Thread: onecoin.eu ponzi scam

I like the part where Joby says he is at "work at min", always nice to have a boss that gives you to time promote Ponzi schemes on the company dime.

Originally Posted by ribshaw

I like the part where Joby says he is at "work at min", always nice to have a boss that gives you to time promote Ponzi schemes on the company dime.

inorite? how can he be at a job? he's a successful scammer entrepreneur. allegedly. jobs are for suckers and people that actually want to make money.

Originally Posted by Whip

inorite? how can he be at a job? he's a successful scammer entrepreneur. allegedly. jobs are for suckers and people that actually want to make money.

I can answer that. Joby used to work on building sites (I don't know what his trade was) but anyway, he has given it all up....

JB no job June 15.jpg

The video is hilarious, by the way. Love the part where he takes off his boots and throws them away because he's "never going to be on a building site again".

Think you might have been a bit rash there, Joby, darling.

Joby Boughey,

Dubli

My Advertising Pays

UFun

OneCoin / Aurum Gold

End of useful time as ponzi pimp = approaching rapidly

Here's a nice little video with the report from the auditor. You might want to run to about 4 mins in, because the first bit is all prattle about who they are. But as it is only 10 mins long, it won't take up too much time. I'm rather hampered because I do not know what a "blockchain" is or why it is important.



The lady in the gold dress is presumably Dr Ruja, the founder?

Originally Posted by Della Cate

I'm rather hampered because I do not know what a "blockchain" is or why it is important.

Just checked my email and have not heard back from the auditor despite assurances in the video. Although I must confess I am surprised they really engaged an auditor even if for such trivial nonsense.

The "blockchain" in its simplest form is a list of transactions, in the case of this video 15,000 buys and sells. So I have a ZC and trade you for an apple. You take my ZC and buy a banana from LRM. LRM takes his ZC and buys a pear from Whip. An audit of the blockchain would confirm that happened.

I could go down to the elementary school and trade worthless baseball cards for kid's lunch money. The kids could trade the worthless cards between themselves to their heart's content, in the meantime I have real money. Sending an auditor to track the transactions of the children would be identical to what Dr. Ruja has done, and about as useful.

Originally Posted by Della Cate

Here's a nice little video with the report from the auditor. You might want to run to about 4 mins in, because the first bit is all prattle about who they are. But as it is only 10 mins long, it won't take up too much time. I'm rather hampered because I do not know what a "blockchain" is or why it is important.



The lady in the gold dress is presumably Dr Ruja, the founder?

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Go learn what blockchain is about before you comment,without the Blockchain they would be a scam

......why do they have a reputable auditor.....because they are worth $3 Billion and have 1.3 million members,

Bitcoin only has $6 Billion....and have been around 8-9yrs.

......Onecoin has been around for about 14mths....and aims to be bigger than Bitcoin.

Did you know you guys also said Bitcoin was a scam years ago.....suck eggs now.....

Originally Posted by equitymate

why do they have a reputable auditor

and they are? I mean you did just say:

Please give facts....dont just say.........

recruitment into your scam taking a hit is it?
and there's a whole thread of fact here. You just have to be willing to read it. And you will be able to point out exactly where statements are wrong with actual, verifiable 'facts' to back up your claims.

Originally Posted by equitymate

1.3 million members,

Please provide some "proof" of this "fact".

Originally Posted by equitymate

.....because they are worth $3 Billion and have 1.3 million members,

So they say, have you independently verified the claims or seen the bank accounts ???

The fact they could say anything and you'd believe it is hardly proof of anything, other than how easy it is to fool some people.

Originally Posted by equitymate

Please give facts....dont just say it is a scam and not provide proof.

The fake Forbes cover shoot is enough for me, and should be enough for anyone with an average IQ. All your due diligence is done once you uncover a single lie as far as investing goes.

Originally Posted by equitymate

......why do they have a reputable auditor.....because they are worth $3 Billion and have 1.3 million members,

You are too stupid to know what type of audit they performed and that it is meaningless as far at the fraud aspect of Onecoin. You showing up with the unsubstantiated $3 Billion drivel is a big strike two as if the lie about Forbes wasn't enough.

Originally Posted by equitymate

Did you know you guys also said Bitcoin was a scam years ago.....

Let ribby know if you need help with any of the big words.

http://www.realscam.com/f45/control-...n-enough-2212/

More importantly let the class know of anything we called a scam that turned out to be the real mccoy.

Originally Posted by equitymate

suck eggs now.....

No need to thank us, come around to us the next time you want to do something stupid with your allowance.

Originally Posted by ribshaw

The fake Forbes cover shoot is enough for me, and should be enough for anyone with an average IQ. All your due diligence is done once you uncover a single lie as far as investing goes.

and to add insult to injury:

Ignatova does it again, another fake magazine cover?

Originally Posted by Whip

and to add insult to injury:

Ignatova does it again, another fake magazine cover?

Our friend may need this link above all others...

Don't try to teach your Grandma to suck eggs - meaning and origin.

Feels so good to be right about another scam!!!

Of all the CyberGrifters out there, you fell for one of the most obvious to verify as a con
Your not smart enough to play the ponzis.....suck eggs now.....

Originally Posted by equitymate

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX


Go learn what blockchain is about before you comment,without the Blockchain they would be a scam

......why do they have a reputable auditor.....because they are worth $3 Billion and have 1.3 million members,

Bitcoin only has $6 Billion....and have been around 8-9yrs.

......Onecoin has been around for about 14mths....and aims to be bigger than Bitcoin.

Did you know you guys also said Bitcoin was a scam years ago.....suck eggs now.....

Some random musing.

I find it hard to fathom that OC ever rates as a cryptocurrency, much less gains acceptance by big businesses that call the tune in world currency markets. A few hippies trading dream catchers will not negate the reasons the world has organized exchanges. Concerns such as minimal counterparty risk trump MLM, OC sets markets back 100 years.

Panic of 1907 - Wikipedia, the free encyclopedia


We are no longer trading tulip blubs, cabbage patch kids, or beanie babies. The Onecoin market ends the same, and will be lucky if it even rates a footnote in history.

10 Most Bizarre Economic Bubbles in History



Keep your work boots...

https://bitcointalk.org/index.php?topic=989829.0
https://bitcointalk.org/index.php?topic=926241.0
https://bitcointalk.org/index.php?topic=878946.0
https://bitcointalk.org/index.php?topic=770740.0

Д-р Ружа Игнатова празнува със световни бизнесмени Teaser

Dr. Ruja Ignatova celebrates with global business Teaser

GOOD NEWS

Confirmation of Ruja Ignatova’s and Mary Courant arrest yet to surface,

As I write this, official confirmation of Ruja Ignatova’s arrest has yet to surface.

Reports out of Germany are conflicting, with authorities yet to issue an official statement.

A few media publications have syndicated the initial Nbox article, but only the Gerlach Report and MLM Worldwide have published new information.

According to the Gerlach Report Ignatova was arrested in relation to an ongoing fraud investigation in Bielefeld.

Gerlach report claim Ignatova is being held in a “transport cell” at Stadelheim prison in Munich.

Ted Nuyten, who is believed to have received large sums of money from OneCoin and its affiliates in exchange for favorable coverage on BusinessForHome, was quick to dismiss Ignatova’s arrest as “fake news”.

In a Facebook post published the day after news of Ignatova’s arrest broke, Nuyten claimed his unnamed ‘sources (had) confirmed the news is NOT true.‘

Offering up a bit more information is a November 6th article from MLM Worldwide, who bill themselves as a direct selling online magazine.

In the article MLM Worldwide claim to have contacted the German law firm Schulenberg & Schenk.

Shortly after Germany’s top financial regulator Bafin announced an investigation into OneCoin in mid 2016, Schulenberg & Schenk were hired to publish a legal opinion on the company.

Not surprisingly, Schulenberg & Schenk’s legal opinion completely ignored the OneCoin’s Ponzi business model and claimed the company was legal in Germany.

OneCoin also engaged Schulenberg & Schenk were also used by OneCoin to go after rival Ponzi scheme, SwissCoin.

Despite Schulenberg & Schenk’s one-paragraph legal opinion stating the company was legal, earlier this year in April BaFin banned promotion and operation of OneCoin across Germany.

After news of Ignatova’s arrest broke, Stephan Schulenberg purportedly told MLM Worldwide they’d phoned Stadelheim prison and

can confirm that our client Dr. med. Ignatova was not detained there.

A telephone conversation with the public prosecutor’s office in Bielefeld also revealed that there is nothing there about an arrest and no arrest warrant (has been issued).

If Ignatova wasn’t arrested, why Schulenberg & Schenk didn’t just reach out to her directly is unclear.

Tim Curry separately reached out to German authorities on Monday and they wouldn’t confirm or deny Ignatova’s arrest.

The Gerlach Report meanwhile are insisting Ignatova’s arrest is not “fake news”.

The publication asks, “If Ruja Ignatova is indeed free, why does not she show herself?”

The fact is that the events at the airport in Munich have been confirmed by several sources.

The detention in the women’s detention center was also confirmed by The Gerlach Report.

It is also true that the investigating authorities have to date issued “no official press release”.

The Gerlach Report has learned this is due to “determination-technical reasons”.

Apparently, Dr. Ruja Ignatova – in an attempt to reduce her own expected punishment – (is delivering information on) the national (OneCoin) heads.

She is said to have already pointed out at first interrogations that “she has done everything to prohibit the fraudulent activities and actions of sales”.

Here, the “service instructions” of the fraud network were cited.

Whether this argument will work remains questionable.

Earlier today Jan Faber, Editor-in-Chief at the Gerlach Report, asserted the credibility of the publication’s reporting;

We stick to our story. Our sources are reliable. German news outlets will report once more information will be released.

Being a German story, this has broken on The Gerlach’s Report’s home turf. If this turns out to be another Macau debacle, maybe it’s time to reevaluate the publication’s publishing policy?

That said The Gerlach Report didn’t initially break news of Ignatova’s arrest, that was the Bulgarian publication Nbox.

Since then though the Gerlach Report have very much run with the story though and made it their own.

Personally, unlike Ted Nuyten, I’m skeptical but at this point not ready to dismiss either side. BehindMLM is just reporting what’s out there as it breaks.

Pending further information coming to light, I myself haven’t insisted Ignatova has or hasn’t been arrested.

The things that do strike me as strange though are:

Ignatova failing to issue a statement or recording despite news of her arrest breaking almost four days ago
both Schulenberg & Schenk and The Gerlach Report claiming access to what would be an ongoing operation pending charges filed
unnamed sources cited by Nbox, Ted Nuyten, The Gerlach Report and MLM Worldwide
I also haven’t ruled out the possibility that Pierre Arens may be cooperating with authorities following his abrupt departure last month, although that’s somewhat of a tangent.

Stay tuned…

Originally Posted by Norway

The things that do strike me as strange though are:

Ignatova failing to issue a statement or recording despite news of her arrest breaking almost four days ago

It's actually been well over two weeks. The silence is very strange, but this whole scam has been an odd one.

Originally Posted by Norway

GOOD NEWS

Confirmation of Ruja Ignatova’s and Mary Courant arrest yet to surface,

As I write this, official confirmation of Ruja Ignatova’s arrest has yet to surface.

Reports out of Germany are conflicting, with authorities yet to issue an official statement.

A few media publications have syndicated the initial Nbox article, but only the Gerlach Report and MLM Worldwide have published new information.

According to the Gerlach Report Ignatova was arrested in relation to an ongoing fraud investigation in Bielefeld.

Gerlach report claim Ignatova is being held in a “transport cell” at Stadelheim prison in Munich.

Ted Nuyten, who is believed to have received large sums of money from OneCoin and its affiliates in exchange for favorable coverage on BusinessForHome, was quick to dismiss Ignatova’s arrest as “fake news”.

In a Facebook post published the day after news of Ignatova’s arrest broke, Nuyten claimed his unnamed ‘sources (had) confirmed the news is NOT true.‘

Offering up a bit more information is a November 6th article from MLM Worldwide, who bill themselves as a direct selling online magazine.

In the article MLM Worldwide claim to have contacted the German law firm Schulenberg & Schenk.

Shortly after Germany’s top financial regulator Bafin announced an investigation into OneCoin in mid 2016, Schulenberg & Schenk were hired to publish a legal opinion on the company.

Not surprisingly, Schulenberg & Schenk’s legal opinion completely ignored the OneCoin’s Ponzi business model and claimed the company was legal in Germany.

OneCoin also engaged Schulenberg & Schenk were also used by OneCoin to go after rival Ponzi scheme, SwissCoin.

Despite Schulenberg & Schenk’s one-paragraph legal opinion stating the company was legal, earlier this year in April BaFin banned promotion and operation of OneCoin across Germany.

After news of Ignatova’s arrest broke, Stephan Schulenberg purportedly told MLM Worldwide they’d phoned Stadelheim prison and

can confirm that our client Dr. med. Ignatova was not detained there.

A telephone conversation with the public prosecutor’s office in Bielefeld also revealed that there is nothing there about an arrest and no arrest warrant (has been issued).

If Ignatova wasn’t arrested, why Schulenberg & Schenk didn’t just reach out to her directly is unclear.

Tim Curry separately reached out to German authorities on Monday and they wouldn’t confirm or deny Ignatova’s arrest.

The Gerlach Report meanwhile are insisting Ignatova’s arrest is not “fake news”.

The publication asks, “If Ruja Ignatova is indeed free, why does not she show herself?”

The fact is that the events at the airport in Munich have been confirmed by several sources.

The detention in the women’s detention center was also confirmed by The Gerlach Report.

It is also true that the investigating authorities have to date issued “no official press release”.

The Gerlach Report has learned this is due to “determination-technical reasons”.

Apparently, Dr. Ruja Ignatova – in an attempt to reduce her own expected punishment – (is delivering information on) the national (OneCoin) heads.

She is said to have already pointed out at first interrogations that “she has done everything to prohibit the fraudulent activities and actions of sales”.

Here, the “service instructions” of the fraud network were cited.

Whether this argument will work remains questionable.

Earlier today Jan Faber, Editor-in-Chief at the Gerlach Report, asserted the credibility of the publication’s reporting;

We stick to our story. Our sources are reliable. German news outlets will report once more information will be released.

Being a German story, this has broken on The Gerlach’s Report’s home turf. If this turns out to be another Macau debacle, maybe it’s time to reevaluate the publication’s publishing policy?

That said The Gerlach Report didn’t initially break news of Ignatova’s arrest, that was the Bulgarian publication Nbox.

Since then though the Gerlach Report have very much run with the story though and made it their own.

Personally, unlike Ted Nuyten, I’m skeptical but at this point not ready to dismiss either side. BehindMLM is just reporting what’s out there as it breaks.

Pending further information coming to light, I myself haven’t insisted Ignatova has or hasn’t been arrested.

The things that do strike me as strange though are:

Ignatova failing to issue a statement or recording despite news of her arrest breaking almost four days ago
both Schulenberg & Schenk and The Gerlach Report claiming access to what would be an ongoing operation pending charges filed
unnamed sources cited by Nbox, Ted Nuyten, The Gerlach Report and MLM Worldwide
I also haven’t ruled out the possibility that Pierre Arens may be cooperating with authorities following his abrupt departure last month, although that’s somewhat of a tangent.

Stay tuned…

Sorry, but this story has been totally debunked. While it would have been great news if it were true, it is not. There was no arrest and it has been confirmed by all the legal entities that were said to be involved in this arrest. See my post #414 above.

so is that another fake 'news organization' like fake mag covers that in reality are paid for ads?

Originally Posted by Whip

so is that another fake 'news organization' like fake mag covers that in reality are paid for ads?

Of course,

did you expect anything other than fake from Dr Ruja ???

Originally Posted by Whip

so is that another fake 'news organization' like fake mag covers that in reality are paid for ads?

Yeah, kinda like fake information programs aka infomercials...! (Ladies and gentlemen, we interrupt this advertisement for a brief program...!)

Allegations of a faked resume by ‘Dr. Ruja Ignatova’...

One Coin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme

Then there's this doozy...

Also working for OneCoin in various capacities are Sebastian Greenwood and Nigel Allan, both of whom have been involved in scam operations in the past.

Greenwood previously worked with defunct pyramid scheme Unaico, whose activities were the subject of a warning from Pakistan’s Securities and Exchanges Commission. The notice cited “illegal multi-level marketing” practices and advised consumers “to refrain from investing/ dealing in these so-called lucrative business schemes, launched by the Company.”

Allan, the ex-president of OneCoin, has meanwhile previously been implicated in similar pyramid schemes to OneCoin, namely Crypto888 and Brilliant Carbon.



For the visually inclined, a second construction site video of how onecoin ends.

Originally Posted by ribshaw

Allegations of a faked resume by ‘Dr. Ruja Ignatova’...

One Coin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme

Thanks for this Ribshaw. I have read the article, and enjoyed all the comments on it in particular. I note that the same old stuff came up in response: that the author if the article is allegedly into Bitcoins and therefore not to be trusted, that he is only trying to drive traffic to his own blog, that they've been audited and given a glowing report, well, we all know the rest.

I know nothing about crypto currencies, they are too complicated for me, but something about this whole Onecoin thing just doesn't seem right to me. And I'm not into Bitcoin and don't have a blog that I want to promote either.

As for "Dr Ruja", is she a medical doctor or an academic doctor? Presumably the latter. I thought you had to have done a PhD to call yourself "Doctor"? If that is the case, can we know where she did her PhD, and what was the subject and title of her thesis? Who was her supervising professor?

If she is an Oxford graduate, at which college did she study? When was she there, did she live in the college or live out? Any chance of seeing her graduation photograph?

These are fairly basic questions which should be easy to answer, I would have thought. I'm sure she would welcome the chance to put any doubts people may have to rest.

CORRECTION: The Magister Juris at Oxford is in fact a postgraduate course. She cannot have graduated from it as a first degree. So can we know where and when she did her first degree and in what subject, please?

Why oh why is it same people, in the same old crappy schemes?. Dont they ever learn, its just moving from one scam to the next. Funny how this is now going to be the next big thing, a few months ago it were utokens!