Older ICFO archive history of OneCoin Ponzi Scheme 1 (Comments TimTayshun)
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Osmo Joronen Head OFfice is in Bulgaria. The CEO is Bulgarian. It is not there to escape anything. : One Network Services Ltd., Tsar Osvoboditel 12, 1000 Sofia, Bulgaria OneCoin is a Limited Company registered in Gibraltar. OneCoin Ltd. official address is OneCoin Ltd, Suite 2B, 143 Main Street, Gibraltar. Ruja Ignatova CEO Nothing “secret” about it.
Thank you for your input Jesse
Jesse, I’m skeptical about Onecoin, not just because of all the negative reviews, but the issues it having with US regulations.
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Thank you, Michael, for your input which has been added to our posting archive
Onecoin is centralized. explain what that means to people. it means to control, monopoly, manipulated, hell captivity, communist. Ruja played it real well by downgrade bitcoin as decentralized and price fluctuation. Don’t get trapped. Do you want to live in the communist world or choose freedom and democracy? They control the price and control when the coin is being mined. its been more than 3 months since the Macao event on 28-09/15. Onecoin still has not issued any coin. In the meantime, they promote bigger packages and want more money put in from investors to this Ponzi. Don. Please tell the world that this B plan to scam the world… and disappeared. Billions have pulled into this scam… no products ..just worthless tokens that people fall for
In a jaded economy, where do you park your money?
OneCoin add €25,000 package, suspend withdrawals http://behindmlm.com/companies/onecoin/onecoin-add-25000-package-suspend-withdrawals/
UniverTeam OneCoin’s latest acquisition? http://behindmlm.com/companies/onecoin/is-univerteam-onecoins-latest-acquisition/#more-28297
L Pettit March 7, 2016, at 5:11 am How long will Onecoin go on before it crashes?
Dr. Don Thanks for the question. Certainly no crystal ball here, and I don’t actively participate in the forums, Q&A’s as my plate runneth over. Oz’s BehindMLM has a great following and serves as a prime info resource for this post. See his posts and join in the comments. Best to you
eunaotoleroisto March 9, 2016, at 4:47 am The, in fact, is that. Onecoin is a Bulgarian origin and Bulgarian regulator already launched a Warning, but nothing more than a warning – here http://behindmlm.com/mlm/regulation/bulgarian-fsc-regulator-issues-onecoin-warning/. As much this one is buying failed Ponzi “companies” like Univerteam plus SiteTalk and Conligus. This is going to end soon, neither in a happy way. Too much evidence but no authority is really looking at this. While Ruja pays to appear in the front page of some magazines that sell this way (fake image). This is totally Ponzi to the worst and much probably money laundry. No clue when it will end or blow, what I know is that it will cause huge damage. The numbers are too high.
Dr Don March 9, 2016 at 7:09 am Welcome and thank you for your valuable insight and comment
Avoid the One-Coin Loophole to Stick to Your Habits http://lifehacker.com/avoid-the-one-coin-loophole-to-stick-to-your-habits-1764005113
Norwegian DSA warns against OneCoin pyramid scheme http://behindmlm.com/companies/onecoin/norwegian-dsa-warn-against-onecoin-pyramid-scheme/
Latvian regulator: OneCoin modeled on a pyramid scheme http://behindmlm.com/mlm/regulation/latvian-fcms-warns-onecoin-resembles-a-pyramid-scheme/
OneCoin confirm UniverTeam buyout, victims lament losses http://behindmlm.com/companies/onecoin/onecoin-confirm-univerteam-buyout-victims-lament-losses/
OneCoin Completes Acquisition Of Univerteam https://www.businessforhome.org/2016/03/onecoin-completes-acquisition-of-univerteam/
OneCoin confirm UniverTeam buyout, victims lament losses http://behindmlm.com/companies/onecoin/onecoin-confirm-univerteam-buyout-victims-lament-losses/
MOI March 13, 2016, at 2:19 pm, Hello there. The latest news from the Swedish Investigation flashback forum onecoin. All the education packages are copies from different authors. Copyright law… Norway and Latvia Warning people from OC. You find the info at behindmlm. So the Catastrof is coming closer and closer.
Dr. Don March 13, 2016, at 12:48, am Thanks for the update, comments added to post
Ignatova laundering OneCoin funds through mother http://behindmlm.com/companies/onecoin/ignatova-laundering-onecoin-funds-through-mother/
OneCoin suspend Mastercard approvals & withdrawals http://behindmlm.com/companies/onecoin/onecoin-suspend-mastercard-approvals-withdrawals/
OneCoin Mastercard merchant part of a drug gang http://behindmlm.com/companies/onecoin/onecoin-mastercard-merchant-part-of-a-drug-gang/
subhash chandra March 21, 2016, at 11:06 pm can we do invest in one coin cryptocurrency….? plz tell me this is a safe investment..? yes or no…? if this is a scam plz tell me.
Dr. Don March 22, 2016 at 6:50 am Thank you for your request. The original post from OZ of BehindMLM certainly paints a dim picture (raises” Red Flags”) of OneCoin to turn most potential investors away. See both the original post and the Archive to find additional red flags. So-called “Earnings Reports” mean nothing if you cannot take out the money and put it in your own bank. Earnings are Earnings and Cash is Cash. Also, I consider OneCoin and another UFund’s UTokens as Bitcoin knock offs which would keep me from considering them as an investment. See our Bitcoin posts for more information about the risks of cryptocurrency. Finally, I believe investors should invest Only in something that they know and understand to minimize their risk. Hopefully, this answers your request.
Swedish police launch preliminary OneCoin investigation http://behindmlm.com/companies/onecoin/swedish-police-launch-preliminary-onecoin-investigation/
OneCoin Ponzi Scheme Adjusts Tactics To Recruit More Members http://themerkle.com/onecoin-ponzi-scheme-adjusts-tactics-to-recruit-more-members/
OneCoin Appoints Ed Ludbrook as Chief Learning Officer https://www.businessforhome.org/2016/03/onecoin-appoints-ed-ludbrook-as-chief-learning-officer/
The OneCoin Ponzi scheme is gaining a lot of traction in Scandinavia. Please let people know they are a bullshit scam. https://www.reddit.com/r/Bitcoin/comments/4bowfd/the_onecoin_ponzi_scheme_is_gaining_a_lot_of/
Reddit reacts to “bullshit scam” OneCoin http://behindmlm.com/companies/onecoin/reddit-reacts-to-bullshit-scam-onecoin/
Top Leader Daniel Grenon Joins OneCoin https://www.businessforhome.org/2016/03/top-leader-daniel-grenon-joins-onecoin/
TimTayshun March 29, 2016, at 5:19 pm I’ve been very active in the Cryptocurrency space for just over 3 yrs. I’ve been following Onecoin for 12 months. Each and every month that passes reinforces the convictions I held in January 2015: that Onecoin is a complete Ponzi scheme in which new recruits money pays existing (veteran) commissions and keeps this somehow rolling. As the pyramid widens, so does the frequency of payouts to the first movers (as with any illegal pyramid scheme). Already, Onecoin Facebook pages are flooded with representative affiliates who cannot cash in “earnings” or investments (see their FB pages for yourself). What this translates to is 1.) early members seeing actual profits 2.) “middle movers” seeing periodic payouts, or more popularly “crs” to their “cash accounts” (which is not MONEY until it is actually transferred [expensively] to their bank; and 3.) “late adopters,” whose accounts are frozen or delayed by illogical, but convincing [at times] “holds” on the processing mechanisms in which to “mine,” “sell,” or cash out). This pisses me off!! Why?
Because this is ABSOLUTELY a Ponzi scheme, due to the fact that Onecoin offers NO NEW TECHNOLOGY worth touting or sharing. And is structured as such to attract new recruits with promises of return based on the #1 of 1,000+ “Cryptocurrencies” which has the early move advantage, a “network affect,” and seriously talented core developers who have brought Bitcoin (the world’s first centralized and distributed, “programmable money” to where it is at today).
Unfortunately (or fortunately), only a few TRUE Cryptocurrencies have warranted the attention of computer scientists and venture capitalists (ie., PROFESSIONAL investors). The reason is clear. REAL Cryptocurrencies provide solutions and technology which address “real world” problems. Onecoin has none of these attributes to speak of, and worse, uses documented deceptive practices and even outright lies in order to gain new members.
When this all comes out in the wash, it will be proven that Onecoin is a knock-off alt-coin of Bitcoin, which solves ZERO new problems, and does NOT even function on what could possibly be considered its own “Blockchain,” by definition.
These facts are so evidently clear, just as blatantly fake relics might be to any studied Egyptologist. Sadly, Onecoin followers, who by design are “crypto-kindergartners,” are the target market.
Onecoin’s (mis)education material is DESIGNED to NOT educate members in Cryptocurrency. Rather, it is designed ONLY to deceive people as to what they want to hear, by eliminating all technology and logic into what it is they are actually selling – which is “Ponzi Points,” and nothing less.
This is discouraging for the fact that TRUE Cryptocurrency has purpose and technology behind it (based both on freedom and privacy), and for reasons we call Edward Snowden a hero and the Federal Reserve the BIGGEST Ponzi of all; but they (OC) exploit this conviction in multi-layered fabrications (including their fake “charity:” OneWorld Foundation); which will likely resource in more restrictive legislation and regulation due to the magnitude of this scam and likelihood of avoiding any real prosecution based on the tell-tale territories in which they are incorporated and do their banking.
Avoid like the plague, but spread the word that it is such!!
Dr Don March 30, 2016 at 11:33 am Thanks Tim for your Comments. Return Question – Why are some Big Hitters associating or joining OneCoin which I suspect will attract additional victims?
TimTayshun March 29, 2016 at 5:26 pm “…which will likely **RESULT in more restrictive legislation and regulation … (to cryptographic solutions in peer-to-peer , digital ,and decentralized financial transactions..)
:))) bullshit what did you just write here! The CEO is DR. Ruja Ignatova… you can find all her knowledge on the internet… And in the US is present, in there are some problems with (KYC-Know your customers) so please stop all those bullshit until someone reports you!!!
Dr. Don, We report the news; good or bad along with comments. Thank you for yours
TimTayshun Please go ahead and report me then, because I do intend to continue warning people that Onecoin has and continues to use deceptive marketing practices and mistruths to attract new investors to pay the old. So, I would actually LOVE to present the evidence I have been collecting over the past 12 months on the Onecoin scam to the proper authorities. A “cease-and-desist” order would be a great opportunity! One in which I can submit my evidence to the court authority to judge on its own merits. The terms “slander” and “libel” only apply if the accusations are untrue. Apparently, such a challenge will be the only way to convince the kool-aid drinking cult followers that Ruja and her minions are no better than L. Ron. Hubbard to their growing circle of crypto-kindergartners.
This is NOT bullshit and Onecoin’s alleged problems with KYC and delaying customers’ payouts are both suspicious and unique to Onecoin. How many times have they changed banks in the past several months? Why might that be??
@ Partner-OneCoin: AT THE VERY LEAST, PLEASE ANSWER ME THE FOLLOWING QUESTIONS:
Why did Onecoin need to lie about their Forbes Cover and their lesser influential Financial IT Cover (which their website defines them as a “quarterly,” not monthly periodical? Everyone must realize that the fact of the matter is that onecoin (and Ruja) were not on the covers of either actual magazines, by definition. Correct? So, my very simple question is “why to lie?”
Also, why lie about what xcoinx is? Simply a marketing arm of onceoin to perpetuate a fake value, and nothing more.
Clearly, the choice has been made to deceive new recruits in order to collect their money.
Also, Onecoin is the ONLY “cryptocurrency” in which such a ridiculously high percentage of distribution of incoming cash-flow (45%) goes to the creator. There is no other cryptocurrency in the world which would have any success within the crypto-community exactly due to this sort of centralized financial distribution.
Can anyone address these 3 points?
Thomas Can you spend onecoins to buy something ? Can you earn without recruitment made by you or your up down line? No… can you control the REAL value of the coin on a legit and registered platform ? No… the only way to make money and bring up the value of onecoins, is to sign up new members… if they decide tomorrow to retire the society, all of the investors will lose everything, and it would be normal, becomes onecoins do not exist on the market…only in the Bulgarian headquarters private bank account…if you prove me that I’m wrong, I’ll get the 10k package from you and become you’re first line
Direct Selling Momentum Ranks April – 2016 https://www.businessforhome.org/2016/04/direct-selling-momentum-ranks-april-2016/
Top 10 Bitcoin Fails: From Gambling, Ponzi to Mother of All Frauds http://cointelegraph.com/news/top-10-bitcoin-fails-from-gambling-ponzi-to-mother-of-all-frauds
Susen Is Onecoin like a Bitcoin? Or it is a scam?
Dr Don Thank Susen for the question. We have posted lots of comments between the top post and the archive for you to judge for yourself. In my opinion, it looks like a clone of Bitcoin and a Scam
@Susen – Bitcoin is what is called “open source” software and has an impermeable PUBLIC ledger on which every transaction (whether one penny or $1MM) is mathematically justified for authenticity and accuracy; and which is time-stamped and cannot ever be changed or manipulated once recorded therein. It is therefore totally transparent in many respects. Furthermore, bitcoin distribution diminishes on a calculated and “deflationary” slope until the final bitcoin unit is circulated sometime around the year 2140. At that point bitcoin’s total distribution of 21,000,000 units will have been dispensed and no more “new” units will ever be created.
Onecoin appears to be a typical rip-off of the original Bitcoin protocol, but with what is called a “hard fork,” in which the code was wildly manipulated (and in strange, seemingly illogic ways).
Onecoin will have 100x the units to be distributed in 7% of the time (hyperinflation). The “value” of Onecoin is invented arbitrarily by its creators who collect approximately 45% of every dollar that comes into this company. Whereas one day in late 2014 there was literally NO value assigned to Onecoin, the next day, it was conveniently deemed to begin its value at 5% above a one Euro note (because to be better than the Euro on day one would make a great story or something, I guess). Curiously, while stocks, commodities, and cryptocurrency fluctuate on a daily basis depending on what some people are willing to sell for and others are willing to buy for, Onecoin does not experience such fluctuation. When it’s value was 1.05€ it remained exactly 1.05€ until the wizard (Ruja Ignatova) determined there should be both a Ponzi-token split doubling the “mining power” (which, frankly makes absolutely no logical sense) and increasing the Ponzi-coin value to, say 2.00€. It is dictated and therefore it becomes.
I can expound and go into more technical detail about why this is ludicrous, but really it is about that simple that a 4-year-old can understand. Every time the wizard dictates this price increase she not only increases her personal Ponzi net worth, but there are new sheep (recruits) who become convinced to pour themselves a glass of that Kool-Aid. But not only that!! The previous Kool-Aid drinker’s line-up for 2nd, 3rd, 4th, and 5th glasses until they reach the exalted level of “Infinity Package” status (currently the most exclusive and expensive package available … For now, at least). Each consecutive glad of Kool-Aid costs another 500€, 1000€, 5000€, and so on, but assures the sheep that the more Kool-Aid glasses they purchase secures themselves exponential amounts of Ponzi-tokens which, at a depreciating rate over time (to instill a sense of urgency, of course) can be magically submitted in order to cover said tokens into actual Ponzi coins!! But that is only part of it. The real value is to get the sheep to not just drink the Kool-Aid but to actually set up their own Kool-Aid stands and collect real money in order to serve up these sugar fruity libations to many others because then they earn a little bit of two money and lots of new Ponzi tokens.
And so the cycle goes. Rinse and repeat. Any more questions?
Dr. Don Thanks, Tim. What are your thoughts regarding so many so-called heavy hitters that are joining OneCoin
Thanks For Reading “ICFO Archive: OneCoin Ponzi Scheme 1 [Video]“
Dr. Don Yates Sr Ph.D., Founder
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