The OneCoin scam brazenly still operating out in the open in Asia. This highly reputable scam is hosting an event in Japan in four days and advertising it on Facebook. The Onecoin Ponzi scheme is also broadcast on television.
19 February, 2020 | AtoZ Markets – Thousands of investors have lost money with the Onecoin Ponzi scheme. Meanwhile, Ruja Ignatova, co-founder of OneCoin, has disappeared with an allegation of $ 400 million fraud. Ruja Ignatova is one of two people who founded OneCoin in 2014 in Sofia, Bulgaria. She and her younger brother Konstantin Ignatov are also charged in this case. However, she disappeared in 2017 when OneCoin was suspected.
OneCoin also operates under the name of Onelife and is still popular in developing countries such as Latin America, Asia and Africa. OneCoin/OneLife continues operating in these developing economies due to weak or non-enforceable regulations and high levels of corruption. They have a lot of stolen funds which they can use to bribe officials and evade prosecution.
OneCoin Promoters Using TV Drama to Promote Ponzi Scheme
An American production company has obtained the rights to a podcast on Ruja Ignatova originally broadcast by the British Broadcasting Corporation in the UK.
The podcast “The Missing Cryptoqueen”, traces the rise, fall and disappearance of Ignatova. It downloaded 3.5 million times in four months when it went online in 2019. New Regency Television will transform the podcast into a reality television drama.
Ignatova is currently in hiding. Prosecutors are charging her and her brother Konstantin Ignatov with fraud and money laundering. Konstantin already pleaded guilty to the charges. He and faces up to 90 years in prison. OneCoin defrauded investors for a total of around $ 5 billion, which raised suspicion about its activities as early as 2015.
Read More: FCA CFD Market Interventions Are a Success?
OneCoin Promotes Upcoming Event on Facebook
Incredible, the OneCoin Ponzi investment system is still as efficient in Asia. This highly reputable scam is hosting an event in Japan in four days and advertising it on Facebook. It is perhaps more surprising to see OneCoin operating in Japan. Japan generally applies strict penalties for fraudulent investments and scams.
It faced a massive crackdown by law enforcement around the world. But it appears that the OneCoin scam is still operational in peripheral markets without strict enforcement, or with high levels of official corruption.
Dealshaker is a website that has a negative reputation for promoting the OneCoin Ponzi scheme. Now it is sponsoring an event. OneCoin Mongolia and Dealshaker Japan organize the event. It will take place on February 22-23, 2020.
Incredibly, a scam that prosecuted and arrested in 22 countries can still operate openly in a well-regulated and developed market like Japan. It is even more incredible to see that they openly promote it on Facebook, a social media platform, TV and podcast. It has already cracked down on crypto scams and advertising scams in the past.
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