OneCoin @ BehindMLM

Following a low-key webconference launch in the US earlier this month, things have been rather quiet over at OneCoin. US affiliates have been holding sparsely populated events across the country and there was some media coverage, but for the most part OneCoin corporate have been publicly MIA. Now, emerging chatter from OneCoin affiliates might explain why.

For an event that has been hyped to no end over the past month or so, the delayed launch of OneCoin into the US heralded much of nothing. There was no live event or official OneCoin corporate presence in the US, with the event instead held via webinar. A somewhat bored-sounding gentlemen opened the call, with a [Continue reading…]

Often one of the casualties of the MLM underbelly is that of charity. With less than legitimate business models, MLM underbelly opportunities often seek to artificially create legitimacy through charitable association. Typically an MLM opportunity will either directly set up an organization themselves as a charity make donations to third-parties. OneCoin is one such example, having set [Continue reading…]

This one flew under the radar, but turns out back in April Finand’s National Bureau of Investigation launched an official investigation into OneCoin. According to media reports, the NBI began investigating OneCoin after “many citizens contacted police” about the scheme.

OneCoin have been making all sorts of announcements to their affiliates over the last few weeks, with their efforts not going unnoticed by regulators. Hungary appear to be the first country to have investigated the scheme, concluding that a public warning needed to be issued.

Modeled on the Zeek Rewards Ponzi points business model, OneCoin are currently doing everything they can to divert attention away from the inner workings of their compensation plan. Of late these efforts have focused on spammy press-releases and what appears to be paid advertorials in other MLM blogs that inhabit our niche. One particular distraction [Continue reading…]

There is no information on the OneCoin website indicating who owns or runs the business. The OneCoin website does have an “about” section, however no information about the company’s ownership structure is revealed. The company does state however that it is headquartered in Europe with worldwide operations. We focus on core markets such as South [Continue reading…]