OneCoin literally a relaunch of the BigCoin Ponzi scheme
A few weeks ago we ran a story examining the murky origins of OneCoin.
Billed as a new MLM cryptocurrency lead by Ruja Ignatova, who claims she has no MLM past, we published an abundance of evidence suggesting otherwise.
Through further research and the investigative efforts of BehindMLM reader OzDelphi, we can now provide you absolute confirmation that OneCoin was a simple relaunch of the BigCoin Ponzi scheme before it.
A document obtained by OzDelphi from the Gibraltar Companies House reveals that, on September 1st, 2014, the corporation “CoolsDAQ Limited” changed its name to “OneCoin Limited”.
OneCoin Limited is the umbrella company OneCoin operate from. The corporation is registered in Gibraltar through AMS Company Management.
Through Prosper Ltd, CoolsDAQ was the inhouse exchange developed by Ruja Ignatova and Sebastian Greenwood for BigCoin.
Interestingly enough, OneCoin Limited in Gibraltar has one shareholder, OneCoin Limited in Dubai.
The sole Director listed for OneCoin Limited is Pegaron Invest Limited, based out of Sofia, Bulgaria.
A few weeks ago the Bulgarian media publication Capital linked Pegaron Invest Limited to Ruja Ignatova and her mother, Veska Ignatov.
Ruja Ignatova was listed as sole shareholder of the offshore company and the Director was Pegaron Invest, a Bulgarian company that up to 2012 is managed by Ignatova, and after that by her mother Veska – both bearing German passports.
Back in March it was reported Ignatova is laundering OneCoin funds through various shell companies set up in her mother’s name.
No doubt you’ve also noticed that CoolsDAQ Limited initially started out as Zooperium Consultancy Limited.
Timeline wise, you have Zooperium Consultancy Limited incorporated on March 27th, 2014.
Two months later on May 15th, the company changed its name to CoolsDAQ Limited. Four months later CoolsDAQ Limited was renamed OneCoin Limited.
This co-incides with the collapse of BigCoin and BNA, which prompted Greenwood and Ignatova to abandon BigCoin altogether.
Having developed the inhouse exchange used to issue BigCoin Ponzi points, repurposing the technology to form the basis of OneCoin was elementary.
Going back even further than March 27th, 2014, we learn that Zooperium Consultancy Limited itself was the rebranding of Greenwood’s failed Loopium platform.
For those unfamiliar with it, Greenwood describes Loopium on his LinkedIn profile as
an innovative new way of receiving and sending money globally.
E-money licensed by Wave Crest Holdings. Loopium attracts account holders who are in need of alternative banking methods that provide the ease of funds 24/7/365 days per year.
Greenwood abandoned the project when he got caught up in the BigCoin Ponzi scheme.
Zooperium Consultancy Service a replacement for Loopium was registered by Ruja Ignatova (27-Mar-2014) less than 2 weeks prior to the liquidation of Loopium (08-Apr-2014).
It is of course in Gibraltar with the same virtual address as OneCoin, Loopium, Zooperium, and every other shell company she makes to funnel money.
When BigCoin collapsed in mid-2014, Greenwood and Ignatova gutted the company backend and relaunched it as OneCoin (incorporated as OneCoin Limited) a few months later.
The Zooperium Consultancy Limited incorporation timeline reflects this, doubling as proof OneCoin was little more than the next generation of a failed 2013 Ponzi scheme.
Like BigCoin before it, once newly invested funds dry up, OneCoin will also collapse.
Whether authorities will be able to trace and recover funds through OneCoin’s deep network of shell companies, remains to be seen.
Goes to show if you dig and scratch deep enough, you’re bound to find the real answers behind many of these schemes.
Good job, OzDelphi!
You could add Dr Ruja`s BigCoin video to the article, for those who didnt see it before (With note that its edited, because asian translator is removed. All her words and sentences are in order and untouched).
And your point?
Still waiting for your side of the story of why you think OneCoin is legit.
Wow… CASE CLOSED…. GAME OVER… Come on Kenny ol boy… lets hear your explanation of this one!!!
Nice work OzDelphi!!!
This is more evidence of the fraud perpetuated by OneCoin. It adds further to the long list of red flags that any objective critical thinker would recognize.
I’ve analyzed in great detail the low level technology under-the-hood to prove that they are not a real cryptocurrency. This coupled with the business deception should be absolute proof of the fraud.
Unfortunately, GREED blinds a lot of eyes. I’ve seen good rational people fall for the OneCoin story because they wanted to believe it. One friend told me that he suspects something is not right but he is making too much money to walk away.
And that is the OneCoin attraction… Look how much money people are making, it must be legit, right? A lot of people made a ton of money with Zeek Rewards too, but that did not make it legit.
It will collapse eventually just like Zeek Rewards and BigCoin did, but a lot of people are going to be hurt from the OneCoin Ponzi scheme. It will be a black eye on the MLM and Cryptocurrency industries preventing many people from realizing that there are good cryptocurrency opportunities if done right.
My hat’s off to you, Ozzie-Oz! Most exceptional research! Wow!
Yes, John NG is FURIOUS at Scammer Ruja & Sebastian who literally STOLE BigCoin’s business model.
She steals everything! She lies about everything!
You see? She was BORN into a scam family with her mother! It’s ALL she knows!
Now, she’s partnered up with the mob! These egregious liars, crooks n’ scheisters have NO CONSCIENCE whatsoever!
They operate like a gang. People are being seriously THREATENED and fear for their finances and their lives.
They are afraid to come forward (just now). But soon will . . . As it will all come crumbling down!
They want out! They want their refund! They want to walk away! But are told their accounts will be blocked so they will LOSE all the money in them if they work another business (MLM) OR… if they speak out against OneCoin!
Instead, they are offered something else. Shut up, come back, work the business, we’ll make you Diamond, AND pay you, so you WIN BIG!
THIS is the choice righteous leaders are faced with! THIS, THIS!
Just like a gang. You want OUT: you LOSE IT ALL! So ya’ better stay in!
We are dealing with NOT just SCAMMERS, folks, but the MOB!
And they are CONNECTED. And they are AGGRESSIVE. And they are UNCONSCIONABLE! And people fear for their lives and to speak out…
THIS is what’s going on in ONECOIN: MAKE NO MISTAKE!
Great work, Oz!
~ Yet again!
Congrats!
Best & God Bless!
xo~A
Angelina Lazar
EX-OneCoiner
~ D U B A I ~
And there you have his motivation for posting folks.
The vultures are circling. Beware!
I have been researching OneCoin for 18 months and have written many technical whitepapers exposing the OneCoin fraud. Some of the top activists here like Tim Tayshum, Eagle Research and Team Charisma have used my research to support their work.
Please don’t confuse the OneCoin scam with the huge potential of Bitcoin and real cryptocurrency.
OneCoin like most of the MLM Cryptocoins spread the same scam story… “buy our coin now while it is cheap and private and when it goes public you will be rich”. That is a scam.
Cryptocurrencies only build long term value by providing a benefit to users to create buyer demand, period. Take a look at Ether coin. It has gone from 50 cents to 14 dollars in less than 6 months because it has utility as the internal currency of Ethereum.
The problem with OneCoin (besides the outright fraud and deception) is that they talk about increasing OneCoin prices, but never about how they will deliver value to the marketplace to drive buyer demand.
Bob your wood you affect thousands of people with Global Currency reserve.
You should be in jail. You’re a bad person
Irony is that Ruja herself says otherwise one her latest video. “We’re not like Bitcoin that people buy in hopes it will go up in price” (or similar). Hahah, funny “guy” she is.
PEOPLE are selling OC packages SAYING that buy now, wait till it goes up = make fortune. They don’t seem to notice that top leaders make a fortune (and MORE) even now.
HOW? Because existing and new funds are used to pay up profits. This is pure ponzi…
Talking about helping 2 billion people get their banks is as bullshit as it can get. It’s just slogan. How the hell could they do banking if they (most likely) have no access to internet?
If you dig deeper on their slogans, it seems really upper crap!
Big whoopie doo. I researched OneCoin for all of 18 seconds and knew it was a scam. Seems my method might be a bit more efficient.
We all know you and Lazar are preying on the OneCoin carnage as any good, full of shit MLMer would do.
Well said Jorge.
One should never argue with a fool, Proverbs teaches us.
The VAST CONTRAST in intellect between Anti-OneCoiners and OneCoiners is ASTOUNDING!
No matter HOW MUCH PURE REASON, LOGIC & EXPLANATIONS you put out there for them to help them, they spew back low-life comments, with their inverted reasoning, and call it a day!
So lemme’ call it a night!
Nitey- Nite!
Best & God Bless!
Yousie, yousie!
xo~A
GREAT COMMENTS, BOB!
You are ACE as ALWAYS! SHEER PURE INTELLECT & 100% INTEGRITY! My hat’s off to you always, my good sir….
Talk soon!
xo~A
Indeed. Only a fool, or scammer, would have joined and encouraged others to join OneCoin in the first place.
But everyone is entitled to make a foolish mistake once as long as they learn from it.
What is much worse and no doubt an even bigger fool, OR SEASONED SCAMMER, is one who has made this choice more than once with other programs.
And the biggest fool of all is one who continues to place monetary trust with people who have a history of misguiding and scamming others.
Why the autority do anything if they make it before?
Can you rephrase the question please? It doesn’t quite make sense.
@Chang
If he was replying to my last post, I took it as:
Why are NWM pimps like Lazar not arrested and allowed to repeatedly recruit for the latest scam du jour and money losing venture?
Generally fraudsters rarely spend time in jail.
Yes but how she can open à New society if she s get arrested for frauds before ? (Sorry for my English, I m from belgium).
Here, an ex member of parliament make the pub of one coin.
@Geo
BigCoin was based out of Asia (Hong Kong from memory). Ignatova and friends cloned it out of Bulgaria and a host of tax-haven shell companies.
The US is one of the few governments I’ve seen proactively go after Ponzi schemes, more often than not though regulatory intervention is reactive.
Neither EU or Asia are known for being on top of Ponzi schemes. Bulgarian authorities in particular appear to be well and truly asleep at the wheel.
any investigation of the onecoin limited in dubai?
Hi, I try to understand what the publisher want to give us ?
My questions is is any one member on BIgcoin and the sametime on Onecoin like me ?
Actually Ruja was employed on BIGcoin she tried to copy the Idea.
Mr John was the first one on the world who come with this idea to bring both internetcurrency and mlm on one currency called BIGcoin
Sitealk rank go down from best 20.000 best website down to best 65.000 best website after OPN and ONecoin merge: alexa.com/siteinfo/sitetalk.com
the value of our shares on ST go down from 1.8 Euro down to 0.018 Euro: stockwatch.com.cy/nqcontent.cfm?a_name=qandr&code=stc#
so why Onecoin join OPN? they want run away from Asia.
why OPn joind and merge with Onecoin… cause they promise us to go the stock on 2016.
both want survive
so from my 4 gold package that i bought for (8000 euro) on 2012 what i get now only 6500 tokens !!!!!
did onecoin give money to OPN ? what i will do with my member on Sitetalk?
i had more than 2500 positon on my group network !!!!
so i sure that onecoin is Ponzi.
I found this BIO from Ignatova which shows her participation in Clever Synergies Investment Fund. Does somebody knows about this fund?
Here is its website: csif.bg/site/en/
Ignatova: bloomberg.com/research/stocks/private/person.asp?personId=98233704&privcapId=42159034
@Vladimir
Other than laundering some of OneCoin stolen spoils through, I don’t think that fund has relevance to OneCoin.
if anyone here is interested, onecoin is “active” in Pakistan right now with blind followers & no regulators watching or monitoring.
people am in uganda, and one coin has started telling us its best ventuers but i need to be advised about this one coin ventuer.
@Bukenya
OneCoin is a Ponzi scheme and those trying to recruit you wish only to steal your money.
What happens next is up to you.