OneCoin lose “secret” Abu Dhabi bank account
Following a large number of bank account closures in 2016, OneCoin began to get very secretive about their banking details.
Previously accounts for affiliates to deposit invested funds into were provided in the backoffice. Today affiliates need to go through designated “leaders” who route invested funds into OneCoin’s accounts.
Ari Widell, author of the Scam Detector blog, recently discovered that one such account was held with Abu Dhabi Commercial Bank in the UAE.
Widell appears to have deduced OneCoin was using the account via information available through a OneCoin giftcode website.
Unable to use their own company name for some time now, OneCoin had opened the UAE account using the shell company name “SAFA Trading Ltd.” Widell claims OneCoin had been using the account to accept investments of more than 7500 EUR.
Two days after Widell went public with the Abu Dhabi Commercial Bank details, the bank froze OneCoin’s account.
I have to give credit to the bank for its swift action against money laundering. Hopefully this will prevent at least some of the ponzi victims from losing their money.
Widell has also identified a OneCoin account with Banco Sabadell in Spain. The account is in the shell company name “One Payment for all S.L “.
The Spanish bank they still have an account in hasn’t reacted yet. The bank account in question has been used for money transfers below 7500 euros.
Widell reports that in light of the Abu Dhabi Commercial Bank account freeze, OneCoin are now routing investments of 7500 EUR or more to the Banco Sabadell account.
Stay tuned…
So much for having the most transparent company ever.
As I see it, the authorities have less than 5 months to do something, if not sooner, or they are going to pull a runner.
All the warnings being given by various countries is great for the citizens of their country, but means absolutely nothing to non-citizens of other countries. It is going to take actual charges being filed to shut down the recruiting and force OC’s hand.
does they lose money when they lose bank account? why just simply not use bitcoin.
OneCoin does (did?) accept bitcoin. The people they’re scamming in third-world countries don’t have bitcoin though.
Also it would be suspicious for the “fastest growing company in the world”, to only accept Bitcoins. It has already hurted them a lot that they lost close to 20 public bank accounts.
But of course, there are always people who give money even to a “Nigerian prince” in hopes of profit..
But here even reasonably sane people can become victims, because in this scam OneCoiners appear as “educators” of cryptocurrency, giving superficial knowledge about cryptocurrency and then include their OneCoin agenda to people who have no knowledge of cryptocurrency and are unable to judge what is valid and what is not.
Yes they accept Bitcoins.
From time to time it has been possible to use OneCoins to buy gift codes for packages, but not with Ruja’s coin value, but with much worse 0.5€/coin exchange ratio.
When this works, it’s a fast way for upliners with lots of coins to get cash, as they can use their worthless OneCoins to get gift codes, and then sell the codes for cash to victims. At the moment this option is not available.
Now the gift code website is down. It might be that their last account is frozen. Maybe?
GiftCode Distributor: codeservice04.com
If Ari Widell’s evidence is to be trusted (frankly, it feels a little circumstantial) they *also* just lost the Spanish account:
kusetukset.blogspot.fr/2017/01/onecoin-lost-its-secret-bank-account-in.html
This is their Bitcoin address, it has always been the same since the start in May 2016: 17amYMHaaJ8Z7zfcgHXG6KvR97F2r3faDq
You can follow all Bitcoin transactions via this hyperlink:
NOLINK://blockchain.info/address/17amYMHaaJ8Z7zfcgHXG6KvR97F2r3faDq
Today 6 Starter packages (EUR 140) and 1 Pro Trader (EUR 1100).
This graph shows the Total BTC received per day:
NOLINK://blockchain.info/charts/received-per-day?
timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=17amYMHaaJ8Z7zfcgHXG6KvR97F2r3faDq
Far from a booming business and in complete contrast with all good news spammed by the company. Even the loss of their bank accounts did NOT result in an increase of Bitcoin inflow.
I’m sure they have more bank accounts via these different Gift Code distributor sites. And of course they are opening new accounts using shell companies all the time.
But It’s good codeservice04.com is down. It means most likely OneCoin lost the Spanish bank account also.
It’s pretty obvious “giftcode” is really a referral code.
My prediction:
1. XcoinX will open some time after DealShaker has been opened (Feb 16).
2. XcoinX will have added the functionality of OneCoin virtual shares OFC trading, or at least exchanging OneCoins to OFCs.
3. A shell company will later become the owner of one of the actual OneCoin -related company. This shell company will be listed on some small public exchange if it passes the screenings.
4. OneCoin OFCs will be then converted to the shares of this shell company which will be listed on the exchange.
5. Share value collapses. Ruja, Sebastian & other top leaders can now try to escape fraud charges.
This almost exact scenario has infact already happened quite recently and involved some of the same key people now influencing in OneLife/OnceCoin; Sebastian Greenwood, Frank Ricketts, Kenny Nordlund, were part of the OPN/Sitetalk IPO, which happened similarly like described above.
There was an internal exchange to trade SiteTalk OFCs, and then SiteTalk IPO was executed using a shell company. A shell company became an owner of SiteTalk, and virtual OFCs were converted to the actual shares of this shell company. The shares later collapsed.
Here is a screen cap of warning to the members of OPN/SiteTalk about the SiteTalk IPO: SiteTalk IPO Warning.
The first try of OPN/SiteTalk going to the public exchange with the shell company named ST Communities Ltd was unsuccesfull, because the GXG exchange kicked them out.
The Second try using a shell company called Global Digital Services PLC was succesfully listed on the Cyprus exchange. Global Digital Services PLC became the owner of SiteTalk. Now OPN/SiteTalk members could convert their SiteTalk OFCs to Global Digital Services PLC shares.
You can find the announcement to the OPN/SiteTalk members here
The SiteTalk IPO results are still available for everybody to see as the Global Digital Services PLC is still listen on the market. You can see the results of that IPO here.
So, this kind of IPO scam involving some of the same people now in OneCoin, like Sebastian Greenwood, Kenny Nordlund, Frank Ricketts already happened once. Now they are doing it again with OneCoin.
At least the former OPN members who are now part of OneLife should recognize what is going on. “Fool me once, shame on you. Fool me twice, shame on me…”
One Life Newsletter of the week. Someone on facebook(Ruja Ignatova) asked “Can we sell Marijuana and Hachich on Deal Cheater?”Bet theres no problems.
us9.campaign-archive1.com/?u=cf9659fd672fe664d487e7e1b&id=8142495bf9&e=a0e0b3336a
I’m so looking forward to February 16, when the Dealshaker shopping section is supposed to go live.
according to their onecoin.eu/en/news/over-3000-registered-merchants-with-dealshaker webpage:
Do you think they will be able to buy all the “bling” the world has to offer? Maybe some ballroom gowns, etc.