OneCoin’s nonsensical response to Italian pyramid scheme fine
When Italy’s Antitrust and Consumer Protection Authority (AGCM) banned promotion of OneCoin last year, OneCoin responded with pseudo-compliance nonsense.
Not surprisingly, the AGCM took no notice and pressed ahead with their investigation. Eventually declaring OneCoin to be a “deceitful Ponzi scheme”, banning the company outright and last week, slapping it with a €2.5 million euro fine.
Unlike Ruja Ignatova’s criminal charges in India, extensive media coverage has left OneCoin unable to ignore the AGCM’s pyramid scheme fine.
Despite the AGCM banning OneCoin showing that they weren’t interested in pseudo-compliance, OneCoin’s answer to the pyramid scheme fine is more of the same.
In Ponzi lala land OneCoin has nothing to do with MLM. The MLM side of the business is operated through OneLife, which OneCoin claims it has nothing to do with.
In reality OneCoin consists of a shell company network (including OneLife), which was progressively set up to avoid regulators and launder incoming funds from all over the world.
The company operates a pyramid scheme by paying investors to recruit new investors, which is done through an MLM compensation plan.
On top of that you’ve got the OneCoin Ponzi points fraud, which sees investors investing in OneCoin points.
The only way to obtain OneCoin points is to invest with OneCoin or pay money to an existing investor who will then transfer you OneCoin points from their own balance, through their OneCoin affiliate backoffice.
Bear in mind this still requires signing up as a OneCoin affiliate. There is no way to obtain OneCoin points without going through the company.
To their credit, the AGCM’s investigation into OneCoin was based on reality and not a Ponzi lala land fantasy – which makes OneCoin’s response all the more comical.
In an August 11th response, OneCoin claims
1. OneCoin is NOT an MLM company, nor has anything that could be related to pyramid sales, since it is exclusively engaged in maintenance and development of the technical aspects of the OneCoin cryptocurrency.
It does not perform any sort of network marketing activity.
This fact has been properly communicated with the authority, however neglected.
As above, the reality is that OneCoin is made up of too many shell companies to count.
Under this umbrella, the company very much runs an MLM opportunity, through which it conducts pyramid fraud.
And the OneCoin cryptocurrency doesn’t exist. Rather the company doles out points, which have no value outside of OneCoin itself.
Is it any wonder the AGCM “neglected” OneCoin’s pseudo-compliance nonsense?
Evidently they were only interested in the facts.
2. The websites listed in the press release, together with another company, named Easy Life S.r.l., are NOT and were NEVER part of OneCoin and/or OneLife.
In relation to the websites listed by the authority, the latter was duly informed that the websites in question were not owned, maintained or in any other way controlled by the companies.
However, the companies have undertaken immediately all reasonably measures for removal of the websites and currently these are not active.
This fact has also been properly communicated with the authority, however also neglected.
An answer to a question nobody asked?
The websites in question were obviously owned by OneCoin affiliates in Italy. At no point in time did the AGCM explicitly state they were operated by OneCoin.
The websites were first referenced in the initial promotional ban (December, 2016), as they were the first port of call for the regulatory investigation (local promotion).
By law the websites had to stop promoting OneCoin, which itself was explicitly banned by the authority (a fact OneCoin ignores).
And it should be noted that the AGCM’s ban was never just about removing a couple of websites. These were cited as primary examples of promotion of OneCoin in Italy.
The issue was and always has been the promotion of the OneCoin Ponzi scheme in Italy. How this took place is what OneCoin are disputing, which is ultimately neither here nor there.
3. One Network Services Ltd. has NEVER performed any activities related to any of the statements, made in the press release and specifically network marketing activity.
It is an independent third party that is NOT a subsidiary to OneCoin nor to OneLife.
This fact has also been properly communicated with the authority, however also neglected.
Once again I have to point out that any investigation into OneCoin will inevitably slice through the pseudo-compliance and conclude that OneCoin and any of its related shell companies are in fact all the same company, operated by the same people.
So while OneCoin can carry on about one of their companies not being this or that, ultimately regulators will going to ignore the pseudo-compliance and treat the company as a single entity.
4. According to the press release the OneCoin cryptocurrency – ONE, could be obtained by acquiring a training package, which is NOT correct.
As it was also explained to the Authority, OneCoin cryptocurrency coins are mined, not sold by the company.
Know anybody who has OneCoin Ponzi points that weren’t initially obtained through OneCoin and given to an affiliate who paid the company cash?
Yeah, I don’t either.
Even with the gift codes, the points transferred between existing and new affiliates were originally delivered by OneCoin to the existing affiliate in exchange for cash.
OneCoin are the sole issuer of OneCoin Ponzi points, and you can only obtain them from the source by signing up as a OneCoin affiliate and investing in one of their packages.
The rest of OneCoin’s press-release are a series of threats against the AGCM, it’s safe to assume will be ignored (much like their previous threats).
But then this response was never really about challenging the AGCM’s pyramid scheme decision and fine.
Rather such press-releases are pushed out so that OneCoin affiliates in other jurisdiction have something to post on Facebook when the people they’ve scammed want answers.
That’s all OneCoin’s nonsensical response is really about. Meanwhile in the real world Italy has declared OneCoin to be a Ponzi scheme with pyramid fraud and fined them €2.5 million euros.
Which country will be next?
It could also be said that Rujamama is throwing ALL of their Italian affiliates under the bus, by implying that NONE of them are operating legally and “ruining” OneCoin/OneLife’s name.
@Oz
I’ll now double-post my comment from yesterday (from another thread) as it contains one tidbit of information you might want to add:
The AGCM has explicitly named One Network Services Ltd. and therefore the OneCoin Ponzi scam needs to somehow respond to that one. In that joke-of-an-answer OneCoin states that “One Network Services Ltd is third party that is not subsidiary of OneCoin/OneLife”.
Really?
When OneCoin affiliates were buying their “educational packages” from OneCoin.com in 2015 (the OneLife brand was introduced later), those bank wire transfers were directed to…
…drum roll…
…One Network Services Ltd!
(As listed in here)
Also: One Network Services Ltd. is the company that according to EurId WHOIS has registered following URLs:
– oneacademy.eu
– oneworldfoundation.eu
– onelife.eu
Third party? Not a subsidiary? Sure…
In WhatsApp (the OC communication tool number one), stuff like “AGCM is wrong, it is a intrigue by banks”, “It is not OC’s fault, two IMAS did stuff wrong, we kicked them out”, “Everything is fine, our lawyers are suing AGCM currently”.
OC is not just a scam, but a cult.
The OC press release is wrong, of course OC was part of the investigations and the ruling. It is even written in the ruling that they are investigating OneCoin AND the owner of the domains (so called IMAS).
The Italian financial police (GDF) and CONSOB was involved as well in the investigations against OneCoin (Yes, OneCoin! Not the owners of the domains).
From the ruling:
2 august 2016 – The investigations in Italy started after a complaint (=report to the AGCOM) has been filed by the CTCU.
29 September 2016 – The CONSOB filed a complain.
15 November 2016 – A special unit of the italian finance police is getting involved (Guardia di Finanza, Nucleo Speciale Antitrust)
28 November 2016 – OneCoin and the owners of the domains has been notified by AGCM about the ongoing investigations to allow self defense (prot.n. 74905 / PS10550).
06 December 2016 – OC has send a defense document.
21 December 2016 – Injunction by AGCM (Prov. No. 26308)
17 January 2017 – The special unit of the italian financial police provided new informations.
18 January 2017 – CTCU provided new informations to AGCOM and confirmed the central rule of ONE LIFE and EASY SERVICE in Italy.
24 January 2017 – OneLife and OneLife easy has been has been ordered to comment on the current case.
30 January 2017 – OC has send a new defense document.
07 February 2017 – New injunction (No. 26418)
Later the legal representatives of OC has send new documents to AGCM, and so one… (too much to translate)
OC was clearly involved…
Big Scammer Deppisch and Wahlroos in Japan.
LMAO!!!
mailchi.mp/2e7034076738/jxkey6m9c9-700997?e=a0e0b3336a
IMHO, Rujamama will release some trial balloon about they will continue to fight the “unfair charges” and have her lawyers file some more motions to appease the masses, as well as announce closing the Italian market “temporarily” “in full cooperation”.
The minions will of course spin this as “see how cool we are with the law” “we will prevail in the end” “it’s just a misunderstanding”, etc. but in reality Rujamama had thrown them under the bus to keep the thing going in the rest of Europe.
The village idiot Latrine is back from having sand between his toes (quaint Kenspeak for his holidays paid by stealing) and is already spouting nonsense about Tim.
When the forces of justice finally prevail I just hope Kenny boy cops for time!
Someone should just archive all of KL’s “greatest hits” and periodically release them on various video websites with throwaway accounts along with factual rebuttals (w/ robot voiceover).
X Things KL don’t want you to know.
On Date X, KL predicted ______.
What really happened on Date Y later.
Repeat X times.
KL: His record speaks louder than himself (even if he was yelling).
I have a strong 2nd source who just told me that Juha & Pehr quietly left Onecoin last month.
That would require going through all of his videos.
Far too much nasally whine for any human on Earth to withstand…
Well that would explain why Juha’s “income” in BullshitForHome has dropped from 4.6MEur/mo to 2MEur/mo (and ranking from 1 to 2), LOL.
@Otto – who are Onecoin’s “Crown Diamonds” who still remain? In not sure, but I don’t think that Jose Gordo or Igor Alberts/ Andreea Cimbala-Alberts have captured these titles yet(?).
With Steinkellers, Juha and Pehr gone, ignoble Onecoin Mau have NO “Crown Diamonds” left???
@Otto – who are Onecoin’s “Crown Diamonds” who still remain? In not sure, but I don’t think that Jose Gordo or Igor Alberts/ Andreea Cimbala-Alberts have captured these titles yet(?). With Steinkellers, Juha and Pehr gone, ignoble Onecoin Mau have NO “Crown Diamonds” left???
Is even Kari Wahlroos a “Crown Diamond??”
A year ago, there were only 4 Crown Diamonds. Three of them were Juha, Greenwood, and Karlsson.
Frankly I have no clue who have been “crown diamonds”, especially since it seems that those titles could have been gained by sharing around gift codes for little to no payment at all.
The BullshitForHome list actually serves one purpose for tracking the people heavily promoting OneCon; it is a list of the pimps that really wanted to publicly make noise about the money they *say* they are making with OneLie.
Anyone on the list has at least intentionally been giving the impression there is big money to be made in OC, it is not just a package of education.
I’m saying here that the list is based on what people *say* they gain because the list is based on what people reported they are gaining, not on any objective metric.
(I wonder if I could just start reporting I have “Otto’s ultimate MLM business(TM)” downline that generates 5 000 000 euros/month for me and get myself on top of list? Since I just invented the whole business I could send them any fake screenshots they wish to receive!)
I have the same impression as Otto. Since the Steinkeller left a lot of people in the middle ranges of the system (Saphires, Rubies, Diamonds ect..) gained a lot of position very fast, while high ranked members slowly and silently disappear.
The question is why? Do these people from lower ranks not understand that fingers will point at them when the music stops to play?
Maybe they want to carry the can for their friends in return for some extra money.
@OTTO -POST 2
The MARCH 2016 Terms and conditions =section 5 notes:
Also in the last paragraph it confirms the the Compensation plan is part of the contractual agreement so I am trying to reconcile this with OneCoin not being a mlm businesss -as we say here in Ireland –MY ARSE
Also on the final provisions –last paragraph—they state:
I would say that makes them an mlm wouldn’t you
One word answer to your question: GREED! The sub-answer is they drank the Kool-Aid and believe OC is real and going to do an IPO.
At the rate things are starting to happen, they will be lucky to last through October of this year with all the major rats deserting the ship.
The people below them are not that good at recruiting like the ones who have left. No new people, this goes poof.
Nobody at OC can ever believe OC is real cause it is not available on the cryptocurrency market and is hat a value determined by the creators, and isnt that market availability what *all* currencies (in the most basic sense) are about?
And now the village idiot Ken Labine has on his FB page that OC’s 2.5 million Euro find is #Fakenews.
Question is simple. Do utterly stupid peeps know they’re utterly stupid?
Answers from Alberta Canada on a Postcard please. Lol.
Welcome to the era of “facts I don’t like = fake news”.
A full 11 people have watched his video of 12 minutes so far 🙂 . I listened to his explanation my god, I can’t believe more than 700 people saw the 2 hours 23 minutes version, they must be brain death by today.
Wasn’t going to watch it. Started it. Has dropped. Soon after I feel asleep of boredom. How Labile can leave the house without a safety helmet and someone tying his shoes for him is beyond me. Oh! And AGCM are just “bloggers with an agenda,” I’m pretty sure.
*jaw dropped (out of sheer astonishment and mortification of the future of mankind with people like Labile breathing the same air)
2 hours? Doesn’t take 2 hours to read the official statement from AGCM…
It does for Ken and his followers.
‘Fraud I had to watch the shortened version. It’s painful.
Labine’ s off with the fairies but there will be those who want to believe his nonsense. Did love the bits about Penny Chasing Parasites / Bloggers /Haters etcetc.
(Ozedit: Nope.)
fake news and a fake president-what on earth is happeneing in America.
I think Ken lemoron is heading for a mental breakdown haha. Over here in the UK, Joby boughy seems to have jumped ship as he has not mentioned onecon for a couple of months now.
Incidentally, I have managed to get hold of joby’s home address, so anyone that has been conned by him in onecoin, maps or Ufun, and would like a chat with the silly little man, I can let you know where he lives.
@sick of scammers
THEW FACT THAT YOU HAVE HIS HOME ADDRESS ALLOWS A SUMMONS TO BE SERVED ON HIM -JUST GET SOME OF HIS DOWNLINE TO WRITE TO HIM ASKING FOR THEIR MONEY BACK (i think you will need to check the Small Claims threshold).
He knowingly mis sold the packages and has failed inhis duty of care to provide financial restitution since he defected /left.
Jen has some templates if you have her details.
Well done and this scheme is going to sink with our help.
While media around the world are STILL publishing and disseminating the news about Onecoin related fines, the largest Italy’s AGCM have imposed upon an MLM (ponzi), BullshitFromHome just published an interview with Italian Onecoin Leader, Luca Miatton, who invites members to come enjoy his ShakyDealer hotel offer and other benefits of using Onecoin throughout Italy … No. I’m dead serious.
(Ozedit: Marketing spam removed)
Any OneCULTists reading this article on BSFH should hurry to take advantage of this asap, “while the gett’ns good!”
Total Waste of time!
mailchi.mp/a2a17332ee25/jxkey6m9c9-701021?e=a0e0b3336a
Oh, gee, you need a lecture on how IPO works? Wikipedia and Khan academy have all that for FREE. *sigh*
BTW, checking FAU’s graduate program shows they don’t offer a Ph.D in finance… Hmmm… fau.edu/programs/ (search “doctoral degrees”)
@Moi
You may all remember that levels 6 and 7 were penned by some unfortunate African academic who had been set up.. As they say I didn’t have any education so I had to use my brains!
Now this double doctor (two more than Ruja?)has been sucked in and her reputation is finished). Remember Casilis who wrote the Macau White paper for future blockchains- not onecoin shit for today).
You can rest assured that this will be generalised low impact stuff -cos that is what the client (Onecoin) understands).
As one of my bosses used to say B.Sc = bull shit crap, M Sc =more of the same crap and Ph D is piled high deep!!!
Still she understands Supply and Demand -no one else will get involved.
Look forward to her career obliteration and sacking from her universities -get in touch in America and Spain.
ASSOCITED WITH oNECoIN AT ALL -REMTWO MORE THA rUJA!
Come on Kasey, you know this doesn’t mean anything. It had to be a typo, or it was the other Florida Atlantic University that caused the confusion.
Kasey, FAU does have a doctorate program in finance in their school of business: business.fau.edu/masters-phd/phd-program/finance/
The question is did she actually teach there as claimed in her bio. Inquiry made to the school to see if she did and what years she taught there.
According to her LinkedIn profile, she got her PhD in 2000 from FAU.
^ Now that nutcase Igor Krnic already created a topic how “they (haters) invented” that Dr. Porras didn’t have a PhD.
You have to check caredully what you post, because those scammers like Labine and Krnic will use any single incorrect message like that, and they will use it for their own agenda.
Of course Krnic also claims that OneCoin can’t be a scam because Porras made them some education material. *facepalm*
Much more likely is Porras has absolutely no idea about OneLife and OneCoin, just like was the case with Dr Ülkü from University of South Australia, who provided education material for OneAcademy, but had no idea about any cryptocurrency when Tim called him:
ttp://behindmlm.com/companies/onecoin/onecoin-now-laundering-funds-directly-through-affiliates/#comment-373804
But Krnic has the exact same tactics as OneLife in general; trying to validate the scam with names like Porras, who most likely have absolutely no idea what they got into.
We will try to contact Porras regarding this case.
Not my problem if their website ain’t linked correctly, eh?
If you check that old case, Dr. Ülkü from South Australia said he was also asked to make a lecture about IPO. I guess he refused so they had to find a new victim?
Finnish police investigates financial crime around OneCoin. The investigation is well on the way to the prosecutor.
http://online.vasabladet.fi/Artikel/Visa/154821
Finnish police investigates financial crime around OneCoin. The investigation is well on the way to the prosecutor.
FULL ARTICLE:
http://online.vasabladet.fi/Artikel/Visa/154821?shareID=158079-f1b2dc0c67
Google translate of the full article (Swedish to English) seems to be quite accurate and readable. Translation to Finnish was a mess.
Here’s what is going to happen when the Prosecutor files any charges against whatever entity of OC operating in Finland, Dr. Ruja will blame it on rogue IMA’s. The action will not be against OC/OL.
Interesting isn’t it how Ruja cannot control all these roque IMA’s and they can’t properly promote OC/OL especially when they are “Leaders” in OC/OL.
Hi all…
The Dutch Gaming Board issued a warning today for products such as Educational Cryptocurrency packages of which the value is uncertain or questionable.
Onecoin was specifically mentioned in the article (bit.ly/2vetcYr) because last year the Dutch AFM (Financial Authority) also listed warnings from the UK and Belgian financial authorities on its website.
About Eva R Porras.
It seems that she is a genuine researcher, who published several academic papers in OK-ish scientific journals (even though as of today she is affiliated to some unknown online university).
Now something fishy: she coauthored a scientific paper in 2015 with a certain… Numan Ülku:
Porras, Eva, and Numan Ülkü. “Foreigners’ trading and stock returns in Spain.” Journal of International Financial Markets, Institutions and Money 34 (2015): 111-126.
If I am not mistaken, it is the same guy who worked previously for onecoin and pretended he was abused… I let you draw your own conclusions.
@Victor- indeed! I contacted professor Numan Ülkü, who lives in Australia and who explained the professional manner of film crew who showed up from Bulgaria to contact him for said video lectures.
He asked for more information regarding who/ what Onecoin & Founders was, as is alleged, to which I emailed him plenty. He never replied, but I assume he received these.
I also have no knowledge as to whether he discontinued working for “The Academy.” One thing here said (hopefully referenced in my other notes more clearly) was that One Academy sought Grant Money or Sponsorship of some sort (don’t quote me as I need to defer to my notes on the convo).
The university denied the proposal. At some point I’ll try to find these notes or reach out again to Numan Ülkü for further clarification.
He SEEMED unaware, at the time, of the controversy surrounding his contacted employer, and also stated that he was paid well for the “contract work,” which he didn’t immediately believe to be an issue (again, this is how I recall the conversation, which took place maybe beginning of this year or end of last).
Hopefully Eva Porras will issue some statement.
@Tim Curry
Tim —what have you been able to establish re how gift codes work and what advantages did it offer the scammers eg extra profit, money laundering, tax evasion, trust and greed -or all of these etc?
And has Pehr Karlsson left and Juha. HOW RELIABLE ARE THE SOURCES?
Well done as usual and hope you smash Principe for enormous damges.
@cryptokill – SSSHHHHHHHHH!!!!! 😉
OneLife | Frank Ricket, in Gothenburg – How OneLife is Completely Legal and Compliant:
youtube.com/watch?v=2k1C…ature=youtu.be
Even Frank Ricket confirms 22:18 into the video that Onelife is a MLM company (Courtesy of commentator at FlashPoint).
Onecoin LTD added (12/7-2017) to FI (Swedish Financial Supervisory Authority) Warnings List:
fi.se/en/consumer-protection/researching-a-company/about-investor-alerts/
F**k Off Frank Ricket, you scammer shit.
Yasir Mirza !! Seem he left onelife!! Shorife Ali too!!
Wow!! Only idiots stay in it now.
TBH, the Swedish list links to Austrian Finanzmarktaufsicht warning:
https://www.fma.gv.at/onecoin-ltd/ of the same date. (Apparently the Swedish site gathers warnings from across the globe – good for them!)
Nevertheless:
Is true Otto. Some countries that share the fundamental regulatory “likness” to Swedish law/rules might get put up on the list, and indeed it got its spot their based on Austrias FMA findings.
its relay a list of shitty companies, should help the criminalcase against onecoin/onelife move forward, and also put a bit of fire under the ass of the IMA active in Sweden.
Might be the reason why Navid Tavakoli and Max Milian Nilsénius jumped ship this summer (best to promote some new scam, dont want their shitty scam company Intowin AB to closely connected to a rotten apple like Onecoin).
Pretty sure Intowin funneld funds from scammed sweds to Ruja (our her mum).
Pakistan Authorities now moving on Onecoin?
@Jakob
Seems Atif Malik, another Diamond Leader, also gone. The lot of them seem to have moved over to FirstCoin. Ironically, Mirza posted a notice on his FB a few hours ago,
“Need Urgent Bitcoins…In Dubai …inbox me…”
There are now least 1,071 “cryptocurrencies” now listed on coinmarketcap.com. ANY ONE OF THESE 1,071+ can be turned into bitcoin.
Onecoin, “the future of payments,” cannot even be turned into any one of those 1,071+ coins. But on the bright side, it’s blockchain …*cough *cough …can process more transactions than Visa/ MC. LOL.
NOTE TO ONECULT: YOU’RE DOING IT WRONG!
The ONLY purpose of blockchain is so participants do NOT have to “Trust.” Because through MATH, they can confirm and verify, themselves.
BREAKING NEWS x2:
Some knucklehead OneCULTists are posting the following nonsense and images:
“OneLife Onecoin Announcing Biggest News. OneLife Has Received No Objection Certificate from SECP for Registration & We Have Provisional Certificate from Direct Selling Association of Pakistan (DSA)”
Just hours later, the REAL News Stories began popping up telling a much, much different story: dai.ly/x5y3ppq
*translation for those who don’t understand Urdu language:
(thx to Pk from Onecoin Victim Support Group for trsl8, albeit rough)
Yasir is a total scammer and I hope he is arrested if he ever goes back to Luton in the UK or better still in PAKISTAN.
He was reputed to have fallen out with Dr Zafir some months ago but he still turned up for Conferences and certainly was brainwashed by Peter Shaw who publicly introduced them on stage in London about 18 month ago or so.
@cryptokill
Peter Shaw! Big Scammer!
You told us many times you will be up in court with Peter Shaw and Pehr Carlsson. What happened and what will. I mean this is interesting.
What happens, really? Take UK for an example.Kieron Vaughan where is he, what is he doing?Nothing happens to stop this SCAM ONECOIN.Nowhere.Just Warnings.Aroud the whole world, except for India and China withhin().
“Onecoin ‘Surprised’ at CSSF Warning:” Lol
mobile.news.paperjam.lu/news/onecoin-surpris-par-lavertissement-de-la-cssf
Yes they have issued writs and other threats but conveniently have served them incorrectly so the lawyer is either incompetent of a decoy or both!!.
I have just emailed yasir -coped to Shaw and asked him whether he has left and has Peter gone with him as he was Peter’s protege introduced on stage to fanfare etc in London . Karlsson has not confirmed whether he has left yet (copied Ruja).
Barrett is trying to set up as a Euroscammer out of Portugal and is probably involved in the upcoming Lisbon Conference in early October -anyone going and can take videos-it is by invitation only I believe
I wonder whether this will close down before October and see that the Luxembourg CSSF Regulator just issued a Warning about OneCoin as unsupervised and to avoid dealing with them in Luxembourg -pretty open for a tax haven and hopefully Arens is in their sights as he was a Luxembourger banker before he became CEO of the Company and introduced the much heralded Whitepaper on the new Blockchain in MACAU a few months ago . Doesn’t time pass quickly in Rujaland !
If any of you know Barrett’s Portuguese address that will be very helpful as I cant issue him with a writ over email
@Tim
“We do not see any reason for this warning
The OneCoin Press Service”
I petty this man Arens.I wonder about hisIQ.
Patience and justice will come eithher way
@Tim
I petty this man Arens.I wonder about hisIQ.
Patience and justice will come either way.
I had an exchange with Igor Krnic about Juha, and here is his reply, and I quote:
Plus he told me to stop writing about Juha. Yeah, like that is going to happen.
Onecoin IQ
yews Pierre does come across as a bit challenged and poor impact but this is More than made up by Ruja’s amazing intellect and her IQ (unsubstantiated of course and technically impossible) OF 200.
however, she does seem to surround herself by such colleagues so maybe that is how she is relatively seen.
If the press office do not see any reason for the warning –which they at least acknowledge– they might ask Pierre Arens– their new CEO– to get in touch with his banking contacts in Luxembourg and they surely can tell him .. Alternatively look up the CSSF where the warning is published in English .
Yet another bad week for OneCoin but more importantly for the millions who can’t get their money out and are just sitting their in denial.
@TIM CURRY
Yes the Papejam article (post 59) has more background detail then the CSSF and although I do not speak fluent french I can get by with franglais –a mixture of french and english .. See what i mean as the article quotes OneCoin as having “une reputaion sulfureuse”, is a “system Ponzi” et similar to “Bernard MADOFF”
And who says the English are bad at languages—Merde!!
What a week. Had some major PC issues this week that I’ve finally sorted out today.
Should be back to regular publishing schedule Monday onward.
Glenn Smith, an early Onecoin scammer, just posted the following QUOTE on his FB page:
You may remember Glenn Smith pimping his Onecoin ponzi, as a typical cliche greasy slimeball promoter, for which he plays the perfect part, here: youtube.com/watch?v=rGwQaMoNhZE&list=PLNd2ZoSU2uzco0glNsCdLZx04YyaawvAZ
Smith must have had a “falling out,” just like Pehr Karlson, Juha Parhiala and several dozen other leader/ liars who’ve themselves been lied to (about other than the obvious – ie., fake blockchain – many of them already knew that part).
Check out this asshole pimping FOUR FANCY WATCHES, like the pimp he is, while signing the finger signature for Onecoin “value!” facebook.com/photo.php?fbid=1040739962626811&set=a.145044845529665.21307.100000724504823&type=3&theater
Well, who would’ve thunk? He’s got a NEW KleptoCurrency SCAM now called “ORMEUS” – I mean, where do these douche-bags even come up with the names for their newest scams!?!
I really hope the gauntlet is thrown down on these a-holes soon!
Here’s this dirt-bag’s latest promise:
Here’s some more vaseline he applies to the victim’s balloon knot:
SCAM SOURCE (which this grease-ball is now promoting): fulltilt247888.com
Hey, IDIOTS, “let me steal your money, you daft lemmings!”: fulltilt247888.com/clients
These “KINDS” of people, literally disgust me! I REALLY hope that th Authorities BEGIN to recognize how much money is being STOLEN by these kinds of PIGS!
We’re going to war, PIGS! Let’s do this!
Well said. I’ve been watching you “grow” Tim. Lol Xo
I hope you will reconsider limiting your amazing efforts to the crypto scam niche. Otherwise, the world will be right back at zero. Think about Zeek, Telex-free, or the AdsurfDaily’s of the past. Do we want OneCoin to simply be added to that list and be replaced, because the action is all the same in the end!
LET US GET ONECOIN OUT OF THE WAY FIRST AS THERE WILL BE SERIOUS REPERCUSSIONS. FOCUS IS NOW THE KEY -WE CAN BREAK THEM THIS SIDE OF CHRISTMAS.
THEY CAN HAVE THEIR CHRISTMAS DINNER AT THE GALA NIGHT IN LISBON AT THE BEGINNING OF OCTOBER -FOR THOSE WHO DARE TO TURN UP.