BigCoin & BNA: The original OneCoin Ponzi Scam by Ruja Ignatova


May 8, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News



BigCoin & BNA The original OneCoin Ponzi Scam

BigCoin & BNA: The original OneCoin Ponzi points

Posted: 05 May 2016 07:54 PM PDT

In late 2014 OneCoin seemingly came out of nowhere. Ruja Ignatova was an unknown outside of China and a select group of Europeans. Sebastian Greenwood was tied to the SiteTalk share-based Ponzi scheme. As far as the cryptocurrency space went, the OneCoin concept was presented as being entirely new. Turns out it isn’t. OneCoin is little [Continue reading…] Source: BigCoin & BNA: The original OneCoin Ponzi points

This is uncharted territory for OneCoin, hence the radio silence as they try to keep the ship afloat.

Unfortunately on top of everything else I’ve covered above, new icebergs have formed by way of a regulatory crackdown in OneCoin’s largest market.

Last month OneCoin was given the boot by their payment processor, China Union Pay. This means no more credit-card processing, with investors instead required to push money through less than reputable alternatives.

In a “mother of all ironies” turn of events, bitcoin has been introduced as a payment alternative. How apt that a Ponzi points faux cryptocurrency scheme find itself reliant on a legitimate cryptocurrency to survive – if for nothing else than the differences between the two that render one financial fraud and the other not.

Oh and Chinese authorities have also arrested local OneCoin investors. That and the ongoing police investigation into the scheme hasn’t gone down to well.

To date OneCoin has failed to address the investigation or arrest of their Chinese investors.

Instead they’ve swept them under the carpet, with a reschedule of their planned Chinese event to the offshore jurisdiction of Macau. The hope is a recently released glitzy video promo will distract people long enough for OneCoin to work out its next move.

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

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