OneCoin @ BehindMLM

DasCoin CEO Michael Mathias is furious over comparisons of his company to OneCoin. Acknowledging that OneCoin is unable to ensure ‘compliance with US laws and regulations’, Mathias insists his DasCoin and OneCoin are ‘completely separate entities with absolutely no affiliation or connection or business association with each other.‘ Personally I wasn’t aware of anyone claiming [Continue reading…]

Earlier this year Chris Principe sued Timothy Curry for losses in excess of $75,000. In his lawsuit Principe alleges Tayshun publicly blasting him for his involvement in the OneCoin Ponzi scheme resulted in damages to his reputation. Dating back to a dubious Feb 2016 Financial IT cover featuring OneCoin founder Ruja Ignatova, Principe’s involvement in [Continue reading…]

Since Nbox broke the news that Ruja Ignatova had allegedly been arrested last Saturday, verified information related to the arrest has been slow to surface. Thus far we have The Gerlach Report claiming Ignatova was indeed arrested, and is being held at Stadelheim prison in connection to a fraud case in Bielefeld. Countering this is [Continue reading…]

As I write this, official confirmation of Ruja Ignatova’s arrest has yet to surface. Reports out of Germany are conflicting, with authorities yet to issue an official statement.

Despite OneCoin being in turmoil following a disastrous ICO that’s not an ICO announcement, there hasn’t been a peep out of management. With Pierre Arens walking out last month, it was expected that at some point Ruja Ignatova would come out of hiding to address OneCoin affiliates. That hasn’t proven to be the case, with [Continue reading…]

By definition, an ICO is an unregulated means by which funds are raised for a new cryptocurrency venture. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin. Further differentiating itself from legitimate cryptocurrencies is OneCoin, who claim their [Continue reading…]

Whereas we’re usually pretty on top of OneCoin affiliate arrests globally, this one from back in June slipped through the cracks. Since the start of this year, Korea’s Financial Supervisory Service has opened 27 investigations into cases of suspected infractions of the Act on the Regulation of Conducting Fund-Raising Business Without Permission this year. One [Continue reading…]

When Pierre Arens failed to appear at a recent OneCoin event in Portugal, host Kari Wahlroos claimed it was because he had a cold. Far more likely is the fact that Arens was well underway with plans to abandon his position as OneCoin CEO.

Finland was one of the first countries to announce a OneCoin investigation. Unfortunately Finnish authorities put investigating the Bulgarian Ponzi scheme in the “too hard” basket. Naturally the Ponzi problem didn’t go away, and people in Finland continued to be recruited into and scammed by OneCoin and its affiliates. With complaints from the public continuing [Continue reading…]

The OneCoin affiliate investor pool is currently divided into two camps. The first group of investors are those who believe the points in their backoffice are actual money. Since inception, all OneCoin affiliates have been able to do with their points is transfer them to other affiliates. Under the guise of trade with third-party merchants, in [Continue reading…]