[2016-10-04] Dr Ruja Flees Sinking Ship As Regulators Crack Down on OneCoin

European Central Bank

legendary

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Quote from: btc_zero_sum on November 26, 2016, 07:10:44 AM

i don't even understand why this ponzi scheme gets discussed here!

because it's piggy backing off genuine crypto and any newcomers here who are interested in it, and there do seem to be quite a few, need to be told what it truly is. i don't think they're interested in actually listening but that's their lookout.

btc_zero_sum

sr. member

Activity: 273

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i don't even understand why this ponzi scheme gets discussed here!

Is it an open source crypto currency? NO
Is is decentralized? NO
Does it have a transparent blockchain? NO
Does it have a blockchain at all? Unknown
Is there a public block explorer? NO

this kind of stuff (like leocoin) ruins lots of people's life, some poor bastard is going to loose his money in some third world country

and we, as developers of open web and decentralized currencies, should fight this scam because hurts the whole industry

DARKHOLDER

hero member

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Zepher is scammer!:)

Quote from: European Central Bank on October 04, 2016, 03:40:33 PM

is there any point in stating anything about this piece of shit? no matter what the facts are, onecoin zombies are gonna descend in swarms and try to reassure themselves they're not getting screwed up the ass.

Agree..this onecoin in truth is not cryptocoin... ppl trust that they tokens go up in value - but in truth...its like nothing...and all ppl will be abandoned without money on the sinking ship Wink

Gleb Gamow

vip

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OneCoin Threatens To Overthrow Bitcoin As Number One Cryptocurrency: https://cointelegraph.com/news/onecoin-threatens-to-overthrow-bitcoin-as-number-one-cryptocurrency

Quote

“Stop being jealous,” the reader writes in his email to Cointelegraph. “As a OneCoiner I know that Bitcoin is very jealous that OneCoin is doing much better than Bitcoin and will soon replace Bitcoin all the way because Bitcoin is too expensive and is losing ground. Stop bringing lies on the Internet that OneCoin is a scam or ponzi scheme, because it is not!”

“Bitcoin is not for the masses, because it is too expensive while OneCoin will be for everyone available now and later,” he continues. “Especially the people on this planet who have no bank account. OneCoin is the solution and Bitcoin will never be. Soon Bitcoin will not exist anymore, because OneCoin will replace it. See as example MySpace website replaced by Facebook and forgotten. Bitcoin will soon be history too. Live with it!”

...

Lazar accused the propagators of OneCoin of being ignorant and gullible, saying that they are trying to play in Bitcoin's arena, an area they understand nothing about. She likens the scenario to grade school children playing electricians, teachers or doctors without the education, developed mind, training or apprenticeship.

“It's just a game, and not at all real! As if any real electrician, teacher or doctor could possibly be jealous of such twerps, playing in their sandbox, trying to mimic them? Preposterous!” she says.

Lazar concludes by noting that the ultimate goal of her war against OneCoin is to break the programming of all those that have been bewitched in the OneLife camp, who speak about things they know nothing about.

https://en.wikipedia.org/wiki/Onecoin

Quote

Onecoin has been accused of being a Ponzi scheme, both because of how it has been set up and because of many of the people who are central to Onecoin having previously been involved in other such schemes. In China, several members and investors of OneCoin were arrested in 2016 and $30.8 million USD of assets were seized.

My guess is that eventually all the OneCoin scum buckets will be arrested, and for that, as a Bitcoiner, I'm so motherfuckin' jealous. Cry

spartak_t

legendary

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@FAILCommunity

It's a shame that she is Bulgarian. There were quite a few articles in the Bulgarian press about this MLM ponzi scheme. I'm not sure how much money they made from OneCoin, but I can tell you that she is a multimillionaire. Back in 2015 she bought 2 buildings in Sofia's (our capital) center for 9 million euro and a 114 acre property near the Black sea for an undisclosed amount.

110110101

legendary

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Quote from: bbc.reporter on October 05, 2016, 01:42:45 AM

I have never heard of onecoin until this recent development involving the regulators. This is bad for the cryptocoin projects that really want to create something. Now they too will also be in the radar of the regulators. Anything that they do not want to see will disrupt and halt all the work that was started in a project.

For example the regulators come after Ethereum or something like litecoin. How will that look for everyone in the cryptosphere.

Well, Onecoin is a Ponzi scam and the authorities are right to go after them if they are breaking laws in these countries jurisdictions. If Ethereum and Litecoin did the same then it would be fair game to investigate them too.

Quote from: European Central Bank on October 05, 2016, 04:14:59 AM

--cut--

I think the authorities are more interested in the fact that onecoin is relieving people of their money than anything else. it's great that they're centralized too. that'll make it easier to prosecute.

Yep, turn off their one server and Onecoin is no more.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: AndyGreen on October 04, 2016, 09:49:21 PM

It shares some features with other digital currencies, but has a unique centralised model, which includes maintaining a database record of each transaction and client and the implementation of Know-Your-Customer (KYC) rules. These measures help protect its clients.

I think the authorities are more interested in the fact that onecoin is relieving people of their money than anything else. it's great that they're centralized too. that'll make it easier to prosecute.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

I have never heard of onecoin until this recent development involving the regulators. This is bad for the cryptocoin projects that really want to create something. Now they too will also be in the radar of the regulators. Anything that they do not want to see will disrupt and halt all the work that was started in a project.

For example the regulators come after Ethereum or something like litecoin. How will that look for everyone in the cryptosphere.

Spoetnik

legendary

Activity: 1540

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FUD Philanthropist™

Quote from: AndyGreen on October 04, 2016, 09:49:21 PM

Quote from: robbo389 on October 04, 2016, 03:59:20 PM

The City of London Police are also investigating OneCoin along with a multitude of police forces from other countries. Dr Ruja will find it hard to flee if every country she runs to has her under investigation.

https://www.cryptocoinsnews.com/onecoin-claims-unaware-london-police-investigation/

Quote

As the UK’s primary financial regulator, the Financial Conduct Authority (FCA) has previously granted licenses to the likes of bitcoin exchange and services Circle. Earlier this week, the regulator and authority issued a public statement, warning consumers against engaging or trading in OneCoin, an altcoin that has garnered controversy in the past.

OneCoin is widely seen as a fraudulent cryptocurrency scheme that purports itself to be a digital currency similar to bitcoin. In its warning, the FCA revealed the City of London Police were currently investigating the alleged scheme, advising consumers who believe they have been swindled to reach out to the National Fraud Centre.

ONECOIN OFFICIAL RESPONSE TO THE RECENT STATEMENT OF THE FINANCIAL CONDUCT AUTHORITY (FCA)
OneCoin is disappointed that the FCA has issued a statement without having first contacted the company. OneCoin has not been contacted by the City of London Police. No allegations of any wrongdoing have been put to OneCoin and the basis for and scope of any investigation has not been explained.

OneCoin is a global software and technology company, with offices in Bulgaria, Hong Kong and the United Arab Emirates, which has developed a cryptocurrency. It shares some features with other digital currencies, but has a unique centralised model, which includes maintaining a database record of each transaction and client and the implementation of Know-Your-Customer (KYC) rules. These measures help protect its clients.

OneCoin is committed to following good business practices and the relevant rules and regulations in the countries in which it operates. It will co-operate fully with the authorities in pursuit of this objective.

uhhhhhmmmmm whaaaaat ? Cheesy

AndyGreen

member

Activity: 116

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Quote from: robbo389 on October 04, 2016, 03:59:20 PM

The City of London Police are also investigating OneCoin along with a multitude of police forces from other countries. Dr Ruja will find it hard to flee if every country she runs to has her under investigation.

https://www.cryptocoinsnews.com/onecoin-claims-unaware-london-police-investigation/

Quote

As the UK’s primary financial regulator, the Financial Conduct Authority (FCA) has previously granted licenses to the likes of bitcoin exchange and services Circle. Earlier this week, the regulator and authority issued a public statement, warning consumers against engaging or trading in OneCoin, an altcoin that has garnered controversy in the past.

OneCoin is widely seen as a fraudulent cryptocurrency scheme that purports itself to be a digital currency similar to bitcoin. In its warning, the FCA revealed the City of London Police were currently investigating the alleged scheme, advising consumers who believe they have been swindled to reach out to the National Fraud Centre.

ONECOIN OFFICIAL RESPONSE TO THE RECENT STATEMENT OF THE FINANCIAL CONDUCT AUTHORITY (FCA)
OneCoin is disappointed that the FCA has issued a statement without having first contacted the company. OneCoin has not been contacted by the City of London Police. No allegations of any wrongdoing have been put to OneCoin and the basis for and scope of any investigation has not been explained.

OneCoin is a global software and technology company, with offices in Bulgaria, Hong Kong and the United Arab Emirates, which has developed a cryptocurrency. It shares some features with other digital currencies, but has a unique centralised model, which includes maintaining a database record of each transaction and client and the implementation of Know-Your-Customer (KYC) rules. These measures help protect its clients.

OneCoin is committed to following good business practices and the relevant rules and regulations in the countries in which it operates. It will co-operate fully with the authorities in pursuit of this objective.

AndyGreen

member

Activity: 116

Merit: 10

Quote from: European Central Bank on October 04, 2016, 03:40:33 PM

is there any point in stating anything about this piece of shit? no matter what the facts are, onecoin zombies are gonna descend in swarms and try to reassure themselves they're not getting screwed up the ass.

How funny to read all these bad words from the user named European Central Bank

Now i know why all Europe is f***ed Grin

robbo389

newbie

Activity: 56

Merit: 0

The City of London Police are also investigating OneCoin along with a multitude of police forces from other countries. Dr Ruja will find it hard to flee if every country she runs to has her under investigation.

https://www.cryptocoinsnews.com/onecoin-claims-unaware-london-police-investigation/

Quote

As the UK’s primary financial regulator, the Financial Conduct Authority (FCA) has previously granted licenses to the likes of bitcoin exchange and services Circle. Earlier this week, the regulator and authority issued a public statement, warning consumers against engaging or trading in OneCoin, an altcoin that has garnered controversy in the past.

OneCoin is widely seen as a fraudulent cryptocurrency scheme that purports itself to be a digital currency similar to bitcoin. In its warning, the FCA revealed the City of London Police were currently investigating the alleged scheme, advising consumers who believe they have been swindled to reach out to the National Fraud Centre.

European Central Bank

legendary

Activity: 1288

Merit: 1087

is there any point in stating anything about this piece of shit? no matter what the facts are, onecoin zombies are gonna descend in swarms and try to reassure themselves they're not getting screwed up the ass.

blackhawk101

sr. member

Activity: 308

Merit: 250

Quote from: sirohige on October 03, 2016, 08:23:15 PM

For the longest time, Dr. Ruja has been the face of OneCoin. She has held various speeches and presentations on why this Ponzi Scheme is better than Bitcoin. Unfortunately, thousands of people fall for these empty promises, and it looks like there is no stopping the OneCoin train.

But that situation may come to change soon, as Dr. Ruja is no longer the OneCoin CEO. Effectively immediately, she has stepped down from her position of power to focus on “developing the OneCoin blockchain.” Everyone knows the team has no blockchain, and she is just doing this to cover her own behind.

Less than 48 hours ago, all OneCoin members saw their balances doubled. To this day, it remains doubtful anyone managed to withdraw those funds, as the Ponzi Scheme will run out of cash sooner rather than later. Since there is still no proof of OneCoin even making money in some capacity – other than by scamming investors – the end may be near.

http://themerkle.com/dr-ruja-flees-sinking-ship-as-regulators-crack-down-on-onecoin/

Yeah, chill dude. You're jealous of OneCoin's patented advanced crypto-cybernetics doubling feature. Pfft... why halve the mining output when you can double it, more $$MONEY$$, more WIN!!!

WOOHOO ONECON!

AndyGreen

member

Activity: 116

Merit: 10

Quote from: sirohige on October 03, 2016, 08:23:15 PM

For the longest time, Dr. Ruja has been the face of OneCoin. She has held various speeches and presentations on why this Ponzi Scheme is better than Bitcoin. Unfortunately, thousands of people fall for these empty promises, and it looks like there is no stopping the OneCoin train.

But that situation may come to change soon, as Dr. Ruja is no longer the OneCoin CEO. Effectively immediately, she has stepped down from her position of power to focus on “developing the OneCoin blockchain.” Everyone knows the team has no blockchain, and she is just doing this to cover her own behind.

Less than 48 hours ago, all OneCoin members saw their balances doubled. To this day, it remains doubtful anyone managed to withdraw those funds, as the Ponzi Scheme will run out of cash sooner rather than later. Since there is still no proof of OneCoin even making money in some capacity – other than by scamming investors – the end may be near.

http://themerkle.com/dr-ruja-flees-sinking-ship-as-regulators-crack-down-on-onecoin/

Dr. Ruja didn't step down, Dr. Ruja is pregnant, buddy Wink

sirohige

hero member

Activity: 784

Merit: 500

For the longest time, Dr. Ruja has been the face of OneCoin. She has held various speeches and presentations on why this Ponzi Scheme is better than Bitcoin. Unfortunately, thousands of people fall for these empty promises, and it looks like there is no stopping the OneCoin train.

But that situation may come to change soon, as Dr. Ruja is no longer the OneCoin CEO. Effectively immediately, she has stepped down from her position of power to focus on “developing the OneCoin blockchain.” Everyone knows the team has no blockchain, and she is just doing this to cover her own behind.

Less than 48 hours ago, all OneCoin members saw their balances doubled. To this day, it remains doubtful anyone managed to withdraw those funds, as the Ponzi Scheme will run out of cash sooner rather than later. Since there is still no proof of OneCoin even making money in some capacity – other than by scamming investors – the end may be near.

http://themerkle.com/dr-ruja-flees-sinking-ship-as-regulators-crack-down-on-onecoin/

Topic: [2016-10-04] Dr Ruja Flees Sinking Ship As Regulators Crack Down on OneCoin (Read 1418 times)