OneCoin @ BehindMLM

A few weeks ago we ran a story examining the murky origins of OneCoin. Billed as a new MLM cryptocurrency lead by Ruja Ignatova, who claims she has no MLM past, we published an abundance of evidence suggesting otherwise. Through further research and the investigative efforts of BehindMLM reader OzDelphi, we can now provide you [Continue reading…]

To date OneCoin have had a tough time independently verifying their legitimacy. The company, through Ponzi points, uses newly invested funds to pay off existing investors. Thus far this has proven to be a hard-sell to anyone they haven’t paid off. Paid advertorials are of course the videos OneCoin uploads to their YouTube channel, as [Continue reading…]

Some affiliates claim they haven’t been able to withdraw funds out of OneCoin for weeks. Others claim they haven’t been paid for months. For a select few, there doesn’t appear to be any payment problems at all. Yet the growing caucus of disgruntled investors who are unable to execute withdrawals requests cannot be denied. With most [Continue reading…]

In late 2014 OneCoin seemingly came out of nowhere. Ruja Ignatova was an unknown outside of China and a select group of Europeans. Sebastian Greenwood was tied to the SiteTalk share-based Ponzi scheme. As far as the cryptocurrency space went, the OneCoin concept was presented as being entirely new. Turns out it isn’t. OneCoin is little [Continue reading…]

Disclosure is something often overlooked in the promotion of MLM opportunities. In an industry where you’re actively promoting a business opportunity on the premise that anyone can be successful, disclosure of anything that might skew that representation is important. Failure to do so is not only dishonest but also a prime target for regulatory investigation.

If you thought OneCoin’s bitcoin announcement was a conveniently timed distraction from a Chinese crackdown on the scheme… you’d be half right. Turns out there might be a much more serious problem for OneCoin behind the decision.

Upon learning of the arrest of Chinese investors, yesterday Ted Nuyten personally “reached out” to CEO Ruja Ignatova. This was part of Nuyten’s duty as unofficial spokesperson for OneCoin to the MLM industry, suspected to be the result of an undisclosed amount of money changing hands. In “a statement” published on Nuyten’s BusinessForHome blog yesterday, Ignatova [Continue reading…]

In early March OneCoin announced a “Grand Ceremony” in Harbin, China. OneCoin Founder and co-owner Ruja Ignatova was to attend the April 23rd event. Since the initial March 8th promotional announcement, neither OneCoin or its management has made any reference to the Harbin event. April 23rd has come and gone, with there being no record [Continue reading…]

The Superintendency of Societies is a government regulator in Colombia charged with overseeing companies operating in the country. Citing a new law introduced earlier this year in January, the Superintendency of Societies has issued a warning against OneCoin.

As first uncovered by BehindMLM reader OzDelphi, on the 16th of April 2015 One Network Services Ltd. filed a US trademark application for “onecoin”. One Network Services Ltd., believed to be OneCoin’s parent company, sought to trademark the OneCoin name ‘without claim to any particular font, style, size, or color‘. Irina Dilkinska was the name [Continue reading…]