I try to stay neutral in my opinion of other coins, but this one has always looked sketchy. They have been on the radar of numerous authorities, but somehow still operating. Do they have to collapse with everyone's money, before something is finally done?
OneCoin Ponzi Scheme Adjusts Tactics To Recruit More Members
http://themerkle.com/onecoin-ponzi-scheme-adjusts-tactics-to-recruit-more-members/
Though I haven't spent much time researching their model, I steer far away from any MLM type schemes that rely on tiered recruitment.
They should rename it "MadoffCoin"
It is a shame that we are still seeing a lot of questionable activities going on in our industry.
Agreed but, lets take that a step or two further shall we? It's a shame we are still seeing a lot of questionable activities going on in the financial industry. I think we are pretty much following the curve in that regard. It takes a long time, longer than crypto has been in existence to shake out the obvious crooks and scams. And, even having done that, the less obvious and smarter schemes will always remain just under the radar. And this is something we have always lived with and, I fear, will always live with. Human nature is sometimes our worst enemy but, it can also be our best friend. Depends on what side your on...
Just discovered this - Cryptopreneurs Radio has been heavily involved in OneCoin since October. They are currently having a OneCoin-hour show because of the scam headlines.
Tough Talk Radio @TTRNetwork 47m47 minutes ago Katy, TX
http://tobtr.com/s/8547909 #Cryptopreneurs #OneCoin @SusanKherkher @randystrain
http://www.blogtalkradio.com/toughtalkradionetwork/2016/03/23/cryptopreneurs-radio-with-tony-gambone-and-linda-ballesteros
That should be interesting. I'll put it on in the background.