The Central Bank of Samoa has launched an investigation into the notorious OneCoin cryptocurrency investment scheme, which is a Bulgaria based pyramid scheme. OneCoin has been subject to numerous investigations by multiple countries like Italy, Finland and India.

This pyramid scheme has already been fined with 2.59 million euros by Italy in 2017. Now, the Samoan officials are investigating if the country’s people have been defrauded.

Last week, the governor of Samoa Central Bank, Maiava Atalina Ainu’u-Enari told the Samoa Observer, “[OneCoin] is a snare that is used to catch people’s money.” It has also been reported by the local media that Samoan church ministers might be a part of this scheme as well though there is no clarity on the same.