One coin, and so much fraud: OneCoin as a global Ponzi scheme

One coin, and so much fraud: OneCoin as a global Ponzi scheme OneCoin claimed as a cryptocurrency and at the same time a trading company from Bulgaria, as I suspect, is a financial pyramid. Any convincing rebuttal, is able to maintain its business reputation, its organizers was not presented.
For investment in cryptonomicon, some people consider Cloud mining. However, most involved in this area companies prove to be a banal financial pyramid. Data obtained CoinTelegraph, in addition to already published surveys, show that OneCoin.the eu and the One World Foundation is involved in financial fraud.
The amount of evidence confirming the status of OneCoin pyramid schemes significantly. Its leaders had previously been involved in other well-known financial frauds in its online resources do not contain any conclusive evidence regarding its true intentions; posted on the website information, to maintain their reputation, in many respects contradictory.
In addition, the quality of posted content, including level of English and design the web site, too low for international activities, which is supposedly going to carry on the business of local flood. History of nefarious activities
Ruja Ignatova founder, owner and CEO of OneCoin trying to demonstrate your expertise and business acumen. The information contained on the website OneCoin.eu indicates that she received a degree at Oxford and the Council of Constance [Germany] universities and previously held the position of General Director of the Bulgarian private investment company CSIF.
If summary available on OneCoin.eu is positioned as the official information, it should be noted that the allegations found in other sources and does not correspond to that indicated in her resume. Part Ignatova courses on conducting negotiations at Harvard University is mentioned only on the website of One World Foundation and not reflected in its summary.
Own website Ignatova says she graduated from Oxford with a master's degree of jurisprudence in European law in 2004. The websites in question that are created in WordPress, Blogspot and Weebly, the last two in German, stating that in 2004, Ignatova began her career after graduating from Oxford. Scanned and posted on OneCoin.eu diploma suggests that she graduated from a training program in 2009; there is no mention about the year 2004.
CoinTelegraph contacted the CSIF and asked to confirm information about previous employment Ignatova, but never got her answer. Also working in OneCoin in various positions Sebastian Greenwood and Nigel Allen were both seen in financial fraud in the past.
Greenwood previously worked in the no longer existing financial Unaico pyramid, which has provoked criticism and warnings from the Commission on securities and stock exchanges of Pakistan. Directed the company's notice pointed to “illegal network marketing” and advised consumers “to refrain from investments and transactions with these so-called attractive business schemes practiced by the company.
Allan, former President of OneCoin, had earlier organised similar a financial pyramid in OneCoin, namely, Crypto888 and Brilliant Carbon. Correspondence from January 2015 shows that Ignatova and Allan were the differences that led to the conflict, Ignatieff described as a “breach of trust” and called Allan “illoyal” (obviously meant “disloyal,” i.e., disloyal). Amateur cheating
It is clear that, in spite of visible leadership experience in building tools that help fraudulently to encourage consumers to invest, approval, announced OneCoin, are easily detected as fabrications.
Work style OneCoin uses the prestige and publicity to create the image of importance and legitimacy. So‑called ‘One-UPS’ intended for bonuses successful traders who are invited to hosted by the organization of the ceremony. These ceremonies also serve as events to raise funds for “projects” Foundation One World Foundation.
“One-bonuses stimulate success stories. We award such prizes as Black Diamond and Double Diamond. Belongs to this exclusive circle is rewarded with prizes, luxury items such as Rolex watches, cash prizes and luxury cruises. Other team members will be inspired by Your achievements and see what a huge opportunity it offers them One.”
– OneCoin.eu
It is the last event in Dubai prompted James Dollahan to send us a message regarding the methods used OneCoin. Dollahan, working in the Philippine consulting firm Worldwide Summit (international Summit), sent by confirmed e-mail address CoinTelegraph comments that a group of partners attended the event in Dubai, together with about 3 thousand other participants (obviously, clients)”. He explained:
“They met with the owners and managers of OneCoin, and, indeed, their behavior and what they said was exactly like what I was warned. No promise that it would be possible to verify or substantiate, with the exception of the arguments given on their own website [...]. As for technical issues, they were also not detailed in their responses, and many had no meaning or relation to the real cryptocurrency”. According to OneCoin.eu, 650000 yankoulov (OneCoin), and “50 thousand cash in an unspecified currency had been donated to the Foundation One World Foundation during the event.
The interest of Dollahan called a marketing gimmick, shows the most Ignatova. Material issued for the interview with her was published on the front page of the Bulgarian Forbes magazine, published in may 2015, and this material OneCoin subsequently posted on its website and distributed in printed form at the event in Dubai.
While OneCoin pass it off as “interview”, on closer examination it becomes clear that the material is nothing like paid advertising. Cover posted on the website OneCoin.eu does not match the cover with your own website Bulgarian Forbes. Dollahan circulated his correspondence via email, where he asks Forbes confirmation of the paid advertising campaign; at the time of writing this article, this fact was in the process of verification. False friends
The Foundation One World Foundation, advertised as the main subsidiary (extracted from OneCoin) the company claims that helps disadvantaged children through donations collected through the activities of OneCoin and special events.
His website claims that the Fund supports various organizations, including One Laptop per Child, but does not report exactly how he does it. The Ticker on the main page of the website informs you at the time of writing this article that the Foundation “helped” 73 children, and again any confirming information available.
The Foundation also indicates that its mission is to “enable children and youth to learn about today's economy, to make them responsible adults who understand Finance and can build a prosperous life.” It is not clear how to achieve these goals, thanks to supposedly support.
Meanwhile, another partner of OneCoin – Aurum Coin sharply reduced its activity since November 2014, since the Bitcointalk forum drew attention to the allegations and the existence of numerous reports of financial fraud.
Blinding the fine print
Every time different States that OneCoin was that in Gibraltar, on the alleged homeland Ignatova – Bulgaria. However, regardless of the location of his office, it is striking that the United States listed on the site in a number of countries, with residents of which the company does not operate or runs in a restricted format:
“Request for partnership can be rejected if they are received from residents of the specified territories, or available payment methods may be limited.
In his review on OneCoin, the resource BehindMLM.com suggests that this is because “OneCoin would violate the rules of the securities Commission (SEC) for the offerings to market unregistered securities.
What activities OneCoin can be a pure falsification, an obvious fact. Mention OneCoin is not on any serious resource, including CoinMarketCap. Missing and any information regarding its technical specifications, as posted on the website of the information is impossible to verify.
CoinTelegraph encourages readers not to enter into business relations with OneCoin, it subsidiaries or partners. Similarly, you must avoid any other projects related to the actors mentioned in this article.