OneCoin @ BehindMLM

The trouble with running a Ponzi scheme is you attract all manner of seedy people. When OneCoin told affiliates it was suspending withdrawal requests earlier this year, their less than scrupulous investors had to come up with new ways to withdraw money. For affiliates in India, that meant creating new accounts for unsuspecting victims and [Continue reading…]

Following an investor warning from the Bank of Thailand, it has emerged OneCoin is under criminal investigation in Thailand.

Update 8th May 2017 – Despite two articles from the Gerlach Report claiming otherwise, OneCoin’s May 7th Macau event went ahead as planned. The original claims as reported by the Gerlach Report are covered below. Full coverage of the “fake news” story tomorrow. /end update   Update 8th May 2017 #2 – I’ve now covered the shortcomings of Gerlach [Continue reading…]

Building on an earlier cease and desist issued to OneCoin Ltd (Dubai), Germany’s top financial regulator BaFin has strengthened the order to essentially cover all of OneCoin’s German operations.

Developments on the Indian OneCoin bust continue to surface, in addition to the President of Thailands primary financial regulator claiming OneCoin is run by “gang of criminals”.

Authorities in Navi, Mumbai continue to investigate OneCoin, following the arrest of eighteen affiliates last Sunday. The latest has seen police book four more OneCoin affiliates, who they believe hold “senior positions in OneCoin”.

OneCoin affiliates looking to promote the Ponzi scheme in India held a recruitment seminar in Navi, Mumbai last Sunday. Unbeknownst to them, plain-clothes Mumbai police officers were in attendance.

If OneCoin affiliates are to be believed, global freight giant DHL are now accepting OneCoin. In a March 25th post to Linked In, OneCoin affiliate Norbert Friedrich announced; DHL accepts OneCoin As the “phoenix from the ashes” rises, the secret giant under the cryptocurrencies rises to a new glow. The world’s largest package provider DHL now accepts OneCoin [Continue reading…]

In response to the German regulatory crackdown on OneCoin’s shell company IMS International Marketing Services, OneCoin issued a press-release claiming BaFin’s cease and desist did not specifically apply to OneCoin. Please be informed that the recently published BaFin message does not relate to OneLife or OneCoin’s Business, but to IMS GmBh. The company IMS is a [Continue reading…]

Whereas some countries are taking a more proactive approach against OneCoin, others still grapple with a lack of regulatory authorization. The latest country to fall into the latter category is Malta, following a OneCoin warning issued by the Malta Financial Services Authority.