OneCoin @ BehindMLM

Success Factory has received a pyramid scheme fraud warning from Bermuda. As per the Bermuda Police Service’s April 15th warning, the department

Success Factory’s offices in the Netherlands were raided last Tuesday. FIOD, who investigate financial crimes in the Netherlands, conducted the raid on behalf of Estonian authorities.

In contrast to the crime infested cesspool that is Dubai, a court in Ras Al-Khaimah recently heard a case brought by a OneCoin victim. Judgment was found in favor of the victim (shocked pikachu face).

Estonian police have arrested four DagCoin executives, incluLibraryding founder Nils Grossberg and CVO Kris Ress (aka Kristjan Ress).

Although the Ponzi side of OneCoin collapsed in 2017, the MLM recruitment side continues to this day. And it’s not just easy pickings in third world countries either. As per an update from “OneCoin Scandinavia” last week, OneCoin is pivoting to travel discounts and forex fraud.

OneCoin fraudster Frank Schneider has lost his appeal against extradition to the US.

The Steinkeller brothers have delayed the Italian OneCoin criminal case. At a hearing aimed at separating Ruja Ignatova’s case, the Steinkeller’s attorney raised an objection over wiretapping.

Success Factory is a marketing spinoff for DagCoin, a OneCoin clone launched by former investor Nils Grossberg. DagCoin collapsed earlier this year, leaving investors bagholding yet another worthless Ponzi coin. To keep the grift going, Success Factory pivoted to automated forex trading. Thus far this has failed to gain traction outside of recruitment in a [Continue reading…]

Back in 2020 payment processor ePayments announced it was the subject of a freeze order. The freeze order was issued by the FCA, tying up over £100 million in client funds. Those funds are still frozen. Now ePayments has announced it’s shutting down.

OneCoin money launderer Christopher Hamilton will be extradited from the UK to the US.