OneCoin @ BehindMLM

Insight into how OneCoin seemingly manage to keep one step ahead of authorities has surfaced, courtesy of a District Court judgment in Germany. The case involved a government tax official facing allegations he tipped off a friend about a money laundering investigation.

A District Court in the Ostrobothnia region of Finland has approved the seizure of €179,000 EUR. The order was made against a Finnish OneCoin affiliate, who is a suspect in a criminal case related to tax fraud.

Following its launch in late 2014, Pehr Karlsson emerged as one of OneCoin’s early top investors. Operating out of Sweden and placed directly below Juha Parhiala, Karlsson is believed to have stolen over 7 million EUR from OneCoin victims. Like most of OneCoin’s top earners, Karlsson bailed from OneCoin after it collapsed early last year. [Continue reading…]

As annoying as the GDPR might be, lo and behold some good has come of it. Before we get into that though, let’s revisit early 2017.

We’ve been covering the Chinese investigation into OneCoin since April, 2016. Owing to Ruja Ignatova’s roots with BigCoin, a similar Ponzi points scheme that primarily targeted Asia, China initially emerged as a primary source of OneCoin investment. Along with all but a few third-world countries, investor recruitment in China died early last year after OneCoin [Continue reading…]

In a May 25th press-release addressing digital tokens, the Singapore government has singled out OneCoin and BitConnect as Ponzi pyramid schemes.

Putting to shame the endless parade of warnings issued elsewhere in the world, Chinese authorities have made another 119 OneCoin related arrests. Public court documents have also detailed the recovery of a large sum of money stolen from OneCoin victims, including $7.2 million stashed in a bank account belonging to Sebastian Greenwood.

Evidently OneCoin investment in Sweden has resulted in a few taxation issues popping up. While the level of investment into OneCoin from Sweden as a whole isn’t known, it’s significant enough for the Swedish Taxation Authority to add a OneCoin query to its cryptocurrency taxation FAQ. The fourth question on the Swedish Tax Authority’s FAQ [Continue reading…]

OneCoin investment in Samoa has set off alarm bells, prompting the Central Bank to direct financial institutions to block investment into the scheme.

Authorities in Pakistan have “unearthed a huge business racket” in Pakistan, with those involved accused of promoting several dubious MLM opportunities.