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 @ BehindMLM
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…]
OneCoin serve cease and desist to journalist over Ponzi claims
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…]
OneCoin buys WeShare Crowdfunding cash gifting scheme
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…]
OneCoin declared just $3.8 million in revenue last year
OneCoin represent themselves as a billion dollar company. Earlier this year in March, OneCoin claimed it’s Ponzi points had a market cap of $3.34 billion USD. Another marketing spiel routinely trotted out is the claim that OneCoin is the fastest company in history to reach one billion dollars in revenue. A new report from the [Continue reading…]
OneCoin under police investigation in the UK
In a warning issued to consumers, the UK’s Financial Conduct Authority has revealed that London police are now investigating OneCoin. The Financial Conduct Authority (FCA) is a finance regulator in the UK that operates independently of the UK government.
Top investor claims OneCoin “is purely just a financial company”
The ruse behind OneCoin using newly invested funds to pay off existing investors is that the company sells cryptocurrency education. This education is delivered in the form of lengthy PDF files, filled with content either copied from third-parties with no attribution or loosely rewritten. Upon quizzing a random selection of OneCoin investors as to the contents [Continue reading…]
OneCoin under consumer protection investigation in Poland, new bank
On July 27th Mirosława Suchonia filed an inquiry with the Polish Ministry of Justice regarding OneCoin. Suchonia sought comment on whether or not OneCoin was potentially breaching Poland’s banking laws. On September 13th a response from Łukasz Piebiak, the Minister of Justice, was published on the Sejm (Poland’s lower house of parliament) website.
Stolen deceased identity used to promote OneCoin
For a two year old company who make all sort of financial claims, there’s a distinct lack of independent media acknowledgement. When something is published, OneCoin and their affiliates go into meltdown and make sure friends and family watching their Facebook page take note: The article Ken Labine, a Canadian OneCoin investor, is referencing was purportedly [Continue reading…]
