OneCoin @ BehindMLM

A fortnight ago we reported on OneCoin having lost their Italian bank account, and opening up new one in Hong Kong. The Italian bank account was opened up with Banca Monte dei Paschi di Siena on or around September 21st. Twenty-four hours or so later and it was gone. Now it appears the OneCoin’s Hong Kong [Continue reading…]

The Facebook postings purportedly showing off merchants accepting OneCoin as a payment method are rampant. I’ve seen restaurants in Europe, car dealerships in Asia, take-out joints in Australia – all represented as merchants accepting OneCoin. You as a OneCoin affiliate simply walk in, purchase whatever it is you wanted, flop down your cell phone and [Continue reading…]

Last week OneCoin announced they were introducing a new €188,888 EUR “Supreme Trader” package. On top of that they’ve now introduced a Super Combo package, coming in at a whopping €225,500 EUR.

OneCoin’s use of shell companies is almost comical at this point. As soon as one bank account is shut down, OneCoin opens up a new one in another country with a new shell company name. Last month, after losing a Deutsche Bank account, OneCoin created an account in Italy under the name “Educamax Services SRL”. [Continue reading…]

Last we checked in on the status of OneCoin in China, police in Guandong had arrested local OneCoin affiliates and seized $45.7 million dollars. It is believed the Guandong investigation is ongoing but, other than OneCoin opening a bank account in Hong Kong last week, there’s been no OneCoin news out of China since. Now a [Continue reading…]

Would it be too much to expect a self-proclaimed multi-billion dollar company to hire coders to put together a custom app platform? When it comes to OneCoin, apparently so.

OneCoin’s banking rollercoaster woes continue, with the latest seeing the scheme open up a new account with China Construction Bank (Asia) Corporation Limited.

When news broke of London police’s investigation into OneCoin, the company’s response suggested dismay at having not been contacted prior to such a public announcement. OneCoin is disappointed that the FCA has issued a statement without having first contacted the company. OneCoin has not been contacted by the City of London Police. OneCoin is committed to [Continue reading…]

The revelation that London police have officially launched an investigation into OneCoin has gained widespread media attention. In an article published a few hours ago in The Mirror, Andrew Penman confirmed a spokesman for City of London Police confirmed that detectives from its Economic Crime Directorate are investigating suspected fraud linked to OneCoin. According to [Continue reading…]

WeShare Crowdfunding was a cash gifting scheme launched in mid 2015. WeShare Crowdfunding itself was a reboot of the Gold Crowdfunding gifting scheme, both owned and operated by James C. Hill (below right). By mid 2016 WeShare Crowdfunding had collapsed, leaving the majority of affiliates with loss. At the time a reboot through another unnamed gifting scheme [Continue reading…]