OneCoin lose Cyprus bank account, Bank of Africa & UOB remain
Four days ago we reported on OneCoin’s Singapore UOB bank account appearing to be frozen. To continue to process affiliate investments, OneCoin opened up an account with Hellenic Bank in Cyprus.
Less than a week later, it appears Hellenic Bank has terminated the account.
The Hellenic Bank disappeared from the OneCoin affiliate backoffice sometime in the last 24 hours. The remaining accounts OneCoin affiliates can invest funds through are with Bank of Africa in Tanzania and United Overseas Bank.
OneCoin’s Bank of Africa account has been used for some time, suggesting the bank is turning a blind eye to financial fraud. A new UOB account was opened after under a different shell company name after the previous one was frozen.
Affiliates wiring funds to the account are warned not to contact Bank of Africa or UOB about transactions, or to mention OneCoin in any wire transactions.
OneCoin had thought to fool Hellenic Bank with pre-filled proforma invoices (that don’t mention OneCoin or OneLife), however that doesn’t appear to have worked.
Proforma invoices are still being used with Bank of Africa and UOB however;
As above, OneCoin’s Bank of Africa account was opened through the shell company “IMS Marketing Tanzania Limited”. The new UOB account was opened using the shell company “Vernada Trading Pte. Ltd”.
OneCoin cannot use it’s own company name(s) to open bank accounts with, as it appears to be on one or more financial blacklists.
How does this OneCon persist?!!!
@Oz you have a mistake in this article.
OneCoin still has Singapore United Overseas Bank account.
What happened in UOB was that OneCoin lost the account they used with the shell company International Marketing Services Pte. Ltd.
However immediately after losing that, they opened another account at UOB with the shell company: Vernada Trading Pte. Ltd
So there is still account at Singapore United Overseas Bank.
See here: kusetukset.blogspot.fi/2016/11/onecoin-singaporean-bank-account-frozen.html
I just took this image to show this: d17oy1vhnax1f7.cloudfront.net/items/370L3T1j3P172F432Q3p/OCbanks.PNG
Ah, I thought there was only the one UOB account. Bit of a headache to keep up with OneCoin’s bank account musical chairs.
Thanks for catching that, I’ll update the article.
well UOB singapore and bank of africa tanzania sure have thick skins!
there is talk on joby bougheys FB page about affiliates transferring money to each other instantly and without any charges, using a cryptocurrency which is not bitcoin:
so what are they talking about? are they using some other cryptocurrency to conduct their onecoin business as banks are continuously discarding them and to avoid money being frozen in bank accounts?
On Friday November 4, 2016 I found a direct hyperlink to the PDF with the Pro Forma Invoice which is generated after you purchase a package in the onelife.eu backend Shop, and choose “Bank Wire” as payment method. Some basic knowledge of HTML was sufficient to do that.
The hyperlink had this structure: onelife.eu/backend/invoices/show?id=2246
I changed the four digit id number and much to my surprise the Invoice of another OneLife IMA appeared and all personal data (i.e. full name, address and telephone number) were visible.
I soon discovered that each and every Pro Forma Invoice which had been made after the announcement of the new payment procedure on November 2, 2016 was easily accessible!
The first valid Id number appeared to be 2201, about 90% of higher numbers where valid.
Some random examples of invoices:
VTPL-124: i.imgur.com/99Wo4bQ.jpg
IMSMTL-423: i.imgur.com/GJmB0sN.jpg
EPIL-922: i.imgur.com/K7KJmVr.jpg
On Saturday November 5, 2016 11:00 UTC/GMT I submitted a ticket via support.onecoin.eu with the following text:
See screenshot Ticket Number 663183: i.imgur.com/t27jTkt.jpg
After submitting the ticket I found that it was not even necessary to log in, you only needed the hyperlink with a valid id number!
You would expect that this would set off all alarm bells immediately, but it wasn’t until Monday morning that the problem was fixed. Until now I received no response to my ticket.
Of course the OneLife ponzis will accuse me of setting this up and using Photoshop to manipulate Invoices I have generated myself. But for sure Tom McMurrain will recognize the invoice he used himself (with the account of his wife Laura) in one of his latest videos (youtube.com/watch?v=RVOqbTAPJ8c#t=1m38s), apparently he has nothing to hide.
VTPL-139 (Laura McMurrain): i.imgur.com/uZeVmSz.jpg
I realise that it would have generated much more “noise” if I would have published the hyperlinks on internet forums and Facebook accounts without submitting a support ticket, but because of the exposure of personal data I was concerned about the privacy of the OneLife Ponzis. That might change in the future though.
I have to cut OneCoin some slack on this one. Securing an Excel spreadsheet on a laptop is easier than securing actual online database data.
Ditto cloud storage that nobody uses.
I mean when you’re busy creating shell companies every other week to dupe banks into giving you accounts, who has time to properly secure affiliate details?
My guess is that they are just using the Perfect Money -service. OneCoiners use it a lot in general, and there is a possibility to send money in it in different ways.
perfectmoney.is/faq.html
Whoops!
Someone from Morocco bought the €188,030 package!! (or, at least, attempted to).
The SECURITY LEAK apparently has been fixed…
SO this does not bring a red flag to any or all of the members that a so called “legit” company has this many banking issues and changes?
I mean you don’t see any company I know of that changes banks this much for all the assorted reasons.
Let alone using all of these shell companies to prop up a “legit” business. Why isn’t anyone saying anything about it?
but but rujamama had a little baby princess and and the exchange is moving from the backoffice to a new website and and look how many people turned up at the recruitment event!!
they’re going to be SO RICH in 2018, y’all going to be green with jealousy and they’ll eat you like a cucumber!
Response from UOB regarding the 2nd bank account:
Doesn’t necessarily mean they’ll do anything, but I did refer them to my previous correspondence and the fact that they’ve already shut down one account.
Also contacted the Tanzanian Bank of Africa. No response yet.
You know whats funny. Everybody calculates, that the price of OneCoin will be 25€ or more, but nobody is interresting about, who will give/pay them that money (the value of fakecoin).
Nobody, in fact, will pay that amount of money for just 1 OneCoin. I am really proud of you guys you fight against this company and give the info about this scam to all banks. Good job !
Ken Labine going full retard once again. lol.
He created a change.org petition which at first glance looks like petition against those who attacked Donald Trump online, but in reality it’s about behindMLM and people criticizing OneCoin.
He makes his total idiotic “Google if google is a scam.. so OneCoin surely isn’t a scam either!!” false logic claim. How stupid a person must be to a) claim something like that, or b) accept that kind of logic.
I look forward to the day this total mental psycho fraudster will be in jail. I will personally make sure authorities will get every possible material they need, even when he starts removing everything from Internet.
His Youtube videos are archived and Facebook posts are screenshotted akready. He won’t have any chance to explain to the authorities “I didn’t know”..
That petition was created over 6 months ago. It died off quietly.
You can probably expect a fair bit of “Trump = Ponzi legalization” from the MLM underbelly over the next few months. Nonsense that it is.
Ken Labine will never serve any time in jail for scamming his friends, relatives and social media contacts into investing in the worthless OneCoin crytocurrency.
However, after a successful “insanity” defense, I do see padded walls in his future.
joby boughey is besides himself with glee because a cricket test match [england vs india] which is being played in a few small towns across india to empty stadiums, has a billboard advertising ‘onelife’ on the field.
an advertising banner for a test match in a small town will be quite cheap and i suspect a onecoin fat cat from the UK who has a large downline in india has paid for it.
a stadium in saurashtra, india is hardly going to check the background of a company paying them advertising fees. onelife having a banner up does not legitimize it in any way.
but this does indicate that onecoin is spreading in india quite rapidly, so much so that affiliates want to advertise it openly.
onecoin is not registered as an MLM company in india and our new MLM regulation bans the selling of cryptocurrency via MLM.
recently an indian financial publication ‘moneylife’ had published an article exposing onecoin as a scam.
i had written in to the economic offences wing [EOW] of the metros in india complaining about the scheme. the cyber cell, mumbai EOW responded to my mail asking for more information which i immediately sent.
i will not be surprised if onecoin/onelife is under investigation by our EOW. we generally become aware of an investigation into such scams when the police makes arrests.
i will inform the cybercell, mumbai EOW, about this open advertisement for onecoin/onelife.
it seems a sports club in sweden which has a team playing a kind of ice hockey [bandy] has accepted a sponsorship from onelife.
the management board of this club was alerted to the police investigation into onelife, and the board responded [as per my understanding of the translation] that as there was no finding yet that onelife was a ponzi scheme it will continue with the sponsorship till further legal developments in this case.
ponzi/pyramid schemes often sponsor sports events/teams and that onecoin is doing the same is no surprise. somehow, sports and MLM [legal and illegal] have developed an affinity for each other.
bandybyn.se/Nyheter/Senastenytt/SponsorkontraktOneCoin
Echoes of Bonofa sports club in Brazil and TelexFree. Same sort of justification.
Totally blew up in their faces when TelexFree was shut down.
Is the sponsorship from OneCoin or an affiliate?
As to sports clubs and the MLM underbelly, they’re a favourite because inevitable sponsors get to plaster their logo around.
Makes for good “ZOMG SEE NOT A PONZI!” Facebook posts. Nevermind the fact it has nothing to do with the company’s business model.
xcoinx the onecoin exchange owned by onecoin itself, was supposed to go live yesterday ie 9/11/2016, but of course it hasn’t. let’s see how many days they delay it further.
meanwhile affiliates on the official onecoin FB page are getting frustrated and angry about not getting paid. some recent comments on their FB page;
it seems affiliates are tricking new investors to join up by claiming that they can buy new packages or upgrade using onecoins [this option is no longer available even if it was available in the past with some restrictions].
new investors are also led to believe they can encash their onecoins on the exchange 5 days a week, though in reality very very few transactions are actually taking place.
OneCoin is again at the moment available as package payment method. Though with the rate of 0.5€/coin. So this is mainly a way for upliners to actually use their OneCoins somewhere (even with 0.5€ currency rate), and then sell the Gift code to investors and getting cash in return.
This seems to be pretty randomly enabled/disabled, as it is not announced publicly when it’s enabled.
Affiliates are trying to get one coin accepted in restaurants around london. One coin is accepted here… only a small discount that anyone else could probably get.
Mexican grill has accepted and meetings have taken place with a turkish chain of restaurants called EFES.
A lot of chatter how affiliates cannot sell coins also going on…
A restaurant in Talin, Estonia, is advertising on Facebook that they accept OneCoin: facebook.com/permalink.php?story_fbid=578872838966603&id=100005316762119
Also, someone has posted below a link to a Google spreadsheet with a list of all the merchants that accept Onecoin as payment (4 to date).
OneCoin’ Singapore United Overseas Bank account is now finally totally gone.
Only bank of Africa remaining as an option. 😀
@Oz, time for a new article. 😉
kusetukset.blogspot.co.uk/2016/11/onecoin-lost-its-singaporean-bank.html
Lets make a massive effort to contact Bank of Africa and Authorities to close this one!
IMMD.
How is it that people are not investing into this awesome opportunity? XD
Excellent news! Let’s all target Bank of Africa via their complaints form. Cut off the head of the snake.
Agreed! And post this news on Reddit, etc. Call to action: final attack!
By doing this, they violate the OneLife IMA Terms and Conditions which have been repeated explicitly several times since the introduction of the Mobile Application Builder.
Of course, no surprise, they want new Ponzis in their downline and that’s currently the only option to transfer Onecoins to a merchant.
OneCoin is not accepted at any merchant.
A few affiliates who own businesses are accepting OneCoin via affiliate to affiliate transfers. That’s got nothing to do with third-party merchants accepting OneCoin as a form of payment.
Wow, 4 already, impressive! 😉
But to be honest, this list is not complete.
I approached the two shops in the Netherlands already and the only specific option they offered me to pay them if I would place an order, was (“surprise!”) signing up to join their downline.
By the way, much to my surprise they both said that they were willing to accept the price of the Onecoin which is presented in the Onelife backoffice, i.e. about EUR 6,95.
lets close down one coin bank of africa.
@MikeR – RE: “Wow, 4 already, impressive! ”
Impressive indeed. Almost 25% merchant #’s in relation to how many banks have shut their accounts!
There are zero, 0 ,zip, none, nada, null, merchants who can even in principle take payment as onecoins if you don’t join their downline, so lists like that are pointless.
Interesting news today is that a former Conligus upliner finnish Sirpa Yarvensivu, who was an early recruit by Juha Parhiala, made an Youtube video where her exact words were “the company has opened a new platform Xcoinx”.
This contradicts what Labine says, when he claimed it’s external exchange not owned by OneCoin, and Labine even lied it’s a public exchange.
All total bullshit from Labine, as usual. Even other upliners say otherwise.
This cryptocurrency of the future is a bit difficult to use: every time you want to pay somewhere you have to buy a new educational package. And then there are daily limits for the transfers, most likely you will have to stop by on several days to pay that restaurant bill. 😀
@Otto
Unless, of course, you just want a €2.00 cup of coffee. But then you must pay €6.95 for it (according to OC fake value), because after 26 months, OC is STILL not even divisible like every other cc in the world, and even only to UPLINE/downline.
It’s pretty much the most failed (and fraud) experiment in the pseudo-Cryptocurrency history.