OneCoin’s nonsensical response to Italian regulatory suspension
From banking to marketing to daily operations, OneCoin is a myriad of shell companies with one goal: to effectively launder as much money from as many people from as many locations as possible via Ponzi fraud.
As an added bonus, OneCoin can use their voluminous shell companies for plausible deniability if a regulator shuts them down.
Case in point, the recent suspension in Italy.
The Italian Antitrust and Consumer Protection Authority (AGCM) didn’t mince words when they suspended promotion of OneCoin in Italy last month.
The regulator had previous issued cease and desist to local OneCoin affiliates, with an injunction sought and granted to ‘limit the damage to consumers’.
The evidence gathered so far shows that the representation of the advantages in OneCoin, as well as being extremely random, are designed to attract and sign up a large number of consumers, who are required to provide significant economic investment.
This resembles a pyramid sales system which is prohibited by law.
OneCoin know this makes them look bad and in an effort to quell alarm bells among their affiliate-base, the company issued the following statement earlier today:
We received reports that on December 30th the Italian Antitrust Authority (i.e. A.G.C.M.) released a suspension measure against One Network Services Ltd. and two Italian IMAs, who are registrants of websites, which were reported to have promoted the OneCoin cryptocurrency.
Our Company is not subject or addressee of any measure of provision by the Italian Antitrust Authority, and it is imperative for us to focus on the following points:
The OneLife Network system is absolutely legal according to European and internal law.
All legal countermeasures will be taken where necessary in order to protect the Company’s name and activity.
One Network Services Ltd. has never promoted OneCoin and/or OneLife in Italy or other countries, it is a legal entity entirely different from our Company and OneCoin Ltd.
Furthermore, One Network Services Ltd. is a limited company providing administrative services as subject of declared activity, and it is not involved in any sales/distributing/marketing activity.
OneLife Network Ltd. is a network marketing company engaged in the sale of educational courses regarding the economic branch and cryptocurrencies.
Here’s the thing though, Italy is very much part of the European Union and subject to “European law”.
If an Italian regulator has suspended local promotion and all but declared OneCoin to be a pyramid scheme, there’s a good chance that investigation is going to lead to further sanctions later down the track.
A more accurate statement from OneCoin would have been:
“The OneLife Network system is absolutely legal according to the legal opinions we’ve paid for from lawyers who have financial interests in the company.”
As to the whole pathetic attempt at dissociation by claiming One Network Services is “entirely different” to OneCoin, let me illustrate the ridiculousness of this assertion with the domain registration details of the OneLife website domain:
OneLife.eu
Name: Albena Topalova
Organisation: One Network Services Ltd
So One Network Services owns the OneLife website domain but isn’t ‘involved in any sales/distributing/marketing activity‘?
Riiiiiight.
Rather than, as per OneCoin’s request, they focus on whether OneCoin has set up enough shell companies to insulate Ruja Ignatova’s retirement fund, perhaps affiliates should instead be asking why OneCoin didn’t just clarify why they aren’t a pyramid scheme.
Just saying…
Hi Publisher,
How did you get this information:
Regards
Simple domain whois lookup.
whois.eurid.eu/en/?domain=onelife.eu
whois.eurid.eu/en/?domain=oneacademy.eu
One(whatever)’s defense is basically “Hey, look, puppies! Look over there!”
That’s certainly one way of looking at the recent xCoinx announcement.
This is fine and dandy but with the upcoming split our money will double again and that’s just a beautiful thing.
so basically ignatova&co are saying – haha! you Named the wrong company!
if onelife had been Named they would probably fall back on the excuse that italian affiliates were selling their ‘educational’ product wrongly and without authorization.
the hocus pocus legal jargon is also useful to make affiliates and prospective investors feel ‘safe’ with onecoin, and to create a false impression of ‘corporate responsibility’.
BUT, what’s the bottom line here?
– onecoin is banned in italy
– the two [top] affiliates who were running recruitment websites for onecoin have been hung out to dry. they will feel the full force of italian regulators and any criminal charges that may follow.
this ^^ is what affiliates and prospective investors should concentrate on. they are at their OWN RISK.
wherever the heat gets turned on, ignatova&co will just skip away singing – but onecoin is not onelife which is not onenetwork and none of these entities was officially operating in your country at all and so you can hang as many affiliates as you like and we’ll just sing this^^ all the way to the bank!!
@John Doh
Onecoin
vs.
cryptocurrency
Image: thewealthwatchman.com/wp-content/uploads/2014/12/Guest-4.jpg
Have fun with those “splits,” “super-splits,” “coin doubling,” and “Winter Wonder Wheel,” etc. #KleptoCurrency
From memory the Steinkeller brothers are from Italy too right?
Who do you think sits at the top of the Italian OneCoin affiliate-base?
Sorta reminds me of the now defunct Global Prosperity Group which touted the benefits of becoming a “sovereign citizen” while selling multi-tier financial freedom courses.
The principals all got locked up for tax evasion.
yes, they are from italy and are the founders of the onecoin ‘one dream team’ which must be among the top onecoin teams in the world.
after leaving organo gold in 2014 and subsequently launching and failing with conligus [2015], they carried their conligus affiliate base to onecoin and must certainly have been offered a top of the pyramid position by ruja ignatova in return.
their website onedream.team is currently suspended. i’m not sure whether they have suspended their website following italy’s ban on onecoin or not.
if the current ban and investigation of onecoin in italy proceeds to civil and/or criminal charges, we can surely expect the steinkeller brothers to be in trouble.
besides the steinkeller brothers these are some names which pop up.
the three onecoin websites the italian regulators have ordered shut are:
– onecoinsuedtirol.it registered to CHRISTIAN LEITNER
– onecoinitaliaofficial.it registered to ANTONIO GUIDA
– onecoinitalia.com registered to STEFANO TAGLIAPIETRA
Thomas Zega and Antonello Nigro also figure among top italian recruiters, both being ‘diamond’ level in onecoin, and flying out to attend onecoin events in london, bulgaria etc.
You moron. What exactly are you doubling? I have a website that multiplies a random figure by 2 every month for its members but its still just numbers on a screen.
OneCoin are simply using the ignorance of education in cryptocurrency to run a full fledged ponzi scheme and the best part about that is what? You get burned when it comes crashing down and not that scumbag who started the whole thing.
Wake up and maybe do some actual work. Not everyone wants to be a snakeoil salesman to achieve their goals because some people actually stop and think (those with any morals or ethics whatsoever) “Where is this money coming from? If its other idiots like me then maybe this is wrong”
BTW: I don’t actually have a website that doubles a worthless in real life figure. I leave that for those in onecoin who fail to use that now-dormant organ between their ears 😛
And you know whats funniest about all this and why it only appeals to the thickest of network marketers?
If you actually took the time to research Cryptocurrency you’ll find that nowhere does OneCoin even exist. There is no coin that is directly trade-able nor is there any blockchain other that the internal one which they decide the value for.
You are buying absolutely nothing and worst still you are paying for nothing.
If you’ve ever watched a OneCoin presentation it’s probably become quite clear these so-called Leaders or Ambassadors don’t know the first thing about Cryptocurrency but they know an awful lot about Ponzis and use their Sales techniques to basically sell you on NOTHING.
Last time this is said. OneCoin is NOT and never will be a Cryptocurrency. What part of this simple sentence can the investors not understand?
I think I’m going to have to start marking John Doh’s sarcasm replies as spam 🙁
It is merely satire to draw attention to the most obvious rouse in their money scam…. or game, whichever you prefer!
My mistake. I actually believed we had another cultist who won’t accept the simple truth 😛
You can’t lose money with OneCoins as they don’t exist!!!!! (also satire).
Next step should be to get the press and authorities to next big meeting whic I assume will launch the so called new free merchants platform to seek 1 millioN merchants by year end
Even the true believers imaginations will be stretched by this coming on the back of 120 Billion OnecOins in the new Blockchain.
Think we should start calling Ignatova -Icaratova (after Icarus and his flight from ambition) –well maybe not
Rgrads
eVE
Where has this statement been published? Is it only accessible behind a login?
I could only find it here: gain3.com/onecoin-onelife-official-announcement-regarding-the-recent-statement-of-the-italian-antitrust-authority/
and some affiliate site in Russian.
I found it here:
– in a closed Facebook group “OC-Team Deutschland”
NOLINK://facebook.com/groups/OneCoinTeamDeutschland/permalink/1288373937893345/ (click “Join” and you’ll probably be added).
– on a German forum (they have copied it from this Facebook group): NOLINK://onecoin.forumprofi.de/onecoin-allgemein-f14/btc-echo-italien-waere-fuer-oc-gesperrt-t95.html
@anon
I believe it was published to the OneCoin affiliate backoffice.
First I didn’t see it. But then I remembered “Guiseppe”, my Italian alter ego. I logged in again and there it was indeed. So apparently only IMAs in Italy will see this on the Homepage.
Screenshot English version:
NOLINK://i.imgur.com/ieE4UR5.jpg
Screenshot Italian version:
NOLINK://i.imgur.com/hH8v36O.jpg
But but but OneCoin said they don’t operate in Italy…
To whittle it down to a single and concise point, “OneCoin is a COMPANY which alleges to mint its own money – and sells it for profit”.
Now, what government/ country on God’s green earth would not find a conflict of interest in this?
Here is the newest “Legal Opinion” on Onecoin issued by a Swedish Law Firm. Section 4.1 & 4.2 are pretty funny
(Ozedit: Suspect link removed)
@Tim
That link is redirecting to a Facebook login page. I’m logged into an account on this computer so not sure what’s going on.
Here is a link to the new Swedish Legal opinion: NOLINK://minfil.org/nfU1r1b5b0/legal_opinion_-_sweden.pdf
Any analysis that discards recruitment commissions paid out and OneCoin token purchases is a waste of time.
You can’t cherry-pick compliance.
Hell, the law firm itself acknowledges the opinion is baloney:
Nobody is paying thousands of EUR for recycled Wikipedia content.
AFAIK, in europe, if an MLM product has commensurate/equivalent value, there is no compulsion to purchase the product to earn commission, there is no inventory loading, and there is a reasonable buyback policy, the MLM will pass the muster [ie, the product is either resold, consumed or returned].
onecoin fails on the first point itself. there is no way in hell a court will ever find the plagiarized/freely available information in the ‘education packages’ to provide ‘equivalent’ value for the price paid for it.
the affiliate payments for education packages, are merely disguised membership fees, which are used to pay recruitment commissions and some ponzi ROI’s via onecoin’s internal ‘trading’.
onecoin has zero retail, and this again proves that the education packages do not provide equivalent value.
this onecoin legal opinion conveniently avoids addressing this point, as the swedish law firm cannot possibly find that the education package offers commensurate value, with a straight face.
so, this opinion is an incomplete evaluation of onecoins MLM scheme, and an incomplete legal opinion carries no weight. it has as much use as toilet paper.
of course, why would madam ruja want to alert affiliates around the world that onecoin is banned in italy. the more ignorant they remain, the faster her bank vaults fill up.
anybody else notice that ed ludbrook doesn’t seem to be participating in onecoin lately?
@anjali
Off to the next scam I suppose.
On 13th of March 2016 Finnish national broadcast company (YLE) had a news stating that OneCoin educational packages were not going to OneCoin Ltd but instead the packages were paid to Bulgarian company (drumroll) One Network Services Ltd.!!!
yle.fi/uutiset/3-8736938
(Not related to marketing activities blah blah…)
I would like to underline this fact that this “limited company providing administrative services as subject of declared activity, and not involved in any sales/distributing/marketing activity” is the same shell company that OWNED the original Bulgarian bank accounts where the “educational packages” were paid to.
Go check the banking details from early 2016, I’m pretty sure you have them stored somewhere. 😉
Onecoin will soon be traded on Hong Kong stock exchange. And you can buy OC shares only with OC. LOL. I am wondering what BS story will come from this.
This is the post circling on FB.
@Igor
That (if true) would be a way to ease the pressure on money leaving the Ponzi fraud:
If the people stop trying to sell their coins and instead (irreversibly) trade them to equally worthless stock, the amount of Ponzi points decreases and less money needs to be paid out from the system.
It would be ingenious in a very twisted way.
Good point Otto. But there is no way Onecoin will be traded on Hong Kong stock exchange.
Ah, “getting listed on exchange” was an old ploy.
You can buy out an old company that was once listed. I think Wor(l)d tried that with “World Assurance Group”, which has nothing to do with Wor(l)d until the purchase.
Heck, Zhunrize pyramid scheme was once on OTC trading too.
@anjali – RE: Ludbrook
His FB activities have slowed down, but he is scheduled to have been at a conference in Vietnam today and tomorrow: onelifeevents.eu/en/events/oln-vietnam-recognition-event-in-ha-noi-vietnam-jan-7-2017
With Vietnam now investigating Onecoin, I wonder if they will have some undercovers in attendance?
The stock exchange ploy is out of the OPN playbook (Frank Ricketts).
They tried to list an OPN shell company in the UK and got booted so had to list a shell company on the dodgy Cyprus exchange:
behindmlm.com/companies/unaico/the-opportunity-network-review-unaico-rebooted/
The Cyprus listing had no bearing on OPN being a pyramid scheme. If OneCoin list in Hong Kong it’s still a Ponzi scheme.
Stock listing != regulatory approval. But that’s not going to stop the gullible investor social media spam.
Regards the Vietnamese event this weekend. A Thai friend of mine in attendance just posted some pics on Facebook.
Seems very sparsely attended despite a claim of 5000 being there.
@ igor:
can you give us any page on fb, where we can read this, please?
(stock EXCHANGE in Hong Kong, #36)
If you put this search text in the Facebook Find Friends field, you will get numerous posts:
“The company goes to the stock EXCHANGE in Hong Kong!”
onecon sure is using words “We will be, in future, next year, we will go, is going, soon” a lot.
Always in the future or some far far date. Never today or next day…
/Makes one wonder: What if onecon really is money for the future? xD
/joke
@ MikeR:
thank you for #44 😉 !
Why of course it is! All the time since the beginning the coins have been promised to be usable “in the future”. 😀
/s
OneCoin is really the company “of the future”! – The sign in the Irish pub: FREE BEER – TOMORROW 🙂
Good ole Ken is back posting his RAH RAH videos about how great onecoin is again.
Seems he got the memo and has to rally his people.
Please,we need some support from as many as possible here. Gothenburg Event will probably take place.
Many of us has written to Gothia Towers for along time, but they dont seem to care to get paid with dirty money…
Drop a line to each and everyone on the list and even to (email removed).
flashback.org/sp59542703
^^ No random business email addresses please.
If people wish to get in contact with Gothia towers they can follow the Flashback link.
Oz, my comment us awaiting moderation…? please dont delete the @police.
How can OneCoin be a ponzi scheme when they promise you nothing (no profits, no income, no sales–hence nothing)?
I am looking at joining OneCoin. Why shouldn’t I? What… I shouldn’t join because of a bunch of mystical, cheating, stupid, and dishonest affiliates? Riiiiight!
Lazy people (losers) are always looking for short-cuts to easy sales, money, riches, wealth, and affluence? (Ozedit: Offtopic derail attempt removed)
You invest in points obtained from OneCoin and OneCoin alone set the value of the points.
The only way to earn a ROI on those points is to put a request through OneCoin, who use newly invested funds to pay you off.
It’s convoluted but a Ponzi scheme nonetheless. And then of course there’s the whole pyramid recruitment thing they’ve got going on.
Neither myself or anyone else is trying to stop you personally investing in OneCoin and losing your money. Have at it.
Maybe this is your way of using sarcasm but at best ONECOIN would be your avenue of easy money.
You may want to rethink and read more of what is going on with onecoin before you leap.
Many have lost money in onecoin and many more will in the future.
Many of the videos promise riches and wealth from onecoin. I am sure all of the splits and investment packages are not because people want an education.
It is very strongly implied that this is a once in a life time “opportunity”, and “if you missed bitcoin, you dont want to miss OneCoin”.. etc bull. The hype machine is constantly running.
Further more, they do actually promise up to 12% interest with CoinSafe, so it’s a lie to claim they don’t promise anything.
I know you all are not trying to stop me (a ridiculous idea). I came here because you all ARE skeptical (I like that about this site).
I am not opposed to competing hypotheses. I take no issue with anyone here disagreeing with me. Intelligent opposition teaches me what is wrong with my thinking. 😉
Bitcoins have no objective value. OneCoins have no objective value. Point is a cryptocurrency (or any government currency) that is not backed by an legal asset has no objective value.
Buying either cryptocurrency is a high-risk speculation: 10,000 Bitcoin or 10,000 OneCoin are subject to demand and supply.
Spending either cryptocurrency is a high-risk speculation: 10,000 BTC can buy a pizza one day or buy a downtown office building another day. OneCoin is subject to the same fate.
Keep the fight AGAINST OneCoin–it helps me. Thanks!
@WhistleBlowerFin
I asked about the 10,11, 12 percentages’ promise. It is my understanding that those percentages have to do with the number of coins you get (via mining) and not the coins’ value (via price). That is not a ponzi.
@Terrence B
I am not speaking sarcastically. I believe there are two types of losers: high-effort Bernard Madoff and Scott W. Rothstein types and low-effort street con artist types. Whether Ruja is a high-effort loser remains to be seen.
One is publicly traded and able to be used as a currency.
The other is worthless.
Comparing bitcoin or any legitimate cryptocurrency to OneCoin is a waste of time.
… except OneCoin is NOT a cryptocurrency. Not even close. Anyone who says otherwise doesn’t have the slightest clue about cryptocurrency.
OneCoin is not subject to supply and demand. They increased a supposed “finite” supply of 2.1bn coins to 120bn – an increase of 5714%! Yet the price stayed exactly the same and has since increased. The company sets the fake price, not supply and demand.
The founders and leaders are cheating, dishonest fraudsters.
I am still waiting to see when you can trade Onecoin openly as Bitcoin. Then you will see the true value of it as a coin and REAL cryptocurrency.
So far onecoin is a closed system making its own rules and taking in massive amounts of money doing so.
You ready to chance it with a company that can’t even keep a bank and being banned in multiple countries or investigated left and right.
Open your eyes – I see your efforts here is nothing but being a mere troll.
Re. One Network Services Ltd.
us9.campaign-archive1.com/home/?u=cf9659fd672fe664d487e7e1b&id=0ea86d46e7
Here you can check out this weeks One Life Newsletter.
They are really pushing for Gothenberg Event
us9.campaign-archive1.com/?u=cf9659fd672fe664d487e7e1b&id=b2d3450c59&e=a0e0b3336a
A coin that cannot be traded openly has no agreed upon value. Yet you’re paying real $$$ for them. It may not be a ponzi, but it’s fraud nonetheless.
Perhaps that’s not what you’re not realizing. You’re paying something for nothing, because you somehow being nothing is something.
@Billy/ @ anon
See: t.co/5m9tUgRNRg
PLEASE LISTEN to Ruja: 46:12-49:48
THIS describes How cryptocurrencies are SUPPOSED to work (ie., how blockchain function for real cryptocurrencies).
This comes STRAIGHT FROM Ruja HERSELF!
FURTHERMORE, in this clip at the same (early) event…
t.co/5m9tUgRNRg SEE 30:26-32:26
Ruja states that real crypto has a fixed and finite cap. For OC =2.1B & “can never change.” “…you can’t just print more.”
Additionally, she states that cryptocurrency is like gold, “and once It’s gone It’s gone, you cannot print more …even if the coin It’s doing good in a year we cannot just say, ‘well let’s make 5 billion…’ once It’s gone that it!
It’s like divorce but worse…we can only be responsible with this amount and for Onecoin that amount is 2.1 billion – just saying.”
(Note: I have a transcript that I’ve done of this speech. So many lies, deception, complete misunderstanding of How cryptocurrencies, mining, value and economics work, …talking about OneCoin as an ‘investment,’ etc. Yet newbs can’t see the first from the trees and consider her an “expert,” aka “Crypto Queen” [more accurately #KleptoQueen]).
Ruja is a convicted criminal who, with her gather Plamen Ignatov, plead guilty to TWO DOZEN counts of fraud in German court last March for:
1.) fraudulently bankrupting their company (Waltenhofen Gusswerks),
2.) EMBEZZLING MONEY from their own employees,
3.) EMBEZZLING MONEY from their suppliers,
4.) fraudulent accounting practices,
5.) bank/ loan fraud (for trying to liquidate and move granny equipment from in premise into Bulgaria,
6+) and other charges.
Additionally, the #KleptoQueen reportedly lied in court stating that she was living in a FIXED (and FINITE? 😉 ) monthly income of €3500. Yet a month later, in April 2016, as reported here, she purchased over $20M in property in Sofia, Bulgaria.
She later managed funds for BigCoin/ Prosper Club scams and help cost those investors over $50,000,000 ….but, by all means, give your real money to a criminal for unexchangeable digital ponzi coins that lack the fundamental and foundational aspects of what they even claim to sell.
all is said.
Just published: Part 6 of the investigation of the OneCoin “Blockchain”.
Subject: Xcoinx Exchange transactions.
Conclusion: transactions are not recorded/visible, which is new proof that the Blockchain in the onelife.eu back-office is fake.
onecoinonelifefacts.blogspot.nl/2017/01/analysis-of-onecoin-blockchain-part-6.html
Thanks MikeR. Please note that you were a short time mistakenly banned at MuroBBS by some over enthusiastic moderation, due to use of 10 minute mail email address. You shouldn’t be banned anymore.
Thanks for your work and analysis!
@MikeR – Excellent!
@All – I found some transcripted quotes from the same video of Ruja HERE:
TT NOTE: Investopedia has a deeper expansion of how “inflation” works in an economy HERE: investopedia.com/terms/i/inflation.asp
In terms of inflation of money supply, the principle of monetarism is therein described:
TT NOTE: Ignatova addressed “money supply” of Onecoin IN NO UNCERTAIN TERMS:
She goes on to say:
TT NOTE: As everyone knows, and as anon pointed out, Onecoin’s “money supply” was NOT “fixed” nor “finite,” and was hyperinflated massively in an instant from 2.1B to 120B overnight, in October 1st 2016. Therefore, BY RUJA’S OWN DEFINITION OF CRYPTOCURRENCY, Onecoin is NOT a cryptocurrency at all!
This is a FACT that Onecoinists will never be able to get around or debate, fake blockchain or not, and just further evidence in a long line of proofs that Onecoin is already begun the pathway towards eminent collapse (by, ironically, even destroying the invented ponzi ‘value’ it had set out to give the false impression of).
Ps. No REAL merchants would ever accept such a broken model; and this will be a great point of emphasis for the Prosecution’s Case.
Thx. I missed some warnings until it was too late, but my account is unlocked indeed and I just changed my email.
Not sure how significant this may be, but it appears that SEVERAL of the VERY recent videos posted on this Ruja/ Onecoin related YouTube page have been terminated!
facebook.com/OneCoinRujaIgnatova/?ref=ts&fref=ts
Click a few and l me know if you come up with the same thing?
I am going to check out some more Onecoin FB pages, but like I said, SEVERAL of these YouTube Accounts and videos being posted here APPEAR to now be terminated.
If 3 of 4 of the videos do not pronounce that “this YouTube Account has been terminated,” and if it is just an anamoly, than delete this message. Meanwhile, I’ll do some more digging. Fingers crossed!
NOLINK: youtube.com/channel/UCQA9l27poHj62x7QKaVVl7w
Youtube deleted the account. Good news 🙂
@Terrence B
Do not confuse my engagement with being a troll. I am not being provocative. I am learning.
@OZ
I am not *comparing Bitcoin and OneCoin. Though I am *contrasting the cryptocurrencies: Bitcoin is a public cryptocurrency; OneCoin is a private cryptocurrency.
@Anon
I respect Bitcoin’s hard limit, which supports its anti-inflation stance. OneCoin’s revised “hard limit” does raise concerns about its anti-inflation stance. Though I cannot determine whether OneCoin’s revised “hard limit” supports or threatens its system. I cannot prove OneCoin’s pricing scheme is fake.
@TimTayshun
I do agree with you. Ruja’s character is a minor concern at this stage though. That said, I will never trust anyone in the financial sector. I do not trust my senior adviser, and she has never failed me (it has been 22 years). BTW, she does not like OneCoin. 😀
Wrong. Onecoin is a Ponzi point pyramid system.
Are you a Onecoiner or a Troll?
Could this be another case of intelligence, and any ego associated with that, that often plays right into the hands of scammers?
Tip: Don’t over-analyze the obvious.
@Asphyx
Neither.
@Char
I am sorting fact from fiction. That is all. TimTayshun, MikeR, et al have given me good food for thought. Thanks guys for the healthy skepticism.
This is my last post (the ad hominem attacks are escalating).
Keep up the fight!
Well, I was being nice and hope it wasn’t me who scared you away.
I wasn’t attacking you, but questioning whether you fell into a particular group of people that scammers target.
There are pages and pages of why OneCoin is a scam, yet you are still sorting fact from fiction?
Perhaps I gave you too much credit?
Why onecoin still there? I really want to know when this scam is gonna be down. Anyone have an idea?
@Billy
No such thing. There’s legitimate cryptocurrency and then there’s Ponzi points.
If you’re not public you’re not a cryptocurrency.
Dear Billy,
I cannot see someone has attacked your character or personal traits, instead of engaging with your arguments (“ad hominem”).
My point regarding your arguments was that I asked you if you’re either Onecoiner or a Troll, due to the fact that you stated “Onecoin is a private cryptocurrency”, which is just wrong and total nonsense and you know it. Onecoin is not and never will be a cryptocurrency.
Watch this video of OneCoin’s Chief Leadership Officer talking about price at a seminar in Australia last July: vimeo.com/194450121
@Chingon
I think it will end when one of the rats in management are arrested in a western country. The remaining rats will then scramble to leave the onecoin ship with as much as loot as they can gather.
I see Ruja stepping down from CEO as a step in that direction. The head rat knows the danger she is in, and decided to step down and relocate for safety.
There is an article in a Dutch newspaper about Onecoin. The image was pretty blurry, but someone enhanced it and posted it on Labines FB page.
I don’t speak Dutch but I tried to translate parts of it with Google. Does anyone understand Dutch here? It does talk about warnings from AFM the Dutch authority of financial markets.
yes.
@rtvonfb
Can you go to Labine’s FB page. There is a comment under the article with the enhanced image and tell us what it is about.
The AFM website has a page which quotes the warnings from the FCA (UK) and FSMA (Belgium):
afm.nl/nl-nl/consumenten/controleer-je-aanbieder/o/onecoin
more bullshit from the backoffice:
No surprise here. Onecoin official FB page (and official website) TWISTS News out of China regarding how regulatory agencies require Money Services Businesses (MSB’s) to report on client AML/ KYC procedures, falsely stating that the crack-down is on the currencies, themselves.
SOURCE: onecoin.eu/en/news/china-launches-major-investigation-against-anonymous-cryptocurrencies
The headline is incredibly deceptive, as the investigation has NOTHING to do with the Cryptocurrencies, themselves, but only how Exchanges (digital banks) monitor and audit customer activity.
It would be nice to see if this is just another paid ad or a real article.
The byline states it’s written by a part time freelance journalist name Liza Janson and the newspaper is Leidsch Dagblad at leidschdagblad.nl/
Oddly enough 😉 that article didn’t come up with other articles she has written which were published on the site when I searched her name.
A search for onecoin on the site also yields zero results.
@Igor
It literally says: Onecoin is supposed to become, just as Bitcoin, a new method of payment.
@ Chris,
Its a real article, and the reporter did her homework so it’s quite well written.
She a.o approached a number of Dutch authorities that said they suspected it to be fraud.
Warnings all through the article, and of course a few ignorant twats quoted that they have a firm believe or “searched but couldn’t find anything negative”.
The article is real, it is published on Saturday 7 January. The headlines say, from small to big:
Unfortunately most people will read the biggest headline only. And the reporter did not draw a conclusion herself.
The article contains some promotional talk by the OneLife presenters (Bing Voorham among others), some warnings from authorities and a professor, and explanation about OneCoin and the bonus system.
Including a very big mistake: “OneCoin, just like Bitcoin, is a digital, decentralised money system, without a bank in the middle”.
Of course OneCoin is centralised and will never go public.
thanks. I think that one is clearer now 🙂
Definitely does.
Thank you EmJay and MikeR.
Sounds like the author attempted to do something of a balanced report, but based on MikeR’s statements, perhaps it wasn’t as well researched or well written as EmJay felt.
Not sure if it’s odd or not that an article such as this was only available in hardcopy and not available online.
@Chris,
I gave a compressed version, typing from a tablet, leaving out the usual promotional bla bla.
MikeR’s is indeed a more accurate version.
Somebody has leaked Ruja Ignatova’s speach about the new merchant platform
NOLINK://youtube.com/watch?v=2Qq8pdnusBA&feature=youtu.be
New platform dealshaker.com & dealshaker.eu active from 15 January 2017. Currently logging in is not possible yet.