OneCoin operating illegally in Belize, issued cease & desist
Belize, a tax haven in central America, isn’t really known for regulation. It’s seen more of an “anything goes” type jurisdiction.
Nevertheless, the International Financial Services Commissions serves as the country’s top financial regulator.
Charged with ‘providing appropriate supervision and regulation of international financial services‘ within Belize, earlier today the IFSC issued a cease and desist to OneCoin.
The IFSC’s notice addresses OneLife Network Limited, one of the many companies that make up the OneCoin Ponzi scheme.
In the regulatory warning, the IFSC identify OneLife Network Limited as “an international business company registered in Belize”.
Despite being a registered international company in Belize however, the IFSC claim OneCoin is operating illegally because it
is conducting trading without first obtaining the required licence from the IFSC.
This entity is not licensed/regulated by the International Financial Services Commission or any other competent authority in Belize to conduct any type of trading business.
The IFSC have issued OneCoin a cease and desist, citing the continuance of unlicensed activities a breach of Belize law.
As per Neri Matus, Director General of the IFSC,
all persons concerned are warned to take note and exercise extreme caution.
After being ousted from Gibraltar in late 2016, OneCoin sought another tax haven to incorporate itself in. Thus OneLife Network Services was incorporated in Belize through Ally Professional Services LTD.
Now also ordered to cease operations in Belize, possible financial ramifications for OneCoin are as of yet unclear.
At the time of publication the OneLife website still represented that the company was incorporated in Belize:
ONELIFE NETWORK LTD, 2118 Guava Street, Belama Phase I, Belize City, Belize
Stay tuned…
Great news but I assume they will camp out in Dubai next where Ruja is apparently holed up.
All new posts will be signed Krakatova to suggest the impending OneCoin implosion.
@cryptokill
i parenthesize everything from gerlach but i do really WISH this is true or will be… at least.
OneCoin banned in Dubai:
gerlachreport.com/news/onecoin-verbot-in-dubai-steht-unmittelbar-bevor
Wow. Getting a ordered to cease operations in a tax haven is not so easy ;-). Congratulations OneCoin!
Really good news!
is there a translated copy of the Dubai Gerlach Report in English
The easiest way to obtain an English translation is to open the page in Google Chrome and hit the “Translate this page” box when it opens
It if not forbidden yet there, but GerlachReport claims that the a shaik is investigating.
GerlachReport is also referring to nawaader.files.wordpress.com/2016/12/onecoin-research-paper-islamic-ruling1.pdf
Please allow me to cite a few intersting parts of the aforementioned .pdf ruling.
Apparently mr. Kari Wahlroos is planning to be in Athens in June, along with a bunch of other international OneCoin scammers. Names of people attending are Jose Gordo, Mariana Lopez de Waard, Igor Alberts and Andreea & Julian Cimbala and a number of lower ranked criminals from various countries.
The event is scheduled at the Hotel Wyndham Grand Athens for Saturday the 10th and Sunday the 11th of June. It is probably a training event that may not be open to the general public but they will undoubtedly be sharing information on how to continue scamming victims around the globe.
I’m sure it would be an interesting event to attend, just to hear what nonsense they come up with this time. But perhaps it would be better if someone can contact local authorities to make sure they know what’s going on and some appropriate action can be taken.
@NoSellOut. Kari and his Mrs are on his FB page today wishing a happy birthday to an apparently well endowed Dr Ruja (described as Cryptoqueen).
Fake tits and genuine arseholes springs to mind…
Greece has had enough hassle from Europe without Carey (scary) Walrus adding to their EU issues. Arrest him on arrival. He is not a trainer –he is a victim.
Quote from (gerlach)
Quite interesting to see which of The Member States will follow Belize?All?
Heres a list of the States:
en.m.wikipedia.org/wiki/Commonwealth_of_Nations
WOW!!! Mainstream News Coverage of Onecoin Ponzi in “The Atlantic!!!”
SOURCE: theatlantic.com/technology/archive/2017/05/cryptocurrency-ponzi-schemes/528624/
According to Wikipedia:
A little quote from the Atlantic Article
Is the article only in the online version? I want to go to the store and buy the paper version (several copies), frame one and distribute the other copies so my nemesis can no longer say that I’m just a hater!!
Central Bank of Macedonia warns against cryptocurrencies, but naming Onecoin specifically in the context of pyramid schemes:
m.independent.mk//articles/44094/Central Bank Warns Against Investing in Cyber Currencies
@Ty – I don’t know the answer, but if it’s in print, I’ll be picking one up too, for sure.
nbrm.mk/?ItemID=CF4BFE4CA8B36F44A01DDC2B6C83B107
This is official statement from Central Bamk of Macedonia, it is on macedonian cirilik, usually there are translate on english, but not for this statement.
It is interesting because statement was warning for all cryptocurensies, specially bitcoin, that it was not legal, risky, bla, bla and after that about Onecoin, that there are investigation in some European countries and warnings that One coin is pyramid scheme.
Good timing, because they will have event in Ohrid, 04 June, hotel Inex Gorica, Udo Deppich is gest.
Onecoin Scamers in MK have support from some authorities, but from tomorrow , new government will start with work… 🙂
Somone should send Ken Lebine this info, he dosent read newspapers/mainstream media like the atlantic, but the in the link below is one of the sources to that artical (The Ontario Securities Commission (OSC) )
newswire.ca/news-releases/osc-highlights-potential-securities-law-requirements-for-businesses-using-distributed-ledger-technologies-615678523.html
theres even a nr for him to call.
He´s a total retard so i rather not have any more contact whit him. but he told me that he has respect for gov/police sources (this was a few months back when i informed him about the ongoing criminal case in my country regarding onecoin).
he even tried to pitch me onecoin but quickly understod that i dont have the naive, greedy shitfor brains as his onecoin-cultfollowers. so i wasent worth his time.
Hey, do you think OneCoin lawyers will have any success threatening The Atlantic magazine to pull the story about them as a Ponzi scheme? Ha Ha Ha…. LOL
MORE BIG ONECOIN RATS ABANDON SHIP! Maximillian Nilsenius & Navid Tavakoli have allegedly left ‘the #1 coin/ fastest growing company on earth/ HUGE upcoming IPO,” and joined another Klepto currency MLM.
IMAGE OF THE 2 “LEADERS:” onelifeevents.eu/uploads/media/public/0001/01/71de69af1c892ee90d4e2f0f75f3100f1a87bbe6.jpeg
This had been the “chatter” all week, but it’s now seemingly confirmed.
Just a few weeks ago the loyal lap-dogs sat alongside a frumpy looking, uncharacteristically non-dolled up, noticeably exhausted scam leader/ Klepto-Queen-Puppet, Ruja herself – droning away about another “very very special event and announcements, upcoming,” such as the big long and technical toilet paper roll which would soon be revealed (by cryptography and computer science expert, Kari Wahlroos) at Macau:
HERE: youtu.be/VszaRe68TNo
ICEBERG! DEAD AHEAD!!
It’s almost becoming easier to name those dutiful few Titanic musicians still strumming their broken instruments than it would be to recite the names of those already now fully disembarked.
And the only thing Pierre Arens has to repair (besides his irreparable reputation) is the gargantuan size hole in Onecoin’s little remaining credibility with members at this point, with an exceedingly short role of verbal duct tape and perhaps spider webs.
@Timothy: Thanks for sharing. Good news.
Criminal investigations in process – around the word!
The public statements/warnings by authorities are only the tip of the iceberg. I suspect there are a number on non-public investigatiosn running against OneCoin around the glob.
But… the OneCoin guys still believe in the OneCoin stuff and the holy CryptoQueen. OneCoin IMA’s suggested their members not to read press or to google for OneCoin.
That would mean they are removing OneCoin.eu from Google Index, LOL.
Perhaps Jen, Bjorn, Tim and the German guy can give us an update on what legal developments have been going on.
It must be 6 weeks since various cases were publicised but as far as I can tell there has been no actual follow up by OneCoin and its legal representatives. If they try to argue for OneCoin under cross examination that will be fun.
Newspapers and television channels are starting to show interest so if you have contacts for press releases etc post them here.
This RomExpo thing is going on now. There’s a few livestreams on YouTube popping up:
youtube.com/channel/UC6XmBwqIPRppdaYKoto9myQ
The spammy press-releases that started showing up a few days touted 50,000 expected visitors.
The venue looks pretty empty, few hundred people walking around at best from what I’ve seen.
The standard model of cosmology indicates that the total mass–energy of the expo contains 4.9% ordinary matter, 26.8% dark matter and 68.3% dark energy.
The dark energy plus dark matter that are invisible to human eye constitute 95.1% of total mass–energy content of the expo.
The great majority of ordinary visitors in the expo are also unseen, since noise-making visitors account for less than 10% of the ordinary visitor contribution to the mass-energy density of the expo, which leads to less than 500 visitors that can be visually detected.
(As sensible explanation as any other given for the controversies of the OneCoin scam.)
BREAKING: ONECOIN UPDATE: Now Legal in Belize again???
THE INTERNATIONAL BUSINESS COMPANIES REGISTER IN BELIZE
companysearch.bz/public_search/search_query2.php
Also, Cult members are having a field day as they blow up social media touting claims that Germany has dropped charges.
“FT Reporter,” a fully anonymous website, with fully anonymous writers, which aggregates crypto news in addition to Onecoin fluff (and has a hidden Domain Registry) is reporting the following: ftreporter.com/onecoin-is-no-longer-prosecuted-by-the-german-court/
It is referencing an “Official Statement from Onecoin” HERE: onecoin.eu/uploads/media/default/0001/01/7bd37fef17f8cb91758c1292f7a020db3426a8a3.pdf
*Note – Interestingly, while I have never been able to open any “onecoin.eu” link from USA, since 2016, this is the first time that any such link has not resulted in an “IP Blocked/ Access Denied” message.
Igor Krnic’s forum is heavily covering both of these with pom-poms, jumping jacks and back pats. However, it appears that the core of the message concerns just a single IMA.
EXCERPT (brief):
The statement goes on to jibber-jabber about Onecoin’s alleged blockchain, mostly stating that “the company asserts…” and that “authorities have cooperated…”etc.
(see link for more)
Not sure what the fuss is. The Bielefeld investigation began with IMS International Marketing Services (Frank Ricketts) and has since expanded to OneCoin.
They were investigating local affiliates but why go after them if your primary suspects are the big fish. Not withstanding the amounts they made are likely negligible.
The Bielefeld investigation is what lead to the raid of OneCoin’s offices. That had nothing to do with the investigation into local affiliates.
If anything the suspect could have cooperated with Bielefeld’s prosecutors, with gleaned information being far more valuable over recovering what token amount they might have stolen through OneCoin.
Ho hum. OneCoin collapsed in early 2017, around the time the Bielefeld investigation into IMS and OneCoin started.
Celebrating an investigation dropped against one local affiliate when the main investigation is ongoing seems silly.
When you’re that desperate though, I suppose you’ll take anything.
A lot of shouting for a small poke of German justice. Even prosecutors can be wrong. It is only about the § 16 of the German law against unfair competition:
(Google translation)
We all know: OneCoin is not a company but a criminal organization. In Germany punishable according to § 129 of the Criminal Code:
(Google translation)
According to ICANN the domain ftreporter.com was registered 4th of November 2016. That’s the point of registration, I assume it takes a while to actually fill the site with content that makes it look like there’s something in it.
Even then it only took three weeks to get to the business: on 28th of November 2016 they published their first story about OneCoin. It is nothing short of an advertisement of OneCoin.
NOLINK://ftreporter.com/onecoin-cryptocurrency-platform/
And on 5th of December 2016 they published yet another one.
NOLINK://ftreporter.com/onecoin-offers-digital-money-for-all-through-global-cryptocurrency/
Makes you wonder how the site is so eager to promote a global Ponzi fraud that they don’t even bother to try to make it look like they writing from an objective point of view?
In itself, that says nothing except the company is “active”, i.e. actively trading and not dormant or dissolved.
It certainly does not say that OneCoin is “legal in Belize”. OneCoin is legal nowhere due to being a Ponzi scheme.
As any fule who read BehindMLM kno, a scam having a registered limited company in a jurisdiction where you can set up a limited company by cutting out two tokens from your cornflakes packet, e.g. the UK, or Belize, means absolutely nothing.
I could set up a company that did nothing except strangle kittens, and long after the police had arrested me and locked me up, it would still show on the company register as “Active”.
It would only switch to “Dissolved” several months later, when the registry eventually got round to striking it off after I stopped replying to their letters.