Last weekend Igor Alberts fronted a DagCoin recruitment event in Tallinn, Estonia.

His marketing strategy?

Slamming the collapsed Ponzi scheme he stole millions of dollars through.

Despite BusinessForHome diligently celebrating Alberts purportedly still earning $2.4 million a month through the OneCoin as at December 31st, 2017, sometime over the past two weeks Alberts ditched OneCoin for DagCoin.

For those unfamiliar with the business, DagCoin is essentially a OneCoin clone with respect to its MLM offering.

DagCoin was launched by a former top European OneCoin investor after the company indefinitely suspended ROI withdrawals last January.

After a rambling introduction from fellow former OneCoin scammer Kari Wahlroos, Alberts scrambles onto stage in one of his trademark clownish jumpsuits.

His first point of business?

Addressing the painfully obvious elephant in the room:

[3:33] Being here today, being here this weekend is uh… it’s it’s exciting, and it’s a little bit weird as well.

You understand that?

Shortly ago we had a belief that we were basically changing the world, and we find out about an inconvenient truth.

And when you find out that you are doing something that is …

Alberts mic conveniently cuts out briefly at this point. When it kicks back in he doesn’t finish the thought.

Instead Alberts falls back on familiar territory, a folksy retelling of his history with MLM dating back thirty years.

Around a quarter of an hour later, Alberts revisits OneCoin.

[52:16] And then actually came an opportunity by where they talked about the future of payments.

Where they talked about changing the world. Making on this world a more honest and better place.

And actually that idea grabbed me.

And I started so much to believe in that idea, that I forgot to see the reality. That’s what actually happened.

[53:02] I was talking about my vision and how we change the world and how we do it, but I didn’t look carefully enough at the facts.

Till half a year ago I found out that my vision was correct, my mission was correct, what I wanted to achieve was correct… but I did it with the wrong vehicle.

I needed a plane or rocket for what I wanted (to do) and I was riding a bicycle.

Alberts goes on to compare OneCoin’s business model to the Titanic.

[53:44] Instead of the future of payments, I get more and more the idea that I was part of the next version of the Wizard of Lies.

[54:00] And then comes the point that you find out that what you think you can achieve is completely impossible, because you will never arrive in New York because you are on the Titanic.

The Titanic took a route that seems to be shorter but was impossible to go.

And the Titanic ended up between the icebergs. And the captain of the ship, they let it go on.

Even when it became the most dangerous period (of the trip), the captain of the ship went to sleep.

And that is actually what happened to Andrea and me in the company where we came from.

And then, at a certain moment we saw that the ship could not continue.

Yes it could continue but the icebergs were closing on. Worse off, the ship had already hit the icebergs and it was taking water.

Just so we’re clear, Alberts’ is equating the captain of the Titanic with Ruja Ignatova, founder and owner of OneCoin.

So when we found that out we searched for the captain of the ship, but the captain of the ship was completely gone. No captain anymore!

What happened to the captain?

Nobody knows. Till today nobody knows where is the captain.

And we tried to find the officers of the ship but there were no officers. No CEO, no CTO, no nothing.

And of course we were shocked, because we were so much in this hyper bubble – and then comes that moment that you feel like shit.

That you say, “No, it cannot be! Cannot be!”

We have 337,000 people in our team and we leaded them all, we lifted them all on this giant ship the Titanic. And we sailed into nothing.

[1:13:01] Yes, it was wrong. I leaded all of you the wrong way, ladies and gentlemen.

I made possibly the biggest mistake of my life.

Alberts claims his bodyguard and house-minder, both of which he cites as “best friends”, took out loans against their houses, on Alberts’ advice, to invest in OneCoin.

Alberts gave this advice, knowing full well OneCoin wasn’t what it was projecting itself to be.

[1:05:20] Like me, (OneCoin investors) have no clue what they’re talking about.

Somebody said this is the blockchain so I write it down.

Then (a friend) started to explain to me about portfolios. And wow, then I talked to another guy who knows that too. And explained it too.

And then, after three years in this industry, two weeks ago for the first time I understand what is the blockchain.

And then they said, “Do you think the other company has that?”

I said, “For sure not. That’s not what they have. No, no.”

He said, “You need a lot of technicians to build that”.

I said, “There’s no technicians, they just have it (a blockchain)”.

He said, “No, we have over fifty, fifty-six, fifty-seven people. They are working on the technique”.

I said, “No. The other company has not even fifty people for them.”

He said, “Yeah but it’s a multi-national”.

“Yeah but it’s a network marketing company, you don’t need all these.”

He said, “Do you, did you ever met the Chief Technical Officer?”

(I said,) “They don’t need that. They don’t have that.”

Can you see how you can be in a bubble? How 3.3 million people can be in a bubble?

“Do they have a CMO?”

I said, “No, they don’t have a CMO. They fired almost everybody that they had.”

(He said,) “Did they ever have somebody like that?”

“No, they don’t need. It’s a network marketing organization. They don’t need them.”

(He said,) “Did you ever saw a department where people were working?”

Yes I was in the offices. There were ladies counting the money.

There were a lot of ladies counting the money, because in Bulgaria came in every day, millions and millions – so there were girls counting the money. That’s important.

So they (OneCoin) have a lot of people, counting the money.

(He said,) “Yeah but do they have people who try to call them, for customer support?

But that never worked out, because we figured out they have only one girl for the entire world.

Alberts appeals for sympathy by sharing his own alleged personal OneCoin losses.

[56:18] I have young children. I have eleven children.

Most of them, eight of them, are younger than fifteen years old.

My children put their savings money into (OneCoin) accounts so they would get coins.

Because their father told them, me, that it would be very good.

Because I believed, and now I find out that that belief was based on actually nothing.

Alberts laments that “after thirty years in the industry, that the last thing I did is a catastrophe”.

[1:08:57] I am the number one income earner in the world.

Till today, because last week we still received the money.

Not that we did something with it, it’s still on the account… but we received it.

Tomorrow is Monday. I think the moment that office opens, they are going to erase all my five hundred plus positions.

Okay and I own approximately eighty-six million coins. I think tommorow ten o’clock … I think we own zero any more.

At this point I have to call time-out.

After buttering up his audience with a lengthy story of entrepreneurial struggle, Alberts retelling of his time at OneCoin paints him as a victim.

This is complete and utter nonsense.

Onecoin didn’t become a scam over night, it was a calculated launch modeled on an already collapsed Ponzi scheme from day 1.

Alberts signed on with OneCoin shortly after Kari Wahlroos jumped on board in late 2015.

Over the next two years OneCoin’s Ponzi points business model didn’t change once. Alberts relentlessly recruited investors into OneCoin and ultimately profited handsomely from their financial misery.

Eventually Alberts efforts would lead Ted Nuyten to reward him with a top MLM income earner position on BusinessForHome.

The reality of OneCoin’s demise however is that there was no “awakening from the Titanic” as Alberts portrays. All that happened was Ignatova and her backers disappeared with invested funds, as was planned all along.

This is how Ponzi schemes work. There’s nothing to be surprised or shocked about.

It’s a bitter pill that OneCoin investors are going to have to come to terms with when the latest October 8th “we’re going to go public” deadline comes and goes.

With over two decades experience in MLM, you think Igor Alberts didn’t recognize what OneCoin was when he signed on?

Alberts saw an opportunity to make money recruiting, and that’s exactly what he did.

Now the people he directly stole from are expected to cough up even more money and follow him once again into DagCoin.

Same “future of money” Ponzi scam, different paint job.

For his part and other than lamenting over his own alleged losses and tainted legacy, Alberts shows no remorse for his victims.

[57:58] Is (OneCoin) a scam? Possibly. Maybe.

Maybe they are able to mange but I don’t believe in it anymore because it has too many things.

Again, OneCoin hasn’t changed since it launched in late 2014.

Alberts was content promoting OneCoin for one and a half years. He only decided to start asking questions in late 2017, after affiliate recruitment (and his income) tanked.

[58:12] Whatever I asked (about OneCoin) I could not find an answer.

And that was exactly the moment that Kari said to me, “Igor, are you sure that you are doing well?”

I said, “Kari, honestly I don’t know. I think I made… I think I’m in the wrong way”.

And then he explained (to) me something that is called DagCoin.

And so here we are again. DagCoin has been limping along in OneCoin’s shadow since it popped up in mid 2017.

It is now being promoted by Igor Alberts and a large percentage of former OneCoin affiliates (none of whom apparently have any shame), as a vehicle to recover OneCoin losses through.

This is based on nothing more than them getting in early, as opposed to being the people they hope to steal from who join later throughout 2018.

What’s particularly shameful is each and every one of these people know what it’s like to lose money in a Ponzi scheme.

Yet we now have a sea of OneCoin victims who have no qualms about positioning themselves to profit off the financial ruin of those they convince to invest in DagCoin.

Just like that, those scammed turn into scammers themselves.

While it’s easy to see DagCoin as another attempt at cryptocurrency after OneCoin, the truth of the matter is it’s not cryptocurrency Alberts and those like him are attracted to.

[58:35] The first (thing I did), I asked a friend of mine.

I said, “Do you know about DagCoin?

Do you know what he said to me?

I’ll be honest with you, he said, “I have no clue but “dag” means shitty wool from sheep”.

So, I said, “Kari, why is this name?”

He said, “Igor it’s not that it’s DHG”. [sic]

Direct… oh I get into trouble… (someone prompts him offstage) Acyclic Graph. You see how technic I am?

To further drive home a point, after two years of promoting OneCoin investment cryptocurrency education, this is Alberts’ level of cryptocurrency literacy;

[1:04:32] And the Chris asked me about the blockchain.

“Do you know what is a blockchain?, he wondered.

I said, “Maaaan, comeon blockchain. What is that bullshit?”

What Igor Alberts is attracted to is the prospect of easy money, by convincing others to invest in flawed financial dreams.

That’s how Alberts made millions in OneCoin, and again how he hopes to replicate financial success in DagCoin.

The sooner those who blindly follow “leaders” from one scam to another realize this, the better off financially they’ll be.


Update 30th March 2020 – Since publication of this article, the YouTube video referenced in it has been set to private.