It all started with this news article from the Indian Express. Let's quote key parts.
We see that the title alone separated this event from the company:
Cause the company does not tell or promise any returns from Onecoins ever. It is known that Onecoin will become publicly traded sometimes in 2018 but no promises are being made. So this alone tells us that this event and what those people were advertising has nothing to do with the company.OneCoin Case: Investors were told they would get massive returns in Dec 2018
First of all Onecoin is not a fraudulent company and this clearly shows that author of this article is "educated" by bitcoin community whose OPINION is that Onecoin is scam cause they do not understand MLM and they refuse to believe that cryptocurrency can be centralized. Since they do not get to decide, they indeed poison people, authorities included with their crap but then again, no authority can make a verdict based on the accuser, the case needs to be investigated and then with the company itself and no investigation so far lead to the company itself being labeled as fraud. The only problems that emerged are due bad interpretation of the company from network people. Also, no MLM global company has no registered account in any country. It is all done via official outposts that are some local companies owned by some network leaders. The same is with Onelife.Investors who deposited money with the fraudulent OneCoin company had been told that they would receive massive returns in December 2018. Investigations have found that the company had no registered office or bank account and the police said all payments were received by the accused in cash.
True, upon buying education, you get your account at oneacademy.eu, but also you can use it on onelife.eu to submit free promotional tokens into mining and acquire onecoin. Only then you can see your onecoins at onecoin.eu. But those onecoins can only be spent on dealshaker for now.A senior Navi Mumbai police officers said that following the payment, investors were given passwords to access their profiles on the OneCoin website. “On the website, investors could see how many coins they had purchased with their money. The accused had told the investors that the value of the coins would fluctuate according to the value of Euro,” said the officer.
Is this true or not? In any cryptocurrency, the more users join the more its value goes up. Why would the Onecoin be different? The difference is, that if you refer people to BItcoin, you earn nothing, but if you refer Education that grants Onecoin, you can get some profit out commission. If you refer Coca Cola to some one, you get nothing (marketing agencies do), if you refer Herbalife, you can make profit from commission cause marketing budget does not go to marketing companies, it goes to PEOPLE. Isn't cryptocurrency made for the PEOPLE?The officer added that investors were also made to believe that the value of the coins would steadily increase as more and more people joined the multi-level marketing scheme. “That way, each investor would bring in their acquaintances into the scheme believing this would increase their returns,” said the officer.
This is so wrong to promise payments in Dec 2018 and the police was totally right to put this to the stop but this has nothing to do with the copany cause the company also forbids that. Bellow, I will write what the Onecoin company did with this case.In December 2018, said the police, the investors were to receive their payout. “Until then, the accused told the investors to wait and watch their investment grow steadily on the website. Had we not acted now, there would have been a flood of complaints next year after the investors would have realised that they had been cheated,” said the officer
Anyone who knows how to buy Education also knows that you can't buy it without the company acknowledging your payment. One need to question how come those bank accounts still contain a large sum of money and this money was not moved to any foreign account (to the company main account). Maybe those people were just selling fog to buyers? Maybe they were selling some pre-made onecoin wallets? We will see this below.The police have booked four other individuals who they believe worked at senior positions in OneCoin. Interrogation of the 18 persons arrested on Sunday has revealed that the money they had collected so far was funneled into bank accounts not registered under OneCoin. “We have found four bank accounts registered under the names of other corporations. The accounts contain a large amount of money and we are in the process of freezing them, said an officer.
On the next news article we see some controversies from the first article:
Here they write that the accounts were operated by Onecoin and in the earlier article they wrote:The Navi Mumbai Police have seized Rs 18.97 crore from bank accounts operated by OneCoin, a multi-level marketing scheme. They suspect the money belongs to the individuals who invested in the virtual currency.
In the latest news, and haters really love this oneWe have found four bank accounts registered under the names of other corporations
We can see following:
Let's not be fooled by thinking this is a simple typoThe Navi Mumbai Police have filed a chargesheet against the promoters of crypto-currency OneCoin, accusing them of duping thousands of investors to amass Rs 75 crore. The police has also booked two Bulgarian nationals in its chargesheet, including Rjua Ignatova, the founder of the Ponzi scheme
I am pretty sure the author wrote Rjua instead of Ruja intentionally Butl let's assume they ever fix it. THIS IS HATERS DREAM COME TRUE
There is an article that says that dr Ruja was charged as a founder of Ponzi scheme. Now they can finally forget about all those countries with 1year + old investigations where real governments were unable to find any viable proof of fraud nor ponzi, and now haters have THE REAL argument to spread around the comments like rats they are. What does this mean in the first place? Well, if you ask me, when police arrest people for promoting something in a bad way, and they lock them, they of course need to make some paperwork in terms of charge sheet and the matter needs to be investigated.
Those arrested people, being real frauds they were, probably tried to save their ass by slandering the company. India is known by many frauds and many of its people are very well known that they will try to sell your head if they have to and if they get caught they will kill you just to save their ass.
Although we DID NOT SEE ANy OFFICIAL DOCUMENT that dr Ruja was on the charge sheet, I will not say it is a lie, I will say it is not a problem at all.
We will see below why.
What is interesting that the Indian Express did not write about something we could read on The Hindu:
We see two account owners who tried to bail them selves out like they were not aware of transactions. This is what I was talking about in previous paragraph.“Kedia was not aware of the transaction, but he grew suspicious. He wrote to the bank informing his resignation as the director of the account and requested the bank to freeze the account. After keeping the account under observation for six months, the bank froze the account in February. Unable to make transactions, the main accused based in Mauritius and Bulgaria opened the other account. The ₹5 crore has been seized.”
Later, an accused approached Patel and secured permission to use his account to transact business. Patel was promised a monthly commission. Mr. Awate said, “Patel was unware of where the money was being deposited into his account. But he observed that money was deposited frequently and transferred or withdrawn immediately. Money was not kept in the account for a long period.” The EOW has frozen 35 accounts used to deposit money into the account.
Also, The Hindu mentions some person from Mauritius and Bulgaria:
We have no idea where did those names pop up but haters seem to refer "Ereena Andreva Belkinska" as "Irina Dilkinska" and they claim she is head of legal department and they now relay that as parrots. Just like they were buzzing about the Macau event being banned and how Netherlands made a verdict that Onecoin is a fraud but they were just spreading fake news and they always tend to spread fake news cause they wish so hard that there is truth in there. It is astonishing, however, how thick their cheek is after all those fake news and failed collapse over past 2 years they still do this.The scam was busted in April 23 this year when 18 promoters of the scheme were arrested during a seminar organised by them at an auditorium in Juinagar. Mary Beyance from Mauritius and Ereena Andreva Belkinska from Bulgaria have been named as the main accused.
This Hindu news looks no different from Gerlachtreports to me.
The most stupid thing (besides the fact that they actually believe such company could not afford to have a blockchain where any programmer could fork one of the open sourced) is that they actually imply that dr Ruja and head of legal department actually went to India to bribe some people to open bank account so they can collect money from people that were promised high returns in Dec 2018 (ponzi) ??? Seriously?
Did you miss that dr Ruja has a degree in law and she just might know that would be illegal? How can you expect that lawyer will break the law so hard? Do you expect a medical doctor to intentionally kill his patient? Get a grip, please.
CONCLUSION:
It is clear that the company does not make any promise about the value of Onecoin and profit of Onecoin once it hits public trading.
The open market will determine that when the time comes. So there is no talk about promised payouts from Onecoins which would be a ponzi.
However, despite the company's compliance, since Onecoins are being distributed via Onelife Education packages, some Onelife members tend to indeed market Education as an investment and promise profit from selling Onecoins. That is forbidden also by the company. The company will ban such people and will work with the authorities in such cases as we will see below.
I see no connection with India arrests with the company's compliance. Do you?
For the end, let's see a transcript of what dr Ruja had to say about India events from this video. I will bold and red important parts.
To see that not all Indian Onelife leaders worked badly we can watch this video from very good leader dr Zafar about the first Onelife diamond from India. They all suffer now because of some people who worked badly. We will see if real leaders will be able to teach leaders how to work and if the company settle this case with Indian authorities.Well, unfortunately, we face situations every day in several countries, even more unfortunate is that most situations were self-made and unfortunately made by network. So once again I would like to ask Sebastian and all the leaders in the network to remind our people out there what we are doing. We are a company that sells education packages. We are not an investment, we are not selling onecoins, we are not selling cryptocurrency and this is extremely important.
Me, as a founder of this company and the management team, we will not tolerate people who go out to promise things that are not real, who go and make really bad claims to our company and what happened in India was very simple, there were 25 or 30 people who were marketing our company and our educational packages as investments.
All these people we have removed from the compliance, from the company because Onelife is not an investment company. There are no returns (from Onecoins) there are no promises like this, we sell education packages.
And who ever violates this will be taken out of the network because of compliance. And once again these people get in trouble, get prosecuted by the authorities and to be very honest, we also cooperate with the authorities on things like this because we will not let people scam our members. I also heard that some people tried to sell gift codes and did not deliver them and now again we as a company get blamed and we will not tolerate this.
We cooperate with India authorities, we support them where ever we can on the people who violate the rules and I once again say we as a company do not tolerate this.
We are a legal company, we do nothing illegal. I will not tolerate members who for their own profit, for their own interest sell this opportunity in the wrong way. So I again want to ask all of you out there to be responsible and to deal with our opportunity as it deserves to be dealt with and not like this. So as I said, we are speaking to the Indian authorities, we have delivered the names of the people who have violated the firm policy, we have warned everybody in India not to do so and I have stopped India registration process in India yesterday. Until all the leaders have not done another training with the compliance, with the company standard I will not reopen the market.
Also The company did make an official statement on those news back in April 28. 2017:
