OneCoin lose Italian bank account, open one up in Hong Kong
OneCoin’s banking rollercoaster woes continue, with the latest seeing the scheme open up a new account with China Construction Bank (Asia) Corporation Limited.
Two weeks ago OneCoin revealed a new account with the Italian bank Banca Monte dei Paschi di Siena.
Within twenty-four hours the banking details were removed, suggesting Banca MPS shut down OneCoin’s account once they realized what was going on.
Now, a few weeks later, OneCoin’s latest banking ploy has seen them open up an account with China Construction Bank (Asia) Corporation Limited in Hong Kong.
In keeping with the use of shell companies (one can only assume “OneCoin” and “OneLife” are on a financial blacklist), OneCoin’s new bank account is in the name “Foshan Everbright Import & Export Company Limited”.
According to their website,
China Construction Bank (Asia) Corporation Limited [“CCB (Asia)”] is the retail and commercial business platform of China Construction Bank Corporation [“CCB”] in Hong Kong.
As of August 31, 2016, CCB (Asia) has 50 branches in Hong Kong and offers a wide array of banking products and services to customers, including consumer banking services, commercial banking services, corporate banking services, private banking services and cross-border financial services, etc.
As for Foshan Everbright Import & Export Company Limited, a company bearing the same name is situated in Guangdong, China.
Foshan Everbright Import & Export Company Limited is situated in main commercial area of Foshan.
(Foshan Everbright) is known the main manufacture base for ceramics, plastic, iron and steel for all over China. We therefore build up good cooperate relations with over hundred excellent industries.
The Hong Kong branch OneCoin are using appears to have been set up solely to launder investor funds through (as OneCoin has nothing to do with import/export).
Whether OneCoin purchased the company name or paid someone else to set up the shell company is unclear.
foshan everbright is not a manufacturer but rather a trader with a ‘showroom’ in foshan which neighbors hong kong:
i think foshan everbright is a shop/showroom probably owned by a chinese onecoin leader who has sold/lent his bank account in CCB[asia] to onecoin.
Hope he or she isn’t too attached to their bank accounts…
BitCoin ex-leader Bruce Fenton wrote a public letter naming OneCoin as a fraud.
NOLINK://news.bitcoin.com/bruce-fenton-letter-onecoin/
Foshan Everbright Import & Export Company Limited was established in July 2011. Web address is yzd-trade.com/en_index.html
They have to go after the Ponzi angle, which needs to be spelt out.
Coming at it purely from a “this is not cryptocurrency but I don’t say why” angle won’t go anywhere.
+1 No doubt well meaning, but naive in approach.
And of course, the standard rebuttal of “the Bitcoin Killer” will be lapped up by the cultists, “Se how worried they are that we’re Number One now….”
@Oz & tmfp
You guys are right. However, Fenton is NOT a “create new regs and laws” kinda guy. He is an “enforce the existing ones, and realize this has NOTHING to do with our industry (cryptocurrency)”.
Onelife just got a presence in that UK tax haven the Isle of Man, with Onelife Network Ltd set up there thru agents on 27th Sept.
Appears to be running the new OneLife Events webpage, designed to cream 2.5% off the gross charged by affiliates for their local seminars.
A finger in every pie, skimming their cut everywhere, real Mafia styleee.
@Tim
Well Ponzi schemes are illegal. He has to point that out specifically, otherwise there’s no existing law against generally pretending to be a cryptocurrency.
Fenton is doing the “look at this fraud ruining crypto currency’s reputation” pitch. He’s honest, in that he’s not claiming to know anything he doesn’t.
People who really know cryptocurrency are paying attention, and you can bet those who are getting briefings on issues are noticing as well. When the more mainstream sources are paying attention, it’s the end for the scheme.
He’s not a lawyer. He can’t pronounce something a ponzi scheme.
coin telegraph, a leading cryptocurrency magazine has published an article today -‘Keep Money in the Game: OneCoin Moves On To New Fantasy Blockchain’ featuring tim tayshun’s take on onecoin’s new blockchain and underlying ponzi scheme.
cointelegraph.com/news/keep-money-in-the-game-onecoin-moves-on-to-new-fantasy-blockchain
between the cryptocurrency community’s rejection of onecoin as a scam and the regulatory warnings across several countries and the london police investigation, onecoin is fast approaching a brick wall. crash and splatter.
Lololol. ZimbabweCoin.
jamie redman of news bitcoin has an article out about fenton’s letter.
news.bitcoin.com/bruce-fenton-letter-onecoin/
it’s great that the cryptocurrency community is rallying together to press the Red Hot Alert! button on onecoin.
the press can only but raise awareness, and then it’s the turn of the regulators to step in and do their shop shutting stuff.
with onecoin poised to re-enter the US with recruitment meetings in the near future, i’m hoping US regulators will get cracking.
if onecoin is under investigation both in the UK and the US, it will pretty much kill off any pretense of legitimacy these guys try.
onecoin affiliates have been crowing about jay samit speaking at their bangkok event, as if his short speech legitimized onecoin in some way.
the onelife.eu blog also boasted about jay samit’s speech without clarifying the reason for his presence at the event.
jay samit had only accepted the invitation to speak as a Promotion for his new book. he believed it was a ‘conference’ of some type and may have not been aware it was a song and dance event with blinking shutterstock blockchains!
onecoin is a master of deception and may have represented that their bangkok event was a conference of thousands about new technologies like cryptocurrency and blockchains.
this is a twitter conversation between jay samit and Lauri Hilliaho a few hours ago:
i don’t know who does the event booking for jay samit, but he should really ensure that they do some background checking before accepting speaking engagements.
clarifications on twitter will hardly undo the damage samit’s speech at a onecoin ponzi event has done, with affiliates around the world using his ‘brand and reputation’ to attract fresh victims.
onecoiners on facebook were thanking onecoin USA peddler and convicted felon tom mcmurrain for landing the jay samit speech. mcmurrain does not even use the name ‘onecoin’ in his US promotions.
he sells onecoin investments in the US under the garb of some ‘new currency university’ or something. so, who knows under what misrepresentations he got jay samit to speak in bangkok!
maybe jay samit should publish a clarification about onecoin on his website?
He’ll know his name is **** when he started checking what event he’s was promoting at.
Jay Samit probably uses the same bookings agent as Tom Jones.
jay samit has responded to my email which had directed him to onecoin articles here, and asking for a clarification regarding onecoin:
it would have been nicer if he posted a clarification on his own website too as i had requested, but he probably does not want to advertise the fact that he spoke at a ponzi event.
anyways, we now have a twitter and an email clarification and this will help dispel any illusions onecoin and it’s affiliates try to create about jay samit ‘endorsing’ onecoin in any way.
@oz
this a video of onelife’s new CEO pablo munoz addressing onecoin leaders in bangkok.
youtube.com/watch?v=4f4q7zy7Vn8
cant believe this guy comes from tupperware and avon!
he’s heading onelife but did not say one word about the ‘product’ [purported ‘cryptocurrency education’].
he doesn’t say the words ‘retail’ or ‘customers’. instead he explains his formula ‘RAP’ which stands for Recruiting + Activating + [something] People. and he talks about Duplication and Duplication. not a word about the product.
he’s impressed with the number of affiliates in onecoin and the high earning compensation plan. he’s impressed that onecoin has produced more millionaires than any other MLM company. not a word about the product.
^^ just the kind of speech the SEC or FTC would produce as an exhibit in court in a ponzi/pyramid litigation.
munoz says china is the most important market for onecoin. since munoz has been in the direct selling industry for over 20 years does he not know that china has special rules for this industry?
for starters, is onecoin even registered to sell its education packages in china?
does he know about the onecoin arrests in china and why ruja shifted her china event to macau? is the former top executive of tupperware and avon encouraging affiliates to sell onecoins Illegally in china?
i don’t know if there is enough material in this video for an article, but i’m sure onecoiners would be tickled if oz welcomes poor pablo into ponzi town with a special [ahem] ‘write up’ 🙂
Just curious, if anyone has noticed increase in withdrawal requests, after the magic doubling of coins?
I would think there would be a rush on the bank, not that the company is going to honor any requests, but….
I mean with the magical double coins everyone is rich and can afford to withdraw now. Might as well try it and see.
There is no downside to trying – whats a few more 100,000 requests?
They are adding lots of collapsed companies every other month anyway.
Lets see if the bank can last long enough to take in all the new funds coming in.
if this image is correct, Onecoin has dragged SiteTalk back from the graveyard and is promising ebay, Macy’s Sears, Walmart, Ali(baba) Express, i-Tunes, etc.!!
facebook.com/photo.php?fbid=1299120300106629&set=a.487398931278774.116289.100000260133669&type=3&theater
This is almost EXACTLY what the first biggest cryptocurrency (Ponzi) scam, PavCoin (XPY) similarly promised pre-collapse!
This last push is getting interesting!!
OMG! JUST FOUND THIS TOO!!!
facebook.com/photo.php?fbid=310733409297032&set=a.230968180606889.1073741828.100010811259441&type=3&theater
I sense some money coming in is drying up.
Also, someone should screen capture some of the member frustrration and comedy going on on their Official FB pages! Wow!
There’s a reason why Avon has been failing and why Avon North America was its worst performing sector. Avon has lost billions since Mr. Munoz became Senior VP/President of Avon North America.
Avons stock price was about $20 when Mr. Munoz took the senior VP / President of Avon North America. Current stock price is around $6. It got as low as around $3.
this looks to be confirmation:
facebook.com/photo.php?fbid=294586524257016&set=pcb.294586427590359&type=3&theater
Wow! They are really on the brink of collapse and just going crazy with this stuff now.
First a coin doubling “that will never happen again” and now this SuperSplit!? Just wow! You can’t even make this up!
It’s like some alternate reality, where our logic/math/physics doesn’t apply.
SiteTalk has already failed multiple times though, first with Unaico and then with OPN.
My point exactly. What I wonder is of it is destined to repeat this by design?
(Actually that is a rhetorical statement)
i guess this announcement confirms onecoin is fast running out of funds!
ruja’s private exchange x.coinx.com has been down since the oct 1 event and affiliates cannot encash their ponzi points.
i think even recruitment commissions are coming under strain now, as evidenced by the announcement of this ‘supersplit’ so soon after the once-in-a-lifetime-never-again doubling of coins on oct 1st.
onecoin has broken the bottom of being just stupid and has descended to being stupidly comical now. and slapstick comedy at that – they’re slipping on banana peels and we’re going hahahaha…
Just look at the Eventlist.
Stephan Steinkeller of to London Oct 15.Well good luck to that…
I do really hope the Big Scammers Nilsenius and Tavakoli will be stopped in Norway
onelifeevents.eu/en/events
*just for laughs*
if onecoin was a james bond movie what could we name it?
Markus Panomies Persson, FB:
🙂
LOL, here we have an ExGoldfinger. The Steinkellers welcome Top Earner David Imonitie.
(Ozedit: link broken)
OneCoin imaginary market cap (i.e. alleged amount of coins times the OneCoin self-stated “value” of one coin) is now TWICE the market cap if Bitcoin (similarly counted but using real life verifiable values).
I wonder if any of the donkeys who have “invested” in OneCoin has realized no media anywhere noticed this, nor made a headline of it? 😉
The link again:
Top Earner David Imonitie Joins OneCoin/Life
businessforhome.org/2016/10/top-earner-david-imonitie-joins-onecoin-onelife-network/
The OneStuff FB is indeed busy, mainly from punters asking why they can’t sell any coins because of the exchange “maintenance” or offering them at 2 euros each with no takers.
Time to double everything up again….
OneCoin Mastermind Bangkok and OneCoin becoming the “biggest cryptocurrency in the world” effect on Bitcoin market price? It doesn’t seem like the OneCoin reps’ claims, that bitcoiners are scared of OneCoin “The Bitcoin killer” is valid..
d17oy1vhnax1f7.cloudfront.net/items/3f1g1z001p432w1G021P/Bitcoin_currency_price_Oct1.PNG
By the way, OneCoin just exceeded double the market-cap of Bitcoin, sounds legit…
Bitcoin market-cap: 8.77 billion euros
OneCoin “market.cap”: 17.66 billion euros
You can find OneCoin’s “mined coins” amount here: onecoin.eu/tech/other/getCoinsMined/
Onecoiners are now spreading this Tom McMurrain’s post where is comparison between OneLife.eu and Bitcoin.org traffic, and of course onecoiners are celebrating that OneLife/OneCoin is clearly #1 in everything.
Just lol. OneCoin backoffice is accessed though OneLife.eu, when there are countless 3rd party Bitcoin service providers, so there’s absolutely no need to visit bitcoin.org in order to use Bitcoin.
But of course the “educated” onecoiners don’t realize this.
Of course onecoiners also claim to be the biggest in market-cap, well yeah, their fake market-cap, over 17.66 billion euros is over twice that of Bitcoin, but who believes it.
And OneCoin #1 in usability. Just lol. How many people have bought anything with OneCoin?
They are #1 in annual growth of MLM Ponzis, that is the only thing which is actually true.
facebook.com/photo.php?fbid=1275721469114058&set=a.261966537156228.69896.100000286507241&type=3
the coin telegraph has a new article out today in which bruce fenton, the founder of the bitcoin foundation, reiterates that onecoin is a fake cryptocurrency and a ponzi scheme: ‘Bruce Fenton: Onecoin Has No Value, When It Collapses, Regulators Will Blame All Cryptocurrencies’.
the article already has more than 7000 views.
the comments section has this hilarious take on the looping shutterstock video that rujamama passed off as her new blockchain at the recent bangkok event:
cointelegraph.com/news/bruce-fenton-onecoin-has-no-value-when-it-collapses-regulators-will-blame-all-cryptocurrencies
New probably high priced package (not for Europe), price not announced in the news letter.
us9.campaign-archive2.com/?u=cf9659fd672fe664d487e7e1b&id=cf7d8b266d&e=97abf74a55
Numbers in Chinese culture: The word for “eight” (八 Pinyin: bā) sounds similar to the word which means “prosper” or “wealth”.
Supreme Trader includes:
1 888 888 tokens, 1888 onecoins, 188 888 BV.
Kissing some chinese ass, are we..
It is not surprising considering the member count in China, that OneCoin conctrades on that market: i.imgur.com/N21gAXs.png
As said on the newsletters, Supreme Trader package owners get priority trading rights.
Meanwhile on OneLife FB site: d17oy1vhnax1f7.cloudfront.net/items/1Z2S3M2R3B1V1m2Z1P13/OC_problems1.PNG
There’s a message in the blockchain section of the onecoin backoffice. Just below the blockchain graphic
Looks like they saw all the messages calling them out for deception of playing a shutterstock video making the ignorant onecoiners think some mining was happening.
lol!
Since the “Big Reveal” in Bangkok 2 weeks ago, Chris DeRose (Bitcoin Uncensored), Ari Widell (Scam Detector), others, and myself (via CoinTelegraph) have published links to video and Shutterstock looped video stock footage of what the #KleptoQueen CLEARLY identifies as being their new “blockchain.”
HERE is the transcription of exactly what Ruja states while pointing to the stage, to what she CLEARLY STATES, INDEFINITELY as their blockchain:
The comedy level of such words for a “200+ IQ” “cryptocurrency expert” is priceless! Lol.
And now the crypto community and Reddit are having their way with this, as well as more and well respected community leaders in the space beginning to speak up directly against the scam!
It’s exciting to see BMLM (Oz) work and the communities work on exposing this scam begin to reach fever pitch!
Amazing to see Ruja and company absolutely grovel trying to spin each new revelation, as well as desperately introducing all new, ridiculous quadruple splits and possibly a new half a million Euro package (or whatever it may turn out to be), not even 10 days after “the most important and significant event in OneCULT history!”
I actually sent Orville Redenbacher a personal invite to the viewing party!!!
looks like the national [training] event of the onecoin dream team UK, is going to be held on the 15th/16th oct inspite of the london police investigation.
they claim around 1200 people will be in attendance.
the venue is at:
United Kingdom, London, The Brewery 52 Chiswell Street, London, EC1Y 4SD
i have submitted a complaint about this onecoin event at actionfraud.police.uk which is the forum for complaints about online ponzi/pyramid investment fraud.
my complaint reference number is NFRC1610015819xx
here’s hoping the event organizers will be just a little bit jittery now, considering that london police is already investigating onecoin.
the onecoin leaders at this event are:
i have included these^^ names in my complaint.
going on a fortnight now since the bangkok event, and xcoinx.com is still in ‘coming soon’ mode.
there seems to be no information from onecoin about when affiliates will be able to encash their coins.
meanwhile affiliates are offering this explanation for the exchange being down:
it seems uplines are feeding bull to newer investors that xcoinx is not owned by onecoin.
so, ruja can mine 2 billion coins onstage in a minute just by yelling ‘GO GO GO!!’, but cant get her private exchange working even 11 days after the event?
Come on now be fair. The internal exchange is a bit more complicated than an Excel spreadsheet script.
so, i tried being fair but i’m up against this:
a peek behind the scenes on how ‘easy’ it is to ‘trade’ the cryptocurrency which has beaten bitcoin.
conversation on the official FB page of onelife from a few hours ago:
the website of xcoinx has no message indicating that the exchange will be functional from wednesday.
The latest newsletter from Onecoin refers to the internal exchange as “the internal practice trading platform”.
This goes along with Kari Wahlroos in the latest Tampere event stating that the internal exchange is only “a training platform” and muttering something about it having a lot of glitches.
Onecoin has been operating two years already and claims to run a multi billion dollar business and being the fastest growing company in the world.
They claim to run a blockchain that’s capable to even more transactions than all the credit card processors in the world. Yet they still have no transactions going on.
After two years they have only managed to have a shitty internal market place with absurd limits for selling coins. M.A.B. has been out there over a week and no market places to spend those 2 billion coins onecoiners have.
Hello dear true people who are not affraid to hunt these malicious greedy scammers!
I read every single material concerning Onecoin ponzi (at least I think I did), and I am sure that this is what it is:
A ponzi.
Yet I have came across a video that shows a taxi company from Peru, a latin american country which is accepting Onecoin as payment.
Now we all know that Onecoin often lies (always lies) about everything surrounding them.
Please, if you have time can you debunk this for me?
I am clueless about the lie here, yet I am sure that it’s not 100% true what is stated in the following video:
youtube.com/watch?v=nlIHWoJ7tj4
Also this site is new to me:
onecoinpartners.com/
This must be the hook that will get Ruja 1 million merchants I guess.
Ain’t that funny that Ruja wants the merchants to buy the 1000 euro and 5000 euro packages? Or what am I missing here about this.
If I get it correctly she wants 1 million merchants in some period of time where the merchants must buy these “packages” or something.
Best regards!
OneCult is being investigated in Bulgaria.
Interesting article on the Bulgarian newspaper “BANKER”:
banker.bg/finansov-dnevnik/read/opasni-strasti-s-onecoin
So The whole attack comes from Bitcoin…
A reasonably good article, laid out so the silly numbers quotes confirmed the earlier warnings, and the closing phone call was quite funny.
The lead photo: The middle ranking eurocrats thought she was a waitress in the background.
I vaguely remember the timetable for that event where she “addressed World Leaders”, she had 15 minutes in a side room at 10.30 in the morning.
Owner of taxi company signs up as a OneCoin affiliate, buys into the Ponzi dream and accepts OneCoins (must transfer through backoffice) as payment.
It’s the same story as the cafe “accepting” OneCoin, or the car dealership.
OneCoin needs a constant source of newly invested funds or it can’t pay out existing investors. Who signs up for packages is irrelevant to them.
MuroBBS delivers: Tiger App Builder has identical menus with OneLife Mobile App Builder.
murobbs.muropaketti.com/posts/1717977234/
I can make screenshots available tomorrow, but in the above link is comparison of Tiger Feature menus and MAB Feature menus. Identical with differences only in how some selection switches are graphically presented.
And in this post: murobbs.muropaketti.com/posts/1717977182/
Are some screenshots comparing Tiger and MAB when you press the spoiler-button.
The finding was made by MuroBBS member pieniapina.
Tom McMurrain left out the Top Achievement of OneCoin over the past 2 years (with his help): #1 Ponzi Scheme in the World.
He says OneCoin is #1 in Usability. Well, he did admit that “People lie” And, with this post, just proved it.
Kari Wahlroos says OneCoin is already in almost 1000 shops. Tom McMurrain liked it so much that he shared it with the rest of his social media contacts.
The good news, he’ll be a able to save a lot of money on sun glasses. No need for them where he’s headed. 🙂
And what shops would those be?
Great find WhistleBlowerFin, I wonder how the MuroBBS boys made the link?
That’s some next-level forensic analysis…
that just means onecoin has sold 1000 apps so far.
current affiliates can sell apps to their downlines and earn commissions. how many of them actually have a small business and intend to use the app is unknown.
also, since one onecoin is approximately 7 euros, and onecoin is not divisible, it means that 7 euros is the minimum discount that a merchant can offer to a onecoin affiliate.
if a merchant offers a 10% or even 20% discount on his products then the product cost will be 70 euro or 35 euro. this eliminates purchases like a pizza or a coffee or a haircut or a flower bouquet, and affiliates have to make a purchase worth 35 euros minimum, to have the privilege of ‘paying’ [ie getting a discount] with onecoin. right, or am i missing something?
no waaaaay. cool people Always wear sun glasses indoors, outdoors, jail, wherever!
it’s about coolness quotient!
for instance, kari wahlroos saw this and decided to invest in a whole range of sunglasses because he’s oh sooo cooool 🙂 :
youtube.com/watch?v=k4yXQkG2s1E
Hi,
Thanks Oz for answering I think I get it now. I am very sad for the people who bought into this scam.
I have another question though:
Does anybody know if OneCoin ever had a single transaction between two users since 2014?
I guess the answer is simply No.
Addition to comment #18
The video of Jay Samit‘s speech during the mastermind event in Bangkok is still online.
share-your-photo.com/1d6fdff699
youtube.com/watch?v=9AWhnIuyzXM
This video was uploaded by the bankrupt OneCoin scammer Geri Savini, who fled from Europe to Paraguay. There he’s trying to sell watches and other goods (houses, bathrooms, etc.) on DealShaker. As always unsuccessful. He’s not offering anything at the moment.
share-your-photo.com/6e22934162
Like the Bulgarian used car seller Petar Kralev, he demands prepayment in euros or dollars and then disappears with the money without delivering.
share-your-photo.com/7bc06cb6e4 (Real estate in Paraguay)
Geri Savini advertises this website in a PDF:
raum-architektur.at
share-your-photo.com/994b41b910
A website from Austria and a phone number from Paraguay don’t go together properly, right?
Of course, this website no longer exists. In the PDF a deposit of 10% had to be made, the remaining 90% could supposedly be paid with worthless ONE.
pdf-ins-internet.de/dateien/org_Grundst%C3%BCck-SANTA-MARIA-Paraguay-f%C3%BCr-ONECOINER-1.pdf
Let’s not forget that Geri Savini was saying he spent his last summer vacation with Konstantin. We should be so lucky!
@ Stevie
There is a photo of Geri Savini (center) with Konstantin Ignatov and Duncan Arthur from the former NewDealShaker:
share-your-photo.com/0ae2b73819