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Thread: onecoin.eu ponzi scam

  1. #351
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    Re: onecoin.eu ponzi scam

    Italy just dropped the hammer on OneCoin/OneLife. The Italian Antitrust and Consumer Protection Authority has fined OneCoin 2.5 million euro for being a pyramid scheme. Ruja claimed the total ban by Italy on Feb 27 was not a total ban on OneCoin/OneLife, but a ban on "rogue affiliates" who were not complying with OneCoin/OneLife's rules. Surprise Ruja, it was a total ban just like they said it was.

    Citing “numerous evidence” gathered in conjunction with the Antitrust Special Department of the Guardia di Finanza, the AGCM fined
    •OneLife Network €2 million euros
    •One Network Services €500,000 euros
    •Easy Life SRL €80,000 euros and
    •the owner(s) of two Italian OneCoin affiliate websites €5,000 euros each
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  2. #352
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    Re: onecoin.eu ponzi scam

    Just like the sanctions in Germany, the arrest of promoters of OC/OL in India and now the Italian 2.5 Million euro fine; Ruja said it doesn't apply to OC/OL but the rogue affiliates. It was all their fault as OC/OL does not condone the claims they were making about OC/OL. They are working with the authorities in their investigations of these rogue affliliates, and oh yes, they have all been terminated from OC/OL. You can't make this stuff up folks. And the cult members believe every word she said.

    Rather odd how she conveniently forgets to mention how she is helping the authorities with the charges against her in India. But my favorite defense of Ruja with the chargesheet in India was when Igor said that since they spelled her name wrong in the Indian Times article, that meant she hadn't really been charged, and there is no way she could be charged as she has done nothing wrong.

    One thing is for sure, whether the authorities finally charge and arrest her or OC/OL goes bye-bye, the conspiracy theories will top anything we have seen before. I already know what they will say. This is when it will really get entertaining to read their denials, but sadly millions of people will be financially ruined because they believed the lies of OC/OL. I have no doubt that OC/OL will cause more financial devastation than Bernie Madoff.

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  3. #353
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    Re: onecoin.eu ponzi scam

    Well, Igor banned CryptoXpose for a post he made. That leaves Igor and me to discuss OC/OL as the three of us were the only ones posting there. If he bans me he has no-one to disagree with, but I think once he cools off, he will unban CryptoXpose. Just like when he closed the thread and then later re-opened it after cooling off a bit.

    One thing is for sure. He has had to twist himself into so many shapes trying to defend Ruja and OC, he makes a pretzel look like a pretzel stick.

    I was approached by a couple of reporters about OC and their wanting me to assist them in wading through all the mud so they can see the real OC/OL. Once they write their articles, they have to pitch it to their editors and hopefully they will print them. Keeping my fingers crossed they will when they are done. Still a ways to go before they are ready to be pitched.


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  4. #354
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    Re: onecoin.eu ponzi scam

    Does anyone REALLY think Igor is so naive he REALLY believes OneCoin is either 1) a legitimate cryptocurrency or 2) a legitimate multi level marketing company ???

    IM(very)HO, he's stuck in that place every serial ponzi pimp finds him / herself.

    He can't admit he's been wrong all along - even when OC collapses and / or RujaMuma is arrested.

    For him to do so goes against everything being a serial ponzi pimp stands for
    The only thing necessary for the triumph of evil is for good men to do nothing

  5. #355
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    Re: onecoin.eu ponzi scam

    Based on his statements, I really do believe he thinks OC is a real crypto-currency company. He has bought all the talk of Ruja. I also know he has a lot of cash in it, so that is also part of his defense as he really doesn't want to believe it is a Ponzi.

    He is invested in Ethereum and a couple of other crypto-currencies, and believes OC is a great diversification of his crypto-currency investments as he is in on the ground floor. He only got in OC about a year ago, right about the time of the big London party and all the hype. He has no downline, so he is not promoting it to others. I have seen nothing in his posts not to believe him when he says he hasn't promoted it to anyone. Time will tell, but after all these years I think I can determine when someone is pimping a program and when they're not.
    Last edited by EagleOne; 08-16-2017 at 02:36 AM.
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  6. #356
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    Re: onecoin.eu ponzi scam

    Oh, well,

    I guess all anyone can do is wait for reality to bite.

    And, by the look of things, it won't be long before it does.
    The only thing necessary for the triumph of evil is for good men to do nothing

  7. #357
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    Re: onecoin.eu ponzi scam

    If Norway, Finland, Sweden and the UK all take the same action as Germany, Italy, India, and China, this is toast.
    EagleOne
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  8. #358
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    Re: onecoin.eu ponzi scam

    Too late.

    It's already toast.






    The only question remaining is, when will it shut shop and disappear completely.

    One thing's for certain.

    Anyone putting in new money now is guaranteed to lose it.
    The only thing necessary for the triumph of evil is for good men to do nothing

  9. #359
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    Re: onecoin.eu ponzi scam

    Here's the latest from Igor on his blog, and I quote:

    "Actually, I own OC, I have 0 tokens. I see you are not aware how it works. Let me explain. You do not read the forum here I see.

    I did not mine those OC my self although the action is labeled "submit tokens to mining", that is just wording for people to remind on the cryptocurrency experience. Onecoin is the coin for non-tech people who do not care about geek stuff.

    In fact, you are simply exchanging tokens to Onecoina based on the "back office" difficulty (number of tokens needed for 1 OC) and that difficulty started from 5 and people drove it to 125 currently and it is soon about to go even higher up. Also, the internal back office (and dealshaker) value of the coin is always 1/10th of the difficulty. And all this is performed in the back office onelife.eu and in the blockchain they only store transactions "send OC from main pool to users wallet".

    As for real mining, it is performed in the blockchain sole by the company. They do not have competition so the real mining blockchain difficulty is actually not increasing so they mine all the 50k OC into their main pool. Once a user sends tokens, he receives the appropriate amount of OC and those will be on the market after ICO is done. That's it.

    I agree that ICO is long but they just want to reach the critical mass of users and merchants and it takes time. No going back. It is not a scam, just a different ICO. Even if it fails, it can not be labeled a scam. It will ******* fail cause people do not want to buy it. But if they have enough users and merchants, the chance of failure is small. That takes time though.

    I think it would be much better if you smart asses, click chasing anti mlm parazites and bitcoiners would just state your opinion somewhere and let the people decide. But no, we have no-lifers barking around for 2 years. FFS

    As for Bitcoin, it is a bit different to buy BTC when it was like 1.5$ and when it is 1000$. I now buy coins that are less and around 1$. Some will grow and make me more money that Bitcoin. If Onecoin success, I am set for life and I am ok not to sell OC, I will then join the network to attract merchants and use my 1Million+ OC anywhere. That was Bitcoins vision but it failed."


    I especially loved the part where he said if it fails it won't be because it is a Ponzi or scam. He also has to be special because he is the only one who I know to claim he owns OneCoins. You can't fix stupid but you can certainly expose it. He's starting to make Charles look smart.
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  10. #360
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    Re: onecoin.eu ponzi scam

    Quote Originally Posted by EagleOne
    You can't fix stupid but you can certainly expose it. He's starting to make Charles look smart.

    Watchoo mean "starting to" Willis ?
    The only thing necessary for the triumph of evil is for good men to do nothing

  11. #361
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    Re: onecoin.eu ponzi scam

    First we had Dr. Ruja lying about her position with the McKinsey Law Firm, and now we have Dr. Porras lying about her credentials in the big announcement today in One Academy. Here's the announcement, and I quote:

    “We are happy to announce that today, August 21, 2017 we launch our new course focused on the Initial Public Offering! The course is divided into two topics – “Introduction to IPO” and ”IPO Process and Valuations” that can be followed consecutively in levels 6 and 7 on the OneAcademy Platform, HERE.

    The two parts of the IPO course will explain the importance of raising capital by companies willing to expand their business operations. There are over 4 hours of video material, an extensive PDF manual, supporting presentations and tools to track your personal progress, which are included in the modules.

    In “Introduction to IPO” Dr. Porras will give you an overview of the most important aspects of IPO and what it means for companies willing to become public.
    In “IPO Process and Valuations” you can learn about the crucial role of the underwriter and the different methods and principles of IPO valuations – the practical application of your theoretical knowledge.

    The lecturer, Dr. Porras, is a well known expert in the academic field. She holds two PhD degrees in Finance – one from Florida Atlantic University (USA) and one from University of Almeria (Spain). Currently, Dr. Porras is a member of the Investment Committees and the Policy Sub-Committees of Zonta International Foundation, and Zonta International, USA."


    Only one glaring problem with her bio. I guess she forgot that Florida Atlantic University doesn't offer a PhD program in Finance. But then what do I know, I'm just a hater. In case anyone wants to see for themselves, check out FAU here: FAU | Programs | http://www.fau.edu/programs/index.php

    After making this post, I was able to find that FAU does have a Doctorate Program in Finance. For some reason, the University on their website put it in a totally different location from the link showing degrees that can be earned at FAU.

    Now the question is did Dr. Porras actually teach there as she has claimed. I have reached out to FAU to confirm her teaching status with them, and the year she got her PhD.
    Last edited by EagleOne; 08-22-2017 at 01:19 AM.
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  12. #362
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    Re: onecoin.eu ponzi scam

    I received a reply from FAU about Dr. Porras teaching at FAU. I was told that to receive her Doctorate, she would typically teach three sections a year for two years, but she was not a faculty professor. Of course many OC'ers are claiming she taught full-time at FAU, which is not true; but that's OK for them to lie.
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  13. #363
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    Re: onecoin.eu ponzi scam

    The Finnish police has been conducting a criminal investigation into OC, and have turned their findings over to the Prosecutor. Of course the police would not release what laws were broken, but if there weren't any the case would not have been forwarded to the Prosecutor. This is in addition to the investigation by the NBI. Stay tuned, this is going to get interesting in Finland. But of course Dr. Ruja will claim it is just "rogue IMA's" violating OC/OL's rules and has nothing to do with OC/OL. You know, just like she did in Germany, Italy, India, Bangladesh, China, and all the other countries that have arrested IMA's, or issued a cease and desist against OC/OL.

    Also interesting that she still has not replied to her chargesheet filed by the Indian authorities against her, and also the OC/OL Corporate Attorney. So much for her and OC/OL cooperating with law enforcement.
    Last edited by EagleOne; 08-24-2017 at 03:17 AM.
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  14. #364
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    Re: onecoin.eu ponzi scam

    OneCoin keeps saying that they are going to do an IPO soon, but the date keeps being pushed back. Now it is projected not to happen until the last quarter of 2018, but that is not certain. Of course it can't be certain. Here are some "FACTS" that OneCoin members haven't figured out yet:

    As of October 1, 2016, OC is producing 10,000 coins per minute or 14.4 Million Coins per day. This is a little more than 438 Million coins per month, and means that in one year OC will have mined 5.256 Billion coins.

    OneCoin said they will do an IPO when 80% of the coins have been mined. Dr. Ruja announced on Oct 1, 2016 that OC would mine 120 Billion Coins. For OneCoin to do an IPO at 80% of the coins mined means OC has to mine 96 Billion coins before an IPO can be made. At 5.256 Billion coins per year, the earliest an IPO can be done is about 18.5 years away. So much for the claim that OneCoin will do an IPO by the end of next year.
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  15. #365
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    Re: onecoin.eu ponzi scam

    Quote Originally Posted by EagleOne View Post
    Here are some "FACTS" that OneCoin members haven't figured out yet:
    there are no coins
    Haven't lost any money to online scams.......results are typical.

  16. #366
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    Re: onecoin.eu ponzi scam


    OneCoin mining just involves typing a number into a spreadsheet.
    http://goo.gl/bua60ZIs My Advertising Pays a scam? YES!
    Behind MLM review
    If Simon Stepsys or Mark Ghobril are involved it's 100% a SCAM!

  17. #367
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    Re: onecoin.eu ponzi scam

    Quote Originally Posted by Joe_Shmoe View Post

    OneCoin mining just involves typing a number into a spreadsheet.
    do they even put that much effort into it?
    Haven't lost any money to online scams.......results are typical.

  18. #368
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    Re: onecoin.eu ponzi scam

    I was told that OC is now doing 50,000 coins per minute not 10,000 coins per minute. This means it would still take 3.5 years to mine 80% of 120 Billion coins. And yes I know there are no coins being mined. You can't convince the faithful of that fact.
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    Re: onecoin.eu ponzi scam


  20. #370
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    Re: onecoin.eu ponzi scam

    The only thing necessary for the triumph of evil is for good men to do nothing

  21. #371
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    Re: onecoin.eu ponzi scam

    Well China just lowered the boom on all ICO's (OC changed from claiming to do an IPO to an ICO a few weeks back), and those who were offering tokens for an ICO must refund the money back to the investor. You can read all about it at behindMLM. Of course OC is saying this does not apply to them as usual. Nothing ever applies to them.

    I can't wait for all the Chinese investors to start demanding their money back from OC and then watch the crap hit the proverbial fan. Also interesting that Dr. Porras' educational material is now meaningless since they are no longer doing an IPO but an ICO.
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  22. #372
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    Re: onecoin.eu ponzi scam

    China just did another major move against OC. They arrested, tried and convicted 23 more OC members, and now have banned OC in China. Since over 90% of the merchants on DealShaker are from China, this means that they won't be able to market their wares on DealShaker. So this will be the death knell for DealShaker.

    About the only place that has not taken action against OC of some sorts are countries in South America, except for Colombia who banned it last year. OC will be lucky to make it to year end at the rate things are starting to happen.
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  23. #373
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    Re: onecoin.eu ponzi scam

    China just did another major move against OC. They arrested, tried and convicted 35 more OC members, and now have banned OC in China. Since over 90% of the merchants on DealShaker are from China, this means that they won't be able to market their wares on DealShaker. So this will be the death knell for DealShaker. You can read all about the 35 arrests, trial and convictions at behindMLM.

    About the only place that has not taken action against OC of some sorts are countries in South America, except for Colombia who banned it last year. OC will be lucky to make it to year end at the rate things are starting to happen.
    Last edited by EagleOne; 09-08-2017 at 08:51 PM.
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  24. #374
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    Re: onecoin.eu ponzi scam

    In the ever changing landscape that is OC, another bizarre turn of events has taken place. Muhammed Zafar did a YouTube video in which he announced that his group had traveled to Bulgaria to meet with Dr. Ruja, but she was a no-show. So instead they met with Pierre, CEO, and were told the IPO was off and now OC was going to do an ICO in October of 2018. What was even more bizarre, other than Zafar was the one making this announcement instead of Pierre or Dr. Ruja, was they did this video in a restaurant, not in the offices of OC where they had their visit with Pierre. It's as if Pierre and Ruja don't want to be anywhere near when the proverbial caca hits the fan.

    OC is going down the tubes, and much faster than I thought they would. I thought they might make it to 2018, but this will be lucky to make another 8-10 weeks at the rate things are happening now.
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    Re: onecoin.eu ponzi scam

    After Pakistan issued a statement saying that they were cracking down on OneCoin, the OneLife members from Pakistan claimed: Congratulations to all Onelife Community Members, Onelife Network is Now Officially Recognized by Security Exchange Commission of Pakistan, we Got NOC From SECP AND WORK Permit, Registered from Direct Selling Association. Accompanying the post are several photos:

    •an SEC certificate of incorporation for Famous Associates PVT LTD, dated February 20, 2012 (two and a half years before OneCoin existed)
    •A DSA membership certificate for OneLife Network LTD
    •a letter from the Pakistani SEC confirming the company name “OneLife Network LTD” is available for registration
    •A photo of OneCoin affiliate Muhammad Zafar and some randoms holding the Pakistani DSA certificate

    Only one problem, none of these are from the Pakistani SEC showing they are registered with them, and a search of the SEC website does not show any registration for OneLife Network Ltd as claimed.

    But OneCoin will soon be pushed to the side as their is a new crypto-currency that is launching called JesusCoin. No, I am not kidding. I am not going to post the URL because it is a affront to all Christians. First they say the coin is for all Christians, and then in the White Paper they announce their JesusCoin is not available to citizens of the US. Since only Christians can participate, well except for those in the US, I wonder how they are going to know who is and who isn't a Christian?

    While a part of me wants to believe this is a hoax and not real, the other part of me says they are serious and will be able to steal hundreds of thousands of dollars from the gullible before it crashes and burns.
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