Second OneCoin conviction in Singapore = 6 mths prison
A second OneCoin promoter in Singapore has been sentenced to six months in prison.
Terence Lim Yoong Fook will also have to pay a $210,000 SGD ($158,603 USD).
Fook was arrested last year on charges related to pyramid selling. He was convicted in November and sentenced earlier this week.
Fook’s co-conspirator, Fok Fook Seng (aka Fred Fok), was also arrested in April. Fok was convicted in July and fined $71,700.
In a press-release issued earlier today, Singapore Police Force claim Fook promoted OneCoin from June 2015 to January 2019.
Terence Lim Yoong Fook actively promoted the scheme by organising seminars to recruit participants.
A number of these seminars were held at the office of One Concept Pte Ltd, a company which he had set up for the purpose of marketing the scheme.
As at June 2017, at least 2,349 members in Singapore had joined the scheme due to the promotional efforts of Terence Lim Yoong Fook and other members of his team.
Terence Lim Yoong Fook earned commissions from such recruitment.
Authorities in Singapore began investigating OneCoin in 2016. Regulatory action kicked off with an investor alert issued by the Monetary Authority of Singapore.
OneCoin was promoted in Singapore through the shell company One Concept Pte. Ltd.
Outside of promotion in a few third world countries, today OneCoin is all but dead.
Ruja Ignatova, founder of OneCoin, disappeared in 2017. She remains at large.
The OneCoin scam has existed since June 2014, but the so often cited and praised “ONE Ecosystem” is still not finished. Cordel KingJayms James confirmed this great embarrassment in last week’s newsletter:
Even 100 years from now, a system of organized worldwide fraud will not become a so-called “ecosystem”! In Germany we call this a sham package (Mogelpackung).
The following graphic shows the first ONE Ecosystem that is no longer valid:
The following points have been removed or no longer exist:
OnePay – Investment Funds – CoinCloud & MAB – CoinVegas
Here is the current ONE Ecosystem for comparison:
The most important part of this “ecosystem”, the EXCHANGE, is always displayed, but does not exist. Ruja Ignatova personally announced in Dubai in May 2015 that there would be an exchange.
In a video by the top scammer Cordel KingJayms James from January 19, 2021, the old “ONE ecosystem” is still shown! The idiot who presents this is called Noel Emmanuel Jack.
Quote from the scam portal onecoin.eu/en/one-ecosystem
Fantastic news from Pakistan!
I love precise information like this from the OneCoin fraudster “Sharif Property” from May 11th, 2018. I accept September and decide myself in which year the OneCoin Exchange will start. I chose 2049. Then I’ll be 100 years old and wise and I’ll write a book about how a blockchain works.
I also love the comments made by the dumbest woman from Ireland, Marian Murphy, under this video:
A year later, the same fanatical OneCoin follower wrote on Facebook:
Marian Murphy answered a critical comment from James Walsh under the same video with two lies:
Marian Murphy from Galway, Ireland. She’s as stupid as she looks. But her minimum intelligence quotient doesn’t prevent her from commenting on hundreds of videos on YouTube.
OneCoin scammer “Sharif Property” from Pakistan:
share-your-photo.com/2b6bb71fc8 + share-your-photo.com/415c97560c
More videos with endless lies on this channel:
A YouTube channel called Onecoin Exchange has existed since March 27, 2020. Of course, no official channel, because most of the comments come from India or Pakistan.
I don’t know which scammer this channel belongs to. He can be seen in his first video, but cannot be recognized because of the corona face mask.
The channel also contains numerous videos from these well-known OneCoin scammers:
Marco Agnelli (Italy) – Luca Miatton (Italy) – Thanh Duong (Australia) – Muhammad Adeel Anwar (Pakistan, India, UAE) – Cristi Calina (Romania) – Cordel KingJayms James (Trinidad and Tobago) – Marco Barbagallo (Italy) – Muhammad Hussein (Pakistan) – Raúl Pazos Medina (Ecuador) – Roshan Choubey (India) – John Paul or Gianpaolo Oliva (Italy).
Could it be that the OneCoin believers are becoming dissatisfied? I quote Thanh Duong (“Than OC”), one of the most infamous liars within the criminal OneCoin organization:
Zoom webinars with lies old and new will not prevent the number of dissatisfied from increasing day by day.
Another infamous lie from Thanh Duong (“Thanh OC”) from Adelaide in Australia:
Of course, this Vietnamese OneCoin scammer doesn’t mention which supermarket in Australia accepts worthless ONE as payment! The video doesn’t show if this notorious liar bought anything and how he paid. A real FAKE!
We all know that Konstantin Ignatov was arrested on March 6, 2019. Why did the OneCoin scammers from Australia (Onelife Australia) upload this video on September 25, 2020?
The video is old and was shot in Cordoba when Konstantin Ignatov was still free. Also seen in the video: Alejandro Taylor from Argentina, who was also arrested in December 2020. Taylor only translated Konstantin’s lies.
To date, Thanh Duong has uploaded 125 videos of lies on his channel “Thanh OC“. His videos are mostly bilingual: English and Vietnamese.
The last 10 videos in preview:
Thanh Duong is OneLife “Diamond” and DealShaker Country Manager Australia.
Here is another example of the lies Thanh Duong has spread in the past:
Which car dealer will be so idiotic to swap new Mercedes for worthless ONE?
Did the OneCoin scammers in Sofia have a crisis meeting on January 25, 2020? Cristi Calina, the head of the Romanian OneCoin Mafia, wrote:
In another video, Cristi Calina is quoted as follows:
Every meeting they have in Sofia is a crisis meeting.
I do know that there is a window missing a drape in Sofia unless the woman in the video put it back after wearing it.
Very good! I agree to this video from February 23, 2021. The notorious liar and OneCoin scammer Syed Muhammad Muzammil Gilani from Multan, Pakistan should upload videos with similar content on a regular basis. Ruja will be delighted when she reads this.
Good news from Sofia! Money laundering is allowed again?
On the YouTube channel Global DealShaker by Muhammad Adeel Anwar it says under a video:
I clicked the link, but was only directed to a completely blank page. A money laundering policy is obviously superfluous in the new OneLife 2.0 system?!
Addition to comments #5, #6 and #8
Now the Vietnamese OneCoin scammer Thanh Duong (“Thanh OC”) from Adelaide, Australia is getting cheeky and outrageous.
Video from February 25, 2021:
Who is ready to see and hear lies new and old for 65 minutes again?
As usual, the video is completely uninteresting. But it gets exciting in the comments below this video. I am just quoting the question from Wati Imsong:
Everyone should read the 23 responses to this question. Here is just an excerpt:
This video is already a year old, but it’s still up to date. Thanh Duong (“Thanh OC”) answers a frequently asked question:
Now I am reassured, nobody has to worry. Thanh Duong could have put it more briefly: “Your money is not gone, someone else has it now.”
Partial quote from yesterday’s newsletter:
The video linked in the newsletter shows the five scammers mentioned and was not listed! Why?
Related to the same topic:
In September 2021, many newspapers reported:
Melanie, these guys are from Hong Kong.
Did I miss something?
I thought Fred Fok was cured of this now.
Him and Terence Lin have both been convicted but they still carry on?!
1,583 people from China have registered with Italian OneCoin scammer Luca Miatton and his “First Crypto Bank”:
Addition to comment #4
The “Onecoin Exchange” scam channel has been renamed. New name is:
I forgot something important in my last comment.
Muhammad Hussein from Pakistan was the most frequent and dominant speaker:
No new video has been uploaded since August 2021. Has Muhammad Hussein finally realized that OneCoin is a scam?
The main contacts of Muhammad Hussein are or were “Black Diamond” Muhammad Adeel Anwar and Affan Khan (DealShaker Country Manager Pakistan). Affan Khan is now allegedly selling real estate in Dubai, but he does not claim that it can be paid for with OneCoin:
The upper phone number is for Pakistan, the lower for UAE.
In another video, Affan Khan names the following people who apparently want to continue the OneCoin scam in Pakistan:
Addition to comment #15.
Quote from November 1, 2022 newsletter:
Mai Loan runs the OneCoin scam in Vietnam. She is “Black Diamond” and DealShaker Country Manager.
Mai Loan was also present when the fraud center in Sofia reopened in September 2022:
In videos on the Vietnam DealShaker channel, she refers to herself as CEO. An example:
It won’t stop till they throw them in prison.
Bet nobody is still promoting OneCoin in Argentina.