OneCoin @ BehindMLM

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.

A serial scammer has been fired following revelations she tried to recruit students into dubious MLM schemes.

With OneCoin promotional activity dead in all but the most third-world’est of countries, one could easily gain the impression that nothing much going on at a corporate level. Not so. Just last month OneCoin corporate was busy setting up a new wave of shell companies to cover their tracks through.

With efforts to secure quick judgment knocked back and there not being much of a company left to fight for, it was pretty obvious Chris Principe’s OneCoin defamation lawsuit wasn’t going to trial. Following the denial of an entry for default and harassment injunction, Principe’s defamation lawsuit was sent to mediation back in January. On [Continue reading…]