Criminal charges filed against Belgian politician for promoting OneCoin
Laurent Loius was a member of the Belgian Chamber of Representatives from 2010 to 2014.
In 2014 Louis received a suspended sentence ‘for slander relating to accusations of pedophilia he had made against public figures’.
In 2015 Louis was banned from running for office for six years.
Earlier this year Louis began promoting OneCoin, which eventually prompted a criminal investigation by Belgian authorities.
That investigation yesterday culminated in a criminal complaint filed against Louis.
Laurent Louis (right) is suspected by authorities of being a major OneCoin promoter in Belgium.
Authorities estimate Louis has generated over 2 million Euros revenue for OneCoin. Personally Louis is believed to have pocketed 100,00 to 200,000 Euro in referral commissions.
The Public Prosecutor’s Office alleges Louis created his OneCoin downline by pitching the scam to his electorate.
Louis has been formally charged with pyramid selling, fraud, money laundering and violation of common and banking laws.
In about 8 months Louis has scammed 2000 to 3000 locals. Some are reported to have handed over their life savings.
Earlier this year Belgium’s Financial Services and Markets Authority regulator issued a warning against OneCoin. In the absence of victim complaints however, there was little else they could do.
The criminal investigation into Louis’ involvement in OneCoin was initiated following a complaint filed by a victim. How much money the victim lost is unknown.
OneCoin has been unable to pay affiliates for months. Outside of sporadic ROI payouts, the only money OneCoin affiliates are making is via the recruitment of new affiliate investors.
Whether this will see a formal criminal investigation into OneCoin by Belgian regulators remains to be seen.
Lawyers representing the Belgian victim hope that their client’s request means Belgian authorities ‘will finally take notice of the issue of OneCoin in Belgium’.
It’s really very urgent to put an end to this virtual scam given the extent it was able to spread across Belgium in these last few months.
An “impressive” amount of information was shared by the lawyers with Belgian authorities investigating the case.
Louis has not been taken into custody. He was scheduled to present a OneCoin promotional event today (Saturday).
What Louis’ criminal complaint means for promotion of OneCoin in Belgium is unclear.
Meanwhile in Bulgaria… *crickets*
(or has Ignatova paid them off to be quiet too?)
Where are you getting all this info from? You are not citing any sources.. Can you please share some reliable links?
Thanks.
Source is linked in the article. Read it again.
Hello, Laurent Louis outside of his populiste appeal to low income followers and past political voters can’t stop himself to “milk them”.
He was in 2015 denied implementing a ” Insurance Brooker” licence due to his lack of professional credentials regarding the Belgium Law.
This guy is a sad man counting on his 50k Facebook followers.
Something, someone please inquire with FB how to lose his account/profile now charges have been filed, Thousand Thanks.
Yes sorry:
His illegal Business without proper Belgium’s legal authority approval was based in Paris exercising in Belgium (Ethikassur)
Some items of interest for y’all:
1) The sole director of OneCoin Limited of Gibraltar filed for the company to be struck off the Gibraltar register on 26th August, 2016. imgur.com/a/OTXGX (first image).
2) OneLife Network only became a company on 28th September 2016. imgur.com/a/sta6G
3) The registered office of the company that audits OneCoin’s blockchain appears to be located in a residential apartment block in northern Bulgaria. Sole owner is a woman named Nikolinka Koleva. imgur.com/a/r4wRt
laurent louis appears to suffer from some kind of a persecution complex and feels the belgian state has not let him succeed financially because they did not like his politics, going as far as alleging the state was trying to kill him.
when his political career ended in 2014 it seems he had no source of income and was struggling financially:
louis, FB, nov 24, 2016
i guess this ^^ explains why he starting duping his electorate with onecoin and began to make some good money.
facebook.com/laurentlouisdlb/posts/1818886158393383
louis’ FB page also records a long discussion about onecoin with skeptics. he defends onecoin with the same tired arguments about corrupt banks and the imminent collapse of fiat currencies and onecoin taking over the world.
you don’t suppose he’s going to say the criminal complaint against him regarding onecoin is ‘politically motivated’, is he?
that’s what scumbag politicians often do – blame any action against them as a political conspiracy!
Thanks for that OzDelphi.
AMS obviously pulled the plug for a reason. Wonder which regulator contacted them…
Small correction about
What is written in French is that the lawyers of the plaintiffs have provided an impressive amount of information, not Laurent Louis himself.
He is not understood to be collaborating at all, and the plaintiff ask for an immediate intervention of the authorities to avoid him hiding or destructing information about his involvement in the scheme.
Thanks for that Victor.
Here is a second source from Belgian news site hln.be. Google Translate link (from Dutch): NOLINK://translate.google.com/translate?hl=nl&sl=nl&tl=en&u=http%3A%2F%2Fwww.hln.be%2Fhln%2Fnl%2F922%2FNieuws%2Farticle%2Fdetail%2F3005673%2F2016%2F11%2F26%2FEx-Kamerlid-Laurent-Louis-verdacht-van-ponzifraude-Hij-rekruteerde-2-000-tot-3-000-mensen-in-Belgie.dhtml
@Oz
I’ve been in contact with the victim over the past 3 weeks, since he contacted me. He brought in his father, sister and other family members.
Combined with his own “investment,” his family is in about €45,000, which he feels terrible about, and which prompted him to take further action and acquire legal representation.
It’s important, if not obvious to note, that today’s “OneCoin Event” did NOT take place in Belgium 🙂
ALSO:
m.7sur7.be/7s7/m/fr/1502/Belgique/article/detail/3005352/2016/11/26/Laurent-Louis-suspecte-d-etre-a-la-tete-d-une-escroquerie-pyramidale.dhtml
Excerpt:
Le plaignant a reçu du juge d’instruction une mise en demeure de cesser toute activité liée au monnaie virtuelle ainsi que du marketing de réseau.
Translation:
The complainant was instructed by the investigating judge to cease all activity related to virtual money as well as network marketing.
In other words: Laurent Louis HAS BEEN LEGALLY FORBIDDEN TO PROMOTE OneCULT FURTHER!
Woop woop!
Holy crap!! LAURENT LOUIS DID THE MEETING!! He’s FLAUNTING the article too!!!
facebook.com/laurent.louis.mld/videos/vb.1548826168/10207407111166503/?type=2&theater
Sounds like this guy is OneCoin’s Sann Rodrigues.
Ah well, they’ll probably sort him out next week. A days/weeks in jail for contempt will sort him out.
And “big meeting”? There’s probably only about 20 scammers in attendance from the looks of it.
What really makes me curious is to know why there haven’t been any complaint yet against the people of (previous OctaCoin) now NanoCoin yet.
Most of these scammers come out of EMGOLDEX before where they already left a mass of people with debts. Than they moved to JUUBEO which collapsed within 6 months to change it to Crypto888…. OctaCoin ect.
This namechanges every 6-8 montsh makes it difficult for people looking on Google to find negative about the new name… and they step inside. I heard in Belgium alone there are people that have put 500.000 € into this identical (OneCoin) scam.
Who’s protecting them? Some of the big earner there have changed residence from Belgium to Bulgaria, Thailand, Spain, Portugal or moved assets into abroad companies to avoid legal consequences when the crash starts to happen.
Distributors with Millions of Euro’s cashed are not even visible on the net and their public/private meetings locations are kept secret until a couple of hours before they start… then the leaders get the location by email or Text message.
This is the way they operate… it takes us really back to the times of the chain letters and pilot Ponzi scam games 20 years ago but with a much bigger impact.
@TimTayshun
It could be a typo, but reading the article in Dutch (my mother tongue) it says that the person who complained (your victim) is the one ordered to cease all activities, not Laurent Louis?
Charleroi is Louis’ home turf for his flim flam politics and presumably for the bulk of his downline who swallow the “I’ll save you from the corrupt establishment” pitch.
I see that in his ‘poor me’ FB exposition he continues the OC theme of literally changing the world.
We’re now up to 300 countries in it, according to him.
@Tim… relax Tim, it’s only a “mise en demeure” nothing else, it’s only a formal notice…. it’s not an injonction ether…….
you obviously never sent one or received one….. when not respected then other steps have to be taken and proven to put an accusation on something.
Where is our friend Ken Labine ?
Is there any more info if these scammers have more links with Nanocoin? Curious because I heard someone else about Nanocoin.
Nothing official but there’s a lot of cross-over between the various MLM Ponzi points scams on the affiliate side.
I believe he’s telling the truth. Powerful authority will use any ressources to loose credibility in fabrication of evidences. It’s something so serious when there are multiple evidence, especially to torture of children.
It should be quite alarming to have someone of high authority been accused and seriously iinvestigation should have been mandatory.
It’s not because you are rich and famous that you are exempted from legal procedures … MONEY IS POWER!