Sebastian Greenwood’s OneCoin fraud indictment details
The mystery of OneCoin co-founder Sebastian Greenwood’s post-extradition disappearance is over.
On April 6th Greenwood’s 2018 indictment was unsealed, giving us all the juicy details.
About a year and a half ago, we caught wind of Greenwood’s arrest in Thailand.
Thai authorities let slip Greenwood (right) had been extradited to the US, which I believe was information not intended to be made public.
Since the November 2018 extradition there has been no information whatsoever as to Greenwood’s status.
As per the unsealed filing, Greenwood was indicted as “Karl Sebastian Greenwood” by a grand jury on February 6th, 2018.
For those keeping track, this is five months after Ruja Ignatova’s indictment.
Greenwood indictment details five counts of fraud:
- conspiracy to commit wire fraud;
- wire fraud;
- conspiracy to commit money laundering;
- conspiracy to commit securities fraud; and
- securities fraud.
It was a part and an object of the conspiracy that KARL SEBASTIAN GREENWOOD, the defendant, and others known and unknown, willfully and knowingly, having devised and intending to devise a scheme and artifice to defraud and for obtaining money and property by means of false and fraudulent pretenses.
GREENWOOD, and others working on his behalf, made and caused to be made false statements and misrepresentations soliciting individuals throughout the world, including in the Southern District of New York, to invest in “OneCoin,” a purported cryptocurrency, and thereby caused individuals in the United States and elsewhere to purchase OneCoin packages, and resulting in the receipt of over $1 billion of investor funds into OneCoin-related bank accounts.
The DOJ are seeking forfeiture of any proceeds Greenwood obtained through OneCoin.
In the “Overt Acts” section of the indictment, two unnamed co-conspirators are referenced.
On or about July 1, 2015, GREENWOOD sent an email to a co-conspirator not named herein (“CC-1”), stating in part, “I thought this could go out tonight, problem is I don’t have the access to send out to the members,” and attaching a document which announced a July 4, 2015 online webinar hosted by CC-1 and others to mark the official opening of the United States market for OneCoin.
On or about July 4, 2015, CC-1 participated in an online webinar, later posted to YouTube.com, in which CC-1 announced the official opening of the United States market for OneCoin.
On or about August 18, 2015, in order to purchase a OneCoin package, at the direction of a second co-conspirator not named herein (“CC-2”), a victim residing in the United States wired approximately $5,548 through a correspondent bank located in New York, New York, to benefit a bank account held in the name of “oneCoin Ltd.,” opened at the direction of CC-1 at Mashreq Bank in Dubai, United Arab Emirates.
Digging into our archives, on July 7th 2015 BehindMLM reported on OneCoin’s US launch flop.
The July 4th online webinar featured Ruja Ignatova, who I believe is the unnamed “CC-1”.
As for “CC-2”, that’s wide open.
CC-2 would have to be someone promoting OneCoin in the US in 2015, who was also high profile enough to be named a co-conspirator.
OneCoin’s attempt to launch in the US was headed up by Maurice Katz and Sal Leto.
In September 2015, Leto (right) hosted a webinar in which he stated;
(OneCoin) has acquired a hundred and eighty banking licenses, to legally own their own banks, their own branch and their own office, inside all one hundred and eighty countries that we operate in.
One of those countries is the United States of America, right?
Right now (OneCoin) is going through the Securities and Exchange Commission approval process, of having their banking license inside the United States approved.
That was of course baloney, but positions Leto as a strong candidate for CC-2.
To date US authorities have taken no overt action against Leto, who continues to defraud the general public.
Leto’s recently launched Auvoria Prime, a securities fraud investment scheme.
Maurice Katz is a CC-2 possibility, however I believe Leto was primarily liaising with OneCoin corporate.
I’ve ruled out any of OneCoin’s arrested money launderers, as none of them were promoting OneCoin as affiliates. If anyone has any other suspects, let us know in the comments below.
Presumably since his extradition in November 2018, Greenwood has been held at New York MCC under “Karl Greenwood”.
Looking forward in Greenwood’s case, a pretrial conference was scheduled for April 3rd.
On April 1st the DOJ requested an adjournment, owing to them providing “additional discovery materials to” Greenwood.
Counsel for the (Greenwood) … has indicated that the defendant requires additional time to review those materials and to engage in any appropriate discussions with the Government regarding a potential resolution of this matter.
On April 6th Greenwood’s pretrial conference was rescheduled for June 3rd.
Separately, on April 6th the DOJ requested Konstantin Ignatov’s April 8th sentencing hearing be rescheduled.
Because the defendant’s cooperation is not yet complete, the Government respectfully requests that the sentencing date be adjourned for approximately three months.
It is highly probable part of Konstantin’s undisclosed plea agreement has him providing the DOJ with evidence against Greenwood.
This is likely connected to the “additional discovery materials” provided to Greenwood.
It will also likely see Konstantin testify at Greenwood’s trial, should it come to that.
With the amount of evidence the DOJ has on Greenwood, and the assistance they’ve wrangled from OneCoin insiders, I really can’t see him going to trial.
It’ll be a repeat of the Mark Scott verdict, ultimately resulting in a harsher penalty than if Greenwood cooperates.
At this stage I don’t think the DOJ sees it happening either, hence the three month extension on Konstantin’s sentencing (it’s assumed Konstantin’s sentencing will see him enter witness protection, after which he wouldn’t be able to testify at Greenwood’s trial).
Greenwood’s cooperation will likely involve spilling the beans on Ruja Ignatova. That said, I suspect the DOJ already knows where she is (a country with no US extradition agreement or that won’t extradite).
Greenwood may also be able to provide valuable intel on other yet to be apprehended OneCoin insiders. Frank Schneider and Frank Ricketts come to mind.
And of course whether the DOJ’s case trickles down to OneCoin’s notable promoters (Juha Parhiala, Igor Alberts, Kari Wahlroos, Sal Leto, Simon Le, Habib Zahid, the Steinkeller brothers, Jose Gordo, Muhammad Zafar etc.), remains to be seen. Irina Dilkinska is likely also a person of interest.
Stay tuned for updates as we continue to track the DOJ’s OneCoin case.
Update 20th June 2020 – Sebastian’s pre-trial conference has been rescheduled from June 24th to August 5th.
Update 8th August 2020 – As per a telephonic pre-trial conference held on August 5th, the conference has been adjourned to October 5th.
Update 6th October 2020 – As per a motion filed by Greenwood on September 28th, the status conference has again been adjourned to December 18th, 2020.
The mention of them European scum is good .They all lie low now but I can see the sweat is starting to gather, please DOJ reach out.
Hey Alberts , Wahrloos, Zafir , you can run but can’t hide. This is gona get interesting. Wheres Tom (Ocean) Mcmurrain these days? The USA ambassador.
Was McMurrain on the US call? He’s another CC-2 suspect.
Last I checked McMurrain was busy scamming Nigerians through CMDX.
From memory though McMurrain was more an independent promoter as opposed to working with OneCoin corporate.
Who knows what went on behind the scenes though. Hopefully Sebastian can fill the DOJ in!
Wahrloos has 500 VG70 ICU ventilators price is $64,000 per, but you must private message him. Can’t see him arranging meeting in USA can We Kari boy.
Lowest of the low this scum, profit out of misery.
All of this is absolutely welcome and well overdue.
While King Jaym’s US buddies Chris Principe (another potential CC-2?) and McMurrain must be relishing what they can do with access to King and the top lever, none of this good news will make even the slightest dent on the ground in OL-Land. Sales will go on today across the world with talks about “splits”, “utility”, Ruja’s genius and changing the world.
Being the lowest common denominator in human scum, the IMAs will add their corona virus discount to the mix while they mingle with people they otherwise wouldn’t get an ear from over Passover, Eid or Easter – screw the virus if you can sell a powerpack.
The top level of OL makes no difference to the shysters on the ground. Until a few of them are made an example of (and they had better hope it’s via the courts and not their communities), this will carry on regardless of what happens to Sebastian or even Ruja.
I think you’re right, but the other possibility is serial grease-ball and self-appointed “Operation Mgr/ Master Distributor USA,” Glenn Smith (of Huntington/ Newport Beach/ Costa Mesa, CA), who was also promoting Onecoin heavily in the US at various hotel and restaurant events.
While Ruja, herself reprimanded him for promoting that Title, he was certainly considered Onecoin’s USA #0001.
Smith had extensive connections not only in Dubai (where, according to her Nov 2018 SEC deposition, the one-and-only Faith Sloan testified that he had recruited her into TelexFree in Sept. 2014, the same month Onecoin launched), but also in Thailand, Cambodia, Hong Kong and SE Asia. [Anjali (God rest her soul) documented some of his movements, previously].
Amongst Smith’s numerous scams over the past decade, he more recently tried his hand in Ormeus IIRC, as well as Lucrazon Global, “whitevanprojector scam” WCM777, Juding, Better Living, CoinXL, GlennFullThrottle247, EliteMillionairesLLC, etc. More potentially interesting though was his connection to Las Vegas, where he had an office at 930 W. Sahara Ave, Suite# 428 [just down the street from 6625 W Sahara Ave, Ste 1, where Denis Murdock work(ed)].
I’ve always suspected Smith of being connected to all of these crooks, and I believe he was partially behind both Aurum Gold (coin) and CoinVegas – both early Onecoin “ecosystems.”
^^^…and, quite importantly, Vietnam – all common territories of top Onecoin scammers and money launderers
@Oz , you write in the post:
As far as I see, that’s incorrect: At the end of the Indictment document it reads:
Which I would presume means February 6th, 2018.
Lets put here also the links to the Indictment on Courtlistener:
Karl Sebastian Greenwood Indictment:
Sebastian’s pretrial scheduling memo (June 3rd,see last page ):
Screenshot of the Bureau of Prisons search:
Bureau of Prisons search website:
@Oz, another thing. You wrote: “Greenwood indictment details four counts of fraud”
Seems you missed the Count Five – Securities Fraud..? On page 8 on the indictment.
Did Smith appear on OneCoin US webinars?
Damnit I took my time with this one to make sure I was fully awake. I hate you 😀
edit: Ah I see what I did, I read it non-US style (day/month). So used to reading US dates dunno how that slipped by me.
And I missed that sneaky count headline under “overt acts”. Usually they put all the counts together, when you get a different header it’s a new section. Thanks for the pickups!
@Oz, good that you hate Semjon and not me, but are you sure you are yet fully awake? 😀
Obviously not. I’m going back to bed 🙁
I do not believe this is correct. It is called witness protection for a reason, the system exists to make sure people can safely testify (which also applies to people who are themselves in prison, for related or unrelated activities).
The fact that Konstantin disappeared from the inmate locator system, with it being extremely unlikely that he was released before sentencing (what would his immigration status be?), very strongly suggests he is already in the witness protection program.
People in WITSEC, whether inmates or free, do testify. There’s an array of special measures which can be taken to make sure their new identity (if they’re free), or which federal prison they’re kept in (if they’re inmates), isn’t revealed during the trial.
The system is also entirely conditional. It would be very surprising if someone whose testimony could still be crucial in future trials, and with some of the people Konstantin knew still working the scam, was given long-term witness protection, without a condition attached that he should remain available as a witness in additional cases.
This is not a case of someone being a witness to one specific crime, whose usefulness ends the moment the trial for that is over.
This might be the Hollywood talking but I always thought witness protection was a new identity, relocation and you’re never heard from again.
Didn’t many of us assume that Sebastian is the Co-operating Witness-1 (“CW-1”) from the Konstantin’s Criminal Complaint Document?
I certainly did, and my initial reaction to the news was that SG botched his co-operation deal. But somehow it didn’t even cross my mind to reconsider my view earlier given what we learned from the trial.
If CW-1 isn’t SG, then the next natural suspect is Gilbert Armenta for the obvious reason that it was revealed in the trial that he is/was co-operating with the Feds. (Btw, even he probably isn’t “The Original Snitch” from the January 2017 Operation Satellite presentation that Frank Schneider feared was Mark Scott, for Gilbert’s co-operation started much later that year.)
It’s somewhat odd that CW-1’s opinion on DealShaker is quoted in the court document, but I guess Gilbert could have known about such OneCoin affairs too because he was so — even intimately — close to Ruja.
And somehow I was under impression that we would have heard about Sebastian’s case earlier if he was waiting for a trial.
Why the indictment was unsealed this late? Why he agreed to all these Speedy Trial Act adjournments?
@Oz – RE: Glenn Smith webinars:
Second comment down remarks upon a Smith webinar with Ruja around this same time period (sadly, the video is a dead link)
If Smith was appearing on webinars around the time in question then he fits as a CC-2 suspect.
I know the DOJ aren’t going to play all of their cards until Ruja is arrested (whenever that is), but it’d sure make piecing all of this together a lot easier.
LOL… Tom McMurrain’s “CMDX – The OneLife Killer”.
But how much credo can you take from killing a dead horse?
I did some reading up on this when it was first mentioned in connection to Konstantin, and it’s all a lot less spectacular than it might seem from popular culture.
Especially for inmates in the WITSEC program, it really means nothing more than being put in special, physically separate sections of a prison, to keep them safe from other inmates who might target them on behalf of the people who they need to be protected from.
Contrary to what one might think, such prisoners can still keep in contact with those they know in the outside world, and even receive visitors.
Even though they’re removed from the public locator system (and thus show up as “released”), it’s pretty much up to them who they tell about where they are. (This is why, even though the locations of the 7 special WITSEC sections are supposed to be secret, and are redacted out of all publicly available documents, the list can easily be found on the net.)
But that’s for inmates. In Konstantin’s case, it’s a bit of a mystery to me how he could be offered witness protection once he’s released (assuming he’s sentenced to time served, or a very short sentence).
He’ll be a convicted criminal, and a non-US citizen who’s never been legally resident in the US. By any normal standard, he should be deported upon release.
The WITSEC program as far as we know only operates within the US, and for non-inmates is handled by the US Marshals Service, whose powers obviously stop at the border.
While the US authorities can of course create a whole new legally valid identity for a US citizen, it’s hard to see how they could do that for a foreigner, except with the cooperation of a foreign government, or by resorting to pure forgery. Offering any meaningful protection to anyone living outside the US seems impossible altogether.
Would they really let Konstantin stay in the US, under a new identity, just so they can protect him, or even make him a US citizen?
There is nothing about him that would otherwise qualify him to stay in the US, and his usefulness to law enforcement ends the moment there are no more OC-related prosecutions to be expected.
OK, it could be that they’re still holding out hope of capturing Ruja, and want to keep him on hand for that, but he’s probably already testified to just about everything he knows.
There’s also the strange aspect of his girlfriend, and their baby. They were supposed to be part of the protection agreement IIRC, yet we have been told she is part of Veska’s little gang, still holding out in the Führerbunker in Sofia.
Where does that figure into K’s current situation, in the eyes of US authorities?
I’m not versed in this but what you described sounds more like protective custody?
I don’t know the technicalities of it but I always assumed Ignatov would be given a new identity in the US somewhere. Whether that comes with citizenship or the other logistics, yeah I have no idea 😀
Well, if it wasn’t clear before, now it’s crystal clear the OneLife ex-captain Simon Le has left OneCoin/OneLife.
Today’s OneLife Newsletter has a warning, saying that members shouldn’t join Simon Le’s copycat coin, or they risk losing their account.
So Simon Le is “spare heading” another OneCoin Ponzi clone is he?
The Federal Witness Security Program as it’s known in full, WITSEC for short, is just a form of protective custody. For inmates, it doesn’t make much of a difference to their daily lives, although the conditions seem to be a bit cushier than for regular inmates.
It’s not clear to me just how much real ‘custody’ it involves for non-prisoners, in terms of interactions with the US Marshals Service which is supposed to be looking after them, after they’ve been provided with a new identity. There is much less information to be found about what it means in practice for them.
This is what King Jayms said some days ago about the reasons why Simon Le left:
(I haven’t watched the whole video so I don’t know if there is more.)
So apparently Simon Le was massively fed up with the trouble-ridden scam. He also made some “outrageous demands” to “the company” but got turned down. The story doesn’t tell what the demands were.
The warning in the new newsletter indicates he probably wanted to officially take the lead in the scam and put his own Ponzi coin under the banner of Onecoin. (Or who knows, perhaps Simon wanted the princess Kristina Gouneva’s hand and half of of the Kingdom. 😉 )
Well, if Simon didn’t manage to get OneCoin, he can always re-launch AurumGoldCoin — the now almost forgotten second “currency” that Ruja brought to this world for our amusement. 😉
What has happened to the mighty ex eagle, chicken Wahrloos ex onecoin, dagcon, wantage one and now Sales Executive for Fintrade Mercer, selling covid 19 ventilators.
Either Fintrade found out about this pathological liars past and disassociated themselves from him, he deleted all knowledge of this company, hey Kari boy where them 500 ventilators you had!!! Did no one PM you??
Actually I have been waiting for King Jayms to try and resurrect AurumGoldCoin. More of his style and chutzpah.
I have since learned that King Jayms had equated OneCoin and DealShaker to a rocket ship.
Only problem is that it has been sitting on the launch pad for 5 years and has gone nowhere; but the members are told be patient a little longer because it won’t be long until the fuse is lit and the rocket ship will blast off into space. More like oblivion but I don’t want to confuse the King.
The exciting news is he still believes in the mission and that OC will be the only crypto-currency to survive and thrive.
So much for his self-proclaimed promise that he would never lie to the members but only tell them the truth; and then with every video and presentation lies through his teeth and with every word out of his mouth.
In the video Semjon mentions, James’s idea of a “rocket ship” turns out to be the Space Shuttle, and he insists on showing a clip of a launch.
Somebody really ought to tell him that, first, the Shuttle was 1970s technology, and last flew in 2011. Except for the two that were destroyed in flight, killing everyone on board, they’re all in museums.
Second, when you start showing video of a Shuttle launch, most people will expect it to be the one where Challenger blew up soon after launch, because that’s the one Space Shuttle launch that has been shown over and over and over again. It’s not an asociation you want to create.
Let me also take this opportunity to express my irritation at people referring to Cordel James as “King Jayms”. That is not even a nickname, it’s a stupid, self-aggrandizing alias he made up himself – I am absolutely certain nobody called him that before he started using it online.
It’s like that scumbag Jordan Belfort, who dubbed himself “the Wolf of Wall Street”. Nobody except himself ever referred to him like that, until he used it as the title of his own self-aggrandizing book. He never ran, or worked for, a Wall Street firm.
Kamran Hye has some new things to say in a new video:
– Three separate IT companies are working to build new DealShaker, new BackOffice and new blockchain. Hye claims the contracts signed are valued in millions.
If that’s true, Veska and Kristina have to pay almost Mark-S-Scott-level “risk premiums” in order to get anyone work for the them.
– OneCoin is making changes to the “company structure”: A CEO will be employed (what’s wrong with Foxi?) and new money laundering structures established so that comissions could be paid again.
– Hye implies that in US courts things are looking bright for OneCoin. His version of the legal situation is incredibly distorted. Fox example, he in affect claims that US court hasn’t found Mark Scott guilty on all counts and he mischaracterizes what the recent troubles in the class-action case are about, claiming the case is about to be dismissed due to the lack of evidence.
But it’s probably the first time any OneCoin promoter has publically acknowledged the existence of the civil case and indictments against Ruja and Sebastian. I bet it was “breaking news” for many in his Vietnamese audience.
It’s interesting to see how the new Blockchain is going to be implemented . My guess is the following:
– everybody gets double coins or some other illogical crap
– price of one is not affected at all
– King Jaymes is yelling and shouting “go, go, mine, go”
– lots of smileys and gifs posted on FB by every dimwit that still believes in OC
I think Ruja said, that switching the Blockchain can only be done once and that was in October 2016. Somebody can correct me if I am wrong.
@Roque – From Crypto Xpose YouTube channel – a video of Ruja talking about what makes cryptocurrency ‘very very special, guys:’
OneCoin had 2.1 billion coins until October 1st 2016. Then increased to 120 billion coins on October 1st in Bangkok, even though Ruja said in this video, it can’t be changed anymore, it’s a commitment.
And of course in OneCoin the coin value didn’t drop when Ruja increased the coin supply to 120 billion coins, it just increases (against all financial laws).
Of course, it was her announcement on 11 June, 2016 at Wembly Arena for CoinRush which foretold the first increase in the formerly “fixed” and “finite” supply. But, even immediately thereafter, Onecoin (freshly known as OLN from that day) they continued using the whole “fixed” and “finite” supply nonsense.
Many haterz pointed out for the next years that if the “fixed” and “finite” supply could be increased once, it could be increased again. And here we are.
The NEW “fixed” and “finite” supply will be “fixed” and “finite” at 250 billion coins (still divisible to the 7th decimal, I presume (ie., 1/100millionth).
These clowns don’t even realize their clownliness!
Sadly, the Kamran Hye video linked to “has been removed by the uploader”.
It seems to escape them that creating a new blockchain is tantamount to an admission that there wasn’t a functioning one before.
I think James actually realizes this, since at one point in the last video I saw he tries to correct himself by talking about a merely “improved”, rather than a “new”, blockchain.
If they’re really spending big money on having a real blockchain set up, that’s of course easily-made money for anyone who doesn’t mind about their reputation being damaged, and has no scruples about taking money earned from criminal activity.
Just take free, easy-to-use open source software like MultiChain, edit a few configuration files, and write an invoice for a made-up amount.
I do hope this new blockchain will inherit the most novel and interesting aspect of the earlier fictional one. They always claimed that they stored full KYC information within the blockchain itself.
If they do that for real with this new one, that would mean every OneCoin owner’s full personal information will be out there for anyone to see, linked to all the transactions they’ve ever carried out using it.
And of course all changes to that information as well, for as long as the blockchain runs. It would be the biggest public dump of private information in the history of the internet.
And unlike incidents where such information was stolen by hackers, entirely intentional, and continuously updated, not just a snapshot at one point in time.
The onecoin scammers can defend themselves by just storing visible but random data in the public blockchain, and call such data encrypted KYC.
And you are correct: storing personal customer information in a public blockchain, even encrypted, does in fact expose the system to a huge privacy vulnerability and is a moronic idea to begin with. Still the official onecoin position is defensible in this case.
Another possible defense would be claiming that the KFC information was in fact stored in the old “private” blockchain, but will now be stripped in the improved public version for privacy’s sake.
Of course I am playing the devil’s advocate as an intellectual exercise. I do not assume any good faith on onecoin’s part.
On the other hand, Simon Le and his entourage have set up a new Onecoin copycat called OneLink/OneLinkcoin (onelinknetwork.com).
At a quick glance, it’s more or less the same as DagCoin, with a flashy ecosystem, sketchy mobile app and overhyped decentralized blockchain etc.
At the moment, promotion is pretty much limited within Vietnam afaik and old Onecoin cultists are actively jumping off the sinking ship over to the new one, following their leaders.
It’s tragically comical to hear Simon Le touting the decentralized blockchain over centralized, corruption-prone one by Onecoin that he used to swear by his heart to be the future of a financial revoLULtion.
You may want to check it out @Oz
From OneCoin to OneLink? Geez, Simon Le is pulling out all the stops.
I’ll queue OneLink up for review. If there’s a comp plan available when it comes up I’ll publish.
The detailed compensation plan can be found on Youtube, but only in Vietnamese language (watch?v=GVD69vAA92E). Recruitment seems to be limited within the Vietnam market at the moment as well, perhaps as a way of testing the water. Not sure if an English version is available yet.
Simon Le and a few ex-Onecoin top leaders are pulling the strings, but mostly from the shadow. They are pushing middle-level ex-Onecoiners to the front instead.
The outrageous hate on him from the Vietnamese Onecoin community is insane. Would be interesting if this could turn into an actual witch hunt by some desperate members, the country itself is a nest for shadow mafia activities.
In our circles, Cordel James is a King, King of Ponzi Pimps in his country. It’s why I call him King Jayms. I want to honor his position as the King of the Ponzi Pimps. He has earned the title.
In the US we had Ken Russo, King of the Ponzi Pimps, Phil Piccolo, the one-man crime wave Ponzi Pimp, and Faith Sloan, Queen of the Ponzi Pimps.
In the UK Simon Stepsys is the King of the Ponzi Pimps, and of course you are familiar with all the Ponzi Pimps of OneCoin worldwide.
But I agree with you that he has taken it upon himself as his self-aggrandizing title.
I wonder what made them delete the video… Karman’s tweet pointing to it still exists (twitter.com/kamranhye/status/1251136154457563137).
I see that Mr Hye has now published a FB post on many of the same matters:
Interestingly, he claims than Simon Le’s OneLink was started over year ago:
If it’s really that old project, I think its ERC-20 contract could be this, for the name and the same (120 billion) amount of tokens as OneCoin:
(For what it’s worth, the byte code of the OneLink contract is same as in some coins called “MushroomCoin” and “666Coin” 😉 )
Could this even be related to the new Ponzi that Konstantin Ignatov referred to in his court testimony as one of the reasons he was in Las Vegas (with Simon Le et al)?
(from K’s second court day testimony, p. 207, courtlistener.com/recap/gov.uscourts.nysd.482287/gov.uscourts.nysd.482287.189.0.pdf)
Perhaps this “new Ponzi within OneCin” was a way for Konstantin to get out, for he told in court he was thinking about leaving the scam in 2019:
(from K’s third court day testimony. p. 434, courtlistener.com/recap/gov.uscourts.nysd.482287/gov.uscourts.nysd.482287.191.0.pdf)
OneCoin started using Sucuri’s services to avoid the Cloudflare’s Phishing alert.
Regarding Simon Le’s OneLink Network, found these from the source code of the member login page (member.onelinknetwork.com/web/login/index), that I can’t find anywhere else on the site.
From “IMA agreement” section of the source code:
The discrepancy between Malta and Belize is probably due to the fact that it’s a rip-off from OneLife Network T&C. Later in the source code, these lines in Terms and conditions section even contain OneLife’s Belizen company registry number abd address:
And the there is this: “Version of the General Terms and Conditions: 12.10.2017”
In the IMA agreement section, a reference to OneAcademy can be found:
Unfortunately, I can’t get past the phising warning alert on onelife.eu domain to ascertain the level of similarities between the two .
Oz, here are the comp plans etc. material from Simon Le’s scheme if you didn’t get it yet.
I hope you can create a dedicated blog post for OneLink soon.
OneLink Network Comp plan and Leadership Rankings_15042020.pdf
OLX Exclusive Program_from 15042020.pdf
OneLink Network _15042020.pdf
Simon , Kari Wahlroos and Udo Deppisch here. We have sent you are CVs for you to look at.
Are main area is to cheat, lie and scam our downlines, and as many idiots has we can (sorry people) we both have track records of this speak for itself.
We are available immediately, and welcome the opportunity to screw people over again.
While we wait for your call, Kari here, I have 500 ventilators government approved if you PM me.
There was a rather interesting webinar on April 16th, where King Jayms answered russian onecoiners’ questions.
Here are some of the topics discussed and time stamps:
23:10 Is KingJayms going to leave the company as well?
29:00 New 250 billion coin blockchain
30:00 Who is the owner of the company?
39:19 Veska video on Bulgarian TV ?
42:17 Cash withdrawals from the cash account?
46:24 Automatic KYC when?
54:56 Will there be new products for OneLife MLM?
1:03:18 Why 250billion coins?
1:06:38 Will new blockhain launch in August event?
1:14:01 Dealshaker with social network and Duncan
1:18:55 When it’s possible to transfer coins without limits?
1:20:44 Offline wallets?
1:26:23 Registration papers of the company?
1:33:05 when will there be an exchange for merchants?
Thanks for those WhistleBlower. Stay tuned…
Well, after listening to the video with Cordell James, here is what I learned:
Cordell James admits that he joined OC in July 2016 but didn’t know anything about educational packages until October. Around 6-7 minute mark
He admits that anyone who joined before him didn’t know about the education products either. Around 11-minute mark.
True OneLife is going to have 250 Billion OneCoins.29:14 mark
Two company lawyers, accountant and Veska head up the company and to whom he reports. He does not know who owns the company. 30:24 mark
Airing of Veska’s version of OC will be aired on TV in September, 39:57 mark
New blockchain will be able to show how it is doing through block explorer. 1:06 mark
DealShaker is not good but Beta 2 was stolen from the company, so DS is what is is. 1:13 mark
No idea when it will be possible to transfer coins without limits, or about offline wallets, or registration papers of the company.
As for an exchange for the merchants all he would say is the company is working on it. You have to TRUST that all these things will be worked out. He doesn’t care if it takes a year for them to fix all the problems and get things right.
He admitted that he was offered a position in Simon’s company but not directly but off-handedly and he turned it down.
So after all the big claims that OneLife was all about selling educational packages, he let the cat out of the bag that not only he, but everyone else didn’t know about the educational packages for 3-4 months after joining either. Too funny.
So he is not he big dog he likes to portray himself being in OneLife.
Just to emphasize what an astounding financial phenomenon the upcoming NewOneCoin will be (he’s promised it will be there by August), let’s put their numbers into some kind of perspective.
I think the fairest comparison within the regular financial system for a cryptocurrency is to the M1 money supply: all the money that is in circulation either as physical cash, or in directly accessible bank accounts and the like.
With 250 billion coins at €42.43 each, the new blockchain will have €10.6 trillion worth of NewOneCoin on it.
The M1 number for the whole EU is €8.9 trillion. Yes, that’s right, the moment in August someone in the OC offices in Sofia starts the new blockchain running, they will have instantly created more money than is in circulation in the entire EU.
And of course that current exchange rate of 42.43 will go up, OldOneCoin has a proven track record of only ever rising against the euro, and NewOneCoin will no doubt follow that pattern.
The M1 number for the whole world is estimated to be somewhere close to $40 trillion. At today’s echange rate, there will be about $11.5 trillion worth of NewOneCoin.
Just what the economic impact of this sudden, overnight appearance of such massive amounts of money out of nowhere will be, I cannot imagine in any kind of detail. But one thing is certain: nothing will ever be the same again.
So the reason for 250 billion coins is that their existing “blockchain” is running out of space again — they have “mined” 110 out of the 120 billion.
It’s somewhat puzzling if the info that Duncan’s team got from Sofia’s data is correct, that OneLife members owned 50-65 billion coins at the moment they were trying to do the NewDS integration work (probably early 2019). The past year or so has been a wild ride in terms of coin creation.
And who remembers what Ruja said back in the day that OneCoin can go public when 80% of the coins are mined, or something like that?
And who remembers that Finnish police is still waiting for OneCoin source code to be published when 70% of the coins are mined, which they had to wait and see until they could proceed in the criminal investigation? 😉
That claim of 110 billion coins already “in circulation” amused me too.
First, a supposed cryptocurrency which cannot be exchanged, not even among people already owning some of it, isn’t in any kind of circulation. Or in fact a currency at all. (James does confirm what I’ve suspected for a while: that when OC talks about “remittances”, they don’t mean remittances, they simply mean transferring coins between people.)
Second, if that 110 billion number is to be believed, when they increased the price from €29.95, at which it had been stuck since January 2019, to €42.43, they increased the total value which current OC owners think they hold from €3.3 trillion to €4.7 trillion.
Which means they used to be worth about the same as the GDP of the EU’s biggest economy, Germany, and from one moment to the next added an amount somewhat larger than the GDP of Spain to that.
Let me say thank you here to WhisteBlowerFin and Lynn for providing the highlights, so the rest of us don’t have to sit through yet another ridiculously long, tedious piece only meant for internal consumption.
James bristling at the mere thought anyone would want to see the incorporation documents of OneLife, and then going off on a nonsensical rant about how nobody knows who owns and controls central banks, is very funny though.
Ignorant people who think everybody else is as ignorant as they are, are always amusing.
They have to keep increasing the number of coins they claim are being mined because of the claim that when 80% of the coins are mined, they will go public.
There is no way in Hades they can go public, and they know it. It’s the excuse they will continue to use as long as they can keep this charade going.
Simon Le’s departure has hurt them more than they are willing to admit. The number of new merchants is falling rapidly since they can’t do face-to-face events and expos.
The webinars are decreasing in number, and people are starting to ask questions that are getting harder and harder to answer. The cracks are showing and it won’t be long now until it all collapses.
Cordell is feeling the heat and is losing it at times unlike before. Not as upbeat and positive and it shows.
People, please contact Sucuri (seems to be a US company) and say that their new customer is a massive international fraud scheme according to US Department of Justice.
Contact Sucuri: sucuri.net/company/contact-us/
US Department of Justice news:
OneAcademy.eu doesn’t have Cloudflare’s Phishing alert any more, because OneCoin is using Sucuri’s services for OneAcademy. I suspect they try to extend this to the other OneCoin sites as well soon.
See here OneAcademy domain info: securitytrails.com/list/apex_domain/oneacademy.eu
Sucuri answered to my Tweet!
So, the best way is to contact abuse (at) sucuri.net and let them know their customer is OneCoin, a massive multibillion dollar fraud scheme as stated by US Department of Justice. Which is using Sucuri services for their OneAcademy.eu website.
It’s probably good to include at least this US DOJ news which stated that OneCoin is a massive international fraud scheme, and a lawyer already got convicted laundering money for OneCoin.
The Onecoin vs OneLinkCoin is at its highest with both sides throwing serious jabs at others.
Yesterday, Mr Huynh Khanh, Simon Le’s right hand man and an ex-member of the DealShaker core team, let slipped some juicy details on OneCoin’s state over the last 6 months:
– The money is seriously dried up and the office was dead empty after Veselina left. The company borrowed €35,000 from Veska (yes, Ruja’s mother) as down payment to hire a new IT team to attempt to fix the technical mess and keep the websites (barely) working. The next payment is due this April and he’s not sure if they can afford it.
– The cash account due (BV points) that the company owed to IMAs amounts to roughly 600+ mil euro and there’s no foreseeable way to plug this hole.
The company proposed to introduce coin packages of 30 million coins at €20/coins to finance this liability, but everyone knows Onecoins are being traded under the table at a few cent per piece.
– The Sofia management team was highly unorganized and unresponsive to the leaders’ requests and proposals for a new IT team, turning down offers to buy 20 to 30% ‘shares’ of the company from Simon Le and the Russian/Kazakh country manager.
Functional problems with Coinsafe and Dealshaker was notified to Konstantin in 2018 but he didn’t care to lift a finger and they still don’t until now.
The company have also been looking for a CEO, but none accepted the offer after looking through the travesty it’s in.
Oh, and everyone, including Simon and his entourage still have a very infant idea of how blockchains actually work, keep calling the backoffice platform the ‘blockchain’.
– The intention to ‘switch on’ the new 250 bil blockchain is real, but there is no actual plan or roadmap for it, apart from using it as more baits for gullible investors to keep the money reeling in.
Later on the same day, Ms Mai Loan (another top Vietnamese promoter) fired back at Simon’s squad, claiming he and his ‘buddies’ have been bullying the Vietnamese market for years, squeezing even more money out of local investors and culling off other leaders (including Mai Loan) who opposed to his greed.
Simon has secretly prepared and shadow-recruited for his own OneLink copycat for almost a year and even Habib got wind of it and initially kicked Simon out of the Inner Circle.
She explained that investors’ BVs are not paid out because of Onecoin’s bank accounts around the world are frozen, once they are re-opened (a miracle?) then everyone will be bathing in cash.
And eventually, she urged investors to ‘believe’ in the project as the company always has its own ‘strategies’ and ‘road map’; and that Simon and his peers are cowards and idiots.
An interesting minor tongue slip is that around the end of last year, Habib claimed that Ruja’s family was staying somewhere in Germany. Perhaps Jamie Barlett’s investigation was actually going the right way.
In time of quarantine, this is way more amusing than any Netflix soapy dramas.
Don’t know if it’s really necessary but perhaps just to hit the point home: the footnote 1 on page 4 of the Konstantin Ignatov Criminal Complaint is a black-and-white statement from DOJ that it considers OneAcademy as part of the same fraud scheme.
It’s probably the only place in the US court documents where OneAcademy is mentiioned spesifically. So now that you got Sucuri’s attention, might consider sending also a screenshot from that to them.
@Semjon thanks for the tip, I think it’s a good idea! Done!
@Thomas Weiss do you have any source link for this what Huynh Khanh said?
Here’s the link to the video by Huynh Khanh, I reuploaded it to Youtube because the original one was posted onto Telegram (the language is Vietnamese though).
Tom McMurrain is now trying to play OneCoin victim. 😀
NOW he agrees with everything what critics told him years ago…
Yeah somehow I don’t buy it that he didn’t profit a lot.
Quote from the article
My question is do the brothers include Staffan Liback as he is not mentioned in the list above?… I ask because he was a big OneCoin icone and he is still very much Ponzi-scheming together with Frank Ricketts via Amplivo (Ecovo) powered by Cloud Horizon…
By the way isn’t it very sad for Frank that his whole travel-voucher-business has gone tits up lol.
Yes Frank Ricketts I remember he was the one that shoved the Mighy Eagle out Wahrloos, Hey Kari boy remember him.
@Johan – RE: Steinkellers – IIRC Stefan Liback slept with Christian’s wife, but in some weird back-stabbing-world kinda way, became “like a brother” to them, and was the unofficial “4th brother” of the Steinkeller trio, leading the One Go-Pro Team once Conligus (their collapse pyramid scheme) partnered with Onecoin.
When Steinkellers announced departure, stating that they were “burning the bridge behind them,” Stefan took over the (mis) Leadership of their entire down line, as well as (I believe) becoming a Master Distributor for the scam.
Yes but all of Tom’s new found wisdom is woven into a sales pitch for his “OneCoin Beater” CMDX coin opportunity. Never let a good tragedy go to waste when you’ve got a scam of your own to promote.
There have been so many of them over the years I’m bound to miss one or two 😀
I agree with Glim. McMurrain clings on to the notion that OneCoin was at any point more than a vehicle for Ruja Igantova and friends to steal money through.
And his mea culpa is twisted into a marketing pitch, so credibility goes out the window. Does he believe any of what he’s saying or is it all a ploy to sell his own coin?
McMurrain most likely realized quite fast that OneCoin is not legit (like Tim has pointed out McMurrain is one of the rare “leaders” who had some actual knowledge about cryptos), but like so many “leaders” just didn’t care, so I have no doubt that he says what he is thinking now. Of course he is also promoting his own scheme, serial scammer that he is.
By the way, he continued promoting after the May 2017 Macau event, even though he said that’s when he realized OneCoin is a scam.
For example here’s one promo event in August 2017 in Vietnam where McMurrain was promoting with Chris Principe:
OneLife’s site, which got rid of the Phishing warning is now using Dosarrest Internet Security LTD’s services.
Please contact Dosarrest and complain that they are providing service for a US DOJ stated massive international fraud scheme OneCoin and its MLM BackOffice site.
My Twitter message:
Lol Securi acted fast. Never heard of DOSArrest.
It’s never his fault that he kept on picking losers, including the scam he ran that forced him to flee the country, to Panama, only to be ignominiously sent back in cuffs years later because he ran another scam there.
That’s why he kept trying to market himself as “ex-con to Excalibur” or some BS like that.
After getting out of prison, he kept picking losers like Zeek and Onecoin. The most “legit” biz he did was the failed Solavei.
It’s surprising he’s still at it. Guess leopard can’t change its stripes.
Or in his case “spots.”
I am surprised that his Parole Officer hasn’t been told about what he is doing and violated him. Hopefully they will file charges for his role in OC and his own Ponzi coin.
Now the Veronese mafia godfather Luca Miatton promises a Mastercard for buying gas partly with Onecoins:
This is a continuation of Luca Miatton’s plan where his company accepts 100 ONE + 100€ and provides about 1000 members a 3rd party gift cards/voucher which have a real usable value of 200€. So his company uses about 100k € to exchange ONE to fiat value.
Then when these members receive the gift cards/vouchers, they are encouraged to post videos all over the internet how they use onecoin to buy gas, buy groceries, buy with Amazon voucher etc..
Let’s see how this marketing plan works. Members should receive their gift cards/vouchers in May and start posting videos about OneCoin “usability”.
These people seem to be genetically incapable of doing business in a normal way.
I’d never heard of this Soldo card. It turns out it has only one purpose: dealing with company expenses. The cards are issued to companies, who in turn give them to employees, and it’s supposed to make expenses easier to track than regular company credit/debit cards.
First, I wonder how long it will be before Soldo becomes aware that Miatton isn’t issuing their cards to his employees, but essentially selling them to the general public as gift vouchers, and pulls the plug on him. He must have lied to them when he signed up.
Second, for as long as his scheme lasts, the money on the card doesn’t actually belong to the person using the card. It will be Miatton’s money, he is the only customer Soldo knows, and not only can he see every payment made (that’s the whole point of the card), unless I’ve completely misunderstood how it works he can also make the card worthless whenever he wants.
I cannot for the life of me understand how he thinks this can ever work for him, financially. Is he really willing to double every €100 he gets from his own pocket, just in the hope that will generate free online publicity, and thus more sales? That’s one hell of a loss leader. For how long can he sustain that?
I admit I don’t get the details. There is an “activation fee” of €10 shown on screen, which he doesn’t mention, and then there is an unclear mention of €195, before he goes on to talk about €200, €100 of it in real money. The fact that a basic Soldo card costs €5 a month must also figure in there somewhere, and isn’t mentioned either.
But then, a lot of MLM-related financial stuff confuses me. It’s always so much more complicated than anything in the normal financial world.
Maybe Luca Miatton doesn’t use much of his own money, but it works like this:
Group_1 has been sold 500 of these gift cards/vouchers, each of these 500 members paying 2.36 ONE (100€ “worth” of ONEs) + 100€ for Miatton:
Group_2 has been again sold 500 gift cards/vouchers for 2.36 ONE (100€ “worth” of ONEs) + 100€:
Now Group_1’s gift cards/vouchers are completely financed with Group_1+Group_2 euros, and Group_1 gift cards/vouchers can be delivered.
Then Group_2+Group_3 will finance Group_2 gift cards/vouchers etc. etc.
Miatton’s Soldo Mastercard scheme, if it’s not totally marketing hype, may function with the same principle. There’s probably certain limited amount of Soldo Mastercards delivered by Miatton, and a member can buy more credit for 2.36 ONE (100€ “worth” of ONEs) + 100€ once a week from Miatton’s company.
Create hype and videos around this, and this can keep going on for some time.
That’s just a description of a pyramid scheme, and it cannot work as described.
That onecoins also supposedly pass hands here is really immaterial, that some numbers change in a database keeping track of ownership of worthless onecoins (if it’s still functioning) doesn’t change the real money arithmetic.
That arithmetic also doesn’t change whether you think of it in terms of individuals, or of groups of 500 people each, let’s put it in indivual terms to keep it simple.
The fact remains that he’s selling things to people for €100 each which he has to buy for €200[*]. That can only be sustained by doubling the number of buyers at each iteration (or if he has a limitless supply of his own money which he’s willing to pour into it, quod non).
Of course he can buy a €200 voucher/prepaid card for Person 1 with the €100 he got from Person 1 and Person 2. But then, he has no more money, and he owes Person 2 €200.
He can’t use the takings from Person 2 and Person 3 to pay him, since he’s already given all of Person 2’s money to Person 1. So he needs to recruit two new people, Persons 3 and 4, to pay Person 2.
Now he is once again out of money, and owes Persons 3 and 4 €200 each. He has to recruit Persons 5, 6, 7 and 8 to pay them.
Then, Persons 9, 10, 11, 12, 13, 14, 15 and 16 to pay 5 to 8. On and on, until the pyramid collapses.
This makes no sense, unless he really thinks that he can do this for only a very, very short time, and that the hype it is supposed to generate will result in such vastly increased sales of OC packages that it more than compensates for what he’s spending.
Even if he intends to shuts it down very quickly, there’s no getting around the fact that he will have to pay people on the bottom rung of his pyramid out of his own pocket to shut it down again, cleanly.
Essentially, he must be hoping his little personal, parallel, temporary pyramid scheme will revive the big, moribund OC pyramid it’s associated with in name only, and he’ll end up a winner in that big pyramid in the long run. (Plus, of course, he does have those worthless onecoins accumulating, which he may still be deluded enough to think will one day be worth something.)
[*] We’ll ignore the fact that with gift vouchers he’s probably spending a bit less than the €200 face value, since you normally get a discount when buying such things in bulk.
With the Soldo cards, he’s spending more, since each card costs €5 to start with, and then €5 per month in fees. It doesn’t impact the fundamental problem, that he’s running a pyramid scheme.
@PassingBy Yes you are of course right,
But he doesn’t need always new people, because people will probably buy these several times cause they get “gas paid with 50% ONE once per week”.
The groups 1 and 2 sold out the 500 + 500 coupons in minutes.
If the groups remain at 500 people/coupon:
Group 2 will be financed with Group 3 and 4 easily.
Group 3 will be financed with Group 5 and 6 easily.
Group 4 will be financed with Group 7 and 8 easily.
At this point he already needs to finance groups 5,6,7,8 and there starts to be considerable delay receiving the gift cards.
There’s enough gullible people in Italy to continue this for a while, but I think the point is also that these members create usability videos and hype.
It doesn’t matter that this doesn’t work very long time. They probably get more OneLife package sales for some time because of this.
To me this is nothing more than a marketing ploy to get merchants thinking that OC and DealShaker are real and they need to join and sell on DealShaker.
The merchant has to buy the educational packages just like any individual would have to do. If he can con enough merchants into joining under him, he more than makes up for the loss and continue it for quite some time before pulling the plug.
At least that is how I see this working for him.
So, SOLDO denied all cooperation with Luca Miatton, or OneCoin/OneLife, and sent ME a threat letter from their legal department..
Hopefully they send a letter to Luca Miatton as well, and not just to those who report what the scammers are doing.
Answer to Soldo’s legal department and their letter attached in my tweet here:
Congratulations! Getting empty legal threats from a company for alerting them to the fact that their name is being abused by a fraudster is quite an achievement.
I see two possible explanations for this:
(1) They have a very messed-up administration at Soldo. As a result, they accidentally sent you the angry cease & desist letter intended for Miatton, and Miatton got the “thank you for bringing this matter to our attention” letter intended for you.
(2) They’re not very bright.
Nickolay Stoyanov posted the statistics regarding One Network Services employee count.
One Network Services (people in the Sofia office) has currently 15 employees still listed officially.
Nickolay gets the data from commercial Bulgarian Apis service which gets its data from Bulgarian Social Security Institute.
Here’s another prepaid credit card scheme by the Italian OneCoin scammers. I haven’t yet figured out the details.
Position 44:30 – facebook.com/annamaria.pastore.986/videos/3025489460879315/
Here is the new debit card scheme by the Italian scammers. Something very fishy is going on there in Italy. Members of course don’t ask how the Onecoin part to FIAT actually will be financed, but are hyped and celebrating..
Google translation of the video description:
ONLY FOR RESIDENTS IN ITALY. This coupon corresponds to a top-up of any prepaid card (VISA / MASTERCARD) which must have an ITALIAN Iban connected to the card itself but must be independent and that is not connected to a bank account (for example a Postepay Evolution or other … ).
The balance of the € 150 must be paid by credit card on the website www .beesy24.com After making the payment in euros with any of your credit cards, you will have a total expense of € 300 divided into these terms: € 130 to be spent immediately and compulsorily on the www .beesy24.com site, this amount will be credited to you after you have registered on the site and created your account / wallet, the balance of €200 will be credited to your rechargeable card WITHIN 3 WEEKS and you can spend them as you like EVERYWHERE, in all online sites and establishments that are equipped with POS and accept credit card payments from the Visa / Mastercard circuit.
On the website www .beesy24.com you can buy normal food products in the “Food” section, Bio and quality products in the “FOOD” section as well as Cosmetics, Food Supplements, Medicine and Aesthetic Surgery, Art, Leather Bags in the other sections.
with gift cards being used to drive OneLife sales of packages and with no way of Sofia knowing how much is being sold in Italy in terms of those packages (we all know how good these guys are at handing in the money they collected); I begin to wonder if these modern Neros aren’t fiddling literally while Rome burns.
Ten OneCoin says the last batch of cards ordered are paid for but never delivered to the people who bought them
Which is of course impossible, IBAN stands for International Bank Account number, it by definition identifies an account (although of course not all institutions offering such accounts have “bank” in their name).
From what the website for that Postepay Evolution card says, and if my very rusty Italian doesn’t deceive me, it’s actually simply a debit card linked to a no-frills bank account.
It’s only “prepaid” in the sense that it doesn’t have the limited credit facility most bank accounts have – you can only spend what is in your account.
But it has all the basic bank account functions: you can pay and get paid by bank transfer, pay by direct debit, etc. The account is managed through a smartphone app.
Calling it a prepaid card rather than an ultra-cheap, bare-bones bank account seems to be nothing more than a marketing choice. My guess would be that it’s just to discourage people who have the until now most basic type of bank account with them from switching to this even cheaper one.
Just what role this plays in the strange netherworld of what’s left of OneCoin, I cannot even begin to guess.
At first glance, there seems to be nothing about these cards/accounts that makes them more suitable for use in some scammy way than ‘normal’ bank accounts.
Now there is “PROOF OF CONCEPT DEALSHAKER WORLDWIDE DEBIT CARD”.
Here’s the english Youtube video for the “Proof of concept Dealshaker Worldwide Debit Card”.
That video still leaves it clear as muck, doesn’t it?
But clearly, that Beesy24 site is involved somehow.
A first look shows a site selling some cosmetics and food supplements, plus a small selection of food products. Everything appears to be own-brand. I compared a few prices of food items to normal shop prices, and they’re all preposterously overpriced.
I mean, seemingly quite ordinary dry pasta at €20 a kilo? Salt with some flavouring added at €27.5 a kilo? This isn’t a normal shopping site.
Some further digging shows it’s somehow affiliated with something called EasyBusiness24.com, which is “il business del futuro”, with which you can earn an extra income working from home, without any investment or special skills needed.
All you need is a smartphone, tablet or computer with an internet connection, and soon you’ll soon by making unspecified but massive amounts of money from home.
If you want to know just what that work entails, beyond the fact that it is called “Smart Working” (in English in the original), you have to get in touch with them, for some reason they can’t explain that on the website.
It’s definitely legit, however, since Vito (44), Marco (23), Matteo (28), Michela (54), and many, many others, who are definitely real people because there’s little pictures of them, are all making lots of money.
However, they can assure you that there’s one thing they very definitely aren’t:
From which we can conclude with absolute certainty that it is some kind of MLM or pyramid scheme, since they’re the only kind of business who ever feel the need to make such a denial.
So we seem to have two MLM scams somehow interconnecting here. The process definitely involves paying €100 to the Beesy24 site, which accepts credit cards.
So it could simply be someone involved in both OneCoin and the EasyBusiness24/Beesy24 thing trying to make money on the second by scamming others involved in the first, with no intention of ever sending out the promised cards.
Otherwise, we remain stuck with the same mystery: if they do send out prepaid cards, after those up to 12 weeks they require for some reason, where does the money come from? You can’t put pretend money on a real, third-party prepaid card.
Today’s OneLife global mentorship webinar. Italian leaders intoduce their scam projects here:
20000 Coupons of “proof of concept mastercard”.
A member pays 100€+2.36ONE and gets 200€ value on a prepaid Mastercard.
Italian scammers would need to give away 2 million euros to make this happen..
And members are of course not asking HOW. Where the money comes from?
Much more likely they are gonna scam the 2 million euros they get from the members and run away.
That Beesy24 domain doesn’t have an internet history. The reg was last changed on Dec 17th, 2019.
Guessing that’s when whoever in OneCoin owns it made the purchase.
The EasyBusiness24 site shows a UK-registered company is behind it (surprise, surprise). It was created in July 2017, and has two Italian owners and directors.
One of these, the majority shareholder with 51 out of 100 shares (at £1 each), Antonio Ricciardo, is the connection to OneCoin, and Beesy24. (I can find nothing relevant on the second, 49%, guy.)
At Companies House, Ricciardo gives his occupation as “Leader”. On his LinkedIn page (www.linkedin.com/in/antonio-ricciardo-b65474117/), he identifies himself as the CEO of EasyBusiness24 Ltd., and states that he is engaged in opening the European market for a South American company, more particularly, the opening and expansion of “EasyBusiness24 – Beesy24 – NutryLife otto88 – LuxuryLife 77”.
Those last two are the brand names of the food supplement and cosmetics products sold on the Beesy24 site.
He has made what appears to be a quite feeble attempt to also sell some of the LuxuryLife 77 products on DealShaker (I can find two product listings, and according to DealShaker he’s never sold anything – but since that site is barely functional, that could be entirely incorrect).
There, he also provides a link to his “individual business”, beesy24.com/?ref=antonioricc8. That just takes one to what appears to be the normal site, it’s clearly some kind of referral commission based scheme.
So all in all, it does indeed seem to be one guy participating in two otherwise unrelated scams at the same time. A straightforward “take the money and run” grab of however much is paid for in €100s through Beesy24, without any card ever materialising, remains the simplest possible explanation for what he’s currently trying to do.
That it will take “between 8 to a maximum of 12 weeks” (per the video) before the cards will be supposedky sent out, would provide him with 2 to 3 months to run before anyone goes to the police.
Here is a theory of what’s going on with the Beesy24 scheme.
It’s only Luca Miatton, Marco Vasanelli and other OneCoin scammers who are claiming that there is a MC/Visa card on sale.
On Pee-easy’s website they are saying it’s only a gift card:
Look at the pictures of the deal. No Mastercard or Visa logos, no descriptions about the card being rechargeable (like a standard debit card), but very clearly: “gift card”.
It’s not even a 200€ giftcard for Beesy’s overpriced products, it’s a 100€ gift card.
Beesy doesn’t even ask the DealShaker customers to send any DS coupons to them via email — it’s the OneCoin promoters that do.
In fact, there is no mention of ONEs or DealShaker platform at all. It’s just a normal gift card deal, but for DS members.
The formal and official deal description which legally defines the deal makes no mention of the things that Italian OneCoin scammers are portraying the deal is about.
Fittingly, Beesy24’s T & C say:
Beesy24 of course knows what’s going on and is complicit in this fraud, but when the truth is revealed, they can claim that it was all a misrepresentation made by outsiders, and they never claimed to sell such things (which seems to be technically true.)
On the webinar, Miatton showcases several similiar gift cards, including a Soldo card for gasoline.
So this coud be a kind of bait-and-switch fraud. And an exit scam for Italian OneCoin leadres.
I forgot to add that Miatton et al. are probably getting a cut of the gift card moneys that OneCoin investors send to Beesy.
So OneCoin investors end up with tons of normal Beesy24 gift cards. And good luck for them — especially the people outside Italy — in buying anything of real value for their money from that shop.
Indeed. Even if anyone had any need for the kind of products on the Beesy24 site, the stuff there is so ridiculously overpriced (I am assuming the cosmetics and food supplement stuff is at least as overpriced as the few normal food items).
If someone who bought such a €100 gift card actually used it there, and they did deliver the items, it would still amount to theft of a significant proportion of the €100 paid. Obviously, the money taken is being divided between the people involved.
But very few of the buyers of course would have any intention of using that gift card, they just want the promised prepaid card with €200 on it.
In standard Ponzi fashion, it’s even possible a few of the first ones who bite will get one, before the scammers disappear with most of the money.
That’s already a nice bit of money. Three out of the four Beesy24 offers they currently have are here:
As I type this, if DS is to be believed, they’ve already sold 709 of the €100 “PROOF OF CONCEPT DEALSHAKER WORLDWIDE DEBIT CARD” (pretended value €200), 34 of the €50 “Special Card Beesy24 €100 50% Euro e 50% ONECOIN” (pretended value €100), and 511 of the “Ricarica Carta Prepagata solo per italia €150 in ONE e 150€ in Moneta Fiat” (pretended value €330).
If I’ve added it up correctly, that means they’ve already taken in €149,250, in return for nothing more than a promise of prepaid cards being sent out in 8 or 12 weeks.
Not exactly amounts on, say, Ruja’s level of thievery, but still nice enough for the bottom-feeding, small-time scammers they are, and given that this scheme only popped up days ago.
But it isn’t true to say there is no mention of DealShaker, in full, on Beesy24.com. The fourth offer, for Latin America only, which I cannot find on the DS site, says:
The other three only use “DS”. Since they put that on their own website, they clearly publicly display some kind of specific business arrangement with DealShaker. Otherwise, how would they be able to tell who is or isn’t a “member” (whatever that means) of DealShaker?
Or of the “DS” they mention – they can hardly pretend that stands for some entirely different thing, for whose members they also happen to sell exclusive gift cards, corresponding one-on-one to ones offered on DealShaker.
They would also have to maintain that the registration as a DS merchant of “EASYBUSINESS24 LTD” was done without their knowledge. Or perhaps that the UK Ltd. has got nothing to do with the Italian S.r.l.
As to that last point: the corporate shell game is also standardly scammy.
Beasy24.com identifies itself as being operated by an Italian company, EasyBusiness24 S.r.l., including in the T&Cs. However, the EasyBusiness24.com website, which is exclusively in Italian, gives a UK company called EasyBusiness24 Ltd. as the owner.
That’s also the name, with its bogus UK address, used on DealShaker.
The Italian company register shows that that S.r.l. does indeed exist, with the same address the 49% owner of the UK company, Francesco Palestini, gives as his personal address (that’s all the information you can get there without paying). But the physical address given on the Beesy24 website for the S.r.l. is a different one, although in the same town, Grottamare.
Both Grottamare addresses are physically real, and there is a Mr. Palestini, but one with a different first name, operating a real, unrelated business at the official S.r.l. address (there’s a shingle on the building, and there is other evidence of its genuine existence), but that’s all one can tell.
@Semjon, I asked from Beesy24 website chat about the Dealshaker proof of concept debit card and they claim it’s indeed a prepaid Mastercard.
I specifically asked is it a prepaid gift card or prepaid Mastercard, and they answered it’s a prepaid Mastercard.
I did notice the DealShaker mention, but it’s a reference to DealShaker users as a chosen customer group, as in “special discount for pregnant mothers”.
The fact that the official Beesy24 deal is silent about the instruction to send the DS coupon as a proof of their DS membership and the DS transaction itself, is very telling.
In fact, the OneCoin scammers instruct to send the DS coupon to Beesy only after they have completed the transaction on Beesy platform — therefore after a binding purchase agreement between the parties has been formed.
Thus, even the OneCoin scammers implicitly admit that the OneCoin/DealShaker part is completely redundant and meaningless for the actual deal.
So it’s not really a reference to a meaningful business arrangement with DealShaker, or any other OneCoin related party for that matter. (Not that the un-licensed shell company in Dubai behind DS could or would do any legally viable business arrangements anyway.)
But, most crucially, the Beesy24 deal doesn’t make any overt reference to the specific deal on DealShaker platform that OneCoiniacs are so hyped about — a deal that involves DS transaction (50% in ONEs, DS coupons, etc,) and pertains to a promise of a Mastercard debit card.
The Beesy’s deal should be contingent on the DS deal, but it’s officially completely silent about any OneCoin aspects. And hell, the Beesy deal description doesn’t even mention the Palestini’s UK firm, which is supposed be the actual deal provider entity.
All in all, I think it’s extremely dubious that from contractual standpoint the Beesy24 “OneCoin/DS payment card deal” is completely off-the-books.
Intresting what WhistleBlowerFin now tells. I trust he documented the response, for Italian police may some day need it.
It’s good that there is now evidence of Beetsy making representations about the Mastercards too.
When I asked is it Soldo issuing the card, they just said Beesy24.
Marco Vassanelli hypes how everything is just 50% euros with the 100€ costing “proof of concept Dealshaker Mastercard” which they claim to be able to recharge with 50% OneCoins.
Nobody has been of course able to answer, how are they gonna do the OneCoin->Fiat conversion. And members don’t ask. They wanna stay ecstatic now that the Italian scammers finally give hope that Onecoins can be used for something proper..
First, I think we’re probably overanalysing this, it’s pretty unlikely that this particular little sub-scam to the general OC scam will ever come under any close legal scrutiny.
But if it ever were to happen, I don’t think the EasyBusiness24/Beesy24 people have any plausible deniability in this setup, as you seem to be suggesting. For the following reasons:
When a merchant has a special offer, say for people under 18, or old-age pensioners, or in your example pregnant women, that is normally linked to some kind of documentary proof of that status (if it isn’t immediately evident in a face-to-face situation).
In most countries, people have identity documents showing their age, and pregnant women also usually have some kind of official or semi-official way of proving their status.
The status of “DealShaker member” on the other hand can only be verified by DS itself, or a merchant active on DS.
Who that is in this case is pretty obvious: it’s they themselves, since the corresponding DS offer comes from EasyBusiness24 Ltd.
It isn’t a special offer at all, pricewise. If it was an attempt to lure customers away from another site, by for instance offering a gift card worth €100 for just €90, that would make sense without any involvement from the other site.
One also could imagine that a merchant doing that will accept the fact that perhaps a few people who aren’t actually DS customers might take advantage of the offer regardless.
But they’re offering a €100 card for €100, as a special thing – that something special must obviously be found in their own, easily found, corresponding offer on the DS side.
So, although two websites are involved, it’s clearly one offer, coming from the same people.
That they don’t provide an explicit link on the Beesy24 site to the DS “coupon”, just a general mention of DealShaker, is irrelevant.
Anybody who looks at the two side by side can see the link, neither of them makes any sense without the other.
Pretending that they are unrelated because the Beesy24 site is operated (at least according to the T&C’s) by the Italian S.r.l. called EasyBusiness24, and the DS offer comes from the UK Ltd. called EasyBusiness24 (at least according to DS) would never fly.
If it was that easy to evade legal responsibility, no scammers using shell companies could ever be convicted of anything.
If two companies engaged in criminal activity are owned and operated by the same people, any court, in any country, will treat them as the same thing.
If this ever were to be investigated properly, the EasyBusiness24 records would be examined.
We of course can’t know what kind of accounts they keep, but that they took in all the money from those DS offers cannot be hidden: there is a third-party paper trail of all the payments.
They offer payment through Amazon Pay, by credit card, or in cryptocurrency. The last two options are handled by third-party payment processors.
There will therefore be a full documentary trail up to the money being deposited into their bank account, and of what happens to it once it’s there.
That they’re only doing this to try and squeeze some more money out of the people already scammed by OC is obvious.
There is of course no way, or any intention, of delivering prepaid cards for double the amount they’re taking (except perhaps in a Ponzi way, sending some to the earliest takers).
And this convoluted payment method is probably the only remaining one they could think of.
Put yourself in their position.
Taking payments in untraceable, physical cash doesn’t get you very far.
The obvious, standard way for any European company to accept payments is through bank transfer (what Americans quaintly call a ‘wire’). But no company which is found to be linked to OC in any way has been able to keep a bank account for years.
They could of course use an account for some dormant little company someone has on the shelf, or simply someone’s personal account, but that would make no difference, if the link is made.
As soon as an outside observer (IOW, people like us) spots a bank account being used in this way, they’d report it to the bank, and that would be that.
So, while publicizing their magical prepaid card offer, they would have to keep the account number for payments secret, only communicated to those who fall for the offer.
But even if they managed that feat somehow, it’s still extremely unlikely they wouldn’t be spotted by the bank.
Any kind of unusual activity on a bank account triggers automatic alarms these days.
A sudden flurry of outside deposits, all in multiples of €100, for a considerable total sum, into an account (corporate or personal) which didn’t have such activity before, would be noticed.
Someone at the bank would at least take a look at it, and they will also see what the people making the payments have written as the reason for their payment.
It’s highly unlikely the scammers could find a plausible way of explaining away what is happening.
Enter EasyBusiness24, and their Beesy24 site.
They’re enough of a legitimate business to have contracts with third-party payment processors, and a sudden rise in sales wouldn’t be suspicious in itself to those processors.
My limited experience with such things is admittedly a long time ago, but from what I remember payments from those processors were aggregated into larger sums before being deposited into the merchant’s bank account, so the bank also probably wouldn’t notice anything very unusual.
So, that’s about the only way they could think of to get people to transfer money to them.
It will of course only work for as long as EasyBusiness24/Beesy24 has those payment processors.
If I was in Italy, I know what I’d do.
I’d write as clear and as brief a report on the situation as possible, explaining that the Beesy24 site is being used to funnel payments, under false pretenses, to a OneCoin-related scam involving prepaid cards, cards which are promised to be for twice the amount people paid.
You don’t have to come up with an argument that would stand up in a court of law, just point out the obvious facts.
In case OneCoin itself doesn’t ring a bell, include a very few pointers showing OC has been found to be a criminal enterprise by a US court. Perhaps include a link to a list of all the bank accounts OC has lost in the past, and the warnings from various financial regulators.
Keep it all as succinct, dry and factual as possible. (The challenge of course being that OC is so absurd, convoluted, and long-running, and this is such a crazy and convoluted sub-scam, it’s hard not to sound crazy oneself trying to explain it, let alone briefly.)
Then send this little dossier to the Italian offices of the three payment processors they use, and hope for the best.
Well, that is what I would do if this happened in my own country.
Ok here’s a little summary of the Beesy24 and the Dealshaker Mastercard project:
I have so far confirmed 2 people from Beesy24.com cooperating with the Italian OneLife scammers on “Mastercard Beesy24”-Telegram channel:
– Easybusiness24 LTD CEO Antonio Ricciardo.
– Renato Bagarolo, handles messages related to the project on Beesy24.com and on Telegram.
From OneLife, the main connection and perpetrator seems to be Marco Vassanelli.
The deal “PROOF OF CONCEPT DEALSHAKER WORLDWIDE DEBIT CARD” which has 20000 coupons, costs 100€+2.36ONE
By paying the 100€+2.36ONE to Beesy24, you will order a prepaid Mastercard which has no loaded credit yet. Delivery time is 8-12 weeks.
In order to load credit to the card, there will be according to claims by Vassanelli 50/50 ONE/Fiat deals on Dealshaker so you will be only using “half the euros for payments”.
There’s no explanation how the exchange from OneCoins to Fiat will be done as this process will need even pretty soon millions of euros real money.
If they don’t plan straight up steal the card payment money, they may run a ponzi system for a while, where incoming money pays the OneCoin->Fiat exchange until collapse.
According to the description by Vassanelli, the Mastercard can be used on all locations which accept Mastercard, but you can’t withdraw cash from an ATM.
At the moment the actual prepaid card company which issues this Mastercard is unknown. Soldo has said “EasyBusiness24” and “Antonio Ricciardo” haven’t shown up in their systems.
Looks like Beesy24 has changed the description of the deal. These steps weren’t there perviously:
The newly-added mention of the coupon deal makes the link to DealShaker stronger, but it still doesn’t mention the crux of the OneCoin scammers’ promise: the Mastercards.
On the face of it, it’s still a normal Beesy gift card they are selling. Not even a Mastercard giftcard. And OneCoin promoters are claiming it’s a reloadable Mastercard, not a gift card. And they are supposedly planning to order thousands of these things. Yeah right.
The EasyBusiness24 DealShaker deals don’t directly mention Mastercards either (other than as a required payment method for the fiat part of the deal), even though the pictures of the deal could perhaps lead you to believe there are some real payments cards involved.
Puzzlingly, the DS deal description talks about unspecified “debit card”, but picture says “credit card”. (The other pictures are even more disconnected from the purported deal.) This might be precisely the kind of overanalyzing that you wrote about, but conceptually a gift card is a certain type of “debit card”.
IOW, your are using existing loaded value to pay something, and gift cards are in this sense non-rechargeable “debit cards”, as opposed to the commonly understood debit cards which are reloadable. So if they are just selling normal Beesy gift cards, calling them “debit cards” wouldn’t be technically completely misleading. 😉
But here I’m likely overestimating their cleverness and being too “clever” myself. I thought some kind of plausible deniability story could be formed along these lines; for Beesy24/EasyBusiness to feign innocence and blame Onecoin promoters for the misunderstandigns.
Miatton and Italian leaders would in turn blame Beesy for the misreprentations, as part of the show for this what looked like a bait-and-switch scheme. But I see that there are issues with my theory.
E.g it doesn’t fit why these Beesy24 guys wuold be — even sorta unofficially — making any representation about Mastercards, as WhistleBlowerFin says they are doing…
Anyway, you are probably right that their ruse wouldn’t stand in court, but the small sum per person combined with carefully crafted vague deal terms and the two different legal entities in two different countries, not to mention two diffrenent platforms required to execute the deal (one of them being DealShaker, which is run by an un-licensed Dubai based shell company of a criminal organization, using fake cryptocurrency) will make make any proceedings against them sufficintly nightmarish to try anything. Perhaps this was the main point all along.
If nothing else, the Beesy24 deal could be some kind of world record in business deal shadiness.
Muhammad Adeel has posted a long disclaimer regarding the Beesy24 Mastercard:
I just took another look at the three offers I can find on DealShaker (the one supposedly exclusive to Latin America I cannot find). If the number of coupons sold is reported accurately, so far the EasyBusiness24 people have received a total of €247,500 (counting real money only of course, not the supposed equal amount in onecoin).
I also noticed that if they had the intention of pretending the UK Ltd. and the Italian S.r.l. both called EasyBusiness24 are separate things, they’ve screwed it up.
The merchant operating on DS is supposedly the UK company, with only its bogus UK address provided. But for one of the items, the “La Special Card Beesy24 €100 50% Euro e 50% ONECOIN”, they give a bank account, which one can use instead of credit card payment:
Can anyone explain wtf this is about? All I’m seeing here is another “Ukraine free BMWs” nonsense scam.
A nice example to prove how much more intelligent than average somone must be to join an MLM.
For most of us, trying to understand ultra-sophisticated financial stuff like this makes our heads hurt. To them, it’s second nature.
But after many hours of studying it, consulting lots of specialist websites, and drawing lots of diagrams to help make sense of the underlying cutting-edge fintech mechanisms, I think I have succeeded in reducing what financial wizard Mr. Adeel wrote to a form which I hope makes it simpler to understand:
There is no cutting-edge fintech.
There is only the illusion of such. It’s all smoke and mirrors. But then, OneCoin always was like that.
All this does is fake social proof. Any (seemingly) legitimate business can apply for a white-label prepaid VISA card through dozens of partners around the world.
Paying 100 euroes for a zero value (maybe reloadable) card sounds like a losing deal to me. But scam victim’s minds don’t work like ours…
Now things are starting to resemble South Park comedy enough to summarize the Beasy24 deal in following formula:
I don’t know, I consider the money-generating mechanism “send me your money, and I will keep it” pretty advanced tech. I certainly have never managed to make it work.
But none of this clearly has got anything to do with obtaining prepaid cards. The EasyBusiness24 €150 “recharge” offer actually says they will put money on any prepaid card, as long as it’s got an Italian IBAN number, and it isn’t linked to a proper bank account (www.dealshaker.it/product/ricarica-carta-prepagata-solo-per-italia-e150-in-one-e-150e-in-moneta-fiat-e-avrai-330e-disponibili-da-spendere/).
As an example of the kind of card they mean, they mention a PostePay Evolution card, which you can buy in any Italian post office, and while labelled as a prepaid card actually functions as a no-frills bank account. They cost €5, plus a €12 annual fee. So why the hell is this Mr. Adeel going on about having a prepaid card sent to you, and about how that in itself costs €100?
My theory is that in constructing their pointlessly complicated procedure, to make the victims believe something too sophisticated for them to understand is going on (except that it will allow them to convert their worthless onecoins into euros), they’ve ended up confusing themselves, and can no longer keep their stories straight.
I understood it like that, that PostePay Evolution needs an Italian bank account, but it isn’t issued by a bank.
That’s why it can’t be used in an international deal?
Anyway, there’s now at least 4 different “Onecoins to Fiat” mini-ponzis going on in Italy. The idea is that members post “proof” videos that it works in Facebook and social media.
They obviously cover some of the Onecoin to Fiat exchange with incoming euros, so that some people can make the “proof of work” videos.
1. Beesy24 Mastercard by Antonio Ricciardo and Marco Vassanelli
2. Beesy24 “money back” from Onecoins
3. Gift card/Voucher scheme by Luca Miatton&co
4. Soldo Fuel Mastercard by Luca Miatton (probably won’t start).
I’m going by the description of the card from the issuer:
That makes clear that it offers all the basic bank account services (“le principali operazioni bancarie”), without formally being called an account.
Since it has an IBAN number, anyone can transfer money into it (they specifically mention payment of salaries or pensions), and the owner can also carry out all bank transfers, including direct debits for utility bills and the like.
It’s clearly marketed as the cheapest possible way to get minimal banking services, even though it doesn’t have the name of the postal service’s own bank on it (the originally named BancoPosta).
It costs only €1 a month, the cheapest ‘proper’ BancoPosta account has a basic cost of €6 a month.
I suppose it’s possible to limit transactions with an IBAN-designated account to just one country, but I’ve never heard of that being done.
It sort of runs counter to the whole reason for IBAN’s existence: to make transfers between bank accounts in different countries as straightforward as those within a country (and in countries where a standardized account numbering system used by all banks didn’t already exist, even simplify them within the country).
For making payments, the MasterCard side of the card obviously can be used everywhere in the world.
There’s something else to add here, which I only noticed today, and which adds to the mystery.
Dealshaker.it is a completely different site from dealshaker.com. It looks different, and from a quick glance at the source code that’s not just cosmetic, the software is entirely unrelated.
The Italian one is built (at least partially) with a WordPress plugin called WooCommerce. (The site is also not affected by the Cloudflare phishing warning.)
I cannot think of any good reason for developing and maintaining separate software to do the exact same things for just one country.
But above all, I wonder how they’ve managed to get it to work at all.
Back when Duncan Arthur was working on what was supposed to become the ‘new’ DealShaker, it turned out there were no APIs, they were unable to provide his team with any way of talking to the underlying OC database, and nobody knew how the ‘old’ DealShaker (which is still the current one) managed it – except the legendary Momchi, who’d cobbled it all together, and had left.
In the end, OC Sofia just provided them with a copy of the whole customer database, in the hope that they could figure it out for themselves. Which they didn’t, and the new DealShaker never happened. So how does dealshaker.it do it?
So who knows, this may be even weirder than it already seems. Maybe they’re juggling onecoins around solely within the Italian DealShaker platform, without accessing the central OC database at all, and that’s why they’re limiting it to Italy (the real money transfers of course happen outside OC altogether).
Isn’t Vassanelli supposed to be in charge of DealShaker Italy? This is of course nothing but wild speculation, but maybe he’s mounted a rogue operation, obviously in cahoots with the EasyBusiness24/Beesy24 people, trying to extract some more money, for one last time, from the remaining Italian faithful, all behind Sofia’s back.
If dealshaker.it can function autonomously, how would they stop them? A public denunciation would also be extremely problematic, since it would be tantamount to admitting OC has completely disintegrated.
The explanation about dealshaker.it is very simple; it’s just a frontend site created by Italian IMAs. It’s not created by Sofia. When you buy a coupon, it links and goes to the old Dealshaker.
For example, there’s now new 20000 Dealshaker Mastercard deal only for Latin American markets:
When you press the button “Compralo Ahora”, it goes to the official Dealshaker site:
So dealhshaker.it is nothing more than a more better looking frontend.
Ah, so they cannot carry out a onecoin transaction autonomously (or simply pretend to the user of the Italian site they’re carrying one out, which was the direction I was thinking in).
That’s not so much a front-end, more a glorified link farm. And it still means that they’re a ‘man in the middle’, who can see all transactions that originate with them.
But those example URLs of yours are both hilarious, and intriguing. Why does the one on dealshaker.it match the product they’re selling, whereas the one on dealshaker.com they link to describe something entirely different?
It could of course be the result of their usual entertaining ineptness: reusing a URL originally created for an anti-aging face mask to sell a prepaid card instead. That’s the innocent explanation.
A less innocent one is that it’s intentional, a feeble attempt to fly under the radar, hoping that whoever is in charge of DealShaker in Sofia never looks at the content of offers, and will at best only see this unremarkable, and completely misleading, URL.
That would once again point in the direction of my, admittedly highly speculative, Italian rogue operation scenario.
Any formula that skips the collection of underpants is doomed to fail. Everyone knows that.
Underpants and a blockchain, and the world is your oyster.
The Italian team have gone completely rogue. As PassingBy says, their platform dealshaker.it has no connection to dealshaker.com.
They were allowed to do what they’ve done because the Italian authorities turned off the OL sites in Italy at one point and all control simply evaporated.
The only way the so-called coins can be processed is if someone is manually reconciling them between Italy and Sofia. Which they aren’t.
There are no APIs and the original DS cannot be salvaged. The Italians have future-proofed themselves against OL ever going offline and are collecting the data to what they don’t have.
The dealshaker.it is simply a link site. All deals on it are still processed on dealshaker.com
But they only need dealshaker.com for show, to process a meaningless transaction in onecoin.
As long as they have access to a merchant account there, they’re fine. (Even if Veska c.s. don’t approve of the scheme, with OC in the state it is, there may well be nobody in Sofia who knows how to disable an account without breaking DealShaker altogether.)
They only need that part to give the marks the impression that they’re engaged in a complicated transaction, which will ultimately convert their onecoins to euros on a prepaid card.
All they’re interested in is the euros going in the other direction.
That part of the process is completely within their control. The procedure is initiated on dealshaker.it and the Beesy24 site, the payment happens in the real financial system and goes straight into their own account, and they even require the marks to keep them fully informed by email.
No real money goes anywhere near OC proper, and they don’t require any information from OC.
(That’s for the Vassanelli/EasyBusiness24/Beesy24 scam, I don’t think Miatton has yet provided detailed information about how his version of the same idea is supposed to work.)
Well, KingJayms is practically inciting members to buy the Mastercard in the latest Newsletter:
Hello. I have sent a warning message in Telegram to King Jayms, Muhammad Adeel and Frek Fok about Beesy24 and their Mastercard. But looks like they are ignoring all the warnings, or like King Jayms is practically advertising it: “Fortune favors the brave. Don’t wait or you will lose the opportunity.”
This is my message I sent to them earlier today in Telegram, so they can’t say nobody warned them:
I really wonder what your motivation is. When one is aware of a crime and so well-meaning one wants to do something, one should either go to the police, or possibly try to warn potential victims.
Instead, you’re trying to warn three career scammers that someone is running a little parasitic side-scam of their own, aimed at stealing even more money from people who already fell for the bigger original scam. What do you think these dyed-in-the-wool fraudsters will do, go to the Italian police and report the other bunch of fraudsters, on the grounds that they’re trying to steal money which is rightfully theirs to steal?
What’s more, you’re addressing people so thick they’re still flogging the dead OC horse. OC has been found in a US court to be a massive criminal enterprise, and to have been conceived as such from the get-go. Its former leader has pleaded guilty and is awaiting sentencing. Its founder has been on the run from the law for over two years. And here you are warning some idiots very far down that criminal food chain, people so stupid they’re still publicly trying to keep the tattered remains of it going, about some “inevitable negative news” they might face when a small side-fraud collapses?
Mark S Scott said it best in December 2016:
(p. 1771 , courtlistener.com/recap/gov.uscourts.nysd.482287/gov.uscourts.nysd.482287.205.0.pdf )
Same will happen sooner than later in this Mastercard scheme if it ever advances beyond the money collection phase. Which I doubt.
King Jayms’ attitude towards the Beesy24 “parasitic side scam” is not surprising. What do you expect from a man who has recently admitted that he too was tricked into entering OneCoin, for having received “wrong information” from his up-line Igor Alberts.
He didn’t realize anything about the education side of OneCoin until 2-3 months later (youtu.be/CASaCoUem3Q?t=281).
This is the level of care he takes in his decisions. And now he wants the remaining OneCoiniacs to believe it doesn’t matter that everyone got fooled by this bait-and-switch ruse, because deep in their hearts all they truly wanted and needed was this “switch” — the incredible financial education. [That’s why I bet social media is now littered with videos of Vietnamese grandmas applying normative reasoning they learned from Angel Marchev’s OneAcademy lecture (youtube.com/watch?v=S3Gxfy_bMzE) to their everyday problems (such as pig farming, etc.) 😉 ]
Let me guess that the final phase of his manipulation/gaslighting will be that when he finally admits that OneCoin was a cynical scam all along, the the true point of OneCoin wasn’t the fake cryptocurrency or the financial education nobody really cared about — but OneCoin was God’s way of teaching you an invaluable lesson about greed and stupidity.
Or that the real point wasn’t the sorry scam, but the friends we made along the way. This is more valuable than any life savings you mave lost. Thank Dr Ruja for it.
BTW, can someone with a PACER account check if these documents which were supposed to be unsealed over a month ago are now available?
Konstantin’s change of plea transcript could be interesting…
I ran a search from Oct 01 to Oct 10 (2019) and there is a transcript filing on Oct 4 but it pertains to an earlier date (nothing to do with change of plea).
There are three sealed filings on October 10th, which I assume are the change of plea filings?
If you have a specific case docket filings numbers I can look it up, otherwise can’t access the Oct 10th filings as I write this.
Looks like Ignatov crime family is implementing a final exit scam cash out — or just trying to get a decent price out of Ruja’s “hot” ill-gotten belongings that are in danger of being confiscated by the authorities.
This was announced in the latest webinar:
At the planned August Romania event, there will supposedly be a “lucky draw” for which 150 000 tickets in total and in three categories are now being sold.
In the first category 50 000 tickets sold for 199€ per ticket; in the second category 50 000 tickets sold for 99€ per ticket; in third category 50 000 sold for 49€ per ticket. So the Ignatov crime dynasty is looking to get close to 20 million euros from the victims. The more expensive ticket they buy, the better chances of winning.
If they manage to sell more than 100 000 tickets, that is at least over 12 million euros revenue collected, then Ruja’s Davina luxury yacht will be available for the lucky draw.
The scammers left out that it’s in fact the Davina, and therefore under constant forfeiture danger. But by looking at the pictures they are showcasing on the webinar, it’s clearly Davina.
So it’s a yacht already bought with OneCoin victims’ money, and now some lucky member might get it, on condition that Ignatov crime dynasty gets 12+ million.
They are also putting two Dubai apartments for the draw, but on condition that minimum of 50 000 tickets are sold (therefore 2.5 million euros at minimum for the crime family).
These apartments are probably the ones that Konstantin mentioned in court as having been bought by Ruja with criminal money stolen from OneCoin victims.
There are also other prizes such as BMW, laptops and smartphoens.
If the Romania event ever happens, it wouldn’t be a surprise if gets raided by the authorities, at the request by FBI.
To correct, the total minimum collected sum from the 100 000 tickets for the Davina is ca. 7.5 million EUR, not 12+. And the total for all tickets is more ca. 17.5 million.
I would think it was kinda demoralizing for the still believing members if they knew it’s Ruja’s yacht and condos in Dubai that might be the prizes in the lucky draw.
However I don’t believe they will sell so many tickets that it ever comes to that. Ticket price is too much versus the chances of winning.
Whatever happened to Aurum gold which was supporting the coin.
And what happened to the interest bearing account – – – what was it called Safe coin or something.
Considering most of the world can’t travel internationally at the moment or in the foreseeable future, lulz.
That only shows, once again, how far ahead of all the rest of us Dr Ruja’s visionary insights put her.
She hasn’t been able to travel internationally, and definitely won’t be in the foreseeable future, since October 2017.
It took Konstantin some time to follow her example, but even he has been staying put in his place of residence since March 2019.
And from what we know, most of the other staff in Sofia stopped going to the office soon after that.
Face it, they’re always miles ahead of us haters.
Raffling off the yacht and the apartments is a brilliant idea.
Running an unlicensed lottery is one of the few forms of fraud that has so far been missing from their catalogue of crimes. An unlicensed casino, they already briefly had.
(Who remembers that hilarious episode? It even had its own separate shitcoin, which you had to buy for onecoin, but couldn’t convert back into it if you won anything.)
It’s also wonderful that you can’t buy tickets in onecoin, real euros only please (with the usual fig leaf of a pretend-transaction in onecoin added).
Aurum Gold Coin they simply stopped talking about a few months after they’d started talking about it, and it was as if it never existed (well, actually it never did exist, but that hadn’t stopped them from talking about it as if it did).
Standard practice for longer-running scams: people are expected to have a very short memory.
Coinsafe, as it’s called, always caused problems, with coins put into it often seeming to disappear.
When things stopped working altogether in 2019 it created an extra problem, because coins put into it were supposed to “mature” after a preset time, i.e. be returned with interest added, and that didn’t happen (evidence that such things probably had to be done by hand all along).
After Cordel James and Simon Le (remember him? Another one of those things nobody ever talks about any more) rode to the rescue, it was briefly addressed.
On March 1, James had this to say in a webinar (their own summary):
What the supposed connection between Coinsafe and those PowerPack things is, I have no idea.
Then on March 12, the following message went out:
If I interpret this correctly, James’ promise to return the coins with interest (through what mechanism that interest was supposed to be generated was of course never explained), in less than two weeks turned into all the interest disappearing, and people having to feel lucky that they could get at least the coins themselves back.
Even adding some meaningless number to the accounts, which is all that “accruing interest” would have meant, was by this time clearly technically beyond them.
Personally I love the idea of them raffling the boat. Remember the curse of winning a racehorse?
Whoever gets this thing will find themselves the owner of a thing that is over twenty years old, requires a crew, by all accounts needs to be maintained like it is 25 years old of accumulated rust, and is berthed on the Black Sea.
Firstly, you have to fetch it. Then of course you’ll find out if the berthing fees are up to date and whether the crew are still there. And crew cost money.
Then you need to check that the registration (Gibraltar flag apparently?) is current and just how seaworthy it is.
Then of course the thing is subject to a US forfeiture order and the purpose of a yacht is that it moves, sometimes to waters where it can be attached.
I hope someone really deserving “wins”!
To obfuscate the unlicenced lottery part, they use their trademark — the education ruse.
Buying ticket means getting 2-7 hours of “intense, advanced Financial training” from KJ. The lucky draw is just extra, therefore no need of caring about the regulations.
What’s also great about the yacht raffle is that it’s a tacit admission by the Ignatov crime family that they are still the true controllers of the yacht, no matter what kind kind of nominee arrangement happens to be in place. FBI surely appreciates this info.
I previously failed to mention that even the BMW X1 raffle is conditioned on selling 25 000 tickets — that’s minimum of 1.25 million euros revenue for the crime family.
The car itself seems to be worth around 50 000 EUR (max). So incredible margins, even if one counts in the laptops and smart phones they also plan to hand out.
I too doubt that the ticket sales ever reach the yacht or even the apartment levels. Not enough active members left, let alone ones with money to spare.
They also seem to fear this, for at the end of the webinar, KJ recommends partnering with people outside the network to pool resources for the lucky draw ticket purchases.
The idea being that OneCoiniac provides the necessary Onecoin part of the deal and the outsider provides the fiat.
The raffle coupons for the Romania August OneLife event are online:
Category 1 coupon (50000 coupons): 199 Euros + 4.70 ONE.
Includes 20 chances to win in the lucky draw, and 7 hours of listening of KingJayms bullshit.
Category 2 coupon (50000 coupons): 99 Euros + 2.34 ONE.
Includes 6 chances to win in the lucky draw, and 4 hours of listening of KingJayms bullshit.
Category 3 coupon (50000 kappaletta): 49 Euros + 1.16 ONE.
Includes 2 chances to win in the lucky draw, and 2 hours of listening of KingJayms bullshit.
If 100000 coupons are sold, main prize: Ruja’s yacht Davina.
If 50000 coupons are sold, main prize: 2 Ruja’s Dubai apartments.
If 25000 coupons are sold, main prize: BMW X1.
It appears that Aurum Gold Coin got discontinued in April 2017, and AGCs were converted to OneCoins at the rate 1:1 . See:
Story doesn’t tell what happened to the AGC-associated physical gold that was supposedly stored in a super secure bottom-of-the-sea gold vault. 😉
My wild speculation is that AGC was Juha Parhiala’s pet project within OneCoin. Now Juha is pimping Solidus Global MLM scam with the same “In gold we trust” -motto.
AGC was discontinued quite close to Macau 2017 event in which Juha was supposed to appear, but didn’t. Juha’s non-appearance and discontinuation of AGC could have been a result of some disagreement/squabble Juha had with Ruja.
But this was also the time when the top OneCoin people were very nervous for what Chelgate/Sandstone/SREL/organized crime associate Frank Schneider had told them about Operation Satellite. Just like Pablo Munoz, Juha could have been just too afraid to travel, and the discontinuation of AGC was just a coincidence that had nothing to do with Juha.
It reminds me of a very old lame joke:
Third prize: two hours of listening to KingJayms.
Second prize: one hour of listening to KingJayms.
Grand First Prize: not having to listen to KingJayms at all.
It also occurs to me that it would be more fitting if they did it in the form of a penny auction, rather than a straightforward lottery. That would bring a nice extra touch of authentic scamminess to the proceedings.
That’s pretty obvious: they sold it to Harald Seiz, the KaratBars guy, who then used it as the basis of his own gold-backed cryptocurrency.
If you check it, you’ll see the timeline matches perfectly. He even published videos showing some gold bars in a vault – what more proof of ownership of massive amounts of gold could anyone possibly want?
Demand for the OneCoin lucky draw tickets has been incredible during the first two days — a whopping 31 tickets have been sold (29 pcs 1.category, 2 pcs 2.category , 0 pcs 3. category)
These are the required daily ticket sales in order unlock the big items:
* 1112 tickets per day for Davina yacht
* 556 tickets per day for the Dubai condos
* 278 tickets per day for BMW X1
With this pace, they will barely get 1000 tickets sold in the remaining 90 days (tickets are sold until 15th of August).
I think it was the KJ education that scared the buyers away. 😉
No, unless he and KaratBars are behind Aurum Coin project too.
I hadn’t known this before but now that I looked into this, it appears from early 2017 the OneCoin AGC sub-scam got gradually turned into a separate non-MLM (?) AurumCoin crypto project :
If you scroll the FB page down enough, you can see references to OneCoin and Coins United DMCC, so it’s cleary the OneCoin AGC company.
Coins United DMCC was the company which even managed crypto phones for OneCoin money launderers, according to SDNY court transcript:
Aurum Coin does seem to have some manifest elements of a more strandrd crypto project, like BC explorer and CoinMarketCap listing.
I find no good indication as to who is behind this project (I’ll stick to the Juha speculation for now) or what was its real purpose after OneCoin association ended.
A technology demonstration for OneCoin’s going public plans? A proto-Solidus Global? Some kind of OneCoin money laundering scheme via alt-coin?
I hope it came across I was making a joke when suggesting Harald Seiz bought the non-existent OneCoin gold stockpile.
It’s just amusing how these scammers keep recycling the same few tired old ideas. Seiz even reached back right into the nineteenth-century con man repertoire, and had a good old non-existent gold mine as part of his scheme.
I suppose he thought that was a clever way of avoiding the obvious question: where the hell did you get all that gold from? He’s clearly too dumb to realize it just shifts the question to: where the hell did you get all that money from to buy that gold mine?
And who in their right mind would sell you a gold mine in the first place, given that you claims it’s got guaranteed billions of dollars’ worth of gold still in it?
But then, anybody who can look at just one video of Harald Seiz, and think: “well, that man certainly looks and sounds like a financial genius, and the kind of trustworthy businessman I’ll happily entrust my life’s savings to”, deserves what they get.
Fred Fok and his wife have been removed from their position as Country Manager for China. Seems there was a falling out with King Jayms.
Now it remains to be seen how long before it is announced Fred and his wife have left OC?
OC is going to be lucky to limp through the end of June at this rate. The number of new people joining is falling dramatically, as well as the signups of new merchants.
Fred was responsible for all the merchants who joined OC since the restructure. Shows you how smart King Jayms is doesn’t it.
Some new details have emerged on the OneCoin raffle. The raffle will be officially held “in name and benefit” of ONS represented by Angel “Foxi” Boyadzhiyski.
The stated total value of the prizes is surprisingly low given that the Ruja’s Davina luxury yacht was said to be valued at 15 million euros.
Perhaps it’s in very poor condition due to poor maintenance and/or the damage it has suffered from drug-trafficking and mobster parties.
The criminals plan to hold the raffle via random.org third-party draw service (random.org/draws/):
Since promotion of illegal activities is against random.org’s stated acceptable use policy (random.org/terms/acceptable-use/), I think the hosting of the raffle can be prevented by alerting random.org about the planned raffle event.
They will end up drawing the winning tickets from Foxi’s beanie. 😉
At the moment, only 70 tickets have been sold. Looks like not much money pouring in to the Ignatov crime family.
When will Foxi give his first public speech as the manager of the OneCoin company? 😀
It was advertized it’s possible to meet some of the company personnel in Romania event. I wonder will the CEO Foxi be there? 😀
I think in the first place, they had already known the demand of tickets will have no good respond due to the covid pandemic.
This is only their purposely cooked up show to tell the world how great they are.
The demand of tickets are like the respond of the petitions to release Konstantine. Shameless low. Haha..
I thought Foxi was more than just the manager, that, at the end of a long chain of shell companies, he actually owns the whole shebang.
I still wonder if he’s aware of his legal status, or whether they just forged his signature onto the paperwork, and he’s an unknowing patsy. He worked or works for them, at some point he must have signed some kind of employment contract, that should contain all the information needed to commit identity theft, if no in-person identity checking is required.
Or they could simply have given him papers to sign under false pretenses – he doesn’t seem like the kind of person who’d carefully study a legal-looking document before signing it.
Sadly, since the Bulgarian authorities clearly have no intention of ever doing anything about what remains of OneCoin, we’ll probably never know.
It’s hilarious that Mr Angel Boyadzhinski even signs the Bulgarian business register documents using his “Foxi” moniker/mafia name.
This is from Business Edge Solutions Ltd (the owner of One Network Services Ltd) document:
It sure is a peculiar way of signing official documents. Probably not perfectly in line with even the Bulgarian best practices. 😉
Foxi is indeed at the end of the long chain of Bulgarian companies, owning personally the whole structure and “managing” great many of it. Here is again chart I made some months ago:
BTW, Konstantin said in the court that people like Foxi are called monkeys in Bulgaria:
(p. 234, courtlistener.com/recap/gov.uscourts.nysd.482287/gov.uscourts.nysd.482287.189.0.pdf)
I think it’s cleat that Foxi is consciously involved in this, and gets paid a good sum by the Ignatov crime family, but his monkey brain probably doesn’t fully understand what he got himself into.
Or it could be that he got forced into that position by Bulgarian mafia.
People like him use organized crime supplied steroids and stimulants, and it’s possible becoming a “monkey” for the Ignatovs was a way to pay the debts he had incurred.
In theory, people like Simon Le, Habib Zahid and Veselina Valkova could still easily “hijack” the company by reaching out to Foxi, coaxing him with money and other perks to sell the companies.
But there probably is some unofficial “deterrent” for Foxi not to agree such proposals…
It is very unfair for anyone to compare Foxi to a monkey. Monkeys share over 97% of DNA with our species, can learn to use tools and respond to a surprisingly large number of words in English if given the right instruction.
Foxi on the other hand can open a door if a bell is rung.
Does anyone know anything about one Raul Pazos Medina?
He has a fancy title in Spanish to do with DealShaker. I guess a title to do with OneLife and Onecoin wasn’t going to be a good idea?
Is it official? Is he now “corporate” with a contract from Mr Foxy? Does he know how this ends for people who do this like Pitt Arens, Pablo Munoz and the other merry men?
Afaik he’s the Country Manager of Ecuador, so basically he’s simply spearheading the scamming activities within the Ecuadorean community, nothing really ‘corporate’ here.
So nothing more than a crooked, dense puppet for King Jayms and his entourage.
Could this finally be the end of OneCoin?
Despite the raffle being promoted on several webinars, social media posts and official newsletters (includig a sperate one for the fundraising: us9.campaign-archive.com/?u=cf9659fd672fe664d487e7e1b&id=18e1180756), the sales have yet to reach even one hundred.
For comparison, the Italian scammers have managed to sell over 4000 empty debit cards with the ridiculous price and deal conditions.
On a recent webinar with Korean leaders, King Jayms is sounding more and more desperate as the lucky draw ticket sales are shaping up to be a major disaster:
KJ pleads people to buy as many tickets as they can, saying things like “More we support this event, the more we secure our future” and “If you want new DealShaker to come, support this event” and implying nothing will matter if this event isn’t successful.
Sounds like this is the “make or break” point for OneCoin. Since the coffers are empty and the crime family not willing to risk anything more from what they have already managed to defraud, it’s quite possible that they finally “call it quits” due to the raffle and Romania event failure,
By failing to mention the crucial minimum ticket sale condition, KJ and Muhammad Adeel even left the Koreans with a false impression that the big items like the yacht will be automatically raffled. This is how desperate they are now to boost the sales.
The text under that video is interesting too. They flat-out accuse “GNLG & DealShaker Country Manager Korea” Dorosi Cho of being a thief, of both real money and onecoins.
What has the world come to, when even someone who has risen to the top ranks in OneCoin can become the victim of such accusations.
I’ve also been occasionally keeping track of how much money the Italian lot are taking in by selling promises of prepaid cards.
All four offers combined have now brought in €557,900, which means they’re still going at a fairly steady average rate of about €23,000 a day. (I wonder what happened to Luca Miatton’s promised similar offering.)
Since the only people buying these cards are ones who want to get rid of their coins, that may well be the only part of OC left that is making any money.
It will be interesting to see what happens come July/August, when their self-imposed deadline for actual delivery of the cards expires. They started selling at the beginning of May, and promise delivery in 8 to 12 weeks.
I really wonder what their exit strategy will turn out to be. It’s a nice little sum, but is it really enough to do a Ruja, a.k.a. take the money and run, especially since there seem to be at least two of them involved?
I think he’s more than just that reading yesterday’s newsletter. He looks like a flea market version of one-time, short-time OC CEO Pitt Arens.
Raul Pazos is not “corporate”. He just replaced Fred Fok as the Dealshaker Core team leader which is still a OneLife position, not Sofia “corporate”.
Fred Fok was demoted by KingJayms, but Fok has not yet announced that he has left OneLife.
I’ve got an impresssion that Raul Pazos is quite similar to KingJayms, preaching in religious way about OneCoin, disregarding all reality.
In other words, goes to the same religious “nuts” category as KingJayms and Martin Mayer.
They’re at the stage where they still feel the need to keep up the pretense that certain top-level posts are filled, with ever fewer people left to appoint to them.
Pazos just happens to still be there. By the time it’s all over, the last men standing will all have given each other resounding titles.
When seeing that grandiose title, “Head and Core Team Leader of DealShaker”, I cannot help but be reminded of how Hitler, days before his suicide, and having fired Goering from all his posts, still felt the absurd need to appoint a new commander for the Luftwaffe, despite there being no Luftwaffe left to command.
When the man he’d appointed, General Ritter von Greim, was captured less than two weeks later, he reportedly identified himself by saying: “I am the head of the Luftwaffe, but I have no Luftwaffe”.
I wonder, could the Cash Account withdraw problem be the key reason why OneCoiniacs are so reluctant to send more money to “the company” by bying the raffle tickets?
If I’ve understood the state of affairs correctly, nobody has been able to withdraw any money from their Cash Accounts for two years now.
Thus, “the company” creating lucky draw deals in which the members will have to pay the fiat portion with a separate bank transfer outside the DealShaker(and therefore not using the OneLife Cash Account) feels very unfair to most of them.
They understandably see that the company already owes them money. The Cash Account balances are the bare minimum, and some of them probably still expect to cash out their OneCoins too. So, as a form of protest, they are not participating.
To add insult to injury, “the company” happens to be offering Davina yacht and Dubai apartments for the raffle, which are essentially items already purchased with their money.
The very least “the company” should have done is to offer these items back to the community without any ticket sale pre-conditions — as a goodwill gesture showing it plans to honour its massive Cash Account debts to the members. But bow they can’t even buy the raffle tickets from their Cash Account balances.
That is precisely it. Multiple members have not turned over funds they collected from selling on the basis that they are owed. Habib is the most famous. He even admitted to it.
OL is in a perfect quandary with a gap of about 600 million (according to Simon Le’s deputy) that should be in “cash accounts”, obviously isn’t and could only be withdrawn in limited amounts by the very chosen few since Feb 2017.
It could be that the family are raffling the boat and the apartments to top-up although it’s more likely to make off with what they raise.
The other element is this thing that IMAs have to log-in and put in a phone number to carry over to the “new system”. How is anyone who is “frozen” going to do that? Their cash account balance is going to vanish and help reduce what is owing.
Imagine how much Kari, Simon, Igor, Juha, etc, must have entered in there. Not to mention all the people who won’t be able to complete it because their “KYC” has issues, etc.
I wonder If anyone has sued OL for illegally confiscating funds. AKA stealing. That would be nice.
It is quite extraordinary. Putting together those two dates, only very limited cash withdrawals since early 2017 (Stevie), and no withdrawals at all since early 2018 (Semjon), it means they suffered the complete Ponzi collapse, with much more money owing on paper than is left in the kitty, somewhere around the time of Ruja’s disappearance.
Yet they’ve managed to keep a semblance of a working operation going, and some of them are still carrying on, quite publicly, still trying to squeeze even more money out of their remaining base.
They’re the zombie Ponzi that just keeps lurching around, despite total financial death, and with not even the fire of Konstantin’s and Scott’s trials having managed to kill it for good.
While it’s quite common for the same people to pop up again a few years after a Ponzi collapse, to try and start a new iteration of the same thing, I think the history of OC is quite unique in this regard.
Although the raffle has got to be the last gasp before Veska/the family finally call it a day. It’s like selling the family silver, except that they know they can’t sell it in any normal way – who is going to buy such completely traceable proceeds of crime, even at a knockdown price, without any certainty that they can keep them without further legal problems?
I wouldn’t be surprised if they actually already tried to sell them, and found out there were no buyers.
So these things are a pure loss right now. Apartments and yachts cost money just to keep, and they cannot sell them.
They are hoping to get some money for them anyway through this scheme, before inevitably seeing them seized, or more probably first having the contents seized and sold off. (Even if the authorities never move on OC, if the bills stop being paid, at some point the creditors will get tired of waiting and go to court.)
Even if the supposed minimum amount of tickets isn’t sold, they could still sign over ownership to a winner, let him pay the bills.
I don’t believe for a moment there’s any intent to throw any of the money made through the raffle into the bottomless pit of the “cash accounts”. It’s just going to disappear.
In regard to this statement of yours, PassingBy, if I understand what you said:
I disagree and here’s why:
Simon Le left to form his own Ponzi coin, Tom McMurrain left a long time ago to start his own Ponzi coin, Kari Wahlroos, Igor Alberts, the Steinkeller brothers (naming just a few) all left and joined wannabe OC Ponzi coins (Dascoin, Dagcoin, etc.).
The major promoters of OC left when the number of new signups started to dwindle and they couldn’t make enough in referral fees to sustain their income levels. So off to the next “bestest and greatest” MLM or crypto-currency MLM Ponzi.
All these major promoters just go from one MLM scam to another. It’s all they know how to do, and they take their people with them. It’s how they make all their initial money and work out a special deal with the new MLM “opportunity” to get a better percentage of referral fees than the normal person signing up members receives.
They only stay until they can’t get enough new people joining then they are off to the next “opportunity” of a lifetime, or so they claim. If it was the opportunity of a lifetime they wouldn’t jump ship.
When I first started exposing these Ponzi’s 15 years ago, the largest Ponzi’s were only taking in a couple of hundred million dollars. Today they are taking in $700 Million Dollars to $3 Billion Dollars. OC just got bigger than your average Ponzi.
As of May 28th Greenwood has retained counsel.
The latest offer from the crime family leaders:
Where are the scammers these days?
Kari boy I think he’s been shut down, Deppisch is repenting is sins, and Igor trying to get a facelift to so Andrea does not play away.
What makes you think that Deppisch regrets his sins? I think you mean that ironically?
In the last 10 years, Deppisch has been involved in at least 5 fraudulent MLMs! He always manages to jump from sinking ships in time to save his crooked fortune!
I have not heard of any regrets for those he has cheated!
It’s easy to regret your actions whilst sitting on millions you stole from your victims. Doesn’t carry any weight.
Karl Sebastian Greenwood’s pretrial conference is tomorrow June 3rd, 10am New York time.
Simon Le’s resignation letter: twitter.com/CryptoXpose/status/1267764607973810180
Sorry eagle eye I was being sarcastic regarding Deppisch he and Wahrloos are just a pair of lying narcissistic scumbags
@Oz – RE: Le’s resignation letter – THIS IS WORTH A STORY! (and its verifiable)
Gimme a few, just woke up. Been feeling a bit under the weather these last few days.
Let’s see if Greenwood’s pretrial is today or not.
Matthew Russell Lee from Inner City Press said:
His attorney is Bruce A. Barket. Will be interesting to see if his pre-trial conference really happens as Matthew ?Russell Lee says it is not listed on the court calendar for today.
2 German OneLife Independent Marketing Associates were freed of pyramid charges in Ausburg court on June 9.. *sigh*
Ah, Schulenberg’s work. The guy who has no shame. His business ran virtually on doing Ruja’s dirty work.
Unfortunately people can be vindictive and things with his name on keep leaking and will probably leak some more.
I wonder if his association with OL is why his firm had to change name? Out of all of the threats he issued not a single one to do with OL ever resulted in anything further than him being told to f’off figuratively and at least once over the phone.
I wonder if he enjoyed the party in Sozopol.
How can that be? Didn’t the plaintiffs present the statements of Konstantin Ignatov to the court?
Really!? We have many photos from that party! Wonder if we can find him there!
21-23 of August is Romanian DealShitter event in Bucharest, “The Legend is One” event, scheduled to take place. In typical criminal fashion, Location venue and address is never announced in advance, of course.
HOWEVER, we got wind of the location if anyone wishes to call, write, email, petition, or post onto their social media the fact that they’re hosting an international fraud scheme event.
HERE is the location of this venue!! Please help notify the management, Police, and media and get this location to cancel Onecoin scammers scam Event: romexpo.ro/ro/
Four new sealed document entries in SDNY OneCoin trial (DKT 288-291).
The four entries show up in every branch of the criminal case, including Sebastian’s. I wonder what’s cooking…
In addition, there is this update in David Pike’s case:
Funny coincidence because October 8th has special meaning for OneCoiniacs. 😉
What’s in the vault? WHAT’S IN THE VAULT???
Article updated with Sebastian’s pre-trial conference being rescheduled for Aug 5th.
OneCoin/OneLife situation starts to look really desperate. In yesterday’s OneLife Global Webinar KingJayms promises that members are going to TRIPLE the money they would have made in the last 12-18 months in OneLife..
3 * 0 = …
Oh sure, Oz, dash everyone’s hopes. They’re all trying to maintain a positive attitude and you gotta being math into it.
Math is no match for genuine Law Of Attraction woo.
“King” (Cordell James) also says in the video that they’re (GOAL is) to bring “at least” 1000 to 2500 new IMA’s this month! – That’s a far cry from their heyday, and clearly they’re scraping the bottom of the barrel.
If there are around 197 countries on earth, that’s less than ~4 people a week, per country. Lol.
FRED FOK FINED S$100,000 ($71,661.21 USD) FOR PROMOTING ONECOIN SCAM!
This about one second long moment of KJ’s talk sums it all perfectly:
I couldn’t bring myself to listen to much of James’s usual claptrap, but I see from a note in my diary that the sale of the raffle tickets for some of Ruja’s swag ended on June 30th. Did he say anything about how many tickets they ended up selling?
In what little I did listen to, I noticed that he gave himself away as belonging to a fundamentalist, dispensationalist church: he uses the word “dispensation” to mean a period of time. The word is only used in that sense in such circles. Not that this is much of surprise, given that his act is very much that of the kind of preacher such churches tend to have.
The new “educational package” about blockchain and cryptocurrencies amused me. If there ever was a subject about which one can learn absolutely everything there is to learn entirely for free, that is it.
So trust OneCoin to charge their remaining base of total idiots for it.
Obligingly, he shows some of the table of contents of the PDF, so we can do a quick check to see whether the obvious assumption is correct: that this must be copypasta from other people’s, mostly free, material, just like all their other “education” stuff.
A lot of the item titles are so short and generic they could have copied them from countless places, so I started looking at the first section that has somewhat longer phrases. That’s the one headed “Fears, confusion and misconceptions” (shown from 38:05 onwards).
It turns out that starts out with copypasta from two places. Items 1 and 2 are items 01 and 02 here:
Items 3 to 6 are from this list:
where they correspond to nos. 4, 6, 9 and 11.
It’s just the item titles, of course, but they’re clear verbatim copies – including the quotes around the titles which the Forbes list has and the other one hasn’t. I’d bet my luxury yacht that the actual text is identical, too.
After having done six items, I was so bored with confirming something I already knew before I started, that I stopped wasting more time on it.
Note that it isn’t necessarily the case that they copied it from the sites I found. Just about everything about this subject, especially on such a basic level, is endlessly copied and rehashed by lots of other people as well.
So the two sites I found may already have ‘borrowed’ material from somewhere else, or they may be original but whoever assembled the OneCoin version copied it from yet another copy.
Also, just as with their earlier “educational packages”, this isn’t necessarily cobbled together just for OneCoin. There are lots of individuals and companies around peddling courses on the same subjects the OC ones are about, often using pirated course materials. Copying from one of those is probably the quickest way of acquiring something like this.
It’s not as if the compiler is going to sue you for copyright infringement, is it? (Or you may even pay them a bit, so you can present them as your supposedly expert “lecturers”.)
If Asia can do it wtf is going in EU?
Karl Sebastian Greenwood pretrial now on August 7, at 9am.
Wow! Thanks for that @WhistleBlowerFin !
Dunno whether anything substantial will happen in this pretrial, but this would set a great precedent if the Courts allow journalists in this call!
Live Recording of the OneCoin Founder #2 Sebastian Greenwood pretrial telephone conference from today!
An alleged “15 billion dollar scheme” referenced by the defense attorney. 15 billion dollars!
Thanks for that WhistleBlowerFin.
Not sure how accurate the $15 bill figure is. New counsel and hasn’t had a chance to go over everything yet.
Assuming that’s an overstatement for now until I see the figure confirmed by the DOJ.
Guess we’re waiting till October 5th!
In regard to the amount of money stolen in OC, I have always thought the number was closer to between $14 Billion to $18 Billion Dollars. Heck I think the Chinese had $4-$5 Billion dollars in OC.
Sadly I don’t think we will ever know the total dollar figure, but I never believed the $4.6 Billion dollar figure cited by the US authorities.
If 3,000,000 members purchased „educational packages“ for $5,500 each. That alone is $16,500,000,000.
Greenwood’s lawyers have requested postponement of the upcoming October 5th conference to December 18th.
Stated reason for the delay is they were only recently able to meet with Greenwood and have to go through “voluminous” discovery.
Request was made on September 28th, yet to be approved.
Article updated with new December status conference date.
Strange. Kamran Hye has nothing more to say.
If Kamran Hye has got it into his head that it is in his best interests to remove OC material, things are really bad!
The “Management Consultant having over 20 years of experience” hasn’t purged his Twitter.
Kamran Hye believes in final victory – like Adolf Hitler in April 1945. You and I are idiots who have not understood the fantastic business model of OneCoin and do not belong to the global family.
@ Melanie Is that recent? I wonder how comfortable Hye feels facing his community.
No, the screenshot is from my 2019 archive.
Kamran Hye describes himself as CEO of Triple DZ, but his portal tripledz.co is no longer accessible. It has existed since November 2017, but never had any content.
On Instagram, he praises himself (!) and dreams of the distant future. Three examples:
In Germany we say: “Self-praise stinks”!
The video mentioned by Semjon in comment # 24 is no longer available:
This is not an isolated case. In my daily research, I constantly discover links to websites or videos that no longer exist. Some scammers erase their tracks on the net.
Some of the best web tools to downlooad high quality 1080p videos:
Neither is the one you just referenced from King Jayms. Kind of makes you wonder what they are afraid of doesn’t it by not leaving them up.