The infamous Multi-Level-Marketing (MLM) scheme and so-called ‘cryptocurrency’ Onecoin is under investigation once again. On April 10 the German Federal Financial Supervisory Authority otherwise known as Bafin has frozen funds connected with a Onecoin payment processor.
A German-based company called the IMS International Marketing Services Gmbh is under scrutiny for accepting funds coming from the Onecoin organization. In a recent report, the German regulatory agency Bafin reveals they have seized funds in excess of €29m from the IMS firm. The agency states that IMS raked in a total of €360m from the MLM based company Onecoin Ltd., for over a year.
Read More Here >>> https://news.bitcoin.com/german-regulator-seizes-funds-onecoin-company/
Topic: [2017-04-19] German Regulator Seizes Funds From a Onecoin Associated Company (Read 224 times)
April 19, 2017, 09:48:01 AM
Jump to: