OneCoin under criminal investigation in Finland, prosecutors involved
Finnish authorities were among the first to announce a police investigation into OneCoin.
Unfortunately that investigation focused on whether or not OneCoin was a legitimate cryptocurrency. That saw the investigation stall when became apparent Finnish authorities had no way to verify if OneCoin had a cryptocurrency.
That was a year and a half ago, with Finnish authorities today revealing a new criminal investigation into OneCoin is well underway.
The initial OneCoin cryptocurrency investigation was handled by the NBI, a national regulation agency. The new criminal investigation is being conducted by Ostrobothnia’s police department.
Ostrobothnia is a region in Finland’s west and has a population of about 180,000.
According to an August 23rd report by Vasabladet, the Ostrobothnian police investigation into OneCoin is based on numerous criminal reports.
There are several different criminal reports and they are all linked to Onecoin.
The idea is that the separate notifications will create a crime when we are ready, says commissioner Antti Perälä, who is leading the preliminary investigation and is a new leader in economic crimes investigation at the agency in Vaasa.
The reports have been filed by Finnish tax authorities and the general public.
With the investigation ongoing, Perälä declined to comment on the nature of the economic and financial crimes OneCoin is suspected of committing.
He did however clarify that the current investigation has nothing to do with the earlier NBI investigation.
Authorities have however already moved in on ‘one of the most central Onecoin figures in Ostrobothnia‘.
The individual was not identified but Perälä did confirm a search warrant lead to their car being seized. Perälä states that as he’s only recently joined the investigation, he’s unsure whether the seizure was directly connected to the current criminal investigation.
When the Ostrobothnia investigation will conclude is unclear.
According to Perälä though, the investigation thus far has raised ‘suspicions of crimes so strong that the matter will proceed to prosecutor’s office.‘
Stay tuned…
hopefully it is Wahlross as I don’t think Juha goes back to Finland anymore and Kari has an ostentatious car which would be nicely sold by the criminal assets Bureau -anyone want or need a ferrari?
@cryptokill
Just a small correction. Juha Parhiala was a swedish citizen before he he “became” a citizen of the Emirates.
PS @cryptokill
I have his passport on a link. Dont want to post it.
I dont know, but perhaps Oz can pass it over to you?
@MOI – Parhiala himself posted it online. It’s not a secret.
He did it to be bold, probably as a means to demonstrate how Russian Bulgarian mafia aren’t interested In a massive database full of KYC info on OneCULT members.
It’s totally “safe,” so go ahead and link it. Thanks in advance.
Again, it was him who posted it online, on purpose. We can play that game too, can’t we?
@Tim I know that very well. He was awfullly proud.
But for the moment i dont feel like posting it. Sorry.
If anyone I trust needs it, PM me. I have it too.
sorry about the mistake on Juha asI should have checked . My fault . WHAT NATIONALITY IS A WAHLROSS?
Well,a Wahlrooss is Bulgarian.I cant find the video, but it was from a bulgarian event where Ruja gratulated him to his new bulgarian passport….2016, i think.
Wahlroos is Finnish. He’s a former victim of WinCapita, Finland’s largest ever ponzi scam. He’s said to have lost €10-20K in that, but learned what it took to be a top leader and always on the “net winning” side thereafter.
He sure is born in Finland, but became a Bulgarian…
Found the video.
OneLife Event Sofia 13.12.2016
https://youtu.be/X3vZwH2g5Ic
KARI IS A BIG BITCOIN FAN!!!!
Do you remember when OnecOin positioned itself as the” Bitcoin killer” and Kari Wahlross was keen to indicate that he hated Bitcoin when he visited us here early last year.
Seems he has had a radical change of mind as he has bought four high performance cars in the last year –A Bentley Bentayga, an Aston Martin DB 11, a McLaren 720 LT and a Ferrari Spider 488..
You have guessed it-he paid for the cars in Bitcoins and if he had waited til now (AS HE WOULDN’T NEED THEM IN ASIA WHERE THE TUKTUK IS QUICKER) he could have bought 16 similar cars for the same number of Bitcoins.
But never mind you OneCoiners your coins were doubled last October when the number of supplied coins were increased sixty fold.
When Kari indicated there were loads of restaurants in Latvia where he could use his coins we all assumed it was OneCoins but maybe he was circumventing the truth . We will never really know as Bitcoin doesn’t need KYC (which takes months unlike OneCoin
And normal Affiliates can not access a cent as the exchange is closed –Happy Mondays KARI and fucking Mondays to the rest of the chickens.
RUJA’S BIRTHDAY PARTY —-PAID FOR BY SCHMUCKS!
85.14.28.164/d/images/slideshows/0000204931-middle.jpg
Here in yet another property tat Ruja has! She runs a party by the sea and Sebastian is there. Pictures appear in the local celebrity news –
btw Ruja -shame no pictures of the baby from last years time off.
Next year plenty of time off!!!!!
Be it bitcoin or OneCoin, Wahlroos has been living on stolen investor funds since he joined OneCoin.
What he converts the money he steals from OneCoin victims is ultimately of little significance.
ZOMG what what what on earth is she wearing?
looks like she wore her [factory manufactured] baby’s bloomers and put her diaper on her head for extra comical effect!
isn’t it enough to steal ruja? you have to put us through this!??
mercy.
Actually Oz I think spending 4 million Euros of investors money on fancy cars is of significance and should be shared. Many normal investors will be losing 5000 k for their tycoons which would probably just cover the car polish for these vehicles –sometimes it is about perspectives and closing down schemes. I would also like to point out that OneCoin accepts Bitcoin to pay for the packages and a major leader uses the currency for his real exorbitant (actually gross)purchases. Yet he is an avowed Bitcoin Killer-greed and hypocrisy and confrontation is also worth the effort..
For those in the know I really imagine the no of bitcoins which are used to purchase OnecOins must be really low as I assume Bitcoiners can tell the difference between Closed ,open source ,real blockchain and OnecOin .. Anyone able to determine such levels of investment?
For sure. I was pointing out using bitcoin wasn’t such a big deal.
OneCoin points themselves are worthless. You have to convert them into real money if you want to spend them.
That’s why, after all, they shut the internal exchange down. Ran out of real money.
Prepare for the end of OneCoin
everyone has to make up their own mind but it looks to meas if OneCoin is on its last legs and just playing out the end.
sO i am wondering wht is the bset practivce for those who have been duped to shoose to register their involvement for anumber of reasons;
To be on the list of creditors when the Receiver recovers funds.
To ensure that the persuader above them is identified and logged with the authorities.
To formally complain about being mis-sold.
To apologise to any downlines and make restitution.
To prepare for either individual claims or class actions against the significant uplines.
I have never seen a best practice on this assuming that means to make amends to those you may have in turn duped.
I do appreciate that many of you who joined OneCoin may be hoping that if you keep quiet there may be some money with an alleged IPO /ICO etc but that continues the pyramid scam. Whilst it is illegal it is also totally immoral to those you have brought in.
Anyone suggest the best protocol and Oz may be able to help from his considerable knowlwdge.
But hey wasn’t there an ongoing investigation as well in the UK ? And look what they published: businessforhome.org/2017/08/interview-with-dr-parwiz-daud-onelife-blue-diamond-in-the-uk/
These guys are just laughing the governments and investigators in the face, until arrests are done such as was the case with India, nothing happens and they keep scamming people.
Italy issued a fine of 2.5 Million but OneCoin keeps playing and tossing the ball around with OneLife and OneCoin. Nobody gets in trouble nor arrested there and nobody seems to bother about paying that fine.
There’s more needed than issue warnings, if you know what I mean. Investigation into the company/Companies doesn’t gets us any closer to the end of this scandalous game. Arrests and criminal complaints against individual promoters / leaders is what has to be done.
well I have to say this DR parwiz is utterly disreputable and to compare OneCoin with medicine and saving lives is obscene -remember you are “never knowingly allowed to harm” so stop pretending that you don’t know.
Kieron Vaughn and the Uk police should stop investigating and presumably there is some threshold to start bringing scammers in–it is beginning to look as if the authorities just want it to collapse and remind us that we are not covered .. This is farcical.
@cryptokill. “Dr” Parwiz Daud – complete scammer – and you are right comparing OC with medicine? There is no registered medical Doctor in the UK with that name. There is no LinkedIn entry for that name or any combination of it.
There is a twitter account in that name – with 3 followers! He’s just another Ponzi scammer pretending to be reputable. Don’t care if he attempts to sue me.
In Onecoin you’re simply a scammer or a victim. Truth is the ultimate defence anyhow.
I do wonder why the City of London Police aren’t arresting people by now. My interest only started because a well known OC scammer tried to rope my other half in …….and have been intrigued for 10 months whilst OC carries on.
Can someone explain why (especially in view of the amount of money involved) there isn’t a concerted Europe wide effort to stop it ?
Tim, actually Kari(Wallu) lose about 45K, thats what he told me!
I’m going to trust my source here that according to WinCapita pretrial investigation material Wahlroos claimed he wanted compensation of his private investment of 29 654€ plus the investment from his company – 31 014€. That’d be about 60 500€ spent on Ponzi fraud.
So Kari has been on the losing side of a Ponzi fraud before joining the OneCoin, but I’m pretty sure the fourth super car he has bought will at last ease the pain he suffers from that money loss. 😉
Here’s an interesting new development in Chris Principe lawsuit against me this weekend, LIVE from Vietnam (apparently I’m now “notorious”)!
Principe states, ON STAGE AT ONELIFE/ ONECOIN “Leadership Summit:”
“…WE will win that case. WE will stop that …particular person (that would be yours truly). And then WE will go after ALL the particular people after him…”
If Chris is not “paid” by, or a “representative of” OneCULT/ OneLie, than…
…than who the “F” is “WE?”
SOURCE: youtu.be/xPmHk7R7048
Hey Chris, the internet see everything and it NEVER forgets!
Thanks for that, Chris!
Yeah, “we” kinda gives the game away.
Hasn’t received any compensation and/or is having his lawsuit funded by OneCoin my ass.
Principe is just another shell company for Ignatova to manipulate. He’s safer than actually registering one in the US too.
By whom?
The police are more interested in murders and rapes than wannabe scammers who get played.
As for regulators, in my own country the UK Financial Conduct Authority has no interest in Ponzi schemes – as long as you don’t tread on their patch by carrying on a “regulated activity” you’re not their problem, and Ponzi schemes aren’t regulated activity.
Elsewhere in Europe, it appears to be a mishmash of central banks, financial regulators and lottery/gambling regulators that have issued warnings about OneCoin, most of which have no real powers of prosecution.
What kind of joint effort do you envisage between the Swedish Gambling Authority and the Central Bank of Austria?
You want an international effort to stop people investing in Ponzi schemes? You’re reading it. It doesn’t get any better than this.
A common defence of Ponzi schemes is “If it was a scam the Government would have shut it down”. Which is why we need to tell people, loud and clear, that the Government doesn’t shut scams down, they only sweep up the mess afterwards.
The Government doesn’t care. Nobody cares. If you want to throw your money away on get rich quick schemes then you’re on your own.
MALTHUSIAN IS RIGHT
After about 18 months of dealing with these scammers I ma afraid Malthusian is right -if people want to be duped they will be-and don’t expect the authorities to intervene.
Yes it is the best thing to undermine in these channels and also to embarrass the leaders on a daily basis.
So as I anticipated after all the promotional activityand references to splits and difficulty barometers the coin vale would increase .. With the announced figure this week there is another Quarter of a trillion Euro capitalisation and that makes the value of OneCoins about 3 trillion.
Even Brexit pails into insignificance with that –maybe Teresa May should pay the EU in OneCoins as they seem to be doing better that sterling at the moment -that is what we need thinking outside the box.
OH dear -all you poor Affiliates who have squandered your future for their current Ferraris, Bentleys etc.
Ruja and Arens really aggresive.Trying to scam even more people.
mailchi.mp/c7e649c19971/jxkey6m9c9-701049?e=a0e0b3336a
@MOI
So it seems they really want to entice people to spend more before october 15, 2017.
Sounds like “enddate confirmed”.
Wow, i just noticed the Onecoin IPO is now an ICO.
-so whats the big deal?
Well, ICO (initial coin offering) is exactly what it sounds like.
Its used in startup cryptocurrencys to fund the coin/project. With an ICO they can basicly buy a “premined” cryptocurrency (Google it, tons of places to buy your own Altcoin) then using their SQL database they can assign the amount of coins/icos the user have bought in the ICO with their ponzi-points.
Its the only thing that makes sense.
Onecoin has always said they are a cryptocurrency, event tho they clearly (and proven) dont even have a blockchain.
Well now they offer People to trade their ponzi-points for an actual cryptocurrency. As states by them “its holds No value” which is true, it Will crash and burn on the market.
This.is.the.endgame.confirmed.
You know where you read it first and by whom.
-micdrop-
This one is a true gem:
Tim linked an analysis of the DealShitter platform here some time back, here’s the link for refresher:
http://kusetukset.blogspot.fi/2017/08/onecoin-clogged-dealshitter.html
It’s beyond my math skills how they can see “close to 50k online sellers” as a good thing when there are only 11 000 titles for sale altogether, meaning that 4 out of 5 merchants are selling NOTHING.
No, they have talked about ICO and IPO separately for some time now. For example during the recent Ruja&Arens Q&A session.
With ICO 2018 they just mean that the ICO period (going on right now) will be over, and the coin will be made publicly traded.
That’s my understanding of it, having followed the company’s and IMAs communication about this.
@Otto
The analyse of Dealshaker is a gem as well. Thanks to the author.
The lies from OC will rech even more people around the world.
New languages every day. Japanese russian spanish. Dont know if portuguese is up yet, otherwise it will come.
So, just imagine. OC lies will be even easier to swallow.
@WhistleBlowerFin
That dosent sound right either.
In their own Words “fit the strategic preparations for ICO 2018”.
Preperations for initial coin offering 2018. ICO is upcoming.
The coin/altcoin/shitcoin is launching in 2018 and its gonna be a new coin, new blockchain. They Will come Up with some lie about this too.
Ofcourse if they launch their cheapass-altcoin-clone after the ICO its Still the same outcome. It Will crash and burn on the market.
People holding millions and millions of coins on release, No buyers and all think they can sell for 8-9$? Each. Lol
sec.gov/investor/alerts
@Dummis
No word anywhere about any new coin or new blockchain, I would have heard.
They don’t use these terms properly or accurately, so you shouldn’t make too far conclusions based on it.
ICO for them means that the members now get coins for “discount price” and their ICO will culminate in 2018 when the coin is suppose to go public. That’s it.
isn’t it useful to be able to predict the future!!!!
loads of promotional offers, splits, free additional tokens, and an increase in the value of the coin .. Sounds like heavy marketing and remember splits are associated with slowing sales not increasing as is pumped at meetings.
So the Lisbon Conference is up in early October so in line with normal hype there will be some significant announcement made there which will have no impact other than extend the ICO /IPO again.
Then it will go very quiet for along time as more and more of the leaders exit quietly leaving the second and third strings to fill the void -nature abhors a vacuum after all ..
Perhaps Pehr Karlsson would like to tell us why he has left or is he going to Portugal to meet up with his Irish protégées–Barrett and Shaw.
Latest from One Life Network! OneCoin!
mailchi.mp/ea6613076e70/jxkey6m9c9-701057?e=a0e0b3336a
Anyone knows where to report in Portugal, maybe its been posted and i have missed it.
to MANUEL MONTEIRO, DIRECTOR, Portuguese Securities Market Commission whose email address is cmvm(at)cmvm.pt
Remind him that one of the guys in the background will be JOHN BARRETT -the ex Pioneer here in Ireland who emigrated rather quickly about 6 months ago to Portugal -with no known address there.
He organised a training session three weeks ago in Lisbon and is a serious scammer -previously involved in Banners Brokers and a charlatan-he needs to be stopped as he had let down over 3000 Recruits here in Ireland.
If any of you establish his address and nearer the time where the October Conference will be in Lisbon let us know. Would be nice to issue a summons on the stage-personally served.
@cryptokill
Thanks for the info. Start Monday…
But, but, but OC is now valued at 15.95 Euro according to Dr Ruja.
Now before all you haters start blasting this as fake, it has to be true because Dr Ruja said it was true, and we all know she doesn’t lie. (cough, cough)
LNbn –Sorry that you have a cough but this is something which may get you better?
Pehr Karlsson joined OneCoin in October 2014 and was gracious enough to sit very doggedly by her right had side during her attendance at the prestigious Bulgarian Business woman of the year Award in Sofia in Dec 2014.
She scooped the award 6 weeks after setting up her One Coin pyramid cryptoscam (or whatever it was /is these days -No mention of Big Coin and her earlier failed ventures before she invented this business so I guess she either really hit the ground running in 6 weeks, the competition was shit or she bought the title.
Evgeni Menshev hosted the event and he ran her recent birthday party for her -he is in Bulgarian PR which may explain his continuing love and relationship with Ignatova.
Pehr wasn’t invited to the party as he is alleged to have fallen out with OneCoin (along with his own business partner-Juha) He is alleged to have been told to “keep silent” either as part of a buy out or for other reasons.
He hasn’t let me know yet but I shall ask again. John Barrett and other Pioneers here in Ireland advertised that she won on two occasions in 2014 which was true but also two years in a row but their promotional leaflet indicates that she also won in 2012 but it was awarded by Forbes Magazine (Category International Business -so Bulgaria goes global!!!
Cough cough -it must be contagious.
youtube.com/watch?v=SfK3cLCT_fY
I guess we should email Jordanka Fordanska -the lady Mayor of Sofia or perhaps one of our Bulgarian contacts might like to clarify.
DOES PEHR HAVE A PAIR?
Karlsson appears to have closed his normal email address but I am sure he will be found. Maybe he agreed to be silent to optimise his buy out or whatever?
Let us know Pehr or tell the authorities -is your father Krill involved in this scam as well as your earlier convictions?
Maybe Kari Wahlross will drive you in the new Bentley to Sofia –unlikely me thinks?
I heard it was two squirrels (one in each pocket) searching for his gonads, but when they couldn’t find any nuts they moved on. But that’s just a rumor I heard mind you.
Pehr appears to have closed down his email so I have tried him on another contact (removed) and so far has not bounced back.
Drop him a note and he may tell you why he has left as he doesn’t seem to want to correspond directly with me and so fr his lawyer does not either.
MAYBE YOU WILL FAIR BETTER?
No private email addresses, thanks.
One Life Newsletter!!!
mailchi.mp/d3bb2b068d8f/jxkey6m9c9-701053?e=a0e0b3336a
The coin price is up! All the donkeys rejoice!
(Considering they can set the price to whatever they want, it’s amazing how excited they get about it.)
At least they call it the “price” and not the “value”.
Not that the Onecoin sheep understand the big difference between the two…
OK THAT IS ANOTHER QUARTER OF A TRILLION THEY OWE. Crazy.
They seem to have removed the counter for coins “mined” (even if it was broken).
If it’s hidden behind a login, does anyone know what the claimed number of “mined” coins is? Be interesting to see what the current fake market capitalisation is.
@anon – it’s 1/2 Trillion Dollars of my math is right (for once let me be wrong?)
Strange that they’d make the number of *coins “mined” hidden.
…Unless of course that ridiculous number was something like: 24,480,000,000 total coins “mined” since October 1st, 2016.
Plus, you gotta add the first 1,986,580,000 from the new “Gunn-ess-iss” block (carried over from the previous fake blockchain).
Source (for “carry-over”): youtu.be/vaqhGyOxp8I
So, if my math is correct:
= 26,466,580,000 total coins exist so far.
…worth €15.95 each.
That’s ….wait for it …
= €422,141,951,000
This would be the current “market value” of all alleged Onecoins (“ONE”) in existence.
In U.S. Dollars, that’s a cool: $502,804,835,000.00
Simply put: Over 1/2 TRILLION BUCKS (USD)!!
No wonder the OneCoin pimps tell how OneCoin is bigger than Microsoft, Apple and Facebook and growing faster! Their market value clearly exceeds all three!
/sarcasm
With numbers like these you would have thought that Ruja and Company would have been included in every business textbook in the world and journalists would have been crawling all over them to know the secrets of their success.
Actually Ruja maybe you should be buying Microsoft,Facebook and Apple together as part of your conquest for world domination.
Your strategy is simple -lowest cost supplier -cos the coins are worthless.
What a sorry world -absolute greed and fatal ignorance. The fall of this organisation will absolutely rock the so called authorities.
Oh and as an additional info: number of Dealshaker deals has not changed during the last week. I’ll repeat so that the donkeys get it too: the number of open deals has been exactly the same, in every category, in every sub category, every day, for 7 days.
Let that sink in.
Can you imagine any other merchant platform where no new items are put on sale and no existing items are sold out for a week? No?
Searching for a Onecoiner to clarify one thing for me, because I seem to not get it right… if it is all about education and not about “investing”, “profit” and such… how shall I understand this sentence from the Onelife Newsletter:
“…the POWER PACK will give you three educational packages in one and will bring you up to 7 splits all at ONCE!”
If it is about education, how can it be of value or interest to someone to double or triple his/her “educational coins” ?
If one set of Wikipedia PDFs is equivalent to eleventy bazillion OneCoin points, surely three PDF sets is worth thirty-three bazillion OneCoin points?
If it is about education, how can it be of value or interest to someone to double or triple his/her “educational coins” ?
Because Onecoin is designed for idiots who don’t think and just listen to the greedy stupid sponsor and throw their money away.
Oooooh! You’re missing the more interesting question:
If it is about education, why would anyone buy three educational packages (all at once) when all the educational material of the two smaller packages is included to the third package by default? Why don’t they just buy the third package (which is also sold alone) and get all the same “education” for ~50% cheaper?
(If it would be all about education.)
Thirty-threety bazillion, shurely?
My education has more value simply because I paid lots more than you did.
All Onecoin people understand the value of paying for good education pays off!!
In the real world we know Onecoin sells nothing!!
So you have every right not to get paid!
On Facebook Kari Wahlroos’ Uk tour is at the Holiday Inn Kensington at 130pm Saturday and the Thistle Hotel Euston at 130 Pm Saturday.
Although I live many miles North of London I am there on Sat. Just wondering which one I should pop in to in order to ask sensible (but awkward) questions? Or is Kari such a clever scammer he can be in 2 places at once?
Wish the City of London Police would get their act together and arrest the parasite. Hey ho…..
@alterego – ask where to see the total amount of “coins minded.” Secretly record the absurd response and reasoning behind “…uhhh you can’t …until we go PUBLIC!”
Hi Tim. Can I then ask why that number multiples by the (reasonable lol) price of 15.95 makes OC worth more than FB / Apple / Netflix etc etc.
I wanna get thrown out. Anyone fancy joining me ?
Just a minor correction, but the value is now 15.85 Euro not 15.95 Euro I said earlier.
This change now makes OC without a doubt legal. It would have only been illegal if it was 15.95 Euro. Glad I could clear that up for all of you. LOL!
Possibly live at one and only on video feed at the other? Or someone goofed up the times and he will be live at both events.
But you can be sure he will be wearing his sunglasses since OC’s future is so bright.
so, does kari buy his sunglasses from dealshaker?
strangely, we never hear these guys crowing about all the wonderful stuff they’re buying up from dealshaker. they have such a poor consumer culture and are just such boring social activists selling education education education like All The Time! 🙁
lighten up guys, you’re living in the age of consumerism, and when you’re getting expensive cars [and even a villa or two] for zero cash + some onecoins, why the hell wont you frigging Consume??
really aggravating!!!
I thought after they banned Chinese scammers all DealShaker was good for was used paddle-pop sticks from sellers in outback Nigeria?
dealshaker.com/en/deal/realestate/TB5GFNdpo9aY7I5WNbkkLa4LzE5YT0VXiZ77GF9eWbo~
That and “HAY LOOK WHAT I CAN BUY!!$! (but wont because I’m not an idiot)” Facebook updates.
just yesterday a dealshaker promo was on for a mercedes benz truck for 0 euros + some onecoins.
how long can you keep scammers out of a scam?? 🙂
facebook.com/photo.php?fbid=1970350219873351&set=a.1470372586537786.1073741830.100006951760679&type=3&theater
@alterego
Regret I cannot make it on Saturday wherever Kari is going to be.
1. Tell Kieron Vaughn of CitYof London Police that kari is scheduled together with Tim Penman of the Mirror newspaper.
2. Get someone to issue a summons on him =preferably on stage and get the service videod-a claim of mis selling for a starter pack will be fine.
3. have hand out circulated in the room for the tricky questions -which there are thousands of.
Knowing kari he wont answer credibly any of the questions and will try to bully his Agenda and that is why paperwork will be handy -put the OnecOin logo on it and circulate it when you ask your first question.
If there are a number of you you should be able to circulate that readily between you all.
Bring your own bouncer.
I WOULD ASK ABOUT THE UPCOMING ICO AND ASK WHERE IT IS GOING TO BE HANDLED AND THE EFFECT OF THE CHINESE CRACKDOWN . REMIND HIM THAT WE WERE ORIGINALLY SUPPOSED TO GO PUBLIC ABOUT A YEAR AGO IN GERMANY (HE SAID THAT IN DUBLIN).
HE WON’T HAVE AN IDEA JUST LIKE THE BLOCKCHAIN TRAINING IN MACAU AND HOPEFULLY WILL JUSRT LOOK EVEN MORE STUPID THAN NORMAL -QUITE A CHALLENGE
@cryptokill
Link/ source reference needed for Dublin quote (time stamp/ etc)..
@Alterego
Ask why Pehr Karlsson who joined with Juha in October 2014 when OneCoin was set up.
He will know Pehr personally and if he says he doesn’t know ask him to phone Pehr from the stage.
I hope someone will video the event and that it will require the police to enter the auditorium and take statements.
share-your-photo.com/1ab633e00f
This news will not please the oneCoin scammer Tommi Vuorinen from Finland. How will he react? 😀
share-your-photo.com/787b6346f5
hs.fi/talous/art-2000006106309.html?ref=rss
If securities are registered in Finland the MLM companies at least have had to register anyway.
Sure they do.
The OneCoin was investigated by the Finnish National Bureau of Investigation which concluded – and I kid you not – that:
They indeed bought the “selling education” excuse – hook, line and sinker.
Most likely there will be a trial about whether or not the NBI committed a breach of administrative duty when they decided to let the OneCoin be.
OTOH: The Finnish Financial Supervisor although gave no statement about the OneCoin, even when asked for one.
@Otto
Actually I hate it, when people say NBI (KRP in finnish) had an investigation of OneCoin, when infact it’s not true, in a sense that a formal/official investigation never even started.
It was especially frustrating when years ago Ken Labine claimed that finnish National Bureau of Investigation has been throughly investigating OneCoin and found it legal -> absolutely bullshit.
If you read the 2015 police press release, the correct translation would be something in the lines of “The National Bureau of Investigation Inland Finland Unit has been *initially inspecting* the lawfulness of the OneCoin virtual money marketed in Finland.”
Unfortunately Google Translation translates the 2015 press release in english using the word “investigate” in the first sentence, which in that case gives a wrong conclusion.
The point is, NBI never started a formal/official investigation, because the Inland Finland prosecutor concluded that NBI doesn’t have enough incriminating information and material (which NBI tried to gather in their intitial inspection) to even start a formal/official investigation of OneCoin.
“Initially inspecting” = investigation. It’s just wordplay at that point.
@Oz,
I don’t agree. The initial inspection done by the NBI was a data collection phase, but the prosecutor decided there’s not enough to open an actual full investigation case which could lead to court.
Had the prosecutor said based on the material, that this is very possibly a fraud which we need to start investigating, the NBI would have openend an actual investigation case.
The problem here was, that Onecoiners used this situation to claim, that NBI has done a full investigation and found OneCoin legal, which is not what it was.
Now in Sweden there actually was a police investigation which ended sometime beginning of 2018 regarding pyramid sale allegations from the Swedish Gambling Authority.
In a way the investigation/initial inspection was carried on as tax fraud investigation:
https://behindmlm.com/companies/onecoin/179000-eur-linked-to-onecoin-tax-fraud-seized-in-finland/
Now this is my personal insight but I believe that the prosecutor didn’t see much to gain by dragging on the investigation of OneCoin. It’s a horrible mess and there isn’t really much authorities could do to get any of the money back to the victims.
In addition Finnish authorities were probably still having nightmares about the biggest ponzi scam in Finland that took years and years to go through.
At least with the tax fraud investigation there was something to proceed with. Way easier case than handling a ponzi-pyramid scheme of maybe 10k-20k members, and probably thousands of people to interrogate – many of them also involved in spreading the disease.
Unless the victims of OneCoin in Finland don’t start bombarding police with criminal reports there isn’t going to be a proper investigation in Finland.
To conclude, whether you are a Nigerian prince or a doctor of ponzi coin Europe is still a pretty safe environment for scams to operate.
Finnish criminal case process is as follows:
(0. Somebody reports a crime)
1. preliminary review/inspection/ (“esiselvitys”; to safeguard that “nobody groudlessly suspected of crimes”, police conducts a cursory review of the merits of the case to establish if a preliminary investigaton is warranted ) –>
2.preliminary investigation (“esitutkinta”: police conducts an actual investigation to establish if crimes were commited) –>
3.prosecutorial consideration (“syyteharkinta”; prosecutor decides based on police’s preliminary investigation if there are good grounds to press charges) –>
4. criminal proceedings in court
The case of Onecoin is still open but stuck in preliminary review phase. The 2015 police press release (poliisi.fi/keskusrikospoliisi/tiedotteet/1/0/krp_on_selvittanyt_onecoin-virtuaalirahaa_41044) stated that they conducted the preliminary review by interviewing “inter alia” OneCoin representative, person who bought packages and “an expert on the matter”.
The police says that they cannot make any “reliable conlusion” as to whether to proceed to preliminary investigation phase until the blockchain source code is revealed (based on OneCoin scammer interviws, they expected it to happen in late 2016). It’s very strange decision that I don’t understand at all.
In recent article (www.is.fi/digitoday/art-2000006083712.html) a police officer says that it would help them to proceed in the case if somebody actually reported a crime relating to OneCoin.
It appears that in 2015 they probed the case only out of “common interest”. The police officer even says that OneCoin seems like a typical scam.
Pyramid schemes are illegal under money collection law in Finland, and I think it’s under general prosecution and not a plaintiff crime like fraud.
The ongoing tax fraud case is apparently not enough to investigate if OneCoin directly.
@Semjon
Thanks,that’s the best post I have ever seen explaining the finnish NBI investigation in 2015 and the investigation procedure in general. I wish I could have had that post available 2 years ago when I was fighting with Ken Labine.
Welcome to the club!!!
I assume that the NBI had no technical knowledge of the subject so they were completely left with what the “expert on the matter” told them.
But even without technical knowledge it should have been obvious to the NBI (or anyone!!!) that if OneCoin is a scam, the scammers can just postpone indefinitely the publishing of any revealing details.
I wonder how much the “expert” had spent on Bulgarian financial education?
I wrote off the EU investigations as “we are dumbasses who don’t understand what we’re dealing with” a few years back.
Until I see a country in the EU go after an MLM crypto scam, that sentiment hasn’t changed.
Issue a warning and let someone else deal with it seems to be the extent of regulation.
I report on the warnings as they are still regulatory news, but you really need to make arrests to have any effect (which no EU country seems willing to do).
I think the closest we’ve come was that Tran guy in Sweden? Even then he was a promoter and the only news about his arrest is behind a paywall.