Two more OneCoin arrests, money trail leads to Bulgaria & Mauritius
The interrogation of Indian OneCoin affiliates in custody continues to pay off, with a continuing investigation by the Mumbai EOW leading to two more arrests.
While OneCoin is notorious for laundering money through shell companies at a corporate level, the Indian investigation is revealing how things work on the ground.
The EOW arrested Amit Kedia and Nayan Patel on May 8th and May 12th respectively.
Tushar Doshi, Deputy Commissioner of Police (Crime Branch), said, “Patel had left the country and we issued a lookout notice to the Airports Authority of India seeking his detention.
He had travelled to Hongkong from Dubai and was nabbed at the Mumbai International Airport while trying to re-enter the country.”
Hong Kong puts Patel near the recent OneCoin Macau event but whether he attended is unclear.
Dubai meanwhile is believed to be where the financial side of OneCoin is coordinated (money laundering, setting up shell companies and bank accounts etc.).
Mr. Awate said, “The money trail of the one coin scam led us to two accounts named Premium payment solution.
One account had ₹19 crore and the other ₹5 crore ($2.9 million and $776,579 USD). Kedia was the director of the first account, but owned just 0.1% of the money.
He was made director because as per Indian government’s rules, a foreign investor needs an Indian director as partner while opening a bank account.
Whether Kedia and Patel are OneCoin affiliates is unclear.
It should be noted that OneCoin has a history of recruiting local individuals to run money laundering operations through.
Many of OneCoin’s shell companies and real estate in Bulgaria, for example, are incorporated through a taxi driver based in Sofia.
“Kedia was not aware of the transaction, but he grew suspicious. He wrote to the bank informing his resignation as the director of the account and requested the bank to freeze the account.
After keeping the account under observation for six months, the bank froze the account in February.
Unable to make transactions, the main accused based in Mauritius and Bulgaria opened the other account. The ₹5 crore has been seized.”
The two accused individuals are Mary Beyance from Mauritius and Ereena Andreva Belkinska from Bulgaria. Their current whereabouts are unknown but both are now wanted by the EOW.
There is a striking similarity between Ereena Belkinska and Irina Dilkinska, OneCoin’s Head of Legal and Compliance. Whether the two are the same person (bad spelling?) is unclear.
After the bogus account in Kedia’s name was frozen, Beyance and Belkinska set up new account in Nayan Patel’s name.
As a precaution against laundered funds getting frozen again, this time deposits were quickly cleared out.
Patel was promised a monthly commission.
Mr. Awate said, “Patel was unware of where the money was being deposited into his account. But he observed that money was deposited frequently and transferred or withdrawn immediately.
Money was not kept in the account for a long period.”
The EOW has frozen 35 accounts used to deposit money into the account.
Details of the thirty-five accounts used as feeders into the primary account in Patel’s name have not been disclosed. The Patel account itself was likely feeding a master OneCoin account held offshore.
The EOW hopes to arrest more people as investigations into the money trail proceeds.
To date there have been twenty arrests in India in connection to OneCoin.
In related news, OneCoin’s Founder Ruja Ignatova recently announced she was taking questions for an upcoming “live webinar” on June 14th.
Perhaps she can explain to OneCoin affiliates why she hasn’t flown to India to personally explain to authorities how OneCoin isn’t a Ponzi scheme?
I’m sure the EOW would love to sit down for a chat…
Gerlach Report are reporting Nayan Patel and Amit Kedia are top OneCoin affiliates with photos:
(take everything else with a grain of salt)
Former Onecoin promoter (for 3 mo.), Yusuf Chambers, a well respected personae in the Islamic community has become increasingly vocal in his warnings against the Onecoin scam; as previously mentioned. Two recent FB posts have garnered a lot of attention and debate:
OneCoin SCAM WARNING Pakistan India Worldwide | URDU/HINDI | Azad Chaiwala Show (~24,000 views)
Hopefully this reaches even more people in the Pakistani, Indian and Islamic community, abroad.
Yusuf Chambers falls way short.
OneFish is merely one of many dishes served at “Chez MLM”. It’s the restaurant and owners that are filthy and poisonous.
What good is it warning about the taste and texture of a particular food when it’s the business plan that’s corrupt? If he’s going to warn people, don’t do a half-ass job. He should be warning about endless chain recruitment opportunities coupled with the OneCoin warning.
Chambers said……..”information is NOW surfacing to show it may not be what it claims to be.”
NOW? Who is this guy? What a load of crap.
#1 This has always been an MLM
#2 We’ve been talking about it for years.
The person in charge of compliance for oncecoined is a South African Borat type called Duncan.
Other info coming from India, is that the arrested distributors of course not the real big fishes, are left without any help from OneCoin.
Ruja had apparently stated right after the arrests to some other Indian leaders in Macau, she would do all it takes and help to get their distributors reputation cleaned.
Now it are even other OneCoin members who are paying for the lawyers and like always the top guys like Juha, the Steinkellers, Igor are nowhere to be seen or heard.
Bulgarian is written in Cyrillic so I’d say it’s 99% likely it’s the same person and “Eerena Belkinska” is a dodgy transliteration.
Biggest Joke ever… Some words from CEO Pierre Arens”
Hey there Man,so the rest of the world are lying except from The Ruja and Co.Well, you are now talking like a real Scamcoiner.
What about India and Italy. Lies as well???
Well, you have a hell of job trying to rescue OneCoin/Life.
Seems Yusuf Chambers it trying to play it safe by walking a thin line. He wants to warn people about OC, but on the other hand doesn’t want to say too much to receive a cease and desist letter from the UK Solicitor Firm Carter-Ruck.
I also think he is trying to sanitize and minimize his role in OC at the same time. He has done more to warn people than the Islam brothers did with their non-explanation why they left OC and refused to issue warnings as to why.
At least he is warning people and hopefully helping prevent new victims from joining.
Except 100% truth is, that there is no blockchain. Thus no legal cryptocurrency, in my opinion. So what have people been sold all the time?
So what have people been sold all the time?
Unfortunately OneCoin legally wasn’t a “cryptocurrency” I think I saw some ware in terms and conditions that OneCoin is just play money and it was suppose to help you “learn” how to trade real cryptocurrency. That’s why all legal opinions were in regards to “Educational Packages” and not “OneCoin” it self.
That’s why everyone has a hard time prosecuting these criminals. And OneCoins “blockchain” was always only suppose to simulate a real blockchain since a blockchain can’t be centralized by definition. And the best charge you can have there is misrepresenting you product.
It’s a tricky thing to prosecute since you being an idiot and paying 200K for “education” is not really illegal in most places.
They need to prove that in fact they are selling financial investments. OneCoins you get for free you don’t technically buy them and that is a problem.
This is why they cry “Education Education” every time some one gets arrested. It’s an obvious scam but proving that in court is much more difficult.
That’s why they are more likely to end up prosecuting them for money laundering or tax evasion then some other charge.
I don’t think a regulator in any country would have any problem convincing a judge or jury that nobody is paying 200,000 EUR for recycled freely available content.
Not without the attached Ponzi tokens (business opportunity). And that’s all they’d have to show.
OneCoin could counter by demonstrating people have spent 200,000 EUR without the attached tokens, but that’s not possible in the Ponzi business model.
You would be surprised what kind of tricks people pulled in eastern europe and courts could do nothing to them
A mugger walked up to a victim on a street at night with a brick and demanded money but with words “Buddy , buy this brick”, after victim handled his wallet a mugger gave the brick to victim and left. The court could not convict him of robbery but of “illegal sale and speculation”.
Pubs and restaurants in some countries are forbidden to sell cigarretes , so they offer you to buy an overpriced lighter and give you a pack of cigarretes “as a gift”
In some baltic countries it is illegal to sell alcohol at night , so the stores introduced “rent-a-bottle” trick,
shopper would rent a bottle of liquer for a “security deposit” which is equal to the price of the bottle and had to return that bottle untouched the next day , if he does not return – strore keeps the deposit 🙂
This is giving the scammers far too much credit. The reason these scams aren’t often prosecuted is because the police put more priority on murder, rape and robbery – crimes where the victims don’t choose to be victims. Not because of pseudolegal cleverness.
Assuming this actually happened and isn’t an urban legend, he didn’t walk free because of this genius bit of legal trickery. He walked free because he knew who to bribe. Judges and juries aren’t *that* stupid.
If you want a legal argument, there is no valid contract for the “sale” of the brick because the buyer was under duress, and taking the wallet is still theft.
According to the cryptoqueen herself in January 2016, “… we are not a network marketing company. We actually are in financial services”
Niksam — now use a fish analogy… 🙂
Due to recent legal flexing by Onecoin related interests, Mr. Chambers IS cognizant of such intimidation. That said, he’s also committed to a strategy of publicizing evidence and available facts. That’s all I’ll say for now.
OneCoin scam to be EXPOSED on BBC TV (prime time show) – Jen McAdam Zoomcast May 19th 2017
A Big Thank you to all attending the zoomcast web and for all the energy you put down to expose the worlds biggest CryptocurrencyScam…
I agree but that what the terms and conditions are for. If no one complains about that they misrepresented what they were selling they can start the case.
The problem is that from the top to the bottom most of the people involved are criminals and did something that could land them in jail. Even people that lost money are afraid of getting arrested so they all play this game of everything is fine.
I fear that RiperZec is true: that the OneCoin scammers might have devised a system that could stand in court surprisingly well. This is where Ruja’s legal background might have come handy.
There might be some legal technicalities and loopholes to exploit in their favor and the judges/juries may not be easily convinced to form the right opinion in novel and arcane matters such as cryptocurrency if scammers play the right cards to obfuscate.
I’m likely wrong in my fears but never underestimate how imperfect world we live in. Even in countries that have generally good and clean legal systems there is no shortage of cases that defy our sense of justice.
Hi Riper Zec and Semjon.
most of the facade legitimacy is closed or non existent eg Whitepaper (3 years after the start and related to the future apparently), auditors (auditing what and where did Dimitri go), Dealshaker Only 970 k to go to meet the million- merchant target by year end, xcionx generally closed or inoperable–remember 4 months wait for KYC upcoming IPO– ask Ricketts how he managed the last crash..
Add in 429 pages of educational material with no mention of OneCoin ,also looped slides to simulate a blockchain in the back office, 12-14% notional OneCoin interest on OneSave and the list goes on and on!!!
Post 17 confirms that if any of these threats are substantive the lawyers will have to spend a lot of time and OneCoin’s money coming up with strategies which will stand up in Court .. Yes the world is a funny place and that is why television Programmes are transparency are great to out these schemes and the people in them.
Legal threats are just threats and the Team are ready for next developments with more to come regarding suing uplines ,countering lawyers and coming clean to your downlines steps.
It even appears that Irina Dilkinska, the Corporate lawyer may have been arrested and questioned in Bulgaria (UPDATES ANYONE?).
So Ruja (not a doctor after all?) with her superwoman intelligence (Mensa 200!) will have to amaze 3 million affiliates.
Yes I am sure Affiliates don’t wish to own up but keeping up this facade is not only totally illegal but also extremely harmful.
more advice to follow…
Dont forget the MoneyLaundry.
Bye the way, Sebastian Greenwood, you ExSwede what have you done to yourself? You have faded, what are you smoking? Soon you’ll be braindead if you are’nt already…
@cryptokill – Class Action Lawsuits are onerous, complicated and take much time. But one of my best friend’s partner’s has been litigating Class Action Lawsuits for over 20 years.
I met with him on Tuesday to discuss the requirements necessary for putting together the prerequisites of forming a case against Financial IT Magazine and Chris Principe for their publication and promotion of a REPRINTED magazine issue which was not distributed to the general public, but created almost exclusively to legitimize the Onecoin Ponzi scam SPECIFICALLY to continue attracting HUNDREDS OF MILLIONS OF DOLLARS into the scam.
Based on his Tours in multiple countries, his videos on the subject which have literally been mirrored on hundreds of Onecoin affiliate YouTube channels, as well as the company itself releasing an expensively produced video specifically highlighting the issue, he said that POST-collapse (and once there are enough victims who will come forward), there is likelya case there.
I’ve already begun circulating questionnaires as to what where are some of the defining moments that solidified your promotion of onecoin. Principe and the Financial IT issue were at THE VERY TOP.
I’ll keep you posted!
I don’t know about EU but in the US “terms and conditions” don’t matter if you’re committing fraud (ref: Traffic Monsoon).
Trust me if they where as big in the US this would have been shut down years ago. With the EU no one knows how to deal with this sort of stuff and as long as they see money coming in and they get paid they would much rather wait for the collapse then do something about it.
And as long as they keep the “Education” travesty all the stuff about onecoins “blockchain” and “cryptocurrency” is irrelevant.
What bothers me in terms of court case against OneCoin is the example of Wincapita, the biggest ponzi-scheme in Finnish history.
Even when the scammers got convicted, the court case was not “slam dunk”, the court vote was “only” 3-2 in favor of guilty conviction. It was very complex legal and investigative proceeding (e.g pre-trial investigation material was over 50 000 pages), some still in process.
Recently, a pro-Wincapita person in legal profession wrote a over 300 page book on how Finnish courts and investigators made crude errors, and argued that the Wicapita defenders could have won if they have chosen better defense strategy and Finnish authorities hadn’t made those mistakes.
I think he claimed for example that the court case and investigations shouldn’t have been done in Finland because the Moneybookers bank account was registered in London and some EU legislation shouldn’t have been applied because the company itself was Panama/Wyoming based and had only customers in Finland.
Now, think about if there is a Onecoin trial — but in Belize or Dubai…
Btw, it is funny and ironic that Onecoin leader Kari Wahlroos was one of the plaintiffs in the case against Wincapita. The Wincapita scammers stole his money, but now he himself is preying on stupid and greedy.
Please contact Oz for my details as I want to discuss legal templates and your comments sound as if you are knowledgble.
Apparently the BBC is going to do a story. I can only hope the headline is…
“Another MLM and it’s affiliates have duped people out of millions – this time using a cryptocurrency facade”.
Talk about shameful.
Jen McAdams and her cohorts bashing OneCoin while some of those same people are pimping other scams such as GCC. See the lovely exchange between those two here:
And read about the scam here:
And that’s just one I found. I saw another post which led me to another page who was pimping Questra. I could go on….
The burning question is what scam will Jen McAdams move to or has she already – AND WILL THE BBC ASK HER?
To put this in context (again):
You can’t go around bashing a deadly accident caused by “Patron Tequila” (OneCoin brand) and then support drunk driving (MLMing) and drink drive yourself!
I can’t wait for the GCC scam to crash!
Nope, throwing gold on **** doesn’t make **** smell any better.
SpeakAsia tried this back in India, where the court system was already obtuse and slow.
SpeakAsia did all the same things: launch a huge expo, paid people to attend, use the buzz, claimed association with everybody famous, hired a bit shot attorney (who quit after a week), had a fan group (who paid off one of the plaintiffs to get the lawsuit dismissed) tried to import TVs from China and claimed they are actually a SHOPPING and deals service (TVs and fake iPhones, among other things).
Took Indian police and courts YEARS to sort them out, but they went down in the end. The story was the head escaped India but died of cancer in Singapore or something.
Jen McAdam is DONE with MLM according to herself. Jen is THE ONLY leader who has set up any sort of victim support group.
Not being in the Group may make it difficult for outsiders to understand her sincerity. However, those in the Group have listened to Jen go through a wide range of emotions and have taken the responsibility for having recruited friends and family into a scam.
She has apologized for this numerous times and with high emotions and is committed to seeing this group through until justice is served and the long process of asset recovery is initiated.
I won’t speak for anyone else, but as for Jen, her intentions are strong and she is perhaps THE ONLY leader who is actively working to further expose the scam and scammers and build the support group, which has surpassed 100 victims and is growing every single day.
I agree with Tim. Jen is doing right now amazing job in the fight against OneCoin and she is VERY valuable person in this fight.
Personally I haven’t seen her promoting anything recently. She is doing amazing job at the WhatsApp OneCoin support group, where she is strictly supervising the non-promotion policy of that support group.
Having personally discussed with Jen, my opinion is that she is a very honest person, who is truely trying to help OneCoin victims and giving all possible information to her downline and police, after she realized OneCoin is a scam.
Hi everyone and especially to Char,
This is my first time ever commenting on behind MLM and I felt after reading your comment Char that it was time I do just that and set the record straight once and for all. Quite simply I am utterly amazed at how people are very quick to assume and make comments when they have no idea of the truth.
Such a pity that you felt the need to make this comment here firstly without directly asking me, since you have obviously read the post it would of been a simple effort and gesture to reach out to me by sending me a fb message and ask me directly and I could of updated you there instead of on here but since this is the platform you have chosen I will update you on here and rather than assume I can tell you.
I am NOT in another MLM opportunity and I will NEVER be again. I wake up every single morning sick to my stomach at the thought of it, what we have went through and what we continue to go through on a daily basis, unless you have been on a similar journey and experience it’s impossible to understand entirely, I’ve sure learned that over the last two months.
I don’t expect many people to understand nor do I expect any sympathy either. My focus, empathy and only concern at this moment in time is to help and support onecoin victims which include my downline and other onecoin members who are joining the whatsapp support group daily.
I created the support group two months ago for onecoin members who were waking up to and are continuing to wake up to the reality of what is actually going here within onecoin and the reality that the thousands they have sent to onecoin is lost in a massive global Ponzi fraud scam.
This has been my only focus over the last two months to help and support my downline and other onecoin members within the support group, seek the whole truth, see justice for this AND raise continuous awareness with the intention to reach as many people far and wide to stay away from this scam and I have been doing this and ONLY focussing on this 24/7 for over two months now.
After initially speaking to DC Kieron Vaughn from the London City Police Investigation Unit in the UK 2 months ago and reviewing further documented information this is what I believe OneCoin to be a global Ponzi fraud scam.
Regarding the fb post you are referring to which I haven’t been able to read yet (I will) I can comment without even reading. You see Wes Garner was a member in Onecoin who also invested €9000 into OneCoin and became a great friend of mine within the networking industry.
It was Wes who first alerted time to the serious issues at that time within ODT GO PRO leadership in the UK and from that moment in time we put pressure on the leadership for answers, Wes was relentless on fb lives in outing the UK leaders and demanding answers, it was during this time leaders began to contact us both individually and their answers were all different.
Through this we found out their lies BUT we then also found out that not only were there serious issues and concerns within the ODT leadership but also in OneCoin and this is when an emergency webinar was held for my team and the support group created.
Wes is a dear friend of mine who has chosen to stay within the MLM industry and that is his choice. His partner is Lisa who you are referring to I believe regarding the fb post you have assumingly commented about.
They are my friends and are content within their business and are building that within the MLM industry. They have been an immense support to me through this horrendous journey and in return I will continue to be a support to them without making any excuses for that either.
So to confirm I am NOT in another MLM opportunity and I will never be in another MLM opportunity. However I have many dear friends in the MLM industry that I supported then and will in the future.
RE Your comment on BBC and burning desire I think that’s overly aggregated but I will say I was asked by them what I think of the MLM industry and gave my reply to that.
Now that I have spent nearly 30 minutes replying to your assuming unnecessary comment I’m sure you won’t mind me getting back to the support group and focussing on what really matters here, the victims!
PS My mother left me with a valuable lesson for life and that is ‘never assume.’
Have a great evening,
RE supporting friends in last message I was not referring to OneCoin.
I am actively involved with Jen regarding building legal cases against OnecOin and its leaders.
I agree that she has been brave in attacking OneCoin and is now dealing with threatened writs from UK Lawyers . I do not think that would have happened if she was not truly overwhelmed by this scam . Good luck to her ..
I imagine she will ensure due diligence for the future and of course she will have to face an uphill ride re-entering MLm if that is her right and I believe she will have learned from this.
After all 3 million of us screwed up and presumably about half a miilon have some kind of downline –cut some slack.
Your reply is appreciated. To clarify, I made NO assumptions as confirmed by your post!!!
I’m glad for you that you will not longer partake in MLM, but your friends are. And you support that???!!!!! They condemn OneCoin, but are pimping another? That’s Ponzi playbook #101. Hasn’t there been enough loss?
Your goal may be the present OneCoin victims, and that’s great. But, for 15 years my goal has been the past and FUTURE victims of MLM. Do you know how many times we’ve been through this very same scenario over the years? OneCoin is nothing new!
My comment is necessary. Had the very same comment been taken seriously years ago by someone else , you might have have been spared this fiasco. Don’t you get that? THAT IS AND WAS MY INTENTION and will continue to be. Why is that so hard for people to comprehend???
You condemn “Patron tequila” while driving, but admittedly support other drivers who drink a different brand. I condemn all alcohol while driving and somehow you’re the hero and I’m the bad guy?
Don’t get me wrong, your efforts to stop OneCoin and your remorse are very admirable. I am not trying to make you feel worse. I just wish you had the desire to help stop this from ever happening again, so people like yourself won’t make the same mistake. This cannot not be achieved by you supporting people in other scams. Those people are the kind of people that involved you.
Sadly, I think you will find out, in time, who your true friends are when you don’t support their MLM.
Are you frustrated with the people who don’t believe you about OneCoin? Then you know how I feel when I broaden the scope to explain the MLM scam. The facts are there, but people refuse to see!
P.S., How many assumptions were required for you to believe in OneCoin initially? Safe to say quite a few.
There is one fact however, OneCoin = MLM
I wish you well and most of all safety for your courage to speak out.
Come down off your high horse brother.
You seem to have your terms confused.
OneCoin (and apparently any entity featured here on BMLM) is quite obviously a scam, a ponzi and uses some aspects of a system that is referred to as MLM or Network Marketing.
Cows go MOO! Cows eat grass. Therefore, sheep go Moo?
It’s quite sad to see that someone writing a comment in BehindMLM does not know that MLM does not equal to pyramid scheme.
The most common legal definition of a pyramid fraud seems to be a MLM structure where over 50% of the payments to members come from network commissions (sign-up fees of new recruitees and/or percentage of the sales of the actual product).
I personally am not a fan of any sort of MLM business but I am aware those can have a healthy business model too. However even the 49% commission is insanely high for a legitimate business, even in case of trying to grow a wide audience by paying for it.
I wouldn’t mind seeing a lower limit after which a MLM business is seen as a pyramid scheme. And this all is totally irrelevant when in case on OneCoin and other pyramid scams the payments come 100% from network commisions.
(That is unless you really want to think that they’re selling education when a victim buys a third copy of the same “educational package”. 😉 )
Guys what do you think of this crap ?
Let it be. Jen is doing truely amazing job, every day pretty much day and night. Undoubtedly much more than you have ever done in bringing down this scam which is probably the biggest scam since MMM, and helping victims.
We don’t need your BS to bring down one of the best asset we have in this fight against OneCoin scam. You are only doing harm by attacking her, so if you don’t want to apologize, then at least shut the f up already about her, if you want to help this fight.
@Sold: I believe “crap” would be the operative word here…
Mr. Arens probably doesn’t know crap about cryptocurrency. And obviously doesn’t give a crap about his reputation.
Or perhaps he’s actually sincere but just doesn’t understand crap, since anyone doing some serious research for a couple of months would have to come to a different conclusion than the crap he is spreading.
That’s fine. I’m sure Jen is hearing the same from OneCoin believers now, and probably thought the same of Tim (for example) when she believed in OC. Again, I do wish her good luck in her “battle”.
Really? See long time poster child for MLM – the Herbalife pyramid scheme. How about Amway “Merchants of Deception”, and Mark Kay “Pink Truth”
Nuff said about the “war” on this thread.
I’ll be sure to keep an eye on this one though. Lol.
Judging from the “slightly biased view on the topic” I say it’s pretty easy to guess the text for this article was received directly from OneCoin and printed by Everything PR more or less “as is”.
I’m not familiar with Everything PR so I have no clue if taking pre-written texts and publishing those is the normal mode of operation for them.
What seems to have escaped on most people’s attention is the fact that OneCoin stated some time back that no Coins could be traded anymore before the 2018 IPO.
We also heard that cash withdrawals were and still are a problem. When not limited they just don’t pass technical issues.
Has that problem been solved by OneCoin ?
If not, can someone explain me how Igor from The Netherlands made 1.9 million euro last month in commissions ?
BFH income disclaimer rules are, that you have to proof your income through bank statements, before it gets published by them. That’s how they do also regularly an update on the TOP income earners list.
Or have those rules changed too and are distributors now published when they can show virtual Coins in an ewallet. If so we will have many new Billionaires soon on that list 🙂
Well Parhiala hasn’t been making 4.6 million per month, judging from the fact he kept taking photos of himself sitting on hood of other people’s Ferraris and was trying to sell MAB license to some shopkeeper for mere 1000€. How he has gotten to that list is unclear to me.
BFH is probably accepting screenprints from backoffices, showing the amounts people have in their cash accounts. However it is unlikely that current values have even been documented in this way.
It seems more likely that BFH nowadays publishes whatever number OC reps supply without doing any due diligence.
I guess this may have something to do with the rumour that BFH is being paid by either OC or Igor directly. Considering the amount of positive attention BFH has been giving Igor and his team this would probably be the most likely scenario.
Obviously BFH is also just a business so if you pay them enough they will pretty much print whatever you like. It is not an unbiased newssite about the mlm-industry. Instead it has become more of a paid advertising site, which unfortunately doesn’t benefit the content, quality and truthfulness of the site.
Come on mate, it’s in the URL. Please don’t republish PR spam here.
Lots of noise at the moment from the believers but nothing significant happening on the alleged legal fronts where the game is being checked out at the moment .., Hey lawyers where was /is the blockchain for the last 28 months.
And as for the new CEO–lUXEMBURGER
As to where is the money coming from to pay the insane amounts being paid out monthly to Parhiala and Igor is from referral commissions. Look at how many they have in their downline.
Plus I am sure Ruja gives them a nice bonus for conning everyone to get them to join OC.
Yep. From BFM.
Because that’s reliable, lol. 😉
u guys seem a bit short a fuze!
everybody calm down is a good new plan. things are going fine arent they?
YES LET US ALL TAKE A DAY OFF OFF UNLESS THERE IS SUBSTANCE.
@anjali Attention! Please inform Indian authorities and police!
Kari is planning to come to India Delhi June 26-27.
EXSWEDE JUHA PARHIALA!!!
So youre back…Scamming even more People.
Suppose you feel safe under the wings of Pierre Arens.
I wouldnt, for a second.He cant save you, Man…
If anjali hasnt caught this call, we can as many as possible write to “Tushar Doshi, Deputy Commissioner of Police (Crime Branch) Mumbai and warn him about whos coming. The worst PP.
There’s a new and HIGHLY SUSPICIOUS article at Gerlach Report. I’m not even going to post the link here. Hopefully it will be substantiated upon from additional sources. I must be getting a whacky translation? I dunno. Truth? Trap? Other??
What a whacky web this OneCULT story weaves!
Are they actually quoting Principe or paraphrasing. I can’t tell.
Of it would be true he would’ve taken the RujaMama issue off from the website, no?
@Otto – exactly. And not only that, but it appears a new batch of FinFuture Magazine are again making their rounds in images all over Facebook and elsewhere in the hands of Onecoin leaders throwing out the symbol of expression for the value of their Ponzi coins in their other.
Originally distributed electronicly around November of last year, it seems at least a small number of these did make it to print at that time.
Perhaps, out of the goodness of their hearts they fired up the presses again so they could once again “give away” thousands of these to promoters of what the Italian Financial Authority AGCM not only banned throughout the country, declaring it “an illegal pyramid scheme,” but also decreed that anyone promoting the Onecoin scam can face fines up to €5.000.000.
Predictably, Ruja received Top/ Center placement on the magazine cover, above the words, “Movers of Our Financial Future,” which is ironically correct for many, plus a 3-page article “authored by Ruja Ignatova” (which it appears a certain someone else wrote ~3/4 of – stay tuned for more on that!), plus a story and full page ad for “One *Whirled Foundation,” then another full page ad for Onecoin (featuring a cryptocurrency looking QR Code in the bottom left corner, but which is not a bitcoin address [I’ll test some other crypto addresses to see if I can identify it]).
Following the Ruja/ Onecoin/ OneLife/ One World Foundation plugs and praise is another 3 pages of “Sharia Compliance and cryptocurrency” article. The Sharia Compliance certificate was revoked completely after only about a month (right around the time this winter, in which this issue 1st appeared).
The certificate was ONLY for Onecoin’s Coin(Un)Safe product anyway, despite Onecoin itself claiming “We are Sharia Certified!” Top Liars like McConman, Kari Wahlroos and others still declare to this day that Onecoin is Sharia Compliant Certified.
The transparent company must have forgot to issue a Press Release about this correction (and about Sweden criminal investigation reopening, and that Italy and Germany WERE directly referring “anything and everything Onecoin related,” which they’d just went to the effort in all three cases to deny via Press Releases).
The point is that this article would have made a great selling piece with Onecoin relayed propaganda all over it. Surprised its there though, considering the truth.
Even more interesting and Onecoin related than Ruja, OWF, glossy Onecoin ads and Sharia Compliance issues, however, is the VERY NEXT ARTICLE, which was written by our “moonlearning”/ “menulearning” / etc etc etc., buddy, Herve LaCorne!
SEE the 5 dozen or so references to this in comments #11 thru 100-something HERE: https://behindmlm.com/companies/onecoin/onecoins-china-unionpay-cards-disabled-public-exchange-denied/
I’m not going to say to much more about the depth of what is now known about that …for now …because it is significant, but here’s an image of a bunch of magazines with the cover image:
(Sorry, I’ll go ‘tinyurl’ next time)
@Oz – if you’d like a fresh copy of the entire magazine, please let me know and I’ll send one. I think you’ll find it quite interesting, indeed!
Ps. Or, if you have access to Onecoin back office with “coins,” because Onecoin’s “KYC” is that good, simply go pick up however many copies you like in DealShitter, where you can trade irate victim’s Ponzi points for a pack of these and other physical copies of such similar magazines with other victims whom unwittingly accept SQL Server point transfers froma Excel Sheet columns and rows 😉
Labile has a new video about me, Lol; which I’ve addressed in comments (but it’s curiously not showing up).
I COULD post the reply here, but will first wait to see what happens.
(Ozedit: url removed)
Labine ranting is pretty boring. Without addressing regulatory concerns it’s just one-sided PR spam at this point.
Another new (specific) Onecoin warning from CBCS Bank in Curacaò and Saint Moritz:
Seems they’ve issued a General cryptocurrency warning previously and that exchanges running afoul of the law could be shut down, trapping holders coins. But it appears this one is specifically against Onecoin. (Dutch not translating well on my phone ATM)
@Tim: Guess you mean Sint Maarten, Saint Moritz is in Switzerland.
Your conclusion is wright. By the way what happened to MikeR?
Labine video was unsubstantial to me and I didn’t really understand the issue regarding REVOKED. What is /was significant about this?
Thanks for the heads up Tim.
MikeR aka Mike Rowland is fine, but these names (which in fact represented a group of people) will not be used in public anymore. A new initiative is in preparation with a dedicated website with more possibilities and better protection against fake lawyers.
All old MikeR articles have been saved by the Bjorn Bercke group: rettit.no/mrbitcoin/index.php?title=Other
On the new website a part of the old MikeR stuff will be reused and new articles are in the making, starting with:
1. New conclusive evidence that the current OneCoin “blockchain” is completely fake.
2. Analysis of six new “Audit reports” (all worthless, as expected) which cover “blockchain Version 2” which started on 1 October 2016.
The official website launch will be announced here, probably within two weeks, but we don’t use a strict deadline or time schedule.
This is the official website with versions in English, Dutch and Papiamento:
Thanks for that update and for the great job you have done and will.
It seems some leaders that recently left OneCoin and are now saying it’s a scam are promoting W3coins…the newest kid around the block.
Any news regarding Irina Dilkinska as she has not replied to my mail asking what she was arrested for. Pablo doesn’t answer his mails and Pierre -the mysterious ex banker -doesn’t appear to have an email address yet. Probably lost in the blockchain somewhere.
Just read the whitepaper on the new future proof blockchain and I can honestly say -even from my non IT background -I could understand it. Cos it was essentially a review of the pros and cons of public vs private blockchains.
It was a paper that I would send out to Clients as a preamble to the real thing so I guess we can look forward to more exploration -as Pierre declared he found it all a bit difficult to decipher himself in Macau.
Dazcoin and Giracoin also seem to be ports of call for the scammers at the moment and they are trainwrecks as well.
In early 2014 my friend had a connection to …Amtrak (in brief), so we made it a goal to put a machine in a station. The name “ezCoinAccess” was an expansion of the philosophy I’d used with a team who formed a loose consortium called “AUTONet(African Umbrella Trust Organization & Network).
“African” – self explanatory
“Umbrella” – implication of working together in unity
“Trust” – vetting/ scam awareness – which was becoming more prevalent there
“Org & Net” – sharing of FREE bitcoin/ blockchain/ crypto/ tech education and materials, including investor relations to solid indigenous projects
“ezCoinAccess” was a fitting name for BTM company with similar goals. So we took the 1st of several steps in FILING the Business Name and Lic. in NV and began studying / discovering the Regulatory and Compliance hurdles of operating an MSB (Money Services Business). My partner
In late summer 2014 we found a company who was registered with FinCEN …etc …and bore compliance burdens …and therefore chose to abandon the cost, complexity, and further steps & requirements of pursuing it as a “company.”
We rather chose to simply place machines and “partner” with them as INDIVIDUAL “Location Scouts” (kinda like IMA’s in an MLM analogy[?]).
Although abandoned as a “business,” I kept the name as it continued to be a philosophy and brand and “mission statement”/ “~hashtag,” like AUTONet.
There is much more BS in Labile’s video which is just a waste of my time and breath, so unless non-scammers seek further clarification, I have much better things to do than address misdirected and diversionary tactics of liars and thieves away from the fundamental issues, being that Onecoin is and always has been a scam.
Any news regarding Dilkinska as I am concerned she doesn’t reply to over 30 mails since October-the alleged arrest were only last week!!