius and Naveed Tavakoli operate out of Norway!
Someone in the Support Group just started the following:
“I am still trying to find out which other crypto currency they have joined. But one of there close Associate said that we are not leaving Onecoin but we have stopped promoting it” – whatever that means (??)
INDEED, whatever that means, the *GAMING Commission (misspelled in above comment as “gambling,” sorry), also appears to want answers!
@Tim
OH yeah these swedish scammers ,Tavakoli and Nilsenius want to hang on to HAPPY MONDAYS (Payday)as long as they can.
Scared to promote anymore…
Stop promoting it presumably means network commission only and turning up every now and then to rally the troops.
Well done Bjorn for helping your lawyers to attack OneCoin’s lawyers in Norway and the consequent developments through the Gaming Authority.
So, even though they say they are only selling education, I guess promoting coin value increase is not a big deal, huh?
LOL
50 billion coins mined and each now worth 12.45 Euros gives us a lot of liabilities—so where are the assets to cover this in Ruja’s properties
For god’s sake