OneCoin: The $3.7 billion ponzi scheme that keeps on going
One of the top leaders of billion dollar ponzi scheme OneCoin has been arrested in Los Angeles. But this weekend there’s a meetup for new potential investors for OneCoin in Stockholm, Sweden.
The U.S. Attorney’s Office of Southern District of New York released a press release that the one of the leaders of known ponzi scheme OneCoin has recently been arrested at Los Angeles International airport (LAX). But this weekend in Upplands Väsby north west of Stockholm there is a planned meetup still taking place for the global ponzi scheme.
OneCoin have a calendar full of events for new investors
Swedish news site Breakit reports that the ponzi scheme that managed to get hold of around $3.7 billon dollars between 2015 and 2019. With reports of various people connected to OneCoin are still getting arrested across the world.
“In just a few years they managed to attract 3 million followers to the project. One part of this was the cryptocurrency, and the other part the educational department known as Onelife Academy.”Breakit
Go Cryptowise have managed to get hold of a list of future events, and it looks like OneCoin have a full line of events planned for coming months (list of events). For example:
- 16-17.March (Regional Onelifers event)
- 16-17.March – (DealShaker EXPO)
Sri Lanka, Colombo.
- 16-17.March – (DealShaker Training&EXPO)
- 23-24 March OneLife Big Event in Dubai
- 23-24.March – (DealShaker Training&EXPO)
When will the ponzi scheme of OneCoin end?
We can expect further news and potential arrests in coming weeks related to OneCoin. There are few doubts remaining the this has been from the start a deliberate ponzi scheme. But still with a pipeline full of events there are questions about when the scheme will actually end? And will more people get trapped in the scheme, risking their money for what?
From the press release from the U.S attorney’s office
“As alleged, these defendants created a multibillion-dollar ‘cryptocurrency’ company based completely on lies and deceit. They promised big returns and minimal risk, but, as alleged, this business was a pyramid scheme based on smoke and mirrors more than zeroes and ones”.Manhattan U.S. Attorney Geoffrey S. Berman
Remember to research all crypto projects before you invest in them. The crypto space is by large still unregulated, so new projects that hasn’t been vested yet can create ICOs, and perhaps even get on to some of the smaller exchanges. Make sure you are do research on all the cryptocurrencies you might want to buy. For example finding a trustworthy exchange is super important. That’s why we have only listed the trusted exchanges that we prefer. Any ICOs you want to get in on, and other products like wallets, etc.
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