Steinkeller Brothers walk away from $2.5 mill monthly OneCoin income?
Siting atop the One DreamTeam OneCoin affiliate downline, the Steinkeller Brothers were purportedly taking home around $2.5 million dollars a month (so claims Ted Nuyten).
With an established group of victims in One DreamTeam doing most of the recruiting work, all the brothers had to do was put in appearance at OneCoin events and continue to bank millions of dollars.
In the midst of OneCoin promising all manner of things in 2018 (OneCoin going public and actual third-party acceptance of the coin etc.) and the value of OneCoin continuing to rise (as set by the company), the Steinkeller Brothers have announced they’re abandoning ship.
Wait… what?
The Steinkeller Brothers walking away from OneCoin makes little sense on the surface.
These guys have been trying to crack it in the MLM industry for years (Conligus, Organo Gold) and what, now they’ve hit the big time they’re quitting?
As per a press-release issued by OneCoin a few hours ago;
Christian, Aron, Stephan Steinkeller and Staffan Liback … have recently decided to devise a new leadership structure that will reflect better on their ambitions and goals for the next few years.
Aron, Christian and Stephan Steinkeller will retire from the network marketing business to go long-term on new exciting, confidential project, outside the MLM business.
“The time has come for a new change, we will make a full cut and not leave any bridges behind, in order to be able to focus 100% on the new projects to come.”, the Steinkeller brothers shared.
According to the press-release, the lesser-known Staffan Liback has been given the reigns of One DreamTeam.
How much the Steinkeller Brothers have stolen from OneCoin affiliates since 2014 is unclear.
I can’t imagine walking away from the company came cheaply though, although who paid off who to make it happen within the company is unclear.
Looking at the bigger picture, surely the irony of top affiliates purportedly making millions of dollars and preaching the future of OneCoin now abandoning the company isn’t lost?
Why spend two and a half years building OneCoin up as the “future of currency” if all you’re going to do is cut and run?
What, suddenly the Steinkeller brothers don’t believe their OneCoin point balances are worth what the company says they are? Recruitment has dropped so much that they’re getting out while they can?
A super-secret “confidential project” is clearly not why the Steinkeller Brothers left OneCoin.
One possible reason for the Brothers opting to disappear, and one which OneCoin to date has thus far failed to publicly address, is increased regulatory scrutiny surrounding the company.
Following recent arrests in India and a constant stream of regulatory action globally (Curaçao and Sint Maarten, Austria, Slovenia and Hungary all in the last month alone), the heat OneCoin’s top affiliates are feeling must be incredible.
Indeed Juha Parhiala, who Ted Nuyten claims is making $4.8 million dollars a month, recently stopped using his own name to boast about his earnings. Parhiala now refers to his OneCoin business as the generically bland “World Wide Solution”.
In the Steinkeller Brother’s home country Italy, OneCoin was deemed a pyramid scheme and banned back in February.
There’s a definitive pattern forming here. Every time OneCoin announce something it’s to cover up something else.
Pierre Arens CEO announcement –> Pablo Munoz’s disappearance
Jose Gordo’s introduction –> Steinkeller Brothers doing a runner
And to any OneCoin affiliates reading this:
What do the Steinkeller Brothers know that you don’t?
TOM McMURRAIN. the biggest lier of all dared not go to India, feels safer in Sweden.
Tom is scheduled for Solna, Stockholm 10th June… So please i could do with some help from all of you active to write to the Mall of Scandinavia and the Sw. police. thanks.
mallofscandinavia.se/
onelifeevents.eu/en/events/cryptoburst-2017
It’s sure they are leaving the ship because OneCoin has no long future left. Criminal investigations are going in several countries and their names are known.
It looks more a run from responsibility for what might come than a new project although rumors were running a few of the biggest so called income earners at OneCoin have already switched as well to another scam.
You are right that it makes no sense leaving just before the IPO in 2018 when their gazillions coins would make them the first MLM billionaires… the bubble just got blown now.
Shouldn’t all the other dreamers stop to dream now, see the reality and go after the ones that stole their money?
It’s only a few days ago that some of the OC stars are appearing at Questra, W3Coins, Skyway…and for sure some other programs we haven’t heard of.
There are also rumors of Navid Tavakoli and Max Nilsénius from Team Intowin possibly leaving.
If anybody has more info about this, please share.
Local pimps are trying to assure their flock that price of Onecoin wont fall bellow 5$/€ when they get on open market next year.
They assume starting price will be around 25$/€, so even with huge number of supply and 0 demand, for the price of 5 sheep can bank their ponzi points. That’s what they are thinking.
Of course none of them had a thought about what if price never goes higher then 0.
And their partner Ihren Abrahamsson always working with the guys?
Hardly believe she will leave. Expect to see her at RomExpo.
From Macau:
OLNewsletter 8/5
I posted this to another thread first but let’s put it here too:
DealShitter has an astonishing 10 800 open deals. Even if they all were from different merchants, there would be only 10 800 merchants present.
But of course it gets uglier, here’s a link to a post in the MuroBBS forum:
DealShitter deals
This post contains links to 13 separate DealShitter accounts that together have inserted over 10% of all open deals in DealShitter.
Let that sink in: THIRTEEN sellers are responsible of over 10% of the deals.
And then it’s even worse than that: four accounts out of the thirteen belong to SAME SELLER (same name, same address). He is alone holding 2.8% of all open deals in DealShitter.
One seller.
They have loooooooooong way to go for the 500 000 merchants. No wonder they dropped the million target in Japan speech.
Let me guess. They’ll be starting their own company using the “direct sales” model. Lol
I was pondering this today while reading this article, and don’t know if it was ever discussed. I already know what the real answer is, but don’t know if OneCoin has ever made a statement on it.
What happens to the Onecoins used to buy OFCs? How do they get back into circulation? How does a company that only sells education distribute currency back into circulation?
Ruja opens her laptop, goes into the SQL database and subtracts the OneCoin point value from the affiliate account.
The company can generate OneCoin points on demand and put them in any account so there’s nothing complicated about it.
They probably had to make a dummy-proof front end application for the SQL database for her not to screw up adding and deleting records, etc.
I’m sure the “crypto queen” wouldn’t know the difference between a database and excel spreadsheet.
Someone might want to mention to blogger and IT guy, Mike Marko, in Cincinnati, OH (USA) that U.S. citizen can’t even access OneLife website from the U.S. due to sales of unlicensed securities being illegal here; let alone Onecoin collapse is becoming more and more evident by the week. .
Marko seems to be pushing the “watch out for #fakeNews agenda.” Not sure that’s a great strategy at this point.
SOURCE: pressadvantage.com/story/17475-mike-marko-announces-updates-to-popular-onecoin-review
Who’s a nobody that self-published a self-help book (using CreateSpace) on how to grow thicker skin so you aren’t so sensitive to criticism. That’s basically her ONLY qualification to promote OneScam.
@mr ponzi scheme–post10
Remeber when the new improved BlockchAin was launched and coins doubled -it did not make an ounce of difference to the value(ala onecoin exchange) despite magically increasing 60 fold.
So OneCoins don’t really follow the normal laws of economics and this is going to be the case withe OFC and IPO as Frank Ricketts has proved time and time again.
There are no real sales ledger proofs so just recirculate if you want while you set up another database to see where it all went. But scrap them after a month so no-one can actually check the accounts when the scheme goes bust ..
All you need to do to prove how stupid this all is -just explain to a sane person about binary commissions, legs and splits, new blockcahins and the unbanked.
Add in Ruja and the baby, the steinkellers and your local charmers who sold in the first place and you will pretty quickly realise how humiliating this all was..
If any of you want legal templates to take down your upline -if you are ready and have given up just let Oz know and he will direct your enquiry to me.
OMG the visionary Steinkeller Brothers leaving the crypto market who is next Bill Gates.
Dose anyone remember when OneCoin use to pretend the Steinkeller Brothers were visionary FinTech investors unaffiliated to onecoin that just saw the light.
I remember how the pitch went “Bill Gates said cryptocurrency is the future, Richard Branson invested millions in the market and the visionary Steinkeller Brothers are looking to get in” it was hilarious.
@RiperZec
Anyone with a bullshit decoder ring from an empty CrackerJack’s Box was able to interpret the real message:
You’re welcome.
Sarah McGhee is starting to feel the heat from the collapse of One Coin. She has kept her USA investors in the dark about the reality of OneCoin while moving on to the next illegal Ponzi scheme.
“Linda F. – Send me information on this please. Is One Coin going to prosper. Someone said 10.85 now.
3 hrs
Sarah McGee I told you about this back in February!! Sent you 2 videos to watch · 2 hrs”
Really?
In other words, “don’t both me with questions about that last Ponzi scheme, I’ve moved on to the next one. Whoop! Whoop!”
I have not seen Sarah McGhee or Kevin Foster post one single notice about the major legal issues, frozen bank accounts, top leaders leaving, promoters being arrested etc.
Kevin Foster and Sarah McGhee are thinking they can get away with ripping off their friends, family members and social media contacts without anyone of them noticing.
It’s common knowledge that most Ponzi Scheme promoters are Pathological Liars. Oddly enough, their first lie is to themselves.
What they don’t understand (or simply don’t care) is that in the USA it’s illegal to sell unregistered securities.
A bit dated but still the law:
Source: invest-faq.com/articles/warn-unreg-secur.html
They can set up another scam for Rujamama and Father Greenwood, continue to cheat and legacy of Onecoin bababa.
Alexa rankings for Onlife and Dealshaker are dropping more rapidly every day. I finally think the end is near. But many thought the same one year ago, so who knows?
Lee Oshea is also securing his next scam by getting his followers to join Project Ethereum. (maybe this new scam is worthy of an article Oz?)
And the lemmings follow brainlessly. They are beyond all help.
ANYONE KNOW WHETHER CHRIS COBB WHO LIVES IN ESSEX ENGLAND HAS PULLED OUT OF PROMOTING ONECOIN AS HE WAS INVOLVED IN SETTING UP THE DREAMTEAM IN UK ABOUT 15 MONTHS AGO.
HE WAS JOINED BY ASMALL AMERICAN GUY WHO WAS REAL AMATEUR “WHO WAS LEARNING QUICKLY” IF ANYONE KNOWS HIS NAME WHY NOT SHARE IT IN THIS SITE AND WE CAN EXPLORE WHERE THET ARE NOW.
REGARDS
@Dutchie
Can you post a link or screenshot the graphs please
Thanks
ONE LIFE webinar with Crowndiamond Mr Juha Parhiala
I wouldnt miss it for the world… Lllooolll
@cryptokill
Not sure how the rules are about posting links here, but I’ll put a NOLINK in front of it just to be on the safe side.
Of course you can just go to Alexa.com itself but (lazy as I am) I use:
NOLINK:hypestat.com/compare/onelife.eu/dealshaker.com
Interesting is that at the start of the year there seemed to be about 3 million unique visitors per month. This was very much in line with the number of victims Onelife claims itself. Now only 1,2 million are left and decreases by 10.000 a day!
This might be explained by the fact that there is not much left to do in the backoffice after you mined your coins? Or maybe a number of people have woken up and don’t bother anymore.
Also keep in mind that Alexa uses a 3-month average. So the actual number of daily visitors in reality is lower than Alexa shows. (it still weighs in the higher numbers of early this year). The trend is clearly down.
Another fun fact. Ken Lobotomized claims that 75.000 deals are being purchased daily on Dealshaker;
NOLINK:facebook.com/photo.php?fbid=10154319860996829&set=a.10151494945136829.1073741826.733381828&type=3&theater
But as you can see from the Alexa stats, Dealshaker only has about 10.000 unique visitors daily. So EVERY visitor buys 7 or 8 things daily???? LMAO.
Some people must have lots of bedspreads!
@crypto
No all-caps please.
😀
Well… The Steinkellers are moving away from OC with tons of money. Later at the criminal trial the can claim “we left OC a while ago…” and then the usual blah blah blah.
But there are yet other Italy topleader… such as Anton Federspiel and Hansjörg Oberrauch (bot so called “blue diamonds”.)
Above were the answers for the ponzi points these “coins” really are.
But I assume your question was more like “If investors start to ask where the coins for this supposed-to-be global reserve currency come from, how OneCoin Ltd. plans to explain their origin?”
You are right, there haven’t been any explanations coming from OneCoin Ltd. and as long as this does not go into very visible topic among investors, I doubt there will be. The coins are just magically appearing already and it does not seem to be a problem for the investors, why would that change in the future?
We discussed this in MuroBBS some time ago, all the questions were left hanging in the air.
Biggest controversy is not in how the coins get back to circulation. Since those were traded to OFCs by the OneCoin Ltd., the coins should be now in some OneCoin Ltd. coin wallet and they can say that they are going set up “OneForex Ltd.” that exchanges those coins for fiat currency, based on their face value.
The biggest controversy is in the part that the tokens will no longer be handed to members. At current the story is that those tokens are needed for the “mining” of the blockchain. The tokens fuel the mining process.
If there are no tokens, does that mean there is no mining either?
If there is no mining, where do the new blocks come to blockchain?
If by some miracle new blocks still get mined (I’m sure that the simulator will keep on running in the backoffice), who gets the new coins as mining rewards?
These questions are of course of no meaning for those who have invested to OneCoin since despite all the “training material” given, they appear to have zero knowledge on how cryptocurrencies work and what mining means in practice.
@Dutchie Dealshaker is the best thing ever. Literally everything on the site is a scam. Someone needs to give me evidence that some one actually received the thing they bought.
Every time I visit I laugh my self to tears. check this out dealshaker.com/en/deal/apple-s-new-apple-macbook-pro-l42-uq2-new-13-inch-i5-8-g-256-g/ZJDtEU1cCH96TCmRQK72CpPcdUV6nngNjjL1YQSJYzA~
hilarious. I just miss the days of properties listed there.
Well this:
NOLINK:dealshaker.com/en/deal/pizza/lN4PxjUEDz-dRIVHpcg4k1MmuxXnh7rhMEVjdAITlwA~
Has been tried with an account of OneCoin victim that wanted to help those that are trying to expose the scam.
Offer is legit, they got the pizza (photo proof was sent to MuroBBS). The seller on the other hand is a OneCoin-believer who makes few euros loss for each sold pizza so I’m not expecting that offer to last for long.
OneLife Newsletter:
mailchi.mp/06fb04c87a00/jxkey6m9c9-700913?e=a0e0b3336a
The web. with Juha will be recorded and they will be back next monday same time with an even “bigger” webinar.
Nothing really worth mentioning. All is in the future and TRUST Ruja… Like 3 Jokers.
@Otto Well I’ll Be Darned. An actual Pizza. Are you sure that that pizza wasn’t sent to Raja for ‘safe keeping’ And will be returned to the buyer in 2018 when onecoin goes public.
But all joking aside, you can clearly see what is a scam by the number of Coupons Sold. And the amount of scams seams to have awaken a lot of people.
Definitive PROOF Onecoin had NO BLOCKCHAIN on Monday October 17th, 2016 at 10:54:28 UTC, just 2 1/2 weeks after “the new *blockchain” was allegedly implemented:
See: Block #22341 (must have access to OneCULT back office)
Go to hash: cebaa6e93b905bdfe4c3a1e7f552e36bad45bcb463f7f5e3fe197cf3913e9ad1
The Total “outputs” in this block EXCEED THE ENTIRE “FINITE” COIN CAP by over 8 billion *coins!!!
This is of course impossible if the cap were fixed (which had already been proven to be a lie the first time around).
SEE Ruja describing what a “fixed” and “finite” cryptocurrency cap implies, and why it “CAN NEVER BE CHANGED” HERE:
NOLINK://m.youtube.com/watch?v=-ijerpz6UDU
We have identified additional time-stamped outputs in other (simulated) blocks as well, which substantiate this further, concluding that this error is IMPOSSIBLE within an actual REAL blockchain environment, but can be explained as a SQL Server based human input error.
Anyone interested in following the Twitter feed may do so HERE:
NOLINK://twitter.com/SelimDizdar/status/869234158207414272
This may additionally have implications as to DX Markets and Marcelo’s lack of Due Diligence, at best (or his absolute fabrication of truth and complicense in manipulation of truth)!
While we have scores of more technical proof and evidence that there was never a blockchain in the first place, it doesn’t appear that this can be simply “explained away and twisted” to an audience of victims who don’t have any technical basis to follow these. THIS is rather straight-forward PROOF that doesn’t require technical understanding.
Analogy: If Onecoin published that they have ONE container which holds ONE gallon of gasoline EXACTLY, this demonstrates that the simulation of that container is claiming to hold ~107% of its absolute maximum content. It’s really that simple.
Actually it does not exceed the cap. If you look more closely, the same coins are moved from one address to another to another to another… All within ONE BLOCK – i.e. the “transactions” were requested without even having the balance in the originating address (yet) from which to do the actual transactions!
Somehow the parties doing the transactions knew beforehand that in that specific minute (blocks are lined 1/minute) they will receive enough coins to do the transactions and ordered those proactively.
(Or then the whole blockchain is a facade, pick freely.)
Appendage to the above:
Although multiple transactions can occur within a single block from the same wallet (thus increasing the amount of “outputs”), remember, Onecoin “block times” would have required an inordinately MASSIVE volume of GIANT transactions to have taken place within the constraints OF 60 SECONDS!
@RiperZec
I have made a query that gives you a filtered list of DealShaker coupons that have 0 euros in the price (i.e. price is 100% in OneCoins).
Considering the coin value is supposed to be 9.75 EUR, the pricing of products are mildly put fascinating.
If Oz allows me to post a link, it’s here: DealShitter deals
@Timothy Curry
If you want to find another controversy in that block, I’ll hand it to you:
At the time that block takes place, OneCoin internal exchange was closed.
(Let that sink in – only way to do transactions was offline.)
Only the OneCoin Ltd. employees could have made transactions at the time…
…but how do they transfer anything when OneCoin has made it clear that coins are “mined by the members, for the members” and “nobody can access your coins, not even us”?
@Otto
I know that Finland is a rich country, but is it normal for one pizza and one drink to cost 30 euros? And I thought Paris was expensive.
Even the people who supposedly believe in the value of onecoin seem to want to play it safe.
Pizza and cola are usually around 8 euros, 10 euros gets you a ticket to all-you-can-eat pizzeria.
Very few (if any) of the DealShaker deals actually accept the coin for Ruja’s value. I have found several deals that value coin to 2 cents or lower.
Thanks Otto.
Maybe we should order our OneCoin Turkeys for Christmasas. there is a butcher in Limerick, Ireland who has allegedly set himself up as a merchant and is STILL recruiting!
Michael O’Loughlin awaits your order but how the hell do you pay for it. Get in early to avoid disappointment.
What an absolute “shambles” (the mediaeval word for butchers) OneCoin has become.
Greed plus incompetence is a heady mix –how can 3 million Affiliates be wrong–send answers to Ruja for her next scam.
Just for curiosity’s sake, how many Euros does the pizza usually sell for?
This might be the first time that an MLM paid out in pizza.
I doubt you can sell the pizza forward, so even though you can exchange 3.08 OneCoins to something that has a real world value, you still need to eat the pizza to actually gain from it.
However the pizza in question costs 11.50 EUR according to the pizzeria website so OneCoin value is exceptionally high 3.73 euros.
That’s one of the best deals available if you want to convert your coins to fiat currency. The other options are something in the lines of a 20cm tall wooden Buddha statue that costs over 1 000 OneCoins.
NOLINK://dealshaker.com/en/deal/hong-mu-diao-ke-fo-xiang-jing-pin-hong-mu-mi-le-fo-feng-shui-bai-jian-the-statue-of-buddha-carved-mahogany-mahogany-boutique-maitreya-buddha-feng-shui-ornaments/oV9J7AKgU0HVILMSOujo6g1DJgOXpTVj6rQqRx2Fac0%7E
Needless to say that an equal Buddha statue can be bought from eBay for 50 euros. That puts value of OneCoin to 0.05 euros and STILL the merchant has been able to sell 88 coupons to OneCoin “investors”.
It seems that even the OneCoiners themselves do not value the coin at the 9.75 EUR “official” value. 😉
What comes to the pizza deal, the keeper of the pizzeria will end up with worthless OneCoins he cannot sell forward so he makes a loss size of the price of pizza ingredients (5 euros or so per sold coupon, I think).
I would assume at some point he realizes that he is effectively buying OneCoins, only that he first converts the euros to pizza ingredients before he can convert the pizza ingredients to OneCoins.
Slovenians seem to be the only ones who value their OC at 9,75 € 😀
pizza for 3.56 EUR + 0.36 ONE: dealshaker.com/en/deal/slastne-pice-iz-domacega-testa-20-vrst-delicious-pizza-homemade-pasta-types-20/WjK-FN5RvGByRoefOnoN*m34WPLckvfC3TrUFmajtrM~
pizza for 1 ONE: dealshaker.com/en/deal/velika-pizza-po-izbiri-gostilnica-picerija-in-spageterija-kasca-mrlacnik-brezovica-pri-ljubljani/csiu-IptZ7o0wgGVKJ2kL0lQUVlHZWFOuMPfm07jbro~
I wonder how the merchants put their OneCoin transactions in to their book keeping records.
I think the pizza merchant Otto mentioned would have to pay Value Added Tax for each pizza sold, so the merchant would not just lose the value of the ingredients but also increase his/her tax burden if the transaction is marked as a sale in book keeping. And, alas, in Finland you cannot pay taxes with OneCoins. 😉
Or is OneCoin with its fake value useful as part of some kind of tax avoiding scheme? Or other unethical/riminal activity such as money loundering?
I don’t get it. It would be sad if the merchants used a “currency” which has no real market value and cannot be converted to other currencies out of sheer stupidity.
It depends on the merchant. In our jurisdiction, the correct way to sell your goods through vouchers is to issue an invoice with the full amount and then discount it for the amount on the voucher. The merchant pays both the VAT and the income tax on the full amount.
But I’ve also seen an invoice where a OneCoin hamburger was billed 0€ and this is clearly a case of tax evasion.
As always, the IMAs always place full responsibility for any irregularities on the merchants and their accountants.
I think it should be more or less the same all over Europe.
Fiscal authorities don’t care if you are paid with cash, plastic or anything else. If you sell something for the price “x” “x” has to be written in euros in your book keeping.
In my country if you make a discount you have to put it in as “discount” in your book keeping. It would be illegal if you write down as a discount something you sold full price receiving a part of the price in another currency, like a deal on Dealshaker seems to work.
@Santa Maria
this also applies to Discounted Packages which were sold by codes emanating from Juha and working its way down chains .. Can Zain enlighten us in the UK as he has alleged to have moved on.
I just want toe stablish what additional profit was being hidden at what levels and how much for package levels. This is a fraud which is just hiding in plain sight and requires an authentic whistleblower..
Will these transactions be in an account which can be accessed legally or is there a set of accounts for reference by a whistleblower Affiliate. It will blow yet another hole in their reputation–which is sinking by the day.
Thanks
@Santa Maria This is not true it all depends on legal tender laws. Selling it for “OneCoins” should be illegal in most of the euro zone since all transaction should be done in legal tender Euros.
In October 2015, the Court of Justice of the European Union ruled that “The exchange of traditional currencies for units of the ‘bitcoin’ virtual currency is exempt from VAT” and that “Member States must exempt, inter alia, transactions relating to ‘currency, bank notes and coins used as legal tender’”, making bitcoin a currency as opposed to being a commodity.
According to judges, the tax shouldn’t be charged because bitcoins should be treated as a means of payment.
In Hungary you can’t use Euros unless it’s explicitly permitted by law since they use the Forint. The tricky part is that transactions are done over the internet so it might be legal to trade as you would in any other currency.
This is not true only of OneCoin but any form transaction. But I think this is more of a case of there not being enough transactions for some one to notice.
Most likely they just write it off as an expense and the authorities don’t investigate a hundred missing pizzas.
As I recall, the DealShitter Terms of Service will querie something like 57 references to the word “coupon,” something like 4 references to the word “Onecoin” and maybe 2references to the word “cryptocurrency.” (this is from the to of my head based on these queries I did some time back; and Onecoin related TOS and T&C seem to constantly change).
Perhaps Onecoin is attempting to find a loophole in converting what they call a “cryptocurrency” on one side of the fence, and a “coupon” on the other?
@RiperZec
hmm… could it be that you are confusing taxes on selling for shops with taxes on trading and exchanges of currencies?
Sure, member States have to accept digital currencies and are not allowed to tax transactions with them more than transactions with euros, but taxes must be payed anyway.
To make an example: if I buy a bottle of vine for 36€ I can pay with cash, bitcoins or even 1 gram of gold if the merchant accepts it.
The judgment of the European Court says that countries are not allowed to charge an extra tax on the bitcoins or the gold, but it does not say that if you pay with coins or gold you do not have to pay taxes at all.
He is likely confusing it, the ruling by the CJEU is not relevant for the underlying situation. You have to pay taxes, if you don’t do so you might get problems.
But OneCoin IMA’s having excuses for everything, reality refusal. In some country you may get problems after 5 or 7 years with that OneCoin dealshaker stuff.
I went through Dealshaker FAQs and Terms and Conditions for some info about recommended tax and accounting practices but – surprise surpise – didn’t really find anything useful. On taxes they just state that it’s the sole responsibility of the merchants to determine if any taxes should be collected or reported.
The big question is how to treat the hybrid prices in book keeping: should the ONE price be treated at the given nominal exchance value? (I doubt that it’s legal to have those kind of hybrid prices.)
This is very relevant question for the merchants and their accountants but oddly there seems to be no clear answer publically available. On some deals they explicitly state the “Full price/Value” in euros adding the ONE price to EUR price at its nominal value 9,75 e.
Let me take an example how confusing, sad and shitty the whole thing is. On Dealshaker there is now a iPhone 7plus deal (from China) with price 955 eur + 97,50 ONE, so if we take the ONE price seriously the total value for the phone is whopping 1905,63 EUR.
Nevermind I could get the same phone for under 900 eur(price inluding 24% VAT) from Finland, let’s suppose my Onecoin cultist mind would want to order the same phone from China via dealshaker.
In order to get the phone to my country I would have make a custom clearance for the phone and pay VAT for it. Now, is it the 1905 eur a tax free price where the VAT is supposed to be calculated?
With 24% VAT the phone would cost me some 2362 eur, over two times more than from store near me. Even with VAT included in the 1905 price, the deal would be extremely shitty.
Or let’s suppose that I’m electronics merchant in Finland giving the same deal as the Chinese one and the 1905 eur price inludes 24% VAT. If I state the 1905 eur price as a sale value in my book keeping, the amount of VAT I’d have to pay for it is 368,83 eur.
That is over two times the tax had I only stated the 955 eur price (184,84 eur) as a sale value. Why the hell should any merchant take ONE price seriously, if it does that much financial damage?
That’s why I suspected that Dealshaker could be useful only for some criminal purposes because no rational person would use it as a sale avenue.
Well, it probably is useless even for criminal purposes.
Just put a note through to your upline and grandfather upline and copy Irina DilkinSka and ask what you are supposed to do regrading tax regulation and declaration.
If you dont get an answer ask your VAT Office and copy the correspondence to them. The VAT officers are normally the most inquisitive.
In Finland Tax office declares regarding cryptocurrencies that it is calculated as income (personal income, or company got valuable stuff to their inventory) based upon the value it had at the moment you gained it under your control.
If you bought cryptocurrency with money, then price is probably justifiable to be that specific price, unless you bought it clearly under the market price.
But when it comes to either mining, or selling something against any cryptocurrency, then its pricing is based upon the currencys value at the point when you gained that money under your control.
Hence, if I have understood it right, someone selling something for lot of OneCoins, could well be making himself a whole load of taxes to pay.
For lets say you sell pizza for 100 OneCoins. You might think that one OneCoins value is then only 10 cents each, but Tax office might decide that as there is no other way to evaluate OneCoins value, they might just accept what ever OneCoion company have decided the value to be, and in that case your company now has inventory of 100 OneCoins worth 950 Euros, which in end of that fiscal year will be 950 euros of profit, from which you need to pay taxes.
By other words, you gave someone a pizza that could easily have cost you maybe 200-400 euros to give.
Many people dont realise that when they bought their OneCoin packages, they might have become liable to pay lots of taxes.
Basically in most cases this is not a problem as OneCoin was giving roughly same amount of coins (in value) as the packages price was, in which case you could say you bought them for same price as you got them for, making it plus minus-zero-case, except, they actually bought education packages and hence all the OneCoins are simply profit without expenses possibly.
But worse are those who joined OneCoin early. For say you originally joined for 1 000 Euros and you got, lets say, 10 000 OneCoins at early times (i dont actually know how much you got at early times), then you perhaps even made some downline, and lets say you are one of the huge successess and you have accumulated 50 000 OneCoins in total.
Now heres the thing. When OneCoin magically multiplied faster than bunnies, they also doubled each current affiliates OneCoins. So if you had 50 000 OneCoins at that point, even if you had got all those at reasonable prices, at that point you got the next 50 000 OneCoins for, was it 7 Euros each?
Thats 350 000 Euros of income in one year. Hence from tax offices point of view, you probably owe them more than 100 000 Euros of unpaid taxes currently.
Unless you were smart enough to get them for your company and sell them for huge loss the same fiscal year still to balance the profits with the sale losses.
It would be interesting to see what would happen if tax office would start pushing this issue that if even the hardcorest OneCoin believers in this situation would start claiming their OneCoins are worthless to avoid the taxes, and maybe they would even gather the evidence from here.
I sent a note to my upline and asked him to advise what we do regarding tax treatment and have advised him that if he doesn’t give a full answer I will ask the tax authorities here to make a ruling.
Peraps advise the 3 of us or do you want us lads to ask their own tax man.I know your own tax advisors /accountants does not want to answer
What is your address (AS I want to serve a writ on you for mis-selling an investment product.
No reply yet but I have given him and Dilkinsa a week or so to clarify
@FromFinland
The taxation for OneCoins has three aspects. One is the VAT that should be counted for the DealShitter sales (e.g. selling a pizza for 10 ONE could actually lead to 24% VAT for 97.5 EUR, meaning the pizza – like you rightfully say – could cost 23.4 EUR to give away for free!
And as tax officials don’t take OneCoins, you need to have that in euros. (The tax calculation is assuming the tax officials decide that there is no other credible value for OneCoin than the 9.75 EUR/ONE given in DealShitter.)
The second thing is that mining rewards of cryptocurrency are a subject to taxation. They are seen as an income for which you pay tax at the time you receive the income, not when you actually use it. So if the OneCoiners insist the coins are mined (as they do), then the coins received are mining rewards.
Which means that if an investor buys “educational package” for 5 500 euros and gets – say – 6 000 OneCoins (IDK the exact amount), that means he/she has to pay a tax for 6 000 * 9.75 EUR = 58 500 euros.
That would probably be around 30% of the sum or alternatively 17 000 euros on top of the 5 500 euros already paid for the “education”.
(Once again the tax calculation is assuming the tax officials decide that there is no other credible value for OneCoin than the 9.75 EUR/ONE given in DealShitter.)
Third point of taxation (if you got this far without being broke) is that you pay tax for the income you make when selling stock or exchanging currency for profit.
The taxation takes place at the time of sales. If the investor manages to finally sell the coins for profit, you need to pay taxes for the profit you gained, no matter how small it was. (But of course the smaller the profit, the smaller the amount of tax to be paid.)
OneCoin investors should really hope that the OneCoin gets judged as a fraud before they have to pay their taxes. 😉
Thanks Otto and I believe similar rules will apply in UK and Ireland However, I think we should encourage all Affiliates to ask their uplines and if they refuse to answer to refer the matter to the Country tax office.
Additionally ,I believe OneCoin Affiliates have said/published that there is no liability to pay tax if you keep your coins in for over a year and certainly Kari Wahlross said this in Dublin in February 2016 and that this applied throughout Europe.
It would be nice if it is on Video and can be downloaded to YouTube.. This would also mean that the Interest earned (12-14% in OneSave)would also be liable for tax.
Good job it will be worthless anyway if it lasts to an IPO.. the VAT area is the most potent because this is going on with merchants now!!!)
Very good discussion on the taxation issue!
No wonder why the Finnish authorities haven’t issued any strong fraud warnings or launched investigations in to OneCoin — they are obviously waiting to milk tax revenues from the participants. I bet the Finnish Tax Office is waiting for the splits more than the OneCoin investors — so much value created in instant to be taxed on! 😉
It would be extremely funny if the OneCoin people, in order to avoid massive massive tax, would have to battle Finnish tax office in courts trying to prove that OneCoin doesn’t have the value Ruja says it has.
Joking aside, for the scam victims’ sake, I hope the Tax Office doesn’t add to their pain and loss.
I presume those who have been duped will either just lose when the IPO comes about (if) or when it goes bust beforehand.. They then will presumably write off against their tax liabilities or say nothing because they don’t want the Revenue to know where the money came from(generally cash).
These things tend to go together and certainly this would be a strong possibility in Ireland where the Pioneer has not yet answered questions regarding the tax position as described above.
He would have practical experience as he was heavily involved in the scam BANNERS BROKERS a few years ago and would have had to declare his status then –or maybe not????.. I have asked him for his advice but don’t expect a coherent answer.
Vat is generally a quarterly payment so all merchants can be investigated now so get in touch with your VAT Office and ask his opinion -whether you are a buyer or a seller.
Missed the OC discussion with Tim Tayshun Bjorn Bjercke Nikola Korbar Igor Krnic WhistleblowerFin?
Heres the upload 2.21.58.
youtube.com/watch?v=1HXwsmQdDOw&feature=em-uploademail
Especially since a 33% capital gains tax is payable in Ireland where all forms of property are assets for CGT purposes whether situated in or outside the State, including currency, other than Irish currency.
Have sent the Pioneer in My country these notes re tax as well as two so called mercahats. Alos copies to ONeCOIN.
Have sent the Pioneer in My country these notes re tax as well as two so called merchants. Also copies to One Coin Corporate lawyer -Irina Dilkinska and to the two European Ambassadors Karlsson and Shaw.
They have been asked under duty of care and their leadership responsibilities to advise or we will have to ask the tax authorities direct..
WHAT IS THE BETTING THAT I DO NOT GET A REPLY –PAYABLE IN ONECOIN?— YOU WILL HAVE TO EXTRACT THEM AS XCOINX IS CLOSED AND I have been thrown out anyway.
Following the cheating with CONLIGUS and OneCoin, the Steinkeller brothers in the German network magazine netcoo.com have told this mendacious fairytale:
NOLINK://https://share-your-photo.com/b62a2d4a3a
I am deeply impressed! Notorious cheaters become benefactors in Nepal?!?! If you believe that, you can sleep in my bed for free. I’ll sleep on the floor then.
PS: Why do the Steinkeller brothers use the exhausted slogan “Together for more” by OneCoin / OneLife? Is not the imagination of these four scammers enough for their own slogan?
@Melanie from Germany – RE: “Why do the Steinkeller brothers use the exhausted slogan “Together for more” by OneCoin / OneLife? Is not the imagination of these four scammers enough for their own slogan?”
“Duplication is Everything, remember?
(a la Juha Parhiala, whom StinkyLiar Brothers have worked with on several MLM ventures even prior to OC)
The Steinkeller brothers are scamming people in FutureNet, they didn’t quit anything.
Nepal is history! Nobody in Nepal has to starve and freeze anymore. Now the benefactress named Steinkeller is saving unselfish the rainforest. That’s the only reason why they joined the scam with FutureNet:
NOLINK://https://share-your-photo.com/12e8c7da60
Christian Steinkeller and Jose Gordo are directors of the following company in Panama:
Their old website onedream.team now redirects to onelifeima.com.
NOLINK://https://share-your-photo.com/8b0151e40a
All BlackDiamonds in OneCoin are professional money launderers, they will get caught any moment now, clawback will be in place soon.
They used ignorant people in the field to help them, and they also will have claims.
Oz wrote this article on May 27, 2017.
Two weeks earlier, OneCoin preacher Cordel “KingJayms” James and Staffan Liback discussed for an hour.
Did the two have significant differences in the video? Liback looks very excited and angry.
share-your-photo.com/c6be7638bc
youtube.com/watch?v=q9MSLCVVWcg
Aksel Sindre Farstad calls himself TEAM INTOWIN TOP LEADER and has his own YouTube channel:
share-your-photo.com/73b3b69ada
Since March 2015 he has uploaded 130 OneCoin videos.
youtube.com/c/AkselSindreFarstad/about
Another photo of this cheater with glasses. He probably lives in Norway:
share-your-photo.com/380eb04be8
youtube.com/c/AkselSindreFarstad/videos
January 2016. Aron Steinkeller and Ruja drive together in a car to a fraud event in Frankfurt am Main:
share-your-photo.com/2157229919
netcoo.com/direct-selling/onecoin-veranstaltung-in-frankurt-sprengt-die-erwartungen/
Steinkeller Brothers hired a Spanish company to delete negative messages on the Internet. See this comment:
https://behindmlm.com/companies/onecoin/uk-authorities-returned-30-mill-to-onecoin-money-launderer/#comment-463070
This article about the criminal Steinkeller Brothers is no longer available. A result of the activities of ELIMINALIA?
share-your-photo.com/bb6bf9adf2
In the web archive, the detailed article can still be read today:
web.archive.org/web/20211018012817/https://themlmreport.com/the-return-of-another-ponzi-scheme-starring-steinkeller-brothers/
This article is still readable!
share-your-photo.com/6ca1ca5717
occrp.org/en/investigations/dubai-uncovered-data-leak-exposes-how-criminals-officials-and-sanctioned-politicians-poured-money-into-dubai-real-estate
These videos were not deleted either. Has the Spanish company ELIMINALIA overlooked them?
share-your-photo.com/9d969d5545
youtube.com/watch?v=9V3Be1esUZI
share-your-photo.com/a8875b8c9a
youtube.com/watch?v=Hw8CaXMgQeA
This article was also not deleted.
In the article, BehindMLM was mentioned and quoted twice. Organo Gold and Conligus, the Steinkeller Brothers’ own scam, are also mentioned.
share-your-photo.com/588f4ef1cd
multinivelzgz.com/los-hermanos-steinkellers-abandonan-barco-one-coin/