OneCoin @ BehindMLM

German authorities began investigating OneCoin mid last year. In the immediate aftermath of the investigation announcement, OneCoin lost its Deutsche Bank account. The conclusion of the investigation, led by the country’s top financial services regulator, saw remaining known bank accounts in the name of IMS International Marketing Services GmbH ordered frozen on the 17th and 20th [Continue reading…]

Late last week OneCoin published a press-release claiming Swedish police had closed their investigation into OneLife. ‘ Citing an unsourced “police statement”, OneCoin claimed police had “indicated” there was no basis upon which to continue the investigation as there was no reason to believe that an offense had been committed. The Police confirmed its decision [Continue reading…]

I don’t really follow chatter surrounding the bigger downlines of MLM companies too closely, but over the last few weeks OneCoin has been rocked by a series of high-profile departures. “Top Earner” David Imonitie, formerly of Organo Gold fame, joined OneCoin last October. For reasons he doesn’t go into, earlier this month Imonitie confirmed he [Continue reading…]

OneCoin, being the Ponzi scheme that it is, was never going to risk launching in the most tightly regulated market in the world. Despite stringing early OneCoin investors along with promises of a US launch, the charade was quietly dropped in October, 2015. Spear-headed by Sal Leto, Maurice Katz and other affiliates, US OneCoin recruitment went [Continue reading…]

Back in December the Antitrust and Consumer Protection Authority (AGCM) ordered the suspension of OneCoin promotion in Italy. In early January OneCoin responded to the AGCM’s promotional ban by claiming they’d ‘never promoted OneCoin and/or OneLife in Italy‘. In late January police raids on recruitment events revealed OneCoin was still being promoted locally. This prompted the AGCM to [Continue reading…]

Yesterday the Congress of South East European Women Entrepreneurs held their annual event in the Croatian capital of Zagreb. As part of a sponsorship agreement the Ministry of Economy, Business and Trade and Congress organizers, Croatian President Kolinda Grabar-Kitarović and Deputy Prime-Minister Martina Dalic were scheduled to speak at the event. On the day of the [Continue reading…]

With the President of Croatia scheduled to speak at a OneCoin sponsored event today, now a warning from the country’s top financial regulator.

In an attempt to score a PR gig for OneCoin, Ruja Ignatova took out corporate sponsorship for the Congress of South East European Women Entrepreneurs’ upcoming March 8th event. The Congress will be held on … 8th of March 2017 in Zagreb and we expect more than 500 woman entrepreneurs from Slovenia, Bosnia and Herzegovina, [Continue reading…]

Amid concerns OneCoin was a “deceitful Ponzi scheme”, last December the Italian Antitrust and Consumer Protection Authority (AGCM) ordered affiliates in Italy to stop promoting the company. A preliminary injunction concluded a few weeks later, resulting in an interim injunction banning promotion of OneCoin in Italy. Citing legal opinions the company had paid for, OneCoin dismissed the AGCM’s [Continue reading…]

In 1994 the Zhejian Higher People’s Court in China convicted Chen Man of murder. He was initially given a suspended death sentence, later commuted to life imprisonment. Questions about the legitimacy of Chen’s trial have always lingered. The fairness of Chen’s trial was questioned at the time, with his lawyer identifying 18 contradictions in his testimony. Wang [Continue reading…]