Veselina Valkova trying to cash in on OneCoin notoriety
When Ruja Ignatova disappeared in late 2017, her brother Konstantin Ignatov took over as CEO of OneCoin.
When Konstantin was arrested in March 2019, Veselina Valkova stepped up to run OneCoin.
In an attempt to downplay Ignatov’s arrest, one of Valkova’s first orders of business was to announce OneCoin’s
legal team is currently working with USA lawyers in order to clear out the situation.
That was of course baloney.
Over the next few months Valkova would drive recruitment into OneCoin through various announcements; an exchange, OneCoin working with a “central bank” and European authorities and so on.
Those announcements too were baloney.
By mid to late 2019 Valkova realized OneCoin was dead in the water, prompting her departure.
A few months later Valkova resurfaced with Circle of Finance (aka Invicta), a short-lived INV token OneCoin clone.
Now, two years later, Valkova is looking to cash in on her time running OneCoin.
A few days ago Valkova created a Twitter profile to promote her upcoming book; One Coin – Two Sides.
Details of Valkova’s book are unknown. The title suggests Valkova will attempt to rewrite history, casting her and OneCoin in a favorable light.
Looking to make a quick buck, Valkova is launching her book with a “one of a kind exclusive NFT collectibles” gimmick.
Whether Valkova will accept ONE or INV tokens as payment for her book and NFTs is unclear.
Sometime in the last 24 hours Twitter “temporarily restricted” Valkova’s new account:
Twitter states Valkova’s account has exhibited “unusual activity”.
Given Valkova’s proximity as a former OneCoin executive to Ruja Ignatova and Konstantin Ignaov, it’s assumed at the very least she’s a person of interest to US authorities.
If US authorities have taken action against Valkova, that has yet to be made public.
Valkova is believed to still be in Bulgaria. On her Twitter profile she cited herself as a consultant for Whitehat Asset.
Whitehat Asset’s website domain was only registered a fortnight ago, so we’re assuming it’s some bogus front.
It could also be a trojan horse business idea Valkova is hoping to promote through her OneCoin book.
Twitter account getting restricted = OK lulz I have to cover this now.
I’m guessing that the book isn’t going to reveal the identities of the “central bank” & “Eurpean authority”?
Much less why she went about ramping up the scam after being told by US DoJ indictments that it was always a scam and the obvious news that an exchange is impossible, and so-on
How about the Bulgarian authorities who are responsible under EU rules? Her connection to the US is tenuous at best.
Let’s not forget that Bulgaria is one of the most corrupt states in the EU!
I just assume Bulgaria doesn’t have authorities at this point.
@ Stevie
Is Veselina Valkova still waiting for the meeting with the central bank?
Quote from June 17, 2019:
share-your-photo.com/cbf295b4f0
A week later, her next lies followed. An example:
share-your-photo.com/2fbc2cc403
But Syed Muhammad Muzammil Gilani from Pakistan was much faster than Veselina Valkova. This scammer wrote already on May 17th, 2019:
share-your-photo.com/402632a64c
@ Melanie
Valkova can read English. She knows what was in the indictments. We know they were discussed in Bulgaria, etc. We know people broke away because they just couldn’t anymore.
Maybe some had an attack of conscious, maybe some just saw where this was going on and wanted to self-preserve.
Either way, she is the last person alive after Sebastian, Veska, Ruja, Irina and Konstantin (are some of them even alive?) who can whitewash now.
Not to mention anyone else still left. “King”, the Vietnamese guy who looks like an extra from Alien, that fat Italian and the Romanian clown, etc.
The BBC feedback that the company reported would have gone through her. I’m certain there will be some spin about how “KYC” was always done and they only sold “education” but everyone knows after the two indictments, it is meaningless.
@ Stevie
Because you mention KYC – a favorite topic of Veselina Valkova:
share-your-photo.com/d1424785a2
youtube.com/watch?v=Y1ef_jUQVro
PS: The scammers in Sofia can sell the uploaded ID cards and passports to other scammers for a lot of money. The German police constantly warn against making personal documents available to any company on the Internet.
German television repeatedly showed how such documents were misused by criminals.
@ Melanie
Yes, that’s true.
Selling the documents on could be lucrative.
Then again, there are reports of people passing the KYC using their pret’s name, the US base using the Virgin Islands and so on.
Also more-and-more difficult KYC is a wonderful exit strategy for a scam as Oz has taught us. And a nice revenue stream to re-scam victims who have difficulty righ-now with facing the reality. Thirty bucks to re-KYC, whatever to separate your “PowerPack” amongst multiple owners and then re-KYC, and on it goes.
I personally think they just want a database of gullible people who like the bling to sell onto the next thing coming. Kinda like Ricketts did to Ignatova.
Or a combination of all of the above.
And why I’m all riled up, and forgive me if this has explained before, but in terms of what could a “European authority” give a licence for an exchange?
EU countries do their own thing in the framework of EU directives.
More lies from Veselina Valkova dated August 29, 2019:
share-your-photo.com/367eedf812
Uploaded by the Pakistani scammer Rana Sohaib:
share-your-photo.com/597c428ded
youtu.be/Vwa9gxIlkpE?t=137
Unconfirmed and complete hearsay but being repeated more and more, apparently OneCoin minions believe that Zuckerberg’s Metaverse is a direct copy of the OnLife “Ecosystem”.
There is so much scope here for more conspiracy theories! Wait for the “it was stolen”, “it’s the same thing”, etc, etc.
I have a feeling we’re going to be hearing a lot more Xverse nonsense over the next year or so.
Probably going to be the next MLM crypto scam model after NFTs fizzle out.
When was the last time anyone set-up an MLM selling things people actually wanted and use? Tupperware, Avon, etc? Not NFTs, crypto that doesn’t exist, cheap leggings, mud – FFS, overpriced supplements and vitamins, fake Bots, and sometimes even nothing except membership
@ Delta
OneCoin and Facebook – a never-ending story …
https://behindmlm.com/companies/onecoin/konstantin-ignatov-pleads-not-guilty-to-onecoin-wire-fraud/#comment-411803
https://behindmlm.com/companies/onecoin/konstantin-arrested-criminal-charges-filed-against-ruja-ignatova/#comment-408605
capital.bg/biznes/finansi/2015/09/04/2603737_nashata_ideia_beshe_onecoin_da_stane_kato_facebook/
@Stevie – Were either of those MLMs originally? Avon Ladies came to your door to sell you cosmetics, not recruit you, i.e. it was single-level direct marketing in its heyday.
I know they later adopted an MLM model but that was a desperate cash grab as they slid into irrelevance.
Tupperware’s Brownie Wise essentially invented the hun MLM in 1950, 4 years after Tupperware was first brought to market.
She and the founder Earl Tupper never saw eye-to-eye and it’s very possible that Tupperware could have made more money if it had concentrated on selling airtight containers instead of throwing “Jubilees” for its most successful saleswomen.
I think you have answered your own question. Nobody who developed a genuinely innovative and valuable product today would sell it via MLM.
They would sell it the normal way and keep all the byzantine layers of commission and the admin cost that goes with it for themselves.
If a modern-day Brownie Lee went to a modern-day Earl Tupper and suggested they should sell their product via MLM, Tupper would tell her to bugger off.
Unlike in the 1950s, the flaws in the MLM model are now common knowledge.
This is the era of viral marketing, if you try to tell a genuine entrepreneur that they need MLM to spread awareness of their product across the globe you’ll be laughed out of the room.
@ Malthusian
It’s a shaded history that needs to be written.
I love Tupperware. I go out of my way to buy it. I associate Tupperware with those really warm parties in someone’s home as a very young child that my gran would bring me to
I have an aunt that has been only using Avon since the 70’s.
I also had a rescue dog that wouldn’t eat anything but the expensive Amway stuff. So I had to keep her alive by listening every month to the local Hun.
IOW, there is some real value somewhere here, even if it is just scented candles or overpriced lunchboxes.
Where it goes completely tits up is where there is no tangible product, like a OneCoin
Lost me there. No dog in the 100,000 year history of companionship with man has starved itself to death by refusing perfectly good food. There are plenty of premium dog food brands that use normal sales models.
But it’s your mutt and if it makes you happy to indulge its perceived preference for Amway its a free country.
The value of dog meat is subjective (double-subjective as its value depends on what the owner thinks the dog thinks).
If you’re happy with watching your dog chomp through Amway, what’s wrong with people who feel better if they pay through the nose for MLM vitamins? (If they’re doing it for general wellbeing and not to cure their cancer.)
People will always pay silly money for candles or lunchboxes. There will always be a market for “me-too” products using an MLM model.
What you won’t see is a genuinely innovative, superior and/or lower-cost product marketed via MLM.
If you had something that was any of those things you wouldn’t use MLM and lose most of your profits to byzantine layers of commission.
In any market most people will pay the going rate, a few people will overpay and a few people will negotiate a cut-price deal.
There will always be a handful of people who buy MLM products as a genuine retail purchase. Just not enough to sustain the lifestyles of an exponentially expanding salesforce. So anyone taking MLM seriously has to recruit.
@ Malthusian
Can we see some research for that?
She wasn’t a “mutt”. She was a highly strung pedigreed (read “inbred”) rescue Dalmation on heavy doses of anxiety medication who would only sleep in a certain position, on a certain blanket and in a certain place and eat in a certain part of the kitchen.
At some point she got the Amway stuff and after that she wouldn’t touch anything else. She would have starved herself.
Mental illness isn’t a joke. Humans starve themselves too. Why do you have to be so smug and judgmental?
You have to recruit. That’s how MLM works, granted.
Anyway, the dog would only eat the one Amyway brand. Nothing else.
Addition to comment #15
438 videos of the mentally ill Martin Mayer:
share-your-photo.com/5ce347c444
youtube.com/playlist?list=PLz6lBlCNUzw3iXiamh1hCFixTylcbVU2x
In 10 of these videos he mentions Facebook in the title.
@Stevie: Did you ever bring your dog to an Amway sales convention? They’d’ve loved her.
“My dog was on the verge of starvation but thanks to Amway Chum we now tour the country counting cards and teaching people the value of brotherly love.”
Dogs don’t starve themselves. They refuse to eat until their human gives in and placates them. Humans starve themselves but humans are the only animal that commits suicide. (Autothysis doesn’t count, e.g. bee stings.)
If you preferred to indulge your dog rather serve her something else until she caved then all power to you, I’m not questioning your parenting. All I’m saying is that Amway horse testicles are the same as any horse testicles.
Amway dog food does not possess any magical quality that makes it worthwhile for Amway to pay gigantic byzantine commissions to distribute it via MLM.
Extraordinary claims require extraordinary evidence and the onus is on you to provide reliable accounts of dogs that starved themselves for the sake of a fixation rather than eat perfectly good available food.
Dude, what is your problem?
I saved an anxious wreck of a dog.
I have never promoted Amway, I never would.
I hate MLM. I had other dogs at the same time as I did the Dalmation. The others ate anything. This particular Dalmation would only eat that food. I couldn’t bring her to an Amway convention or even around the block. She wouldn’t leave the property on most days.
If you know better than me, you must be a veterinarian. Please, again, provide any kind of evidence to back up what you have said about dogs.
Dogs stop eating in some situations. Again, I wonder what WTF we are doing talking about it on this forum and how you could possibly know that if you aren’t a vet or dog lover.
TL/DR I had a dog who was a nervous wreck. She was absolutely loved. She got Amway dogfood free oneday when a neighbour’s dog died. She wouldn’t afterwards eat anything else. I must be an MLM shill because my dog would not touch anything else.
Malthusian is a vet with a fixation on horse testicles and this apparently is funny.
I am not shilling Amway, and if I was, I wouldn’t be doing their dogfood
I don’t know why you’re interpreting “there is nothing special about Amway dog chow” and “dogs, like all non-human animals, will not and cannot starve themselves to death if food is available” as an attack on you or your bowwow.
If you took offense to the generic use of “mutt” as a slight on her pedigree I apologise unreservedly.
In 2019 Veselina Valkova published at least 19 so-called “Onecoin Exchange Platform Weekly Summaries”. In this video from June 2019 Martin Mayer seriously doubted that they were sent from Sofia. No letterhead, no stamp, no signature …
share-your-photo.com/35ba3bc07a
youtube.com/watch?v=XjS2QYUiaWI&list=PLz6lBlCNUzw3iXiamh1hCFixTylcbVU2x&index=202
Another topic was Facebook’s planned cryptocurrency. “For a year now, Facebook has been planning with a centralized blockchain. Because Facebook doesn’t have its own, it would be logical for Facebook to use the OneCoin blockchain.”
As in many other videos, Martin Mayer keeps talking about Dr. Ruja! “Dr. Ruja will do this, Dr. Ruja should do that” … – 21 months after she disappeared without a trace!
Why doesn’t he give this man’s name? I know the answer – because this man doesn’t exist. Just another lie from this moron from Liechtenstein and / or Switzerland.
PS: At the beginning of the video, Martin Mayer mentions the Austrian fraudster Peter J. Moser from Bad Ischl. He calls him his administrator.
share-your-photo.com/8585eb6e8f
@ Malthusian
Apology accepted. Thank you. This mad dog, as lovely as she was, would only eat that.
Can’t speak to dogs (my dogs eat anything) but can confirm cats will starve themselves until it’s not medically sustainable.
“I don’t like this food so I’m not eating. What’s that, my organs are in danger of shutting down? DON’T CARE, MOAR SLEEP!”
Addition to comment #24
Why did Oz never report that OneCoin had its own exchange? Did he go on vacation in September 2019?
In September 2019, dumbass Martin Mayer actually claimed that the OneCoin Exchange existed!
share-your-photo.com/454f67b5c8
Martin Mayer praises his beloved Dr. Ruja because she only charge low fees. 0.003 percent per transaction is very, very little. Literally he said:
youtube.com/watch?v=4FZKgO909wc&list=PLz6lBlCNUzw3iXiamh1hCFixTylcbVU2x&index=134
What’s next with OneCoin / OneLife / OneEcosystem? OneCoin preacher Cordel “KingJayms” James has a clear recommendation:
us9.campaign-archive.com/?u=cf9659fd672fe664d487e7e1b&id=3dd0408bc1 (Yesterday’s newsletter.)
Here’s a longer video of OneCoin’s new blockchain introduction released yesterday:
youtu.be/WBbPeZcdnFk
My understanding is, that they have taken the Ethereum codebase, modified it and created a private network blockchain based on the Ethereum codebase.
Here’s a blog article which talks how to do it, so you get the idea:
blog.ippon.tech/a-journey-into-blockchain-private-network-with-ethereum/
Here’s some of my quick notes about the new OneCoin blockchain and what it means for OneCoin:
-Finally after over 7 years, OneCoin has probably a blockchain which is used as a ledger. However, this doesn’t change much:
-A blockchain is just a type of ledger. OneCoin coin value is still imaginary. OneEcosystem sells packages which produce coins at less than 0.1 Euros per coin, but claims on the Portal that the coin value is at least 425 times higher at 42.5 Euros.
This is obviously a fraudulent and financially indefensible system, and the same still existing basic principle of OneCoin scheme which was constructed by Ruja Ignatova and Sebastian Greenwood in 2014.
The company doesn’t accept its own “money” but collects Euros and bitcoins as fee payments.
-If OneCoin can’t be exchanged for Euros, then it can’t be priced in Euros. The coin value on the OneEcosystem Portal is totally imaginary and fake.
-OneCoin’s version of “Token mining” is totally artificial concept which doesn’t exist in reality. The so called “free tokens” (which everybody pays for in reality) from packages are not used to mine any cryptocurrency coins.
An exchange of tokens to coins using a division calculation by a “difficulty factor” number is not something that can be called cryptocurrency mining. OneCoin’s “token mining”, token splits/multiplication and the imaginary euro value are the key points which make OneCoin fraudulent system now and in the future.
-As seen also in the video and on the wallet screen at 10:00, transactions take 3-4 hours to validate in the blockchain..
youtu.be/WBbPeZcdnFk?t=599
-New OneCoin blockchain’s consensus algorithm is said to be Proof of Authority, but there’s no reputable authorities who validate OneCoin transactions which is needed for PoA algorithm. Only OneCoin itself is validating itself..
-Members don’t have the private keys for their wallets. OneCoin Sofia has full control of all coins. That’s the old master-slave model which decentralized cryptos are supposed to solve, but OneCoin doesn’t solve it.
OneCoin is not a Peer 2 Peer system, as every operation needs the central servers to run it. Members don’t have the final control of their assets.
It’s very unlikely OneCoin will ever go public, as OneCoin real market value would be around zero due to massive Trillions of euros -level coin supply and almost no demand in comparison.
-There’s still no searchable block explorer for the members to verify that their transactions are part of the blockchain..
Another blockchain video that is not listed!
Obviously no one is supposed to find this video. I can understand that because the following scammers are shown in the video:
Cordel “KingJayms” James – Luca Miatton – Cristi Calina – Mihail Petrovic:
share-your-photo.com/0c51ead1dc
https://behindmlm.com/companies/onecoin/why-onecoins-konstantin-ignatov-travelled-to-the-us/#comment-445859
I think you hit the nail on the head there, Stevie. There’s a fine line between purebred and inbred, if indeed there is any line at all.
Friends of mine have a purebred Maltese that’s super-finicky about its food.
@Malthusian, Stevie:
I don’t know when Avon went from door-to-door to MLM, but it was in 2009 that they started their “sell the opportunity” push to rope in (and front load) more sales reps, starting with Super Bowl ads like this one (Super Bowl 43, 1 Feb, 2009):
NOLINK://youtu.be/giYQEanmX6M
It temporarily reversed their downward sales trend, but only temporarily. They tried to maintain investor interest by gushing over how much they had grown their sales force, but that didn’t work.
They tanked and were bought out by Brazilian MLM Natura, who crowed about the 6 million new sales reps they added to their already-bloated force.
Tupperware was in full-on hun mode by 1965, as documented in a half-hour recruitment film they produced called “The Wonderful World of Tupperware”:
NOLINK://youtu.be/kbPjGl0vii4
The first 20 minutes covers design, manufacturing, and shipping (I actually like that part), but at 21:30 it gets pretty cringe-y, with footage of local sales meetings and their national conference.
Not much has changed in 56 years, except the clothing and hair styles.
I know of one other big MLM that started out selling in department stores: Rodan + Fields. After some success with their infomercial-marketed acne treatment Proactiv, they branched out into make-up and skin care in 2002, selling in department stores.
A year later they sold to Esteé Lauder, but bought the name back in 2007. They pulled their line from department stores and re-launched as an MLM. By 2018 their company’s value was around $4 billion.
Make-up and (especially) nutritional supplements can be produced at low cost and marked WAY up under the pretense they’re somehow “premium.” That makes them popular MLM product choices.
Oz has documented several product-based MLMs with prices at least 2x that of competing products. I think it’s fair to say they’d never sell much without the attached income opportunity, which is the fundamental problem with the MLM model, IMHO.
Amway says:
…which is just another way of saying…
@ Amos_N_Andy
Thanks for that.
Giving Orlanda (the Dalmation) that dogfood I thought was free was a very costly mistake in the long run.
I also knew someone who who was never a member of Amway who would only use their brand of toothpaste at some way out of line price that me made wonder if she was sane. My dog was not sane.
Amway seems to have this thing of making its brands at least appear premium. Amway of course does no good to the majority of lives it touches. At least there is something you can touch.
In my comment # 24 I mentioned OneCoin scammer Peter J. Moser from Bad Ischl in Austria and uploaded the following photo:
Peter J. Moser has had this photo blocked. Why? We now know that this vile deceiver is also getting information here. I think we should all know what this cheater looks like:
share-your-photo.com/43de3065a4
share-your-photo.com/648b9872d0
He’s still promoting OneCoin and the crazy Martin Mayer on his YouTube channel:
share-your-photo.com/6a6adaf172
youtube.com/user/megaprodukte
Peter J. Moser also had own websites for OneCoin scams:
share-your-photo.com/9257b18d97
web.archive.org/web/20190113022421/http://www.megaprodukte.com/
He has currently removed all advertisements for OneCoin on his websites megaprodukte.com and moserp.wic.at.
Of course, Peter J. Moser also sold Ruja’s worthless educational packages. Here was a “special offer” for only 292,500 euros!
share-your-photo.com/e496343bb9
web.archive.org/web/20171005042951/http://moserp.wic.at/krypto/
An older comment on Peter J. Moser:
https://behindmlm.com/companies/onecoin/onecoin-will-not-go-public-on-october-8th-delayed-indefinitely-into-2019/#comment-431640
Peter J. Moser also had the photos of mine in this comment blocked. Unfortunately, locked photos cannot be uploaded again.
Since the website whitehatassetconsultants.com does not contain any legal information or contact details, I asked for this data using the contact form.
Here is the ridiculous answer from a free website (sg.crm.wix.com):
share-your-photo.com/e1a6ea763b
Why should I trust someone who doesn’t reveal their name? In addition, an IP address from wix.com is completely worthless.
share-your-photo.com/cbb43c334f
twitter.com/valkovavv
Video from November 23, 2021:
share-your-photo.com/0d90ba223f
youtube.com/watch?v=uZlwF-P9EqY
Valkova is probably already indicted. There are very good reasons why she was encouraged to travel along with Ignatov to the US.
After his arrest, she doubled down on the scam. Her blog is hilarious btw
Veselina Valkova announced her book, which will be published in November, in a video dated September 7, 2022:
share-your-photo.com/aa19afbb7f
youtube.com/watch?v=GQJyRCTTPYg
Veselina Valkova, the former partner of serial fraudster Habib Zahid, had an accident with her 12-year-old Nissan Note minivan.
Since September 3, 2023, she has been trying to sell the accident car for 1,200 euros including VAT:
share-your-photo.com/5ffd374753
The sale ad contains all personal data of her such as address in Sofia, phone number and email address:
share-your-photo.com/c1a620bb97
share-your-photo.com/55ab5c79cd
autoline.de/-/Verkauf/Minivan/Nissan/Note–23090319325128741100
Why doesn’t Veselina Valkova offer her crashed car on DealShaker?
Valkova got that advertisement down really quickly!
She and Habib Zahid split up? That’s a pity. They really, really deserved each other