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Thread: onecoin.eu ponzi scam

  1. #351
    EagleOne's Avatar
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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
    EagleOne
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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.

    EagleOne
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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.


    EagleOne
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  4. #354
    littleroundman is offline Administrator
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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.
    EagleOne
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  6. #356
    littleroundman is offline Administrator
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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
    Founder/President Eagle Research Associates
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  8. #358
    littleroundman is offline Administrator
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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.
    EagleOne
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  10. #360
    littleroundman is offline Administrator
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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

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