Monday, June 6, 2016

The Onecoin Scam is trying to land in Ireland

It seems that the Onecoin has been trying to find it's way to Ireland, but so far without raising any public alarms. The CoinTelegraph presented the Onecoin as a Ponzi Scheme already last year, and it should be very easy to find through Google. That might be the reason why clever people have not shown that much of an interest towards this "New Bitcoin" as the Onecoiners like to call it.

So far it seems that a group, or an individual going with the name Onecoin Polska (Link to Facebook), has been promoting an event held at Fitzgerald Hotel on the 16th of February. According to their Facebook event 45 FB users were invited but zero people showed any interest into it.

This will not probably end here and that is why the public should be made aware of Onecoin, and how it is manipulating people to give money to their owners.

I've made a few pointers that a potential victim should be aware of, but before that I'll quickly explain what is a Ponzi Scheme. Ponzi Scheme is a scam where people are asked to invest their money for something that will bring great return on the investment, and promises are usually in epic proportions. It could be something like "double your money in six months" or something similar.

Onecoin recruiters are not afraid to use Bitcoin as an example. They will explain that Bitcoin's worth was 10 cents a coin at the beginning, and then it skyrocketed to thousand dollars. First of all, there are hundreds of crypto currencies available, and Bitcoin is the only one which market value has climbed so high so fast. If you take a look at coinmarketcap's list of crypto currencies. Secondly, you don't find Onecoin on that list. Thirdly Onecoin is not a crypto currency.

Recruiters might try to explain that Onecoin is as much a crypto currency as bitcoin is, and that they use improved block chains. Block chains is a technology describing how the virtual ledger can be validated, and how it can be made sure that nobody tries forgery. As all the information is shared inside the network, it is important to put complex cryptography in place. Onecoin, on the other hand, claims to use block chains even though they don't have any need for that. All the onecoins are located on Onecoins servers and there is no need for block chains. They will try to explain that their own computers will do "the mining" (confirming that all the transactions are legit, and that there are no conflicts in the database).

Be warned, and when confronted about Onecoin, please do your research. They might be telling you that internet is full of lies (which is true), and you should trust themselves for accurate information (which is not true). If you feel conflicted about their promises that you will be rich, and all the warning signs that internet is full of. Do yourself a favour, and do your research.

For the dessert. Here is one of those warning signs from the "Behind MLM" which has consistently reported ill-doings of the Onecoin. Also, please find a video below, where a true believer of Onecoin diss this report. This is the kind of language that they use, and they might be very aggressive in manipulating you to believe that everything else is a lie except what they tell you.



38 comments:

  1. his appears to contain some very interesting information. It is a High Quality News Investigation into Onecon and is about a 17 minute feature (I believe in Portugese?). It would be AMAZING to translate and subtitle this!

    http://www.rsi.ch/play/tv/patti-chiari/video/investi-1-guadagni-50-di-emanuele-di-marco-e-remy-storni-patti-chiari-27-05-2016?id=7399583

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  3. I have some easy YES/ NO questions for you or any other Onecoiners out there. No need to explain. A simple YES or NO will do. Or "pass." Fair enough?

    This should be quite revealing if you answer these correctly, or find the correct answers.

    1.) Was Sebastien Greenwood partnered with Loopium, a ponzi scam also run by Jarl Moe and Kristian Helgesen (Jarl: wanted for fraud in the UK and Norway, Kristian: a convicted conman from Norway)?
    Was Sebastian Greenwood also involved in Unaico and Sitetalk and are these well known scams?

    2.) Was Nigel Allan the first President and co-founder of Onecoin (and is he an infamous con-man in the ponzi sphere, most recently with Brilliant Carbon, selling fake carbon credits)?

    3.) Was (is) Ruja Ignatova on probation and investigation for fraud in Bulgaria for stealing $1MM euro and bankrupting IG Metal?

    4.) Were Ruja, Sebastien, Nigel Allan and John Ng (another known fraudster) all involved on the "BigCoin/ Prosper Club" MLM ponzi scam, which cost investors around $50MM?

    5.) Did Ruja state Onecoin was her first MLM?

    6.) Is the dashboard you use in your back office a product of BigCoin's back office, called "CoolDAQs?"

    7.) Was Ruja the founder and CEO of CRIT (Crypto Real Investment Trust)? and did CRIT "manage the funding" of BigCoin/ Prosper Club?

    8.) Did a Onecoin Press Release recently claim that people were leaving bitcoin due to "the price plummeting" and due to its "recent rapid decline." NOTE: Bitcoin is up nearly 30% since the day that came out.

    9.) Did Latvia declared OneCoin to be an illegal pyramid scheme and Ponzi?

    10.) Did Austria just issue a warning to its citizens that OneCoin was an illegal pyramid scheme?

    11.) Did the Norwegian DSA call OneCoin out for being an “ugly” pyramid scheme?

    12.) Did the Norwegian DSA go on to say that "OneCoin is marketed in Norway as an investment scheme. An “enormous” ROI of about 18,000% is cited in OneCoin promotional material, along with claims OneCoin can be used like a bank account that pays 13% interest." NOTE: While claiming to be the new BitCoin, they instead concentrated on selling so-called “Tokens”… which multiply themselves with express speed when they frequently split, which means that the number of tokens doubles (company-wide) without a drop in value. This, the Norwegian DSA claim, is evidence of pyramid scheme fraud." True or false?

    13.) Did The Swedish Gaming Board declare OneCoin to be “a chain letter game or similar"?

    NOTE: You should be aware that under Swedish Law, chain letter is the same thing as an illegal pyramid scheme

    14.) Was Ruja Ignatova's OneCoin Forbes cover a paid advertisement which they tried to pass off as real until they got caught in the lie?

    15.) Was Zooperium Consultancy Service a replacement for Loopium which was registered by Ruja Ignatova (27-Mar-2014), less than 2 weeks Prior to the liquidation of Loopium (08-Apr-2014)?

    16.) Was Ruja the legal and financial adviser for Loopium, taking care of all the legal framework such as finding havens like Gibraltar and Cyprus? And wasn't Loopium another MLM Ponzi scam?

    17.) Would any reputable person of stature have colleagues and business partners that Ruja surrounds herself with?

    18.) Are 48 of 52 pages in both the January and February Financial IT magazine EXACTLY the same? Did Ruja simply pay to reprint January?

    19.) Is xcoinx an exchange? NOTE: Ruja says yes, Ken says no, Joby is quoted on his own blog as stating that it is owned and operated by Onecoin. (skip this one? too complicated?)

    20.) is xcoinx' FAQ's 100% plagiarized, verbatim, from BitStamp? And is the "exchange page" 90% plagiarized from CoinMarketCap?

    21.) Is S-Systems a legitimate "blockchain auditing company?

    22.) Does Onecoin own and operate them, similar to xcoinx?

    23.) Did Onecoin plagirize (that means "steal") a majority of the material for One Academy and the education packages?

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  4. his appears to contain some very interesting information. It is a High Quality News Investigation into Onecon and is about a 17 minute feature (I believe in Portugese?). It would be AMAZING to translate and subtitle this!

    http://www.rsi.ch/play/tv/patti-chiari/video/investi-1-guadagni-50-di-emanuele-di-marco-e-remy-storni-patti-chiari-27-05-2016?id=7399583

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  5. Thanks. That check list is awesome and exhaustive. I was planning to do something similar, but my list would have contained a check list for technology. After seeing yours I think it is absolutely the best.

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  6. https://news.bitcoin.com/beware-definitive-onecoin-ponzi/

    Check out and share this Article from Bitcoin.com in which I was interviewed about onecoin and which I very very heavily SOURCED. Thanks :)

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  8. One coin has been actively recruiting people for the last year and a half in Cork and Tipperary.

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  9. Pauline: Do you know places where they are recruiting?

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  11. OneCoin is a Ponzi scheme ? Hmm let's see -> https://www.youtube.com/watch?v=IOiPh6rerJA

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  14. Kenneth, that video seems to be claiming something weird. Company doesn't require to mine coins. As far as anyone who understands how block chains work (and what mining means in that context) it is made impossible for anyone to mine on their own hardware. Only money you can get out is from other people joining the scheme (or is it pronounced scam). Thank you for participating, Kenneth Molonda.

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  15. Now, all people who want to buy these worthless tokens have to send money to Singapore or Tanzania. Companies receiving the money are International Marketing Services Pte. LTD and IMS Marketing Tanzania Limited.
    source: http://www.onecoinnorway.com/index.php?p=1_36_How-to-fund-your-account

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  16. There is something weird about the money trail. Read here https://honestmlmreview.wordpress.com/2016/03/01/onecoin-declared-legal-by-ted-nuten/

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  18. Nobody loses money in OneCoin. probably there are some scam persons to fool people. If you follow the rules and regulations of OneCoin, everybody will make money. By the way nobody is perfect. This company only exist a short time. Are you perfect and give this kind of news while you probably yourself did wrong things in your life. OneCoin started only 2 years ago with daily growing of thousands of members worldwide enjoying to be financial independent. This is the future guys, with or without you. Digital payments are here to stay and banks firing people like crazy and eventually closing down. When Bitcoin started in 2009 same negative news was said about them, but they survived! Now mainly jealous bitcoin bloggers are upset that OneCoin is doing better then Bitcoin. OneCoin growth in first 11 months to 1 billion euros, in 16 months 2 billion. It took Microsoft and Google 5 till 10 years to have that business value!

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  20. See analysis of the Onecoin "Blockchain" on onecoinonelifefacts.blogspot.com
    More to come.

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    1. Great stuff. I went through the 4th part (specially loved the comments). I might return to this topic later when I return to blogging again.

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  22. Hi, our friend felt to that crap, he tried to recruit us, he truly believe in that, we dont know how to help him

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    1. Dear friend,

      I am with you. It seems that there are many who feel the same way. I am sorry for replying so late. Please update the situation if you can. Be mindful though. Don't name participants who you are absolutely not sure about. Tell us where, when and how, and we - or me - will try to help you as best as we can.

      As long has you have hope, you haven't lost the most important thing, the hope.

      With the kindest regards,
      Lö Döblimät

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  23. onee coin is the best plattform to invest and i already invest in it...http://www.onecoinpakistan.com/

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  24. You are deluded -there isn't even a blockcahin ,the ofc will fail and the dealshaker is ludicrous. If you are the Pakistani that filmed Kari's presentation in Dublin about 15 months ago . LOOK AT IT AGAIN . BY THE WAY YOU ARE NOT AN INVESTOR YOU JUST BOUGHT EDUCATIONAL MATERIALS
    cEASE AND DESSIST OR YOU WILL BE TARGETTED BY THGE CCPC

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  25. Dudes. Ease out. It's kind of obvious that Onecoin promises more than it's own keep. It's the CAPS LOCKS that I hate. Let's keep this intellectual.

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  26. hiJaakko

    I a not convinced that intellectuality is the value to pursue as that is what brings people into OneCoin----greed . I have a series of templates to attack John Barrett who was one of Peter Shaw's Pioneers in and who claims to have recruited in excess of 2000 Affiliates January 2015 ie 2.5 million Euros. His background includes Banners Brokers and his co sponsor is Pehr Karlsson who was involed in scams in Sweden with his father ..AND YOU TALK ABOUT CAPITALS.

    Anyway who was your Pioneer upline -FRANKIE LAWLER or one of the Northern Irish guys.
    Let us try and build the family tree so we can refer /make a Programme for RTE.

    Regards

    rEGARDS

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  27. C'moon, you should give me some credit for bringing this scam up - without using CAPS LOCKS. I think we both agree that Onecoin is sucking people's money, and there is no opposite evidence. Let's not fall off from the target. Also I must apologise for bringing the caps lock -idea up.

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  28. Of course we deserve credit and how do you feel about closing Ireland down for OneCoin.
    Barrett has fled to Portugal cos he was door stepped by a Reporter and is awaiting finalisation of a High Court Injunction. Shaw is losing patience allegedly with Barrett who when doorstepped said we cant speak to the press and then invited the Reporter in for an hour and named some names!
    Is Lawler your upline and how can we bring them down . This site could be useful if we want focus and have a planned approach in parallel to the bigger stuff on behindmlm
    What do you think? Are you based in Ireland?
    Regards

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  29. I feel good about showing the world the scam that Onecoin is. Unfortunately I don't have a upper line. I never got into this business. It was my understanding that this whole thing is not standing on anything solid. I am sorry for all the people who have used money for this thing believing they will get rich. I wouldn't dare to blame them for trying. My sole purpose was originally just to warn people that they might never get any returns. Now after three years, it seems that the quick profits are still yet to be seen.

    So, dear Cryptokill, I will help you people as much as I can. I am based in Dublin. Please notify of things. Though be careful naming them publicly. Remember they have families and when this all comes down, they should be in safe position. If you understand my drift?

    With Kind regards,
    Le Duplimat

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