OneCoin under consumer protection investigation in Poland, new bank
On July 27th Mirosława Suchonia filed an inquiry with the Polish Ministry of Justice regarding OneCoin.
Suchonia sought comment on whether or not OneCoin was potentially breaching Poland’s banking laws.
On September 13th a response from Łukasz Piebiak, the Minister of Justice, was published on the Sejm (Poland’s lower house of parliament) website.
Suchonia’s inquiry was filed with the National Prosecutor’s Office within the Ministry of Justice.
The Ministry of Justice first confirmed that there had been no previous investigations into OneCoin. They then confirmed that OneCoin is not under suspicion of violations of Poland’s banking laws.
This makes sense, as OneCoin do not have any banking or financial operations in Poland.
What the National Prosecutor’s Office found after investigating OneCoin however was potential breaches of “unfair market practices”.
The findings were forwarded to the Office of Competition and Consumer Protection, who have since launched an official investigation.
The Office of Competition and Consumer Protection are being assisted by the National Prosecutor’s Office, who continue to collect information on OneCoin.
If breaches of Poland’s consumer protection laws are found, the Office of Competition and Consumer Protection will initiate further proceedings against OneCoin.
In related news, OneCoin have changed banks yet again.
Following ongoing regulatory investigations into the company by German authorities, OneCoin lost its Deutsche Bank account last month.
This left the company with two accounts, United Overseas Bank in Singapore and Bank of Africa in Tanzania.
OneCoin’s new account is with Banca Monte dei Paschi di Siena (Banca MPS) in Italy, using the account name “EDUCAMAX SERVICES SRL”.
On their website, Banca MPS claim to be “one of the main banks in Italy”.
Under the guise of operating a cryptocurrency, OneCoin solicit deposits of up to €118,000 EUR on the promise of an eventual >100% ROI.
The ROI is paid out of subsequently invested funds, making OneCoin a Ponzi scheme.
In an attempt to circumvent money laundering filters, OneCoin avoid using their company name to open bank accounts.
The Banca MPS account marks first use of the Educamax Services SRL shell company name. Previously OneCoin was using International Marketing Services Pte. Ltd.
Whether the introduction of the Banca MPS account means OneCoin has lost their UOB or Bank of Africa account is as of yet unclear.
OneCoin itself has ties to Italy through the Steinkeller brothers, who sit atop one of the largest OneCoin investor downlines.
A week ago BusinessForHome reported the Steinkeller brothers were stealing $2 million dollars a month from their fellow OneCoin investors.
Joby Boughey and Ken Labine claim that Poland cleared OneCoin of being a scam.
thecryptoproezine.com/2016/09/20/poland-clears-onecoin-of-being-a-scam/
As explained in reality Poland nowhere cleared OneCoin. Unbelievable what lies Boughey and Labine are posting.
Even from Google Translate it is clear that nowhere OneCoin was cleared in Poland:
Again straight up lies by Joby Boughey and Ken Labine. Hoping that their victims won’t check more deeply what they are claiming. Fking disgusting lying scam artists.
replying iedzialnych was supposed to be translated to: responsible for..
who knows maybe the polish authorities will go after the onecoin ponzi pimps in Poland ?
Ken Labine made a video to his victims, trying to discredit facts.
Lots of the video concetrades on the Polish notification:
sejm.gov.pl/Sejm8.nsf/InterpelacjaTresc.xsp?key=70AA9084
Lol, he is going through the article, but of course doesn’t touch the last 2 paragraphs which is the main point showing that there’s nothing cleared, the Office of Competition and Consumer Protection is looking into OneCoin and the procedure is in progress, and well as National Prosecutor’s Office is collection more information about OneCoin.
Straight from Google translation last 2 paragraphs, which Labine is trying to avoid with his loud ranting.
Labine shows only the 3rd last paragraph where it is defined that OneCoin is not under suspicion of violations of Poland’s banking laws. And from this he makes the conclusion that Poland cleared OneCoin of being a scam. What a fking liars Labine and Boughey are.
Boughey screaming “it’s all lies”. lol
Well, the video is done for their victims, and some of them will believe these idiots Labine and Boughey, as Labine is ranting about the 3rd last paragraph, without actually reading the translation to the end.
youtube.com/watch?v=g7r3w6dHv4s
Thanks Labine, for mentioning me in your video. Shows that what I do has impact.
Of course I will only increase my efforts to bring facts out about OneCoin scam and scammers throughout the Internet.
And hopefully you scammers will have less victims thanks to everybody who bring the facts out about this ponzi scam.
@4:15 into the video, scam shill ponzi pimp Ken Labine, reached out to the REAL author Seguin Omibalusi, who claims, “Huffington Post had this new platform which mixed things up lately.”
Latrine states that the “mistake” was just an anomoly.
HEY KEN!! My question to the lying scumbag Labine and his lap dog Joby is HOW DOES THIS ACCOUNT FOR SEGUIN OMIBALUSI ALSO HIJACKING MORROW WILLITS FACEBOOK, Twitter and LINKEDIN ACCOUNTS!!!!??? DID HUFFINGTON POST’S NEW PLATFORM RAISE ALL THE DEAD MAN’S SOCIAL MEDIA CHANNELS ACROSS ALL PLATFORMS?!?!
Ps. Mr Morrow’s Twitter just reached back to me from the grave.
Will Latrine fix his video and admit that he was WRONG about Huffington Post’s “new platform” bring the issue? No. That’s not what scammers do.
I believe that Labine will be prosecuted at the same level of Ruja herself when this pyramid/ ponzi collapses and will end up in prison for a good stint (maybe 68 months like Tom McMurrain?).
Maybe more being that he is in Canada with wide reaching victims. I hope he is held accountable not only for the financial losses, but for any more unfortunate repercussions resulting in him pumping the fraud.
If people in his down line kill themselves after listening to his advice, lies and deceit, he needs to be prosecuted to the full extent of the law.
Damn I really despise criminals who Mrs with others lives!
The “that was a mistake” was the worst explanation by Labine for a while. Even half blind can see the Twitter page of the “dead man” also.
Now Labine added some text to the videos description field, when he realized he didn’t go through the last 2 paragraphs of the Polish document at all, where is all the interesting stuff.
And Boughey screaming and laughing, both these total retards have absolutely no idea which section was even talked about, and Labine going through the wrong section like an idiot he is.
Yes, translate the document and READ TO THE END, you fking retard scammers.
Looking at the back office information center the italian bank is no longer showing. Have they lost their latest bank in almost 24hrs!?
@Raf
Any chance for a screenshot? Have they replaced the Italian bank with another account?
No, they have not replaced the Italian bank, it has been deleted from the back office. I checked it too.
Check this out!!
kusetukset.blogspot.com/2016/09/onecoins-problems-with-bank-accounts.html?m=1
Do NOT contact the bank!!
that was really really quick! onecoin lost its new italian bank account in about 24 hrs!
why is the singapore bank and african bank still hosting onecoin?
maybe they should be warned as well!
United Overseas Bank has a investment scheme hotline:
CPF Investment Scheme Hotline 1800 538 8011
I live in Finland so I decided to send a message there instead.
uob.com.sg/contact/index.html#
Sent an e-mail to Tanzania too.
Update on Ari Widel’s blog about the Italian Bank:
The first explanation about the frozen Italian bank account appeared in German onecoiners’ Facebook page “OC-Team Deutschland”:
(Image of post announcement – see link at bottom)
A crappy translation with Google Translate:
So what he’s saying the Italian bank received so much money that it couldn’t handle it, and it all happened in about 24 hours and even before the bank account was officially announced for the members.
Banca Monte dei Paschi di Siena is the third largest bank in Italy and well respected. It’s amusing how OneCoin tends to use only banks that end up being too small to handle the company.
Furthermore I have never heard about a bank that refuses to deposit money just because there is too much of it.
SOURCE: kusetukset.blogspot.com/2016/09/onecoins-problems-with-bank-accounts.html
It is really interesting that OneCoin is investigated in Poland but Recyclix which operates out of Poland and under Polish jurisdiction is not.
Two points:
* We don’t know if Recyclix is or isn’t under investigation.
* Recyclix is relatively new and small potatoes in comparison to OC. Chances are it will implode of its’ own accord before has a chance to investigate
youtu.be/Huz2Y3a90Vk
Inn this short video interview (completely softball pre-screened questions for sure), Ruja talks about banking the unbanked (again) without explaining how this is possible with KYC requirements of every user.
In fact ironically when taking about remittance she even says, “I don’t want to see people having to pay $30 just to transfer money” – which is golden, in light of OneCoin recently DOUBLING withdraw fees from 15€ to …you guessed it: 30€.
She talks about cuddly little furry animals, so our course OneWhirled Fraudation will launch “OneFiend” …oops …OneFriend …you know. For puppies and things (how cute).
BUT THEN she talks about reorganizing the management on October 1st BECAUSE…
….SHE CLAIMS TO BE PREGNANT!
Soooooooo. Is THIS the set-up for “the Great Escape!?!” She says she will not be as “visible” after October 1st.
Will she “disappear” into Thailand, Indonesia, Micronesia, etc??? Hmmmmmm. Very very interesting.
Which time position is this? I don’t have now time to watch this through.
@Whistle Blower
@11:09 she started she is restructuring the company after October 1st to “spend more time with her family, and that she is having a baby (‘it’s a girl’).”
The info about her being pregnant is at about 11:10.
And again she mentions (8:26) that BitCoin launched before the terrorist attacks, although this time she didn’t say September 11.
@Chris Bailey – it was at a Londonevent in February of this year which the “Crypto Queen” stated that “bitcoin was created before the tourist attacks …before September 11th…” For an “expert in ‘cryptocurrency,'” she was ONLY about a decade off. Lol
SEE @ 5:17 youtu.be/jeDZ7uUlnW4
She also repeated the same statement (lie) on stage in front of a huge audience in Japan shortly after CoinRush (aka: CoinFLOOD). So this is at least the 3rd time she’s been deceptive about this single subject alone.
pretty strange to see two people sit around and have a serious ‘interview’ about a scam with a straight face!
it’s like ‘let’s play pretend’.
after oct 1st, affiliates are supposed to recruit merchants to make onecoin usable and successful. in mexico recently, ruja pretty much put the onus of onecoin’s success on the affiliates themselves.
it is possible that she steps back after oct 1st, and let’s onecoin do a gentle ‘fade-out’.
for a woman who believes she has planned and created the world’s ‘reserve currency’, it’s a pretty poor time to have planned a baby and a step back, right when her cryptocurrency is entering the ‘usability’ phase.
ahem, none of my business, but since she’s publicly announcing her pregnancy, it’s natural to wonder – who’s the daddy?!!
it cant be sebastian greenwood because at the london event this year he introduced rujamama as his ‘sister’.
i cant think of anyone else who would like to make a baby with her!
Doesn’t Ignatova have a husband (who keeps out of the public eye)?
And I agree, this is all sounding very Dawn Wright-Olivares (get the money and disappear).
IIRC she is separated/divorced from her german husband?
it would be unusual to be separated and move to a different country and yet have a baby together!
isn’t Oct 1st the promised ‘doubling’ of alleged one coins?
Oh. In that case my money is on Sebastian Greenwood.
Hell, he’s fattened up over the past year enough to be pregnant himself.
In this short 3minute video promoting “the women of OneCoin, and which takes place inn Sofia, Mariana Lopez Waard seems to be the name of the poor victim/ reporter in the previous Mexico video/ interview with Ruja.
Here she is seated between two scammers. From the body language, I think Mariana is a believer. The other two not so much.
Regardless, she was likely conned into the founder video to “play the role” of a legitimate “reporter/ interviewer.” If I’m correct, this “acting role” will only be the first of MANY slippery slope and values clarification judgement calls she will have to make.
Labine is a perfect example of the life and lies she will soon adopt.
Labine was, in the beginning, just an innocent victim of the scam. As evidence upon evidence, lie upon lie, deception upon deception continued piling up, Labine simply realized that he was in so far that there was no way to turn back.
The difference about Labine is that he is already months past the unfortunate stage of “cognitive dissonance.” Labine is actually now, and had been for some time, a full fledged criminal/ professional con-artist.
The final stage for Labine, which he had very small transition left to adopt, is career scammer.
In the coming years names like Sebastian Greenwood, Nigel Alan, Scoville Madoff and others will not be as prominent and at the forefront of names like KEN LABINE and Joby Boughey (Tom McMurrain will probably be serving his 3rd strike by that point)
If Labine and Boughey can escape this collapse with relatively short prison terms (like McMurrain did with 68 months), they will be well on their way to becoming the most famous …NO, INFAMOUS(!!!), con-artists since Charles Ponzi himself!
Meanwhile, here’s the chicks in OneCoin pitch:
youtu.be/YuuMICMUfAk
*former video
*inn is spelled “in” …etc.
(Pardon my autocorrect which seems to be my babe …BANE …in every post – sorry)
I have to partly disagree. Labine and Boughey don’t have the intelligence to create themselves any complicated working ponzi scam.
They are above average ponzi pimps (Boughey doing the more “professional” approach, while Labine is the more aggressive pusher), but they do not posses the intelligence to sketch a complicated ponzi scam. They will always need “the brains” in order to be succesfull scammers.
haw. that would be like borderline incestuous!
hmmm, maybe he and ruja are incubating one each of a pair of twins?
Until the next one comes along. That is usually about 2-3 years.
Just curious, what’s the prediction on how bad the rush on the bank is going to be, after Oct 1st?
Maybe that’s why Ruja-mama wants to become a real mama!
I wonder how many baby piggies Ms Piggy will have.
SORRY BUT SOMEONE CAN ENTER HIS ACCOUNT IN ONECOIN TODAY?…. FOLLOW THEIR MISTERIOUS EXCHANGE XCOINX…. ALL UNDER MAINTENANCE?
IS THE END…..THE FINAL SCARY END? NEW CEO… A BLOCKCHAIN THAT IS A .gif BANNER FOR SELL AT 39€ IN SWEDEN?
BECAUSE HERE IS THEIR BLOCKCHAIN….
shutterstock.com/it/video/clip-1089709-stock-footage-computer-program.html?src=search%2F5ZPKdzQrAiS-XDfNB9KsAA%3A1%3A90%2F3p
BEWARE ALSO SPACECOIN TOO…. SAME DATE… DOUBLE PROFIT… SAME SCAM. I HOPE THAT SOMEONE CAN TELL SOMETHING…