OneCoin Scam UPDate: Top investors paid millions to join – Ted Nuyten and Daniel Grenon next?


May 6, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News



OneCoin top investors paid millions to join Scam Alert

OneCoin top investors paid millions to join?

Posted: 04 May 2016 08:21 PM PDT

Disclosure is something often overlooked in the promotion of MLM opportunities. In an industry where you’re actively promoting a business opportunity on the premise that anyone can be successful, disclosure of anything that might skew that representation is important. Failure to do so is not only dishonest but also a prime target for regulatory investigation. About [Continue reading…] Source: OneCoin top investors paid millions to join?

Next up on the OneCoin chopping block? Ted Nuyten and Daniel Grenon.

Citing a fluff piece published in Nuyten’s Business For Home blog, Lazar quips:

First and foremost, let me be clear: The notion that an MLM company paying someone to join is not the issue here. Rather it’s the lack of disclosure regarding the compensation that’s the problem.

The OneCoin investors Lazar has outed regularly appear on BusinessForHome as quantifiable OneCoin success stories. Invariable the articles Ted Nuyten writes for OneCoin are shared on social media and used to further promote the scheme.

The problem is, if these investors were paid and OneCoin is subsidizing their alleged “success”, a lack of disclosure means the public aren’t being given an accurate representation of OneCoin’s top investors.

By withholding the full story behind these OneCoin leader’s dealings with the company, OneCoin, through Nuyten’s BusinessForHome, are misrepresenting what investors can expect if they sign up.

Not providing full disclosure is illegal in the US, a country OneCoin fled amidst concerns it was operating a Ponzi scheme.

Read the full article and join in the discussion over at BehindMLM.

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