Chinese authorities investigating OneCoin, investors arrested
In early March OneCoin announced a “Grand Ceremony” in Harbin, China.
OneCoin Founder and co-owner Ruja Ignatova was to attend the April 23rd event.
Since the initial March 8th promotional announcement, neither OneCoin or its management has made any reference to the Harbin event.
April 23rd has come and gone, with there being no record of the planned Grand Ceremony taking place.
About a week before the event, information from BehindMLM reader Leo Wang suggested authorities had something to do with the Harbin event being cancelled.
BehindMLM can now confirm Chinese authorities are indeed investigating OneCoin.
Several investors have been arrested, over $30 million USD has been seized and police are warning the public against investing in the scheme.
When Chinese authorities began investigating OneCoin, known in China as “维卡币”, is unclear. What we do know however is that a Guandong police investigation lead to a raid on a OneCoin promotional event on March 16th.
Three top Chinese OneCoin investors holding the event were arrested and assets totaling 200 million RMB ($30.8 million USD) have been seized.
Authorities investigating OneCoin estimate some 600 million RMB ($92.4 million USD) has been invested by thousands of OneCoin affiliates in Guangdong, Shandong, Liaoning, Sichuan, Henan, Hebei, Heilongjiang, Hunan and “other places”.
On April 24th the Provincial Public Security Economic Crime Investigation held a public-awareness event.
The event was specifically aimed at raising awareness of “new types” of Ponzi fraud, including the cryptocurrency Ponzi points model OneCoin uses.
Director Huang Shou accused companies like OneCoin, who he said engage in “illegal fund-raising activities”, of “targeting the elderly”.
One method Chinese OneCoin investors used to promote the scheme was to claim China Business Network television presenter “江予菲” had endorsed the scheme (hat tip to Leo Wong again for the tip-off).
Two days ago YiCai News issued a press-release denying the claims.
As per an April 19th letter signed by 江予菲;
- The reporter 江予菲 is not involved in any way with OneCoin.
- Anyone using her likeness to promote OneCoin is doing so falsely and illegally (as per Chinese law)
- YiCai will continue to investigate the matter and hold the OneCoin investors legally responsible for disseminating false information.
- Anyone who continues to use 江予菲’s name to promote OneCoin will have legal action taken against them.
YiCai are a part of China Business Network and are, according to their website,
China’s largest financial content provider.
Its flagship products include CBN Digital Media (mobile applications, websites, and subscription-based social media platforms), CBN Television, CBN Daily Newspaper, CBNWeekly, CBN News Agency, CBN Data and CBN Research Institute.
At the time of publication there has been no clarification from OneCoin as to why the scheduled April 23rd Harbin event did not go ahead as planned.
The arrest of investors and seizure of over $30 million dollars in late March would certainly explain it.
And if promotion of OneCoin has ground to a halt upon news the scheme is being investigated and arrests made, perhaps also why OneCoin investors worldwide are having problems withdrawing funds out of the scheme.
Update 26th May 2016 – A news report from ZSBTV has revealed the amount seized by Chinese authorities has risen to $45.7 million USD.
somebody please publish those news to media and reddit please.
This will help a lots of people. This is one of the greatest hit against onecoin, because 50% of investors are from China, with almost unlimited easy money pouring in.
The longer this scheme lasts, the more people will suffer when it crashes, the more families and relationships will be destroyed.
This is some of the best news thus far in the pursuit to shut this total scam down. Next I hope the likes of Rune F get busted for their involvement!
lets see if ted nuyten [official paid brown noser of rujamama and onecoin] reports this important news of the chinese crackdown on onecoin.
i’m betting on NO!
lets see how much Whoot power ken labine puts behind this news.
i’m betting on a Long Video about how china just got onecoin WRONG!
Great News to bad Sebastian, Juha and Ruja wasn’t the people arrested though.
Labine just posted his response: youtube.com/watch?v=CKAsGRqGrWU
We need some more clarity and confirmation on this, please.
Could you include somewhere in this article that 维卡币=Wéi kâ=vicat=onecoin. IF that is in fact the case.
Because the people in the OC cult will just look at the reference article (the translated version) and it will say basically just that “vicat is a scam” even though vicat is just the translated version of onecoin.
And it would also be great if people visiting the translated article tried to correct/suggest a better translation for the word (so correct it to “onecoin”).
I guess Mr. Labine doesn’t understand, or want to acknowledge, that Vicat = Onecoin in Chinese translation, as evidenced by their own (google translated) website: onecoin.in/2014/12/17/netease-news-onecoin-vicat-currency-wealth-storms-rival/
Repressive, backward China protects their citizenry from exploitation by this criminal organisation. Next month progressive, democratic London welcomes it with open arms.
Everyone sane knows that Google Translate is very inaccurate translation tool but that doesn’t stop Ponzi Pimp Labine from accusing Oz for spreading, what Labine thinks or want others to think, is “false” information.
LOL why waste your time? Someone noticed the explanation previous the link?
维卡币 = “OneCoin, known in China as “维卡币”, is unclear.” are you still going to waist your time? 🙂
I didn’t use Google Translate on this one guys, it was too important. When it comes to Chinese, the Google Translate version is not the “English version”.
Anyone can punch 维卡币 into Google and see what comes up (the official OneCoin website is the third result). Or just ask a Chinese-speaker to verify it, that’s what I did.
USFIA had a different name in Chinese, uFun Club had a different name in Thai, it’s how the Asian languages work. You can’t expect an automated translate service to recognize the localized name of a Ponzi scheme. Instead they’ll convert it to phonetics and give you a literal translation, which 99.9% of the time is inaccurate.
The first article covers two schemes, the first is some other Ponzi but the second is OneCoin (Google Translate incorrectly translates OneCoin points into “vicat credits”).
You can verify the news by punching 维卡币 into Google News and reading the multiple recent news articles published on or around April 24th and 25th covering the Guangdong public-awareness event and OneCoin arrests.
OneCoin investors could go one step further and ask the company for clarification. But looking at how they swept the Harbin event under the rug, don’t expect any (honest) answers.
It’s not easy covering MLM news from around the world but I don’t do it because it’s easy. Anyone who was here during the TelexFree bust knows I worked my ass off on all the Portuguese news we were getting out Brazil (with a lot of help from others).
I hate trying to use Google translate for this kind of stuff 🙂
Perhaps deliberately, or perhaps not, Ken apparently fails to realize that the first article he comments on is actually discussing more than one scam.
He conveniently stops talking just before the article goes into what is allegedly about OneCoin. aka the “Vicat money” project. If he’d have looked another inch down his screen, he would have seen mention of a Tycoon level.
As for the second part of his rebuttal, Oz’s posted interpretation of the 4 bulletin points don’t match exactly with the horrible translation attempts by Google, but I’d pretty much have the same interpretation when trying to translate the translation.
I suspected “Vicat” was the un-translatable word for that. I just didn’t want to be the first to say.
@tmfp Thank you for the link.
I’m sure Kan Le’Beans will be sure to notate this correction in his video for his down-line any moment (so long as it doesn’t cost him his Paris/ London trip).
Correct. I didn’t include it in the article but it states that the arrested investors were interrogated and explained to authorities OneCoin’s business model.
They briefly go into the investment ROIs and affiliate packages. I didn’t include that specific information because it was common-knowledge.
This article actually addresses the name discrepancy if you auto-translate it (can’t comment on the auto-translate accuracy of the rest of the article, just the sentence from the first paragraph):
lol i guess people are too ignorant to care about bitcoins or other crypto coins.
What’s that supposed to mean, Roger?
FWIW, YiCai is an pinyin of a Chinese abbreviation. 😀 In Chinese it’s written as 一財, which is short for 第一財經, which doesn’t translate directly (lit: “First Business Bible”) but it’s the flagship property of the “China Business Network Media Group”.
And here’s the OTHER interesting bit of news… In English, no less “China calls for crackdown on all illegal fundraising platforms”. It includes peer-to-peer lending and any sort of illegal investment… which would obviously include OneCoin.
I live in China, I am Onecoin China team, I am here confirm u:
维卡币 = Onecoin = Vicat (Pronounced)
e.g. Octacoin = 馬克币 = Markcoin (Pronounced)
Informations that Behind MLM stated above is 100% TRUTH!
Oh, and in case Labine can read English…
OneCoin is accused of running an illegal ponzi scheme in China
Try denying that, Kenny boy.
Markus appers to be a major promoter of OneCoin too. On his Facebook page, he posted this reply after Ken “egg-on-his-face” Labine posted his rebuttal to this post by Oz.
This post caused Ken, our favorite Ponzi Pumper, to suddenly go silent.
Ken, you want bacon with those eggs?
It just happened again!
Ken “egg-on-his-face” Labine is not going to sleep well tonight.
He published his rebuttal video on another Facebook page and after dozens of Pro-OneCoin posts, somebody finally posted the actual translation and offered this comment, “Onecoin in Chinese is translated as Vicat Credits. So Ken’s video doesn’t make any sense now.”
China was not a small territory for OneCoin. In fact, they appear to be the largest market with more than 480,000 investors! The news of the arrests will move quickly through the ranks and it will soon be virtually impossible to convince others to invest in OneCoin.
With this news, there will be no reason for the main players to risk arrest in London, in my opinion.
Will this be the end for Ken? Will he finally see the flaws in the OneCoin model and come clean on his Facebook page? Will he admit that Oz and the BehindMLM community were right all along?
Or, will he continue the fight, like the Black Knight?
The video below recorded the fight between Oz and Ken Labine earlier:
After the fight, Ken was quoted as saying, “It’s only a flesh wound. Let’s call it a draw.”
Ken was last seen at grocery store in the dairy section. Eggs anyone?
yeah, london and the UK seem pretty conducive to pyramid/ponzi schemes.
myadvertisingpays [MAPS] a blatant ponzi/pyramid scheme is chugging along just fine in the UK inspite of the press [The Mirror] reporting on it.
similarly onecoin keeps holding recruitment events in london inspite of a detailed article in The Mirror calling it out as a ponzi/pyramid.
ruja ignatova feels safe enough in london to hold the onecoin 2nd anniversary celebrations there on june 11, 2016.
so, who’s asleep at the wheel in the UK?
GREAT WORK, EVERYONE! GREAT LINKS! GREAT INVESTIGATIVE PROOF!
Just to add another very clear “Vicat = Onecoin” Link from China that further solidifies the meaning and is plastered with BOTH, I found this diddy: weikabi.org/
It is a fancy-shmancy Onecoin promo site with many articles (and/ or ads for OC?) and flashy Onecoin graffics which ALL say BOTH “Vicat” and “Onecoin” (with logo’s and artwork, etc., equally, throughout the entire pages/ links).
BTW: Our l’il Kan Le’ Beans has been a busy bee, pimping overtime today, busting out THREE separate YouTube propaganda pieces in a single day, pushing ponzi crypto-crack in final desperation, perhaps!
1.) Ken Labine uploaded a video 9 hours ago (3:17)
ONECOIN TEAM TRAINING – HOW TO CREATE 3 WAY CONVERSATION IN FB
– by Ken Labine
2.) Ken Labine uploaded a video 11 hours ago (4:56)
QUICK TRAINING TIP TO BUILD YOUR TEAM 🙂 – by Ken Labine
3.) Ken Labine uploaded a video 13 hours ago (11:31)
Chinese authorities investigating OneCoin, investors arrested? TRUE/FALSE? – by Ken Labine
“Smile now, cry later” – I guess?
He doesn’t seem to get that later” has already begun.
I reached out to him, Richard Marks and Joby today. Maybe I’ll throw out a few “pings” around tomorrow (as I’ve just been busy doing honest work).
Strangely, there was a sense of quiet – ironically similar to being located within the very eye of a hurricane, I believe.
NOTE: The site I linked above says “Onecoin 29 times, and “Vicat” 79 times (interchangeably).
with bad news steadily growing around onecoin for the past several months, [bank woes/withdrawal woes/investigation woes] you know that people Know they have been had, when they turn to sarcasm and humor for respite.
i dont remember seeing open disdain for onecoin a few months back, or maybe their admin staff has gotten sluggish, but comments like these are more frequently showing up on onecoins official FB page:
I am so glad the super pimp, Ken Labine is plastering his pimping videos all over the internet. This will be nough proof for the authorities!
Hahaha Onecoin now accepts bitcoin as a payment process. Like Ruja mama say “Trying to be the number 1 Cryptic currency” Then later support for fierce competitor?
Does not sound too convincing, Now shites gone bunkers.
O the slippery snake rujamama ignatova!
her statement in ted nuytens businessforhome article, does not address the china arrests at all, and is just a roundabout weaseling response;
yeah, goodluck getting those licenses in china, rujamama doll!
and what, she’s moved the habrin china event to macau, of her own volition, and not due to the arrests?
macau is a special administrative region of china with its own policing and legal system, so we can see why ruja’s taking her fat ass there.
ted nuyten is really Really burning the midnight oil for his darling mama. he cannot rest, till he carries out his ‘paid’ missions to her majesty’s full satisfaction. it’s like he’s playing ‘fetch ball’ or something. maybe rujamama will give him an Aurum Gold collar. yes??
on the other hand, the urgency with which ruja and onecoin have issued their china ‘clarification’ through their trusted mouthpiece, ted nuyten of business for home, shows that they are quaking in their boots about the china implications for their ponzi business.
not a word had been said about the cancellation of the habrin china event for so long. but oz made the china onecoin arrests public knowledge, and whoooosh came the speedy ‘rebuttal’!
Ted Nuyten won’t even reference BehindMLM by name now? God he can be childish.
And comments are once again disabled. I wonder if that was part of the paid content contract between him and OneCoin…
Meanwhile the BTC announcement appears to be a distraction from the lack of merchants. 30% of OneCoins have been generated so where are they again?
That’s why I am laughing since yesterday when I watched that trash video. It’s like any other scam video. mi mi mi plus blah blah blah.
This is his “clever” mind working lol. I wonder if he is going to make another crappy video or come here to assume he is too low to say whatever no one wants to hear. (lock comments, ah, for thishe is clever or stupid clown doing show off)
No comment section on the ruja-ignatova-china statement page?
There is on all other posts.. Makes you wonder hm? 🙂
when i checked in the early evening, there were [around] 9 comments under nuytens article.
a few onecoin supporters, and a few people having a good laugh over the ‘grammar’ of the article and calling onecoin a ponzi scam.
so, i guess nuyten got all upset and disabled the comments. after all, he’s not being paid to hurt rujamama’s feelings, is he.
Anyone else seen Ken ‘the moron’ labine’s latest post? He has shared an article that shows onecon opening up a brand new office that can hold up to 150 employees!
No details about where this is, but I’m sure someone on here or maybe Tara talks, can do some digging and get to the bottom of this latest pile of crap! Just to add another nail in the coffin of this rapidly failing ponzi
I worked at OneCoin last summer and can assure you that China was their main resource of money (maybe 90% of all members were Chinese).
I am quite sure the situation right now is the same. Couldn’t realize back then what a scheme this is.
So if they hit China, OneCoin is simply gone. It’s just a matter of time and it has always been ever since I found out what they are.
Old news. Onecoin has been bragging about the new building for at least couple of weeks.
The building sure does not look comfortable for 150 employees. I checked it out in Google maps and it looks rather small for such a large amount of people.
Are they really paying monthly salaries for 150 or more employees? That’s not doing good for a ponzi pyramid.
well…finally…something happening in China. I was surprised when Ruja was thinking of showing off there. The interesting thing now what will happen in London…Mega Event? Mega suicide event for Onecoin maybe. The English press won’t be nice, as Mirror confirmed already.
China is a big unknown for me. I can really confirm that Onecoin is existing in Sweden, Finland…but i China? 575.000?
I’m suspecting that Onecoin in China for Ruja is money laundering machine.
I will update the stats today. In a week or so we’ll know if the number of new accounts in China can confirm this happening.
(manipualation of the numbers can though not be excluded for sure)
I have spent a lot of time recently spreading the truth about Onecoin (and, of course, pissing off the ponzi pimps) following Kan Le’Beans fillibustering of me on his 4 1/2 hour “opening” tirade (we hasd agreed upon a “DEBATE” – but I was never even allowed entry or to speak one word).
Following our LIVE appointment (which I even promoted), I have sent LITERALLY HUNDREDS of messages, comments, posts, etc., on Onecoin Leaders, founders, pimpers, groups, and communities, throughout FB, blogs, stories, adverts, promo’s, Skype, YouTube and other social media. Hundreds. Particularly in Asia, following this story.
I have been reflecting on both the cowardice of Kan Le’Beans, as well as audacity and lunacy of his Grand Wizard Ruja and Team, who have been bashing MY industry and community for the past 19 months, but with absolutely no basis.
Are Onecoiners “insulted” that we are fighting them with the truth?? Guess what! I AM OFFENDED!
Bitcoin and the cryptocurrency space has literally some of the best computer scientists, groups, schools and academics, technologists, innovators, security specialists, developers and cryptographers in the entire world working on these protocols. ALL PROVABLE AND PROVENADVANCEMENTS IN THIS TECH!
Onecoin has named ZERO of their developers, ZERO of their alleged technology, ZERO of their security, ZERO anything; but have, conversely, claimed superiority while riding on publicity of FAKE magazine covers, FAKE bank acquisition announcements, a FAKE “Exchange,” FAKE experience and history, a FAKE IQ, and FAKE EVERYTHING ELSE!
So, if ANYONE should be insulted and angry (besides the upside down investors), it is the cryptocurrency community at large and those who are busting their asses leading one of the most disruptive fields in modern history.
So, to Ruja, Ken, Juha, Sebastien, etc…. FUCK YOU! (on behalf of the entire cryptocurrency community and industry!)
Just to make things complete, here’s the blurb about Guangzhou police arrested 3 OneCoin perps there.
The title of the article is 廣東警方3個月破非法集資案60起 涉案金額超百億 translates as “Guangdong Police broke up over 60 illegal fundraising activities in 3 months, involving ten billion RMB (1.5 billion USD)
For brevity, I’m just translating the blurb involving OneCoin, as other scams were mentioned.
On March 16, ZhongShan City’s Public Security Bureau Eastern District, with a concerned citizen’s tip, successfully broke up the “OneCoin” pyramid selling scheme, and arrested Mr. Liao and 2 other individuals as suspects.
Investigation shows, this group’s members, promoted investments into “OneCoin” can be massively profitable. It established 8 ranks (NOTE: the rank translations from rookie to apex)
By developing downlines (recruit) one can get referral bonus, matching bonus, (untranslatable) bonus, and so on, utilized recruiting pyramid selling methods to sell “OneCoin” codes and register OneCoin members to massively develope downlines to join up.
The crime has thousands of victims across Guangdong, Shangdong, Liaoning, Szechuan, Henan, Hebei, Heilongjiang, Hunan, etc. Up to 600 million USD are involved. The money gathered had been spent on luxuries as well as buying office and financial products.
hey tim tayshun, if you are from the cryptocurrency world, i request you to write a note on Why onecoin is Not genuine cryptocurrency.
if you could frame your explanation in a simple ‘point wise’ layout, in layman’s language, readers may appreciate the information!
a lot of onecoin investors genuinely believe that onecoin is a cryptocurrency which will make them a fortune. this core belief needs to be challenged with factual information about real cryptocurrency, presented in a simple understandable format.
Are they really paying monthly salaries for 150 or more employees? That’s not doing good for a ponzi pyramid.
No, they aren’t! These “150 employees” is something Ruja was talking about last summer… it’s not true, the staff is around 30 people.
@anjali – great point. I will try to put some bullet points together on the newest thread, “Does Ruja Even Know Cryptocurrency,” which is already off to a great start! 🙂
Someone please cache this page:
At least one Onecoin leader/ group in China is beginning to take notice and perhaps see through the fog.
This is good news. She does not want to involve himself with a clear scandal and Ponzi scam, it seems
Archive dot IS caches facebook.
Here you go:
RE: Here you go:
WOW!! It’s getting HOT in their!! And the moderator for the page, Angelina seems to be taking this VERY SERIOUS!
I don’t think this page is going down anytime soon! THIS IS A GREAT DEVELOPMENT, POTENTIALLY!
Great job Oz and anyone else who has contributed to date!
(I hate when I re-read and see grammatical errors I made [ there/ their/ they’re] haha – uncommon, but it happens when fingers fly sometimes)
Again a long article in Switzerland about OC:
Such Ponzi, much scam.
Haha, Were does greed and decite leads? This will the stand to be the greatest scam for long!
Regarding Onecoin’s reliance on China, I saw this breakdown of their membership country by country on FB.
Although I don’t believe a word they say something tells me that, although the figures are fake, the proportions are probably not far off.
I am new member OC. I do feel doubt about this network business.. I am still waiting , watching bout this scheme..
Can you try to find out the venue location for the June London Event??
I read this and you guys are all stupid, I make a lot of money with onecoin… how?
ppl that are above me are putting people under me.. ( and best of all I still got my coins none of those sold- bcs I wait for bigger price) end of 2016-> 20$ min per coin..
you will all see..cryptocurencies and MLM is the best thing that can happen.
So you’re getting passive recruitment commissions and holding onto your points in the hope there’s magically funds to pay you $20 per point at the end of the year.
Yeah no worries, good luck with that.
Lol @ “Mr. Moneymaker”. It’s obviously in your genes. Feel sorry for us, we’re not really stupid, just inferior breeds.
Surprised you aren’t holding for $100, $20 is a bit short sighted isn’t it?
Hello all I’ve been in oc for about 6 weeks. It was recommended by a good friend.
I had many questions in the beginning that got answered pretty well by my up line but more recently I’ve been doing my own research.
Looks like the Forbes cover never happened. I got ahold of forbes in manhattan New York by phone, they told me only 3 women were featured in 2015 and ruja was not one of them.
I think onecoin took out a paid advertisement Paige in one of Forbes magazines in Bulgaria.
Bottom line for me is I need to know if the blockchain is lagit. I guess it was audited by semper fortis of Bulgaria in early 2015.
I saw a YouTube Video showing the results and it looked lagit. But I’d like to know more about the lagitamacy of the blockchain, or see lagitamate retailers begin to accept onecoin as payment.
Does anyone have info on the blockchain?
This might be helpful – https://behindmlm.com/companies/onecoin/is-onecoins-blockchain-useless/
Anyone who has a basic understanding on the blockchain technology knows, that the blockchain is NOT needed a third party audit.
This is the whole point .. THE BLOCKCHAIN IS AUDITING THEMSELF.
This is why a legal and working blockchain is public, anyone can access and verify. Ergo, if onecoin has a working blockchain there is no need to hide it, or hire anyone to audit it.
The obvious thing is, they don’t have a legit and working blockchain.
(Ozedit: Racism removed)
Can I get some clarification on this gypsy thing? Is it actually based on anything or are you just having a go at her?
If it’s just a European inhouse racism thing against Bulgarians I’m inclined to remove it…
Pretty sure it’s a racism thing. Romany (the proper name) seem to be darker skinned than Ruja there.
The “gypsy” road is not one to go down for a number of reasons.
The old “I’m not racist but…” spiel will turn people off the core message, give OCer’s a strawman (“look the haters are racists too”) and it’s also completely unnecessary and irrelevant.
This OneCoin scam is multi national in scope and because of its size, very likely to have organized crime involvement. That organized crime may well be Bulgarian, but Bulgarian does not equal Roma/gypsy.
Look at the parasites involved in this, EuroTrash (Greenwood, Parhaila, Steinkellers etc.) Chinese, Pakistani, Malay, African, even Canadian lol, the whole scamming world is represented.
Right, well that settles it then. Any gypsy stuff is offtopic here on out.
Come on guys, we’re all adults.
Gypsy comment should be removed in any case. Whatever her ethnicity casual racism should not be tolerated and blackens your cause.
Doesn’t look like OneCoin:
(Ozedit: Literal translation of OneCoin in Chinese = “Vicat Credits”)
and the London event happened. plus they also have a new product that is a “tablet” new applications for onecoin as “oneforex” and many more.
I require information see stronger. You are all just “assuming” do not say anything concrete.
They say it is a scam. but since they saw are now more than 2 million users in addition to appearing in the journal “the bussines for home” say something?
I thought they were boring professionals. !!!
What does any of that have to do with using newly invested funds to pay off existing investors? Ditto the arrests in China?
All the information you need is in the OneCoin business model. Anything that fails to address that is just an attempt to legitimize financial fraud.
@Oz – can you PLEASE obscure the name in #22 to reflect *(Onecoin Team Leaders). I would really appreciate it as I have agreed not to bring that name up until the 18th of this month, when an attorney friend will be moderating a debate between us. Thank you.
Marked as offtopic, no idea what that list has to do with Chinese authorities investigating OneCoin.
thank you for doing research for me. I have no way to test the truth claims of One Coin myself.
Is it true that China disallows Bit Coin, but has approved only One Coin now???
Thank you for your help,
Find someone who speaks Chinese (fiverr gig if you’re desperate) and have the news reports translated yourself.
The answer to this is in your source, which is probably a OneCoin investor with no third-party verification.
You already knew the answer to the question before you asked…
This news item should tell you quite clear that’s completely bogus:
Still OneCoin is workiing Fine all over the world, and so far peoples are earning from OneCoin, If it is SCAM then it should be gone by the time now.
Except they aren’t. OneCoin withdrawals have been stalled for months.
The only commissions paid out are recruitment commissions.
Muhammad Kashif is being truthful (imagine that) about how he views OneCoin as “workiing Fine all over the world”.
Just like with other Ponzi Pumpers (like Tom McMurrain, Sarah McGee, Keven Foster and Ken Labine), from their point of view OneCoin IS WORKING!
They continue to earn their 10% commission on all the money they bring to Ruja. And, they are still getting paid their overrides for convincing others to do the same.
What I don’t understand about Ponzi Pumpers like Tom McMurrain, Sarah McGee, Kevin Foster and Ken Labine is how they CONTINUE to promote OneCoin — even today! If they read the posts on the OneCoin Facebook page, it’s clear the company has stopped sending “actual money” to investors at this point.
It’s time for these Ponzi Pumpers to tell the truth to their friends, family and social media contacts.
The truth? All of your money is GONE!
I predict prison time for some of the OneCoin Ponzi Promoters here in the USA. The current administration has not moved fast enough to save thousands of naive investors from losing their money.
Will that change after DT takes office?
@Oz – did you receive a copy of the recent Thai judgement against Onecoin? I have a copy, but was told that you had also received one and were translating it. This is maybe 10 days ago or more?
Were you able to get it translated?
@MLM Broken Model, the way it worked recently (at least before the website updates), was that if a networker found a new idiot who buys a package, the networker could buy a gift code for 50% Eur and 50% One, essentially making it possible to cash out Onecoins 50% worth of the package value.
But there was no other bonuses from the sale (as OneCoin hasn’t been able to pay out bonuses anyway for 2 years).
Yah I received a copy. I don’t know anyone who speaks Thai though.
Asked the source if they could translate it. They said they would but to wait. Haven’t heard anything since then.
In comments #35, #37 and #42 “150 employees” were mentioned in the head office in Sofia. Ruja Ignatova and Ted Nuyten (BFH.org) had spread this lie in April 2016:
ONE NETWORK SERVICES EOOD currently only has 15 employees.
This graphic by the Bulgarian journalist Nickolay Stoyanov shows that ONE NETWORK SERVICES EOOD has never employed more than 100 people.
This post was quoted in detail in a video. Unfortunately, BehindMLM was not named as a source:
The video also cites a post by BehindMLM concerning Mark Scott: