Italy Suspends Onecoin’s Activities Declaring Them a Pyramid Scam
The antitrust authority in Italy, Autorità Garante della Concorrenza e del Mercato - or the Italian Competition Authority - has announced that it has adopted an interim injunction against the activities of One Network Services Ltd., the company which has been promoting OneCoin in Italy. This follows an investigation launched to assess the system designed and operated by One Network Services Ltd. and its representatives in Italy to promote a program for OneCoin which they claim involves the purchasing of training packages “which should enable consumers to achieve significant economic....
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The Antitrust authority in Italy has suspended the activities of OneCoin in the country for following pyramid scheme-like practices. OneCoin, the controversial altcoin of recent times has been suspended from operating in Italy. The Italian Antitrust Authority — Autorita Garante Della Concorrenza e Del Mercato (AGCM) in a recent release has stated that its actions are part of a precautionary measure against the potential pyramid sales scheme followed by OneCoin. Earlier this year, the digital currency operated and managed by OneCoin Limited was under investigation by the Financial Conduct....
As the saying goes, there’s a sucker born every minute. This is the primary rule on which pyramid schemes operate – there will always be enough people to make a scam work. BTCSolar was a bit different than most pyramid schemes these days. It had some funding at the start, as evidenced by it having been advertised on CCN briefly. As our legalese goes, we’re not responsible for what you do when you leave our site, but we still want to report on these things as they come to our attention. This reporter has been trying to find someone responsible for the BTCSolar pyramid scam for a couple of....
In an interview with Cointelegraph, Roger Ver, Bitcoin.com owner, confirmed his conviction that the whole business idea was enveloped in fraud. OneCoin’s Blockchain. However, Roger Ver lacks an opinion on whether OneCoin’s Recently launched “Blockchain” at a mammoth event in Bangkok is genuine or fake. Many have called it a deception and a little Shutterstock video that cost just €19. Ver says: “I don’t know enough about that to have an opinion. A lot of controversies have surrounded the company’s new Blockchain.” There has been a strong adverse reaction by a large number of people in the....
London law enforcement has issued a warning through the UK’s Financial Conduct Authority (FCA) concerning OneCoin. The organization says there are “potential risks” the OneCoin community poses on UK consumers. London Police Investigates OneCoin As Cryptocurrency Supporters Continue to Expose It As a Scam. The FCA agency has asked people who have been....
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