OneCoin @ BehindMLM

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…]

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…]

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.

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…]

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.

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…]

Over the last 24 hours reports have emerged that suggest OneCoin may have lost their Deutsche Bank account late last week. OneCoin affiliates have confirmed that Deutsche Bank has been removed as a deposit option from the OneCoin backoffice:

Finanztest is a monthly finance niche magazine published by Stiftung Warentest, a German consumer organization. In the September issue of the magazine, Stiftung Warentest has published a warning against investment in OneCoin and SwissCoin.