FINLAND Case - Rotten journalism at work

Here we will post all original accusations and arguments people who hate onecoin wrote all over blogs and comments. We will deeply analyze, dissect and answer everything with objective arguments. People will be left to decide which arguments are more logical and true to them
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Igorkrnic
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FINLAND Case - Rotten journalism at work

Post by Igorkrnic » Thu Oct 05, 2017 9:09 pm

I decided to make this topic after receiving several questions about recent bitcoin news relays about Finland Onecoin crackdown.

As we all know by now, Finland is one of the first, if not the first country that opened an investigation into Onecoin because authorities had many reports from "concerned" citizens (in my opinion probably mostly bitcoiners or open source geeks).

It has been almost two years and investigation led nowhere cause authorities had no proof that Onecoin has no cryptocurrency as it was accused. As for other fraud accusations clearly, the investigation also went nowhere although authorities were aware that some people promoting Onecoin were promising high returns but since no one was arrested probably that wasn't such a big case.

I wrote about Finland in this topic, just search "Finland".

But we have new happenings in Finland and it is all over the Bitcoin news, and seems like it is nothing more but making an elephant out of a fly. Tabloids were quiet on anti-Onecoin hype for some time but seems like they can make affair where there is none.

One of the Bitcoin articles is here: cryptocoinsnews.com

OneCoin Crackdown: Finnish Police Target Promoter in Investigation


But let' stick to the original article that is being translated from Finish in all bitcoin news sites is here: svenska.yle.fi

Let's analyze what is actually going on:
Journalist comments will be blue and policeman quote will be red
Onecoin raised interest in Finns a few years ago. Today, tax administration and the police are primarily interested in it.
Ok so as I just introduced, also journalist says that so far Finns made interest in Onecoin but he says that now tax administration and police take interest into it (Onecoin). Are they really looking into Onecoin? Let's find out.
The crime investigation indicates that the trade in Onecoin has been in the millionth grade. Onecoin was produced as the next big thing in terms of virtual currencies and aroused interest in, inter alia, Ostrobothnia
Journalist says that Onecoin has been traded in Millions (probably in Finland) and that Onecoin made some interest in this city. So this whole case is linked to this small city on the west of Finland with only 180000 population.
But, thing is, Onecoin does not trade, it can not be traded, it is obtained for free with onelife education pack from Oneacademy. Why do they mention trade? Could it be that IMAs miss promoted it? Unclear so far but those are only words of this journalist. Let's move on.
But here comes inconsistency and pretty much a marker if you even need to read the rest of the article:

The tax administration has examined individuals who have been active in the so-called virtual currency, Onecoin. The reviews have led to criminal reports.
Now, Österbotten's police station has completed a preliminary investigation involving a person who has been active in Onecoin.


"We have two suspects in an economic crime case, one of whom has been dealing with Onecoin," said criminal commissioner Antti Perälä at Österbotten police station.
Ok so first sentence is written by a journalist and he says that some individuals involved in Onecoin were investigated but then comes a quoted Policeman sentence where he clearly says that TWO individuals were suspected for economic crime and one of them happens to be involved with Onecoin. Cudos to a journalist at least being professional enough to put original policeman's words so we can actually see what is going on.
It's about an extensive case and large sums.
"The collision damage is over half a million euros," says Antti Perälä.

Onecoin, with its roots in Bulgaria, Finland's country stage in 2015. Many recruitment meetings were held and in Sweden, Ostrobothnia was large
Ok so policeman said "damage" is over half million euros. What damage? Damage to tax office? It can not be Oneacademy money cause that is counted in millions. But the author did not miss the opportunity to add a sentence about Onecoin being rooted in Bulgaria to manipulate naive readers into thinking that policeman is talking about Onecoin damage. Classic journalist spinoff for uneducated readers.
Exactly how many people invested in Onecoin are unclear, but there are estimates that there are about 20,000 Finns.
Placements were made through the purchase of "training packages" and their value varied from just over 100 euros to tens of thousands of euros.
As the recruitment took place through open meetings, the phenomenon became well-known. Onecoin raised feelings both for and against. The debate about Onecoin is a pyramid game also on Svenska Yles pages.
Now a little knowledge reminding about how Onecoin is promoted and it's history in Finland to put some more spice cause this is Onecoin article after all right? Not to mention linking some old article with debate whether Onecoin is a pyramid. Classic blogger clicks chasing technique.
Onecoin is a clockwise pyramid game. However, the founders have learned from their mistakes, and this time it's a covered pyramid game, so they can cash in a little more before the bubble bursts.
- The signature one truth on Svenska Yles comment field in February 2016
Seriously? The author even quoted a random February 2016 comment from a random person saying that Onecoin is a new level of pyramid bubble that will bust. It would not be so strange to put this comment but how credible is this journalist quoting this one and a half year old comment? Classic manipulation for naive readers and ignorance of the journalist who has no clue what even one year means in this industry.
The investigation, which has been completed at Österbotten's police station, will now proceed to the prosecutor for trial review.

- It's about gross tax fraud and gross corruption as debtor for one. The other person is suspected of gross money laundering and gross corruption as debtor, Perälä says.
Here we can clearly see that investigation is about tax fraud suspicion. Nothing to do with Onecoin. We already saw that only ONE of the suspects was involved with Onecoin.
It is the person suspected of tax fraud that has been involved in Onecoin. Economic activity has been high.

- According to our investigation, the value of trading in virtual currencies exceeds one million euros. The trade lasted for about one and a half years, "says Antti Perälä.
Ok so in the first sentence journalist writes that person suspected of fraud has been involved in Onecoin but We already know that policeman already said that two people were suspected of economic fraud and only ONE of them was involved in Onecoin.
Also we have a quote from a policeman where he mentions that value of trading into virtual currencies is over a milion but he does not mention Onecoin.

In April 2017, the supervisory authority in Germany, Bafin, banned activities involving Onecoin
Since policeman involved into investigation that is in topic here barely mentions Onecoin, journalist needs to spice the article up a bit so why not add some reminder on Germany case that we already deeply described here
The investigation that the police station in Ostrobothnia has now completed has not been about the company Onecoin, which has its headquarters in Bulgaria.

"Our investigation is based on the crime reports reported by the tax administration. Investigations have begun if criminal investigations should begin against the organization behind Onecoin in several parts of Europe.

"If there is a crime investigation around Onecoin, it will be bigger and involve several countries, in my opinion," concludes Antti Perälä
Finally, the journalist writes that this investigation is not against Onecoin directly as Bitcoin news spin and twist.
Also, Policeman confirmed that this investigation is based on economic fraud suspicion by some people but remarks that if direct Onecoin investigation should happen it needs to be joined forces of several countries.
My opinion is let them do it already, go there, figure out if they have that blockchain and get this nightmare over with.


CONCLUSION: As usual, the article is twisted and spun with Onecoin info all around yet the actual source of the article, the policeman in charge of investigation, barely mentions Onecoin, but he made clear that ONE of two suspects was involved in Onecoin and that this investigation has nothing to do with Onecoin directly, they are not to blame is some promoter evades taxes cause that is his sole responsibility.

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