Quote from: Granko on January 09, 2020, 11:15:04 PM

OneCoin was and is a crazy scam.

OneCoin is a pyramid, MLM scam. That was run and advertise as a "cryptocurrency" better than Bitcoin bla bla... The funniest part is that OneCoin was never a cryptocurrency because there was no blockchain. People were buying "educational packages" that cost from 100 to 100K Euro and within those packages, they received OneCoin tokens. Obviously OneCoin was never on a public exchange and no one was able to sell their OneCoins. There was a price that was completely made up on the website and people believed that they are millionaires, but they were never able to sell those tokens.
According to official sources they stole around $4.9b, but some people that worked within the company claim that OneCoin stole around $19.4b. In fact, it's still working to this day, you can still buy packages and there are still leaders that are constructing new people. For each person, that accurate package they are getting revenue 60% in euro 40% in OneCoins.

Their founder Dr. Ruja Ignatova is gone since October 2017 and wanted by FBI. Her brother is in jail plagued guilty for running a Ponzi and money laundering, however, the scam works to this day and still has hardcore believers.

I spend some time reading, listening and researching it. You can check out the full story here:

https://medium.com/daomaker/onecoin-scam-that-became-a-religion-48105ef9cace

There are other stories like: Who is behind those fake Livestream giveaways on youtube.

Take care peeps
Granko

yep i remember 1coin from ages ago although I dont think theres much that can be done at this point since its been going on for years

Fallenkeith2019

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