Search Results for: onecoin

OneCoin Activity in China Has Resulted in Nearly 100 Arrests Since 2017

It has been a while since we last heard anything about OneCoin. Although this blatant pyramid scheme is still active, it seems the regulatory crackdown is not slowing down in the slightest. In China, nearly 100 individuals are being prosecuted for promoting the OneCoin pyramid scheme, and that number may rise. The OneCoin Cancer Needs to be Removed Anyone who has ever laid eyes on the OneCoin website or met any of …
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Dutch Teacher Fired for Shilling OneCoin to Students

Even though most cryptocurrency users have all but forgotten about OneCoin by now, that doesn’t apply to everyone. Last month, a court case in the Netherlands documented how a teacher had pressured students into buying into this pyramid scheme. While greed brings out the worst in people more often than not, it is very disturbing when teachers take this route. The OneCoin Saga Continues It has become more than apparent …
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BitConnect Plaintiff Claims Founders Are Associated with OneCoin

Lawsuits filed in the US last week against BitConnect’s promoters and executives have been released to the public. The identities of the individuals behind the alleged Ponzi scheme including director Glenn Arcaro were revealed, and several plaintiffs have claimed that the founders of OneCoin, another large-scale Ponzi scheme, were involved with BitConnect. Several lawsuits filed earlier this month suggested that Glen Arcaro practically ran the Ponzi scheme as its director of US promotions, …
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Onecoin’s Bulgarian Offices Raided by Law Enforcement, No Arrests Made

It has been a while since we last heard any major Onecoin-related news, though this notorious Ponzi scheme has been in the crosshairs of law enforcement agencies for quite some time now. It is evident this scheme will fall apart at some point in the near future. The company’s offices in Sofia, Bulgaria were raided by law enforcement agents this week. It is good to see officials crack down on clear …
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