OneCoin’s OneLife YouTube channel terminated (scam policy)
Earlier today OneCoin’s CEO appeared in a YouTube video to promote the scheme’s new €118,000 EUR investment packages.
Less than 24 hours after it was published, YouTube has removed the OneCoin video for violating their policy on ‘spam, deceptive practices and scams‘.
Without ruling out the violation of more than one, which of the three YouTube policies OneCoin’s video violated is unclear.
The video in question depicted Ruja Ignatova in a low-cut blouse talking to the camera, so it is unlikely the presentation of the video is responsible.
Rather it appears the content of the video, that is Ruja Ignatova enticing investors to invest €118,000 EUR into OneCoin, constitutes ‘spam, deceptive practices and/or (a) scam‘.
At least according to YouTube.
The video was uploaded to OneCoin’s OneLife YouTube channel, which has since been terminated ‘due to multiple or severe violations of YouTube’s policy against spam, gaming, misleading content, or other Terms of Service violations’.
As I understand it when you have a channel terminated on YouTube, you are no longer allowed to own any channels. Whether this puts OneCoin’s main YouTube channel at risk remains to be seen.
Update 23rd August 2016 – Not exactly sure when, but over the last few days the OneCoin YouTube channel has been reinstated. How many strikes the channel has is unclear.
Onecoin is a scam. Just watch conman Igor Alberts.
I lost all my money because of this cheater !
YES!!!!!!!!!!!! AWESOME WORK OZ, READERS, BITCOIN COMMUNITY, SCAM BUSTERS!!!!!!
I was continually following this video channel last night and the comments went from 14 to *refresh, 25, *refresh, 65, *refresh, 12, *refresh, 85(99% negative, of course!!!), but then down to *25, *14, *ONE, *ZERO!!!!!!!!!!!!!
NOW OFFLINE! AMAZING!!
Someone in the reddit community who apparently (also) took offense to a SCAM calling itself “The Bitcoin Killer” posted this a few days ago, and it began being shared virally in the cryptocurrency commnity:
reddit.com/r/Bitcoin/comments/4tmrv3/idea_for_stopping_the_onecoin_scam/
It is amazing to see the community come together like this to weed out bad players! It appears that because of sites like this and activism of so many outspoken Truth Advocates, the community has taken up their battle axes to slay this dragon.
It is only the first step of many, but the walls are coming down!
(I wonder if they will change their name again?)
God, even YouTube terminated them and yelled at everyone “Hey, this is a scam!”
What about reporting all the onecoin promo videos…
Maybe start with Labines, which is what I did 🙂
All seems to be online to me youtube.com/watch?v=MjyLThaxbLg
youtube.com/channel/UCHFJljvfzYxc0fhhpqr-jLg
Good news from here in the UK.
Unfortunately I am involved in this ponzi – have not recruited anyone, just got conned in to believing the crypto currency crap by Joby Boughy, (I’m a lucky one who has managed to recoup all my money, painstakingly selling a few coins per week, which has taken over a year!).
I received a phone call from my banks fraud department after the last withdrawal I made hit my bank account.
They wanted to advise me about this scam (which I already figured out thanks to yourself oz) and to inform me that they would block any money sent from any accounts in the UK, to any onecoin account.
Action fraud are working away at this also. If my bank are blocking transactions in to one coin accounts then I imagine all UK banks are doing the same.
@timtayshun
looks like they changed their name. you called it…
On youtube.com, onelifemastermind.com new site coming up this week..:)
@ SickofScammers
Can you post the actual message received from your back (edit out personal info of course)?
While I have no reason to believe your post isn’t true, most of us here try and “source” our research and pay little attention to what is just posted as fact.
If the investors in OneCoin would bother to do the same, these ponzi schemes would fold a lot sooner.
This is really interesting, what is your Bank?…
Best regards
@SickofScammers – verbal notification only, do far it sounds like (?) Find out if you can get in writing.
Can’t wait to see Labine try to spin this story: “OneLife were getting too many views and it wasn’t fair for other users, and YouTube are making their own cryptocurrency, so they saw us as direct competition. ” … Or something equally ridiculous for his listener fold.
Have you seen this one? facebook.com/Dr.RujaIgnatova/videos/1193173097401801/
@Paul
That isn’t the official OneLife YT channel. You can verify it’s down by visiting the OneLife website and clicking the YT icon at the bottom of the page.
@Sickofscammers
Might be asking too much, but any chance your bank could provide anything in writing?
A copy of anything they might provide you (your personal information redacted) would be appreciated, if possible. Otherwise thanks for the update.
The onecoin YT channel still online: youtube.com/user/OneCoinOfficial
although Onelife’s suspended… Just reported to YT this one.
onecoin seems to have the patronage of the muslim community especially in the UK.
now in a bid to attract muslim investors across the world, ruja ignatova is openly using religion to promote her onecoin.
since sharia law has a problem with the payment of ‘interest’ she has changed the terms of the coinsafe to make it sharia ‘compliant’.
the link to the document which explains this change is not working [returns a 404 error].
this was posted to the official onecoin FB page 13 hrs ago:
so, we now have a sharia ‘compliant’ ponzi scheme!
Is it at the point where Onecoin is now changing names and websites at the same rate they have banks, previously?
m.youtube.com/watch?v=Al0Qfo0qSY4
New website announcement: “onelifemastermind” was announced just yesterday it seems. And it appears that it is based on a full-on “blitz marketing” campaign and nearly daily touring global Convention Events Schedule leading up to at least October 1st (“OneLife’s ‘biggest event ever’ coming to Bangkok!!” Lol – didn’t that JUST happen last month?!?!) to shuffle in its final VICTIMS to keep the I.V. drip going!
I’m guessing they will change their YouTube Channel to “OneLife Mastermind” ASAP, of course. Hopefully the Truth Campaign continues putting pressure on these dangerous circus clowns!
I can’t believe that Tom McMurrain is still manipulating people loudly and proudly in the USA on his Show: Grant Cardone TV, and I have friends in Botswana and other African countries who have all been offered his book (.pdf) pimping the scam, “The 7th Dis……”
Ken Labine and McMurrain are the most dangerous of the bunch in (english) North America.
Labine because he’s completely hypnotized and has no rational thought left in his brain on the subject.
McMurrain because he KNOWS 100% FOR SURE that Onecoin has NEVER been a cryptocurrency, has NEVER (yet) had a Blockchain, and that Ruja has no background, studies or even idea what she is talking about when it comes to cryptocurrency, period.
McMurrain (who some may remember that I had a single, but long conversation with some months back), claimed on that call that many of my concerns he agreed with and would address directly to Ruja in London. But, alas, ‘Crickets.’
One of those was OC’s (alleged) rapid hyper-inflationary nature and coin count of 2.1 billion (then) when it was claimed OC had the same divisibility as bitcoin – to which he seceded was more than enough.
Yet, on his show, he continues pushing its “brand/value” and that the 57.4x dilution should have little effect on the economics – despite him knowing better! So, for McMurrain, this is egregious participation in the swindle!
So, how many individual “units” (not “coins”) will Onecoin allegedly have at 120B coins?
HERE: 12,000,000,000,000,000,000 = TWELVE QUINTILLION UNITS (of division)!!! Absolutely ridiculous.
He’s right. Its back and so is the video that was removed.
The problem is YouTube is a corporation arm of the biggest satanist corporation in the world we all know as google and as long as the channel is creating revenue in the form of paid advertising and purchasing more advertising to promote crap they don’t care.
There are absolutely no ethics in googles policy.
@Jay
If you go to the OneLife website and click their YouTube link, you still get the channel terminated message.
OneLife? You mean OneCoin?
Click the link on the OneCoin site and you will see the YT channel is live
onecoin.eu/en/
OneCoin’s YT channel was never taken down, only OneLife (read the article title again).
Ah. Shame
…and now OneLife is theatening legal action because of aggressive and defamatory comments that caused their YouTube page to be removed.
@Mr. Ponzi
No! Like so much else, they are “claiming” that they are threatening legal action.
If they had a leg to stand on Oz, myself and so many others who’ve likely been threatened the same action would’ve probably received something in the mail by now 😉 still holding my breath.
As Lyndell says, “Discovery works both ways!”
@TimTayshun: We know that Onecoin has never been a cryptocurrency, and has never had a Blockchain, IF they in fact are having a public new Blockchain in October changes what?
Thank You.
Can you imagine the headlines and media attention if one of the silly little scammers followed through with their nonsense threats and this made it to court ???
@Uni
IF, hypothetically, OC implements a (1st) blockchain (allegedly with “KYC” – Know Your Customer metrics) on October 1st than:
a.) By definition it would be their FIRST cryptocurrency “coin” (not sure how existing coins could even be accounted for or exchanged into “NEW ones” or if it is even possible)
b.) The Company would literally be able to track from whom and to whom ANY money has EVER moved (quite Orwellian/ NSA-like invasion of privacy),
c.) It would be IMPOSSIBLE to “bank the unbanked” for the simple reason that most of the “unbanked” cannot produce valid and acceptable forms of identification or physical residency documents.
and d.) There would be MAJOR AND IMMINENT SECURITY RISKS
“c.)” Is one of Dr. ScRu’ja’s claims of philanthropy, but she neither understands cryptocurrency, banking OR payment processing, and servicing unbanked people under these rules just didn’t work.
FURTHERMORE, no where has the company EVER published what transaction costs might look like in comparison to Bitcoin or any other system. Ruja says in many presentations “there is no free lunch.”
A centralized controller would be able to impose and collect and/ or change any transaction fees at any time, any time money moved from one wallet to another wallet (presently there is no digital “wallet,” only a back office network using excel spreadsheets [I’m fairly certain]).
Whether the sender, receiver or both would pay transaction fees is currently unknown.
If they eventually “open sourced” the code to allow outside mining, than the first REAL miners only incentive would be to collect fees for processing transactions and competing to solve the batches (ie., receive “block rewards”).
To date we know of not a single developer’s name, ***development team, or their credentials; and no White Paper has even been produced to prove this is nothing more than vapor-ware (smoke and mirrors) at present.
“d.)” Under a new centralized blockchain in which transactions could move freely from wallet to wallet, there would be HUGE financial incentives for hackers to breach their security and intercept/ steal coins.
… But even if and when outside “mining” were allowed, it would be some time before a robust enough distributed network were achieved by opt-in participants with proper computer mining equipment before they reached any sort of secure “network effect.”
TlDr: there is little demonstrable security, but high rewards for theft, and once opened, they would be even more susceptible to a 51% attack which could invalidate or steal transactions.
These people have no idea what they are doing or taking about, and this will not end well in ANY scenario …. But that may also be “the exit strategy.”
***RE: development team – in Japan and various videos Ruja herself claims to be the creator of Onecoin (and she takes all the credit). However, in an interview on Swedish TV last year with Top Team Leader Tommi Vourinen (Sweden), Tommi claims that “we have 4 developers from India who are working in the project.”
By comparison, I have heard that as many as 30,000 developers have ‘submitted code’ towards the Bitcoin protocol, which is constantly being tried and tested for improvements.
@TimTayshun much appreciated your clarification! Thank You