OneCoin to hold Global Mastermind event in Bali, dupes Indo govt
You’d think with their CEO in prison and former CEO and founder a fugitive on the run, that OneCoin would be laying low.
But no… OneCoin is gearing up to hold a secret Global Mastermind event in Bali, Indonesia next month.
As is typical for OneCoin, the planned Global Mastermind event was booked without disclosing either the OneCoin or OneLife company names.
A document has emerged, purportedly showing approval for OneCoin’s planned event from the Department of Cooperatives and Small and Medium Enterprises’s Bali office.
Note that neither OneCoin or OneLife aren’t mentioned anywhere on the document.
That’s because the event has been named “Bali Activities Digital eCommerce eXpo 2019”, or “BaliDex” as it appears in OneCoin’s marketing material.
BaliDex is being presented as a DealShaker expo. You might be forgiven for taking that at face value and assuming therefore the event has nothing to do with OneCoin’s Ponzi scheme.
Internal promotion of the event however features top OneCoin scammer Simon Le headlining a “Global Mastermind” event.
OneCoin’s Global Mastermind event is not referenced in the Department of Cooperatives and Small and Medium Enterprises’s approval letter.
Whether the Indonesian government is aware BaliDex will be used to promote OneCoin’s fraudulent business model is unclear.
Owing to OneCoin having a relatively small investor base there, Indonesia appears to have been chosen as one of the few countries OneCoin can hope to hold a Ponzi promotion event in.
OneCoin’s last event in Italy earlier this month, which Simon Le also attended, resulted in multiple arrests and the seizure of €117,840 EUR.
OneCoin’s BaliDex event is scheduled to take place from the 30th of August to 2nd of September, at the Bali Nusa Dua Convention Center.
Someone please tell me that Indonesia has an extradition agreement with the US?
Update: sadly not.
Not sure if Simon Le is a person of interest in the US cases.
You’d think Vietnamese authorities would be going after him for what he’s stolen from his countrymen, but Vietnam is one of the MLM crypto scam capitals so…
Simon is a US citizen, holds extensive properties on the west coast, his parents live there and two of his children. His wife was born there.
Scammed me blind.
If Le is a US citizen then why does OneCoin stick a Vietnamese flag under him?
Surely they’re not trying to cover up one of their top promoters is from the US?
Simon Le nurtured and headed the Philippine and Vietnamese leadership organization of Onecoin/ OLN recruitment, remotely, for events in based California (USA) cities: San Jose, Sacramento, San Francisco (Northern California), a well as cooperating with leadership to host a similar event in Buena Park (Orange County, California) in 2016/ 2017.
His reach may have been even wider, but these are the cities I have evidence he was involved directly in leading such promotions of the ponzi scheme in USA.
He’s also, arguably, the #2 scammer in the entire crumbling organization (behind Jose Gordo) responsible for the most substantial, and still present economic fraud and ongoing financial devastation which still occurs under the Onecoin/ OLN banner.
Lets not forget Simon Le’s OneCoin/OneLife MLM marketing IN A CHURCH in Uganda..
Of course the church bishop being involved in the OneCoin/OneLife scam as well.
Can’t get much lower ethics than that:
This is the Balidex main organizer person in Indonesia, OneLife Global Leadership Group member “Dr.” Putra:
Since June 2016, OneCoin scammer Sulistya Putra (left) has also been “Silver Director” in the LIFEPHARM GLOBAL NETWORK:
A source says Simon Le has US and Vietnamese passports. Apparently he also has a purchased Vanuatu passport.
Pages 28-29 of the DoJ’s Konstantin document(justice.gov/usao-sdny/press-release/file/1141986/download) describe communications between Konstantin and “OneCoin Affiliate-1”. I was pretty certain that the “Affiliate-1” is Simon Le. (Not completely certain because some aspects of Denis Murdock might fit the description: an American who has ties to Vietnam and has a “training company” in USA.)
On page 29 is a description a money laundering scheme Affiliate-1 and Konstantin were planning to devise, involving “making use of ‘OneCoin Affiliate-1’s possession of Vanuatu passport in order to help transfer money to OneCoin”.
If your sources independently confirm that Simon Le has Vanuatu passport, then we can be certain that the “OneCoin Affiliate-1” is indeed Simon Le.
Interesting that US authorities didn’t also detain Simon Le if they knew that he was scheming with Konstantin to launder money…( Watch out all remaining OneCoin pimps, he may be wearing a wire! 😉 )
And what are the odds that in BaliDex Simon Le will give “investors” this kind of clear-headed projection:
“Crown Diamond” and Master Fraudster Distributor Simon Le in a short video:
If you want to participate in this scam event, you must pay for your ticket with hard Euros, not worthless OneCoins: 😀
Affiliate-1: Simon Le
Affiliate-2: Duncan Arthur “employee of Dealshaker”
Affiliate-3: Denis Murdoch “president at Dealshaker in the United States”
Consistent with: https://behindmlm.com/companies/onecoin/konstantin-arrested-criminal-charges-filed-against-ruja-ignatova/#comment-409386
A couple of days ago there was a webinar in which most of the top remaining OneCoin scammers (Simon Le, King Jayms, Habib Zahid, Muhammad Adeel) opened their mouths.
Link to the hidden youtube video: youtube.com/watch?v=jeh7ImPODkA
As far as I can tell, nothing very interesting in terms of positive content.
The negative content was perhaps the more interesting one: who was missing(Jose Gordo, Veselina Valkova or her Sofia represenative) and what was not said.
They practically shied away from addressing the many difficult questions and problems besetting OneCoin in any meangingful way.
Many of this issues actually popped up in the comments section, like questions about Ruja’s whereabouts, legal troubles in USA and elsewhere, who’s really in charge of the company, the exact date when the exchange opens, lack of progress in DealShaker, etc.
Some vague references were aired regarding Duncan’s project and threats from traitorous former IMAs, but didn’t dare to name them directly.
Overall, lots of strife, restlesness and discontent among members, and nobody willing to address the dire situation and its root causes in realistic or honest way.
@ Semjon. That is very funny! Thank you for posting!
I loved the lady being filmed on the call at the laundromat but not as much as that bell that keeps going off.
I can’t believe so many people are still interested in 1lie so I thought it must be the door to the laundromat being opened and closed.
1lie has always said that they sell education and not a crypto currency, turns out that some of the promoters are gullible also.
Without Jose Gordo, but with
– Simon Le – Habib Hazid (*) – King Jayms – Fred Fok
– Luca Miatton – Sayid Abdi and – Jesse Choi
another fraud event will be held next weekend in Ho Chi Minh City, Vietnam:
(*) Of course, this cheater is called Habib Zahid! The fraud center in Sofia does not know the real names of their top scammers? 😀
@ Melanie: Fred Fok’d up, “KingMyA$$” Jayms and Simon “Bruce” Lee, Fuca Miatton, JustSayNo Choi, SayItAintSo Abdi and Kebab Zahib, are running scared.
Arthur stole their mojo and they ain’t earning.
Clemant J Obafemi from Nigeria commented on the video like this.
In addition to Simon Le, here’s some of the OneCoin/OneLife ponzi-pyramid scammers advertized attending the Bali Mastermind:
– Do Hai Hau (Black Diamond, Vietnam): i.ibb.co/YyGz0Mx/DoHaiHau.jpg
– Do Tuan Quang (Diamond, Vietnam): i.ibb.co/x5NNgcw/Do-Tuan-Quang.jpg
– Roberto Virgili (Black Diamond, Sweden): i.ibb.co/2NhjkMV/Roberto-Virgili.jpg
– Mark&Miki Nishiyama (Blue Dimamod, Japan): i.ibb.co/MM0Rjrz/Mark-Miki-Nishiyama.jpg
– Thang Duong (Blue Dimaond, Australia): i.ibb.co/jMRBJfs/Thang-Duong.jpg
– Michael Yeo (Australia): i.ibb.co/rHGszcy/Michael-Yeo.jpg
– Jesse Choi (South-Korea): i.ibb.co/5FkLtxS/Jesse-Choi.jpg
– Boonchai Chantarokorn (Blue Diamond, Thailand): i.ibb.co/QmMGstL/Boonchai-Chantarokorn.jpg
– Fred&Sherry Fok (Diamond, Singapore): i.ibb.co/QcVX4Tm/Fred-Sherry-Fok.jpg
They are talking to themselves now. It turns out that Dungcan make your garden grow.
While they play at being a happy network, I know they all talking to Arthur. Except maybe Do Hai-Ku, Thick Dong from Australia, ChaiTea Chantarokorn, a couple of Foks. Mark and Mindi.
Two other names are mentioned here: Hannah Hsu from Taiwan and Roshan Choubey from India.
Supplement to comment #18
This from GLG Inner Circle is now circulating on social media:
… then one can probably assume that Ruja Ignatova, who has a criminal record for fraud, her arrested fraudulent brother Kontantin and all of the first hour’s series fraudsters, who have fled the fraud OneCoin with millions of tricked dollars/euros, will soon emerge from their hiding places again? I laugh myself to death!
Various forms of this communication are circulating. It’s not quite as stupid as the “Witch hunt in the 21st century” on the onelife.eu site from Feb 2018, but it comes pretty close. I notice that the later version doesn’t quote “Professor Dr” Whotsit from a random Bulgarian university.
This was a response on facebook:
The paper makes a series of allegations that are presented as facts. This brief answer will address the allegations one-by-one in the same order.
Firstly, an absence of criminal charges in Germany, while an investigation is ongoing, is not the same as an acquittal. It certainly cannot be interpreted as an approval. That nothing more has been said about other investigations, of which there are multiple, means zero.
The issue is why are there even investigations? Normal companies can exist for decades, even centuries, without ever being investigated. How can arrests and investigations have happened in countries as diverse as India and the United States? In what other company is the founder missing and her successor and another co-founder sitting in a NY jail? The Italian authorities recently made it impossible for anyone in Italy to access any OneCoin or OneLife site. That’s hardly reassuring.
Dence Gmbh are surprisingly quite on their site as to what they’ve done, or have been alleged to have done with OneCoin. Every other engagement is trumpeted.
Something exists or it does not. There is no middle ground. “…clear indications that point to the existence of a blockchain” is as meaningful as calling a hoof print made by a horse that belonging to a unicorn.
Where is the blockchain? This whole matter could be settled in a minute. Why is it so hard? Show the world.
The US authorities have produced seized e-mail evidence of communications between Ignatova and Greenwood where they discuss crooking a blockchain (let alone a whole “coin”) – justice.gov/usao-sdny/press-release/file/1141981/download. Why not settle it already?
It exists or it doesn’t. Hinting “…to the functional principle of the first OneCoin Blockchain” is a dodge.
The attacks are “…not a complete failure,” they rather make OneLife look like a complete gang of charlatans.
At this point academic opinion means nothing. We’re at the tipping point now and the truth will come out in an American courtroom.
Professor Dr Angel Marchev should be in New York offering to give expert testimony if he has so much to offer. We are down to the wire here. Prove it. Where is the blockchain? Show us the mining servers.
“Even in the light of a criminal record, the potential in this vision is apparent”? So OneLife acknowledges it, or some of its operatives will get convicted potentially at some point?
That isn’t just criminally reckless, it’s recklessly criminal.
TL/DR (Executive summary)
We stopped believing. You twist the facts. You outright lie and avoid the issue. You took our money. We’re angry.
Does anybody know anything about “Dence Gmbh”? Are they another company controlled by OL?
@Semjon, that “report” is AFAIK written by swedish/finnish GLG IC member Arto Ylitalo.
I don’t know are the GLG IC members so stupid, but claiming OneCoin has got “legal status” in Germany is absolutely idiotic cause it’s easy to find out it’s a lie. Neither any kind of legit and valid OneCoin blockchain is confirmed anywhere.
German investigation is ongoing.. USA investigation is ongoing. Konstantin Ignatov sitting in jail for the 6th month in row..
I left the part where they wrote that Dence evaluated also OneAcademy education videos and found them legit, purposefully out. It’s not very intresting and surprising info. In that part of the text, they referred to Dr Angel Marchev, but not in context of his opinions about OneCoin’s tech, but to one his OneAcademy lectures on finance. But shame on Dr Marchev if he agreed to lend his name and credibility to aid a criminal organization and international fraud.
Dence GmbH seems to be a independent and reputable company with at least somewhat relevant expretise background.
But even the selected quote doesn’t sound very strong and convincing ” [unencrypted server areas] contain at least hints to the functional principle of the first OneCoin Blockchain.“ So there were also encrypted server areas, which they couldn’t access and thus get the full picture.
And they found only “hints” to the “functional principle” of blockchain — meaning that they found some “gun smoke” but not “the smoking gun”.
This is consistent with the fact that they have only a blockchain simulation script. What would be more interesting is that if they claimed to to able to connect the content of the blockchain to real life transactions on DealShaker.
And even if, by some miracle of Satan, it turned out that OneCoin actually did have a legitimate tech from the outset, it doesn’t do away the fact that it is a scam. It only makes it less cynical scam.
OneCoin’s business model is based on hyrid ponzi-pyramid scheme — no blockchain will change that fact. There are cryptocurrency ponzi scams that have a legitimate blockchain.
All the money in the network comes from the network members(no retail part whatsoever) who are lured by ponzi point system with fraudulent coin value.
Correction to my message #26. As was pointed by Igor Krnic, the report probably came originally from the company, not meant for public but was leaked.
The Dence GmbH from Dresden in Germany was founded in March 2013 with a minimum capital of 25,000 euros. In the commercial register the purpose of the company is described as follows:
If the Dence GmbH has actually made two appraisals for the fraudsters in Sofia, these “expert reports” could be published. Why does nobody do that?
I wish everyone trying to make a debate about the existence of the OneCoin blockchain would read this until it sinks.
“by some miracle of Satan” – I was giggling so loud my wife asked what’s so funny.
Supplement to comment #29
On our request Dence GmbH from Dresden in Germany submitted this statement by e-mail:
I got exactly the same answer when I made my inquiry to them.
Actually I was a little surprised they responded the way they did. Usually you get we can’t disclose information about a client and our services with them as it is confidential information.
Of course Igor had to do his best to debunk the comments when it was posted on his blog. Always can count on Igor to rush to defend OC and the “vision.”
Thanks Melanie, very good initiative.
Although his answer is vague and evasive, he seems to indicate that Dence has executed an investigation (“… our technical analysis as an indicator that OneCoin has used a blockchain for accounting a virtual currency relating to user funds”).
Since he asks for copies or links to official documents, maybe you can refer him to the “Official OneCoin Statement”
and ask him:
a. If he recognizes the quotes in par. “II. Concerning the Further Procedures, Particularly: The Existence of the Blockchain”.
b. If Dence has investigated the consistency between the OneCoin (Ponzi Points) in OneLife member accounts and the OneCoin fake cryptocurrency in the OneCoin Blockchain (i.e. the fake “Blockchain” simulator that they might have seen and investigated).
Note: these two types of OneCoin are strictly separated.
The e-mail of Dence GmbH from Dresden in Germany was also published in the forum of Igor Krnic on August 14th. Since then it has become very quiet there.
There is still a lot of reading but much less writing than in the past. What has changed?
@OneCon Squad Sofia
Your suggestion makes sense, but why do not you contact the Dence GmbH directly? The company should be contacted by many people with different names.
We can then compare if the answers differ and if the company is trying to really help the victims of OneCoin.
Much more important, however, is to see if this company is competent and can distinguish a simulated blockchain from a real blockchain.
Well, detroyer took the bait and sent off a missive to Dence GmgH. Not sure if it was done by letter or email, but of course he had to “expose” all of us haters that contacted them by giving them examples of our “hatred.”
I bet Jakob will be shocked when he gets it and wonders what in the world does this have to do with their work.
I challenged him to post his missive to them with their response, so let’s see if he does. You can bet if it is not favorable to OC he won’t. After all can’t give us “haters” ammunition to use against OC.
I am still shocked that he would send them quotes from us “haters” in his missive thinking it would somehow be a good thing; but so glad he did.
I think many of the “believers” have us “haters” on ignore and that’s why the reduced content from them.
detroyer just said to my asking if he would post his missive and reply on the forum, he said, and I quote: “NO, I will not do it, it’ll be confidential.”
detroyer just said to my asking if he would post his missive and reply on the forum, he said, and I quote: “NO, I will not do it, it’ll be confidential.”
WTF am I reading?
The “central bank” is back, we have “limits”, like that can ever happen on an exchange, Do Worldcheck and GoAML know their brand is being dragged down into the toilet by association? Assuming they were ever contacted ever.
I for one look forward to those clean criminal reports for senior management being presented seeing as how no management is named right now and the last batch are fugitives or in jail.
Which governments? How many governments?
I already know today what will be published in the weekly report of the beginning of January 2025:
“We are very sorry! The exchange can not start because the government of Mars has not yet responded.
A delegation from THE central bank will fly to Mars next year to negotiate with the local government.
Stay calm, it’s all in the best order and will expire, as planned by Ruja personally since 2014.”
@ Melanie, also
!NB If a specific coin does not have the permission to be exchanged, traded or offered – it is ILLEGAL.
That kind of sums-up OneCoin doesn’t it?
In what alternative reality would that work ?
“We’ve applied for a licence and if you don’t reply at a time that suits us, we’re just going to go ahead anyway”
And it brought ambiguous friend: “European Authority”!
No panic, there’s another gem:
So… There are “conventional cryptocurrencies” to whom the EU directive does not apply?
To their credit: they did get the directive number correct, their description of it not as much so.
@ Otto, the more I read it, the less sense it makes “fiat to fiat”? That means a PCH permission. Good luck to OL getting that. What are conventional versus unconventional cryptos? European Authority? They’ve gone unstable! This is now just bullsh!t baffles brains
Supplement to comments #18, #20 and #21
These cheaters also participate in the BaliDex event:
Diem Thao & Thanh Tuan from Vietnam
“Dr.” Putra from Indonesia
King Jayms from Trinidad and Tobago
According to the organizing Onecoin scammer Sulistya Putra, the governor of Bali, I Wayan Koster, will open the ponzi-pyramid scam event BaliDex on Friday…
Why is this not mentioned on balidex.com? 🙂 This is the official promotional portal for the scam event.
This video was posted on Facebook:
A real governor or a paid actor?
Bit o’ both. A paid governor?
Is there an English translation available of what the Governor of Bali said at BaliDex?