OneCoin Sinks To New Low Taking From Chinese Man All His Jail Compensation
A Chinese man who spent 23 years in jail for a murder he never committed has lost one million yuan ($145,000) of his compensation money to OneCoin that many believe is a Ponzi scheme. In a poignant example of how a lack of education makes lay consumers easy prey for OneCoin, Chen Man only realized he had been involved in a pyramid scheme after his lawyer became suspicious. “Most people are not familiar with this area, so, in this new field, I could perhaps stand on the same starting line as everyone else,” Sixth Tone quotes Man as saying. “I’ve been disconnected from society for too long.”....
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Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund. The envisioned EU-administered fund will function as an insurance kitty for current and future victims of all crypto fraud. The petitioners are proposing the levying of an “unnoticeable” fee of 0.0001 cent per €1 on all crypto-asset transactions conducted on EU territory. Explaining the pivot towards the European Parliament, the victims’ lawyer, Jonathan Levy, says they have now made the decision to approach the....
Angelina Lazar, rogue economist and cryptocurrency revolutionary tells Cointelegraph all about her war with OneCoin. In Part 1 of her story, Lazar gave her view of OneCoin founder Ruja Ignatova. Here in Part 2, Angelina accuses Boris Boyko, the former Prime Minister of Bulgaria, and the Serbian President Tomislav Nikolic of taking bribes from OneCoin, and asks what role Joe Biden, Vice President of the USA, had to play. Cointelegraph: What happened after no one at meeting with OneCoin leaders can answer you who, after all, audits OneCoin? Angelina Lazar: Riitta had escaped as soon as I....
For now, these claims have not been proven, and should be ignored for the time being. OneCoin is not a cryptocurrency, and anyone claiming otherwise is one of their paid shills. The OneCoin saga seems to be far from over right now. One thing has to be said”: the team behind this project will stoop to new lows to keep up the illusion of credibility. In a recent Youtube video, the team claims Semper Fortis is verifying OneCoin as a cryptocurrency. These claims are false, and OneCoin remains a bag of hot air. For those who are unaware, the OneCoin program is nothing more than a blatant Ponzi....
A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional Ombudsman, Jonathan Levy accuses officials in Sofia of failing to provide justice to the victims while seemingly protecting “the most notorious criminal organization.”
Lawyer Slams Bulgarian Authorities for ‘Misfeasance’ in Onecoin Case
In the petition, Dr. Levy....
The clampdown on OneCoin has intensified as Germany and Hungary initiate fresh moves to bring down the investment scheme that is widely believed to be fraudulent. The claims of OneCoin. Taking advantage of the early stages of development of digital currencies, OneCoin is widely believed to have built a very large community of followers by making bogus promises of return on investment. With its claims of becoming the next big thing on the Internet and becoming the biggest cryptocurrency, with specific reference to conquering Bitcoin, followers of OneCoin have invested huge sums of money....