OneLink Review: Simon Le’s OneCoin Ponzi points clone
OneLink provides no information on its website about who owns or runs the company.
OneLink’s website domain (“onelinknetwork.com”) was privately registered on March 5th, 2020.
For those following the OneCoin Ponzi saga, it’s an open secret that former OneLife “Captain” Simon Le is behind OneLink.
You can find Le on YouTube hosting OneLink marketing presentations:
Simon Le (actual name Le Quoc-Hung) is believed to have joined OneCoin at or around the company’s launch.
Le is primarily responsible for recruitment of OneCoin victims in Vietnam.
During OneCoin’s run Le was a prominent top earner in the company. After CEO Konstantin Ignatov’s arrest early last year, OneCoin all but came to a grinding halt.
What was left of OneCoin promoted Le to Captain of OneLife on or around December 2019.
Throughout December 2019, Le continued to solicit investment into OneCoin:
Although OneLink’s website domain wasn’t registered till March 2020, Le had to have begun planning his new business while still at OneCoin.
Le resigned as OneLife’s Captain in early April, roughly a month after he registered OneLink’s website domain.
Over the course of his six years promoting the Ponzi scheme, how much Le stole from OneCoin victims is unknown.
Le is believed to be hiding out in either Vietnam or Dubai, neither of which have an extradition treaty with the US.
Read on for a full review of OneLink’s MLM opportunity.
OneLink has no retailable products or services, with affiliates only able to market OneLink affiliate membership itself.
OneLink’s Compensation Plan
OneLink affiliates invest the tether cryptocurrency (USDT) in OLX points:
- OS100 – invest $100 in USDT and receive 250 OLX
- OS500 – invest $500 in USDT and receive 1375 OLX
- OS1000 – invest $1000 in USDT and receive 2875 OLX
- OS3000 – invest $3000 in USDT and receive 9000 OLX
- OS5000 – invest $5000 in USDT and receive 15,625 OLX
Commissions are paid when they recruit others who do the same.
OneLink Affiliate Ranks
There are seven affiliate ranks within OneLink network’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Silver – generate $7000 in total downline investment
- Gold – generate $10,000 in accumulated weaker binary team leg investment, $40,000 in total downline investment and have two Silver ranked affiliates in your downline
- Platinum – invest in a OS5000 package, generate $40,000 in accumulated weaker binary team leg investment, $80,000 in total downline investment and have three Gold ranked affiliates in your downline
- Diamond – generate $80,000 in accumulated weaker binary team leg investment, $200,000 in total downline investment and have three Platinum ranked affiliates in your downline
- Blue Diamond – generate $200,000 in accumulated weaker binary team leg investment, $500,000 in total downline investment and have four Diamond ranked affiliates in your downline
- Black Diamond – generate $500,000 in accumulated weaker binary team leg investment, $1,500,000 in total downline investment and have five Blue Diamond ranked affiliates in your downline
- Crown Diamond – generate $1,500,000 in accumulated weaker binary team leg investment, $8,000,000 in total downline investment and have six Black Diamond ranked affiliates in your downline
OneLink affiliates receive 10% of funds invested by personally recruited affiliates.
OneLink pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day OneLink tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of funds generated on their weaker binary team side.
Once paid out on, volume is matched on the stronger binary team side and flushed. Any leftover volume on the stronger side is carried over.
OneLink pays a Matching Bonus on residual commissions earned by downline affiliates.
The Matching Bonus is paid out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
OneLink caps payable unilevel team levels at eight.
How many levels an affiliate earns the Matching Bonus on is determined by how much they’ve invested:
- OS500 tier affiliates earn a 10% match on level 1 (personally recruited affiliates)
- OS1000 tier affiliates earn a 10% match on level 1 and 5% on levels 2 and 3
- OS3000 tier affiliates earn a 10% match on level 1 and 5% on levels 2 to 5
- OS5000 tier affiliates earn a 10% match on level 1 and 5% on levels 2 to 8
Rank Achievement Bonus
OneLink affiliates receive the following Rank Achievement Bonuses:
- qualify as a Gold and receive $600
- qualify as a Platinum and receive $650
- qualify as a Diamond and receive a “Diamond Trip”
- qualify as a Blue Diamond and receive a Rolex watch
- qualify as a Black Diamond and receive a gold Rolex watch
- qualify as a Crown Diamond and receive a “special reward”
OneLink affiliate membership costs $40 in USDT and an initial $100 to $5000 USDT.
There is a free membership option available however this has nothing to do with the MLM opportunity.
Simon Le got into OneCoin back in 2014, pretty close to launch.
Like the rest of the OneCoin scammers who’ve jumped ship, Le made most of his money recruiting victims during 2014 to 2017.
In January 2017 the Ponzi backend of OneCoin collapsed. Pyramid recruitment continued but without Ponzi returns was a fraction of OneCoin’s 2014-2017 era.
OneLink is essentially Simon Le trying to recapture OneCoin’s heyday, with him at the helm instead of Ruja Ignatova.
Ignatova went into hiding in late 2017 and is believed to have fled with 500 million euros of stolen OneCoin investor funds.
Whatever Le managed to steal through pyramid recruitment and ROI withdrawals during his time at OneCoin, is unlikely to come anywhere close to that.
And so here we are.
To really drive home OneLink being a Ponzi clone, here are the Ponzi component equivalents:
- One Academy (OneCoin’s education package nonsense) –> OneLink’s OneSchool
- DealShaker (OneCoin’s Ponzi points ecommerce platform) –> OneLink’s OneMall
- OneForex (OneCoin’s failed forex trading platform) –> OneLink’s OneTrading
- One World Foundation (OneCoin’s charity scheme) –> OneLink’s OneLove
It seems Le is expanding the Ponzi stable with OneEntertainment, which apparently provides “a new world of media”. Whatever that means.
Oh and if you’re one of Le’s OneCoin victims, he’s got a secret “exclusive program” to pitch you on:
If I’m reading that chart right, OneCoin victims can apply to receive up to 24,375 OLX points per OneLife account they had. Just hand over more money to Le.
Had OneLink of been anything but a OneCoin clone, I’d go into more detail. But you already know how this ends.
Simon Le makes even more money. Victims that follow him from one Ponzi scheme to another also lose more money.
And at the end of the day, the rest of us watch on and wonder how gullible morons continue to fall for this garbage.
Even though it was blatantly obvious OneCoin was a Ponzi scheme back in 2014, I can give you a pass for falling for the hype in its first few years.
But six years on… really?
To date the US hasn’t gone after top promoter earners in OneCoin. By launching his own Ponzi clone though, Le elevates himself to an executive insider.
Unfortunately be it Dubai, Vietnam or some other hidey-hole, don’t count on authorities outside the US doing anything.
That’s both before you invest and after you’ve lost money in OneLink. You’re on your own.