OneCoin @ BehindMLM

Following a decision by Finnish authorities to “monitor” OneCoin’s scamming of victims, as opposed to doing their jobs, Finnish media have recently been reporting on the Ponzi scheme. Much of what we already knew was covered in a recent Finnish Broadcasting Company (Yle) article, however specifics about OneCoin’s laundering of funds was news to us.

Earlier today OneCoin confirmed their acquisition of the UniverTeam pyramid scheme. BehindMLM first broke news of the acquisition back on the 5th of March. As per a OneCoin press-release issued a few hours ago;

Latvia’s Financial and Capital Market Commission (FCMC) is an autonomous public institution, which carries out the supervision of Latvian banks, credit unions, insurance companies and insurance brokerage companies, participants of financial instruments market, as well as private pension funds, payment institutions and electronic money institutions. Part of the FCMC’s duties see them engage in consumer protection, [Continue reading…]

Although not as large as its US counter-part, Norway’s Direct Selling Association (DSA) has 22 member companies. The organization claims that around 75% of Norway’s 88,000 MLM affiliates belong to one or more of their members. One of the stated objectives of the Norwegian DSA is to ‘protect consumers’ legitimate interests with respect to direct sales companies‘. [Continue reading…]

Hot off their acquisition of SiteTalk back in January, UniverTeam appears to be OneCoin’s newest source of gullible investors. As of yet no official announcement has been made by OneCoin, however in the last few hours UniverTeam investors have begun announcing a merge between the two companies on social media. The caption above reads “OneCoin company [Continue reading…]

The last investment increase OneCoin introduced was their €18,800 Festival package. Announced last November, the Festival package was a limited time promotion that ended recently. Potentially strapped for cash as withdrawal requests exponentially increase each month, OneCoin have just announced a new €25,000 investment package.

On their website, Software University in Bulgaria describe themselves as an ‘educational center that creates real professionals in the world of programming.‘ Recently, Software University listed an upcoming lecture by Ivan Kashukeev (Иван Кашукеев), titled “ONE COIN – revolutionary cryptocurrency”. The listed description of the lecture suspiciously reads like OneCoin marketing PR: Project OneCoin is a [Continue reading…]

In their own words, Financial IT are a cutting edge financial technology magazine. The publication provides a unique and valuable forum for people involved in the change process to learn and exchange ideas and knowledge – as technology cements its pivotal role in supporting the financial markets. The magazine was first published in 2012, is [Continue reading…]

As part of the need to constantly source new investment funds from untapped markets, OneCoin held a recruitment rally in London on February 7th. On OneCoin’s official Facebook page, here’s how the company pitched the event: Today is a big day for London. Get excited and come to see Dr. Ruja Ignatova present on the Future [Continue reading…]

Earlier this week Sweden’s Gaming Board announced the conclusion of an ongoing investigation into OneCoin. For those unfamiliar with the regulatory body, Sweden’s Gaming Board are responsible for investigation violations of Sweden’s Lotteries Act. In an official notice published on the regulator’s Lotteri Inspektionen website, the Swedish Gaming Board have declared OneCoin to be “a [Continue reading…]