OneCoin @ BehindMLM

OneCoin obtains Cyprus account. Singapore bank account frozen?

Over the past few weeks affiliates have been complaining about funds frozen in OneCoin’s United Overseas Bank. The status of OneCoin’s bank account with UOB in Singapore however is currently unclear. Rather than use their company name, OneCoin’s UOB account is held under the shell company Vernada Trading Pte Ltd. In related news, on October [Continue reading…]


OneCoin payment delays triggered by Hong Kong account closure

Almost immediately after news of OneCoin’s Hong Kong bank account being shut broke, the company pushed out an announcement about payment delays. In light of ongoing closures, OneCoin had opened an account with China Construction Bank (Asia) Corporation Limited using the shell company name Foshan Everbright Import & Export Company Limited. Two weeks later the account was abruptly [Continue reading…]


OneCoin lose Hong Kong bank account in 2 weeks

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…]


OneCoin cannot be used as payment method by merchants until 2018

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…]


OneCoin investment packages approach a quarter million Euros

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.


Who is Li Dexin to OneCoin?

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…]


Regulator confirms OneCoin is fraudulent as per Chinese law

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…]


Is OneCoin’s merchant app a €399 white-label platform?

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 lose Italian bank account, open one up in Hong Kong

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


Norwegian regulator receives “no reply” from OneCoin

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…]