OneCoin steals “thousands of dollars” from another affiliate
In bitcoin and other legitimate cryptocurrencies, when you exchange funds for the coin – you own the coins and nobody can take them away from you.
In OneCoin, “coins” are just numbers in the OneCoin backoffice. Slowly but surely, more and more OneCoin affiliates are realizing that OneCoin’s backoffice points can be seized by the company at any time.
In an email sent out to Ryan Conley yesterday, OneCoin advised him that they have frozen his OneCoin account.
You are prohibited from harming the rights of or harassing the company, its other partners, its affiliated companies, or other third parties in the course of their activities; you are also prohibited from violating any other applicable laws.
Furthermore, IMAs are not permitted to make false or misleading statements about the company’s products or One Life Network.
Moreover, IMAs are also prohibited from recruiting other One Life Network IMAs for the sale of other company’s products.
IMAs are also prohibited from violating – by entering into another contract – the rights of other IMAs or other sales contracts concluded with further companies and the clauses of which are still valid.
Regarding the above, we kindly ask you to immediately undertake the necessary actions to terminate the said violations.
Please be informed that any violation of the terms and conditions, including the above mentioned policies is a subject of sanctions, including suspension/or termination of accounts.
Please also be informed that as the violation established presents significant action against the company’ reputation and credibility, we are forced to freeze your account and to undertake further legal actions eventually.
The “violation” OneCoin reference in their email is a Facebook post published by Conley on July 17th:
Exactly how much money and OneCoins have been seized from Ryan Conley’s OneCoin account is unclear.
In a Facebook video published by Conley a few hours ago, he states
OneCoin just stole thousands and thousands and thousand of dollars from me.
Scout’s honor, I’m an Eagle Scout … OneCoin just stole thousands of dollars from me.
I had a major organization, I’ve got the letters to prove it.
I’m living proof OneCoin is a fucking scam. So fuck you Doctor Ruja, straight up.
Fuck you Doctor Ruja, Per Carlson, all you guys in that scam running the thing from the top right now.
If you’re promoting it, stop it.
Doctor Ruja, I’m coming for this whole entire company to bring this shit to the real stuff.
Cause those people (OneCoin affiliates) can’t pull their money out of that company right now, and I have so many people complaining that bought into that stupid thing.
So straight up. You don’t remember who I was? I was the first person in your office in Dubai. It’s on my YouTube channel. So fuck you, OneCoin.
How exactly Conley plans to “come after” OneCoin is unclear.
I’m gunna buy a domain, I’m gunna slam that fucking company like the Hulk.
Just down on the mat. Doctor Ruja’s gunna be rolling around like a pig, upside down getting hog-tied.
I’m sorry, I’m fucking pissed. You owe me thousands of dollars Mr Ruja… Ms… look I almost called her Mr, I’m sorry – no I’m not.
Ryan Conley is currently promoting the BitClub Network and FutureNet Ponzi schemes. He urges “everyone to get into” them “right now, and put their family members into it also”.
#Bitcoin in the #Benz talk with Ryan Conley! Here is your #crypto updates today! www.BitcoinBenz.com
Posted by J. Ryan Conley on Thursday, 21 July 2016
Prior to its collapse, Conley was also an investor in the MMM Global Ponzi scheme.
Conley is not the first affiliate OneCoin has seized Ponzi points from.
In October 2015 the company seized almost $200,000 in OneCoin points from another affiliate.
Last month the company froze the accounts of top investors in the UK.
One affiliate had invested €5000 EUR in a OneCoin Tycoon Package, two others had invested over €25,000 EUR each. How much in Ponzi points was seized at the time their accounts were frozen was not disclosed.
He’s just as big a scammer so they don’t see him as a threat. He certainly isn’t going to go to the authorities.
So with the “new” policy of not using the word “investment”. Does that mean everyone is headhunting everyone else to get their accounts frozen? member against member?
Is this really what ONECOIN wants?
A huge distraction of people to police their system and tell on each other. All while they freeze accounts and keep more and more money from going out.
Sounds like a perfect storm to me.
After the collapse of MMM Global, Conley was desperately trying to sell his OneCoins.
it seems conley’s differences with onecoin started way back in october 2015, when he published a video complaining about onecoin’s affiliate agreement not allowing it’s affiliates to join other opportunities.
he said onecoin US affiliates had a rough time as they could not recruit locally or use social media to promote onecoin, and withdrawal of funds from onecoin was also tough. his argument was that onecoin affiliates should be allowed to join other opportunities alongside.
he was already promoting bitclub network in oct, 2015 alongside onecoin.
youtube.com/watch?v=TW3–jrxc_8
a few hours ago he posted a comment on FB asking for ken labine’s phone number. it seems he has an axe to grind with labine too.
O for Gods sake! How stupid do you have to be to give this guy your money. I mean come on.
It appears to me that there are people who are using the “i was scammed by OneCoin and I have proof but now I have an even better scam for you” approach to scam even more people.
People like this prove absolutely nothing other than some people have honor and integrity and others do not. These people do not.
Were they actually scammed by OneCoin or did they do something on purpose to get publicity so they can push a new scam to more people? I’m assuming the latter.
It’s the only way to live they know. Understandable, but despicable nonetheless.
It was the beginning of May 2016 that Conley was trying to sell $12,000 in OneCoin for $6,000.
Now they are targeting the deaf community. This Saturday evening in Orange County, CA they are presenting OneCoin to Deaf Night Out members.
What is truly interesting is that the presenter is not deaf but knows sign language very well.
Oh, and the word OneCoin is not mentioned once in their promotion of this event. Just like in Florida and everywhere else they promote it.
Kind of odd for such a legal and legitimate crypto-currency company not to use their name in seminars and promotional events isn’t it.
By the way, some dolt put up some kind of doc claiming it is from the Swedish authorities claiming OneCoin is not an illegal pyramid scheme. And of course our sycophant in chief Ken Labine is bragging about this and said Oz would not comment on it because it destroys us “haters,” or some such nonsense.
Guess he forgot about the Swedish Gaming and Lottery Agency stating OneCoin was an illegal pyramid scheme and that ruling has not been rescinded.
Remind me again???….How did the company “steal” thousands of dollars from anyone….they were never worth anything from the beginning!!!!….
Oz and all of his faithful readers have tried for almost 2 years to tell people this!!!!..But did they listen?? Of course not!!
Why should they…. Oz being right almost every single time he evaluates these scams wasn’t enough to dissuade them then… people always need to find out the hard way!…
Come on people…would you all wake up already????
But… but… but… OneCoin told me my backoffice points were worth millions!
I’m rich bitch! Ur all just haterz!
Good! He promotes bitcoin ponzi schemes all over the world where real people lose real money. Now he knows what it feels like.
I’ve been approached by OneCoin recruiter and he had his lecture on me and I’ve never heard of any cryptocurrency besides BitCoin.
It took me exactly one day to read carefully about all the facts (thanks for his “don’t read anything on internet it’s all for clickbaits!11” that actually was one of the major red flags for me) and I realized what a scum it is.
Needless to say, after I’ve asked him about facts and particularly my favourite one detail – the OneCoin tablet, he got so uncomfortable and told me “I’m not ready yet for this amazing opportunity”.
Could not stop the smile for days looking and reading how pathetic Ponzi-cult is. Probably the only positive thing I’ve got from that – finding this website and expanding my knowledge on all this Ponzi schemes (to educate my family and friends), Which I’m thankful to you guys who put so much effort everyday, this is terrific!
Glad to hear you did your due-diligence and were able to ask the right question Ronnie. Thanks for the support!
@Oz this is getting better and better! From Monday on Onecoin will have 2 new Packs (Valid until 01/10/2016, maybe when Onecoin will be gone???)! One of it costs 118.000€ (ONE HUNDRED AND EIGHTEEN THOUSAND EUROS)…. LOL …. Ohh wait… It includes 1.3 million tokens… 🙂
postimg.org/image/y9ukf5m8x/
Why not just have a billion dollar pack? Comes with eleventy billion tokens.
It’s all monopoly points anyway…
In any investment it is always important to know as much as possible about who is running the enterprise.
BitCoin, in which Ryan Conley also invests, does not “pool” the investments but segregates the investments by account owner. Thank you for bringing this situation to the investment community’s attention.
Were can you spend Onecoin at? You see Onecoin has a CEO Bitcoin does not have a CEO, Onecoin has a head office Bitcoin does not have a head office.
Bitcoin is for the people, Onecoin who knows were that is going! Oh Ya here in the America the SEC is looking into Onecoin too!
sec.gov/investor/alerts/ia_virtualcurrencies.pdf
All that J. Ryan Conley does give people a chance to get into Bitcoin!!
(Ozedit: Offtopic derail attempts removed)
My goal in this industry is far above a paycheck, it is more to support the industry in an effective and proven way that the majority of the leaders in the crypto space believe it is truly the path to get Bitcoin out to the mainstream.
This is the path of freedom my team and I are chasing. Any questions? 🙂
Ryan and Bitcoin will be bigger than anything onecoin will ever be. He is a true servant leader and I am glad I met him.
@Uni – from the FB page of “Ruja Ignatova:”
“ABSOLUTELY CRAZY” – LOL. She said it herself.
O for good sake I just went to the xcoinx website when you go to the xcoinx.com/faq they copied the page from bitstamp.net/article/relaunch-faq/
I mean point by point what the hell is going on here?
WOW! 118,000 euros that must buy you a LOT of education.
So with the additional packages is there any talk of the additional “education” people are buying?
Or is it we do not speak “investment” yet that is really what is going on here.
NO one is being fooled no not a single one of us.
So you can double and split worthless coins to infinity where is the excitement really?
Probably the cash commissions on these packages are really crazy.
Greetings Ryan Conley astroturf club, your spam about other opportunities has been removed. Do not repost.
As to the legitimacy of FutureAdPro and BitClub Network, both are Ponzi schemes. Conley’s known track record is four Ponzi schemes now (including OneCoin and MMM Global).
One scam can be forgiven as ignorance, at four though you’re looking at calculated intent to defraud.
These are not the actions of a “servant leader” looking to help people.
AFAIK OneCoin haven’t added any additional “educational content” beyond the 5000 EUR package. All the higher priced ones have just added more OneCoin points.
@ Mybugs67
Thanks for that post with the link to the SEC warning people about “Investor Alert – Ponzi Schemes Using virtual Currencies”
From the report:
IF you are one of the ponzi pimps who is selling OneCoin to your friends, family members and social media contacts, you might not sleep too well after reading this sentence again:
Common Red Flags of Fraud Many Ponzi schemes share common characteristics.
Following are some red flags:
NOTE: I have added a “✓” to each Red Flag where OneCoin is guilty below.
1. High investment returns with little or no risk. every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. “Guaranteed” investment returns or promises of high returns for little risk should be viewed skeptically. ✓
2. Overly consistent returns. ✓
3. Unregistered investments. ✓
4. Unlicensed sellers. ✓
5. Secretive and/or complex strategies and fee structures. ✓
6. No minimum investor qualifications. ✓
7. Issues with paperwork. ✓
8. Difficulty receiving payments. ✓
9. It comes through someone with a shared affinity. ✓
There is no room for interpretation of the facts laid out by the Securities and Exchange Commission.
The link: sec.gov/investor/alerts/ia_virtualcurrencies.pdf
If you are still promoting OneCoin in an effort to earn that 10% commission (and 10% override) on the investments by your friends, family and social media contacts, you do so knowing the risks.
OneCoin – ACultureOfFreedom?
Nah, not even close. More like a ACultureofCriminalBehavior!
OneCoin Pimps – remember – individuals selling investments are typically subject to federal or state licensing requirements.
Unless you are properly licensed with the SEC, you are GUILTY of selling unregistered investments AND not obtaining proper licenses to do so.
IMHO, this is NOT going to end well for our OneCoin con artists here in the good ole USA. I am predicting clawback for all of them and (if past experience is any indication) possible prison time for some.
Stay tuned!
Here’s the Ponzi/Pyramid Scheme path Ryan Conley has actually taken:
Isagenix, Viewtrakr, Staged, Buzztrakr, Kannaway, Brain Abundance, Ingreso Cybernetico, Wake Up Now, YOBSN, Jeunesse, IQKonnect, TSU, Elevate Solar, Solavei, OneCoin, MMM Global, BitClub Network and Future Net.
NEW VIDEO OF RUJA ON THIS “CRAZY OPPORTUNITY!”:
reddit.com/r/Bitcoin/comments/4ujafa/onecoin_fake_blockchain_scam_still_going_strong/
@2:45 – Notice how instead of saying the words “investment,” she emphasizes that with all the splits, doubling, and other magic “F-YOU’s” to Economics, for just 118,000€ (and your funds locked up in Coin [un]Safe) that this package will net you OVER TWO MILLION ONECOINS!!!!
While at today’s “price,” you can instantly count on at least a 13,000,000€ net gain, assuming that in 2 years (the date when you can pull your coins out) that the “price” of Onecoin is $30 a coin (“conservatively”), than a small 2nd mortgage on your home of 120,000€ (figure closing costs), than you will turn that 120K into over 60,000,000.00€ !!!! HOW COULD YOU GO WRONG?!?!?
…oh, almost forgot!!! You also earn 13% commission on the coins! since you kept them in CoinSafe!!! That alone will cover the initial investment!!
If you notice her body language in this video, I haven’t seen her use this kind of body language since some of her earliest videos (wherein you could see that she is completely uncomfortable in her own skin taking about “cryptocurrency” which she knows nothing about).
This is getting pretty scary for any final “big investors!” Suicide projection rates just leaped up a few percentage points as her excited audience listened to this. WHEN WILL THIS END!?!?!?!
Bitclub network and FutureNet are FAR from ponzi schemes! They offer real returns from building organizations of individuals making one off purchases of real products and traffic sources respectively with bitcoin.
In Bitclub, the mining pools are incredibly lucrative and the just announced merchant services & crypto arbitrage software will change the game!
Onecoin clearly is a fraud with no open ledgers and centralized “mining” (an oxymoron) the day will becoming soon when they get shut down!
Hopefully Conley sees his money back but I’m not holding my breath, too bad these people behind it are crooks and the type that give all of network marketing a bad name!
FutureNet is a simple ad-credit Ponzi scheme.
BitClub Network’s BTC mining pool revenue, dollar for dollar, does not cover commissions paid out through their MLM compensation plan.
The only identifiable source of revenue entering BitClub Network is affiliate funds. 1+1=2.
Bitclub network and FutureNet are FAR from Ponzi schemes !
I strongly agree with this comments too. I’m on this 2 business and I do get paid from both. They are a really stable companies that you can decide your investment with for long term.
I wish Ryan get his money back from Onecoin in a compromise talk / agreement that would be nice to close the chapter. However , by nature of the thief , I think it’s hard. Because stealing is common and by nature of thief ! It’s dirty soul and mind!
Whether you scam people who join after you successfully or not has no bearing on FutureNet and BitClub Network being Ponzi schemes.
The stability of both companies also has no bearing on both being Ponzi schemes.
BitClub Network and FutureNet are Ponzi schemes because they use newly invested funds to pay off existing investors.
So now Ryan has a webpage where he’s trying to expose OneCoin. It’s a bit odd as he’s also trying to sell OneCoins at the same time and advertising Arbitrage.
(Ozedit: link to affiliate spam site removed)
Also if you want to move this to a BCN topic thread, pls go ahead.
@Mr. Ponzi – As I can interpret what J. Ryan Conley is doing, it’s slightly genius, in that he is taking Onecoin into a kind-of “open market” against Onecoin’s will, thereby finding true “price discovery.”
Likely, the first coins will find buyers at maybe 65-75% value, but this will almost certainly decline.
As I understand he is charging a flat $10 fee to sell any amount (or package, I assume), and the site itself, obviously expresses its disdain and stance that Onecoin is a scam – so only “die-hard” Onecoin believers will go there to pick up discount (ie., worthless) pseudo-coins on the fly.
Will be interesting to see how this dynamic plays out. *eats popcorn
@tmfp
I can’t move comments to different articles but feel free to repost.
OneLife FREEZES Account of Angelina Lazar, threatening to SUSPEND her due to this Petition!
change.org/p/7101878/u/17666015
I’m unsure if Lazar holds any ponzi coins which have been seized or not, or maybe just some tokens (?). Will try to find out.
When the alleged coins are seized is the point at which I find it interesting. According to the scheme, Tokens are a ” gift,” but when you use that gift to *mine (*actually, “EXCHANGE” – there is no mining) for a cryptocurrency, than you own it.
Otherwise it is not a cryptocurrency (which, of course it isn’t for various reasons, the foremost being that there is at present, no blockchain).
The Letter from “Compliance” is actually pretty funny as no single human being is putting their name behind the threat to freeze her account. Like so many Onecoin “yours truly” letters, it’s just signed, “Compliance.’ Lol.
@Tim
Going off memory here, but wasn’t that account gifted to Lazar by another OneCoin affiliate?
If you do find out how much was seized I might put something up. Bit vague at the moment though.
@Oz – I’ll try to find out from Lazar tonight
@Lyndell (& others)
If you are hearing impaired, you can still “learn how to profit from digital currency (ie., Onecoin),” in Orange County, California, Saturday, September 17th – you know, cause shit ain’t tough enough.
SEE INVITE: pin.it/M3rajm7
This has really gotta stop.