EagleOne wrote: ↑
Mon Jul 10, 2017 3:26 am
Now OneCoin has been officially named a Ponzi. Not only did the Indian Authorities name OneCoin a Ponzi, but they also issued a charge sheet for Ruja Ignatova. You can read all about it here: http://indianexpress.com/article/cities ... e-4743458/
Just the first of many more to come.
CryptoXpose wrote: ↑
Mon Jul 10, 2017 9:07 am
Ruja Ignatova charged with Ponzi fraud by Indian authorities:
http://indianexpress.com/article/cities ... e-4743458/
'But we are not a ponzi. We only sell education, and promise no returns! But if you buy the Power Pack, you will get up to 8 splits, and you get all the splits immediately! Buy now! Onecoin price is 12.45€ and rising! But by buying the €48k Power Pack you will get Onecoins with huge discounts, giving you OneCoins worth of over 10 million euros!! ! (But we don't promise anything, so we are not a ponzi scam!)
Please bitches, I can expect this from Tim but not from you Xpose, you are smarter than this.
First of all, since Indian police first made an arrest and later they ask questions, they need to start some paperwork so this news only shows that CHARGESHEET
has been made for people that got arrested for something, not the conviction.
But how the hell can they charge Ruja Ignatova if she was never in India. Did they even contact the company and the Ruja for the official statement? Of course they didn't. It is questionable if she is even on the list cause there is no proof so by mention her there you are making a crime.
Once again you read what you want to read. The author of the article is clearly biased against the Onecoin cause title says:
OneCoin fraud: Chargesheet says accused amassed Rs 75 crore
One might understand like Onecoin is fraud.
But here he writes differently:
The 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.
PROMOTERS are arrested for "duping" investors, this can not be linked to the company cause it has clear rules on how to promote business so your buyer can understand the risks. If I go around and sell CocaCola as cure for cancer and some idiots believe me and pay, you can not charge CocaCola for my promoion. But you guys are so blinded in your straw hunt and fail to mention that your author acknowledges Onecoin as cryptocurrency (promoters of crypto-currency OneCoin) and how it was promoted to dupe investors. Well, I heard some people
were also using Bitcoin to take money from investors and promise them profit when Bitcoin price goes up. It is totally the same thing as happened here in India with Onecoin but we don't say Bitcoin is a scam.
And this tells all:
The accused had allegedly told the investors they would receive a huge payout in December 2018
So those Onecoin promoters promised people they will receive huge payments in December 2018. Since that was a promise, they will need new money to be able to make those payments right? That indeed is a ponzi, but the problem is that Onecoin DOES NOT promise the sell of coins at any price. It can promise that you will get your coins, and that it will be publicly traded in 2018. What will happen when public trading starts with price and will you be able to sell any coin remains to be seen.
The same can be said with ANY ICO, based on the concept and a plan of newcoin we decide if we will pay money for their coins or not. none of them promise anything but their desire to work out a plan. This has nothing to do with Onecoin company itself. Cause company and Onelife network too do not promise any profit from Onecoin. At the events, of course, people state beliefe it will be traded good and price will go up cause there is visibility but opiniona and beliefe are totaly different than a promise.
Here is what is actually going on since you are too biased to read objectively:
The police, however, have been unable to speak to any of the investors in the course of its probe. “In this sort of scheme, investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme,” said Tushar Doshi, Deputy Commissioner of Police (Crime).
Ok, so, police COULD not speak with any investors, meaning there were no victims that reported any bad doing. Hmmm, is that ok in your opinion? If there were no victim to report a fraud then how and why did police act here at all? Maybe India Bitcoin community is too strong?
He said: investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme
Wtf? As retarded as this looks, they get to decide that investors become the perpetrators as well as victims although there no victims to report it but I must say they have solid ground to do like this if investors were promised payments in December 2018 so this case remains isolated to those people who did wrong promotion of Onecoin, need I to remind you that also Bitcoin was promoted in a wrong way in Bolivia and Bolivia
banned bitcoin there (as well as others cc) and we don't go clamp this isolated case to Bitcoin itself.
Sorry guys straw this as much as you want, but Onecoin is not a ponzi scheme cause there are no guarantees of what coins might do when publicly traded so Onecoin does not need any new money to be able to pay old people, ponzi scheme can be only made by promoters who promise sell of coins like they seem to do in India. Now you see why Ed Ludbruk quit cause he tried to conquer India but seems like he could not find honest people out there.
You seem to be eager to see any twisted news out there that has the same Onecoin and Ponzi in the same article and you fail to see how desperate that looks, yet I still did not get my answer to one of my questions:
1) I already said all we need to do is take a look what ponzi actually is and compare Onecoin and Onelife system to it. It is here
PLEASE write in short which part of Onecoin shows you that company needs new money to be able to pay old people?
2) I already said all we need to do is take a look what pyramid actually is and compare Onecoin and Onelife system to it. It is here
PLEASE write in short which part of Onelife shows you that you can only earn money by recruiting people?