CHINA Arrests Case - Finally

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
Igorkrnic
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CHINA Arrests Case - Finally

Post by Igorkrnic » Sat Sep 09, 2017 9:05 am

In this topic, I will address certain fake news about OneCoin company and arrests in China that took place.
I know about this China arrests case from when it happened in March 2016.

This forum made me links to legit and strict Onelife IMAs all around the globe so now I also have a link to Chinese chat and voice groups and I can finally write some solid info about China.
I can confirm that Onelife IMAs in China work regularly, they are actually more focused on promoting dealshaker cause it is the pillar of Onecoin success on public trading, current users number is not so important cause those are only people who will want to sell the coins, they realized.
Real users will come after Onecoin hits public trading.

So those legit Onelife people are aware that there is some independent group involved in several scams, and they used "one coin" name and fake website with their own misleading and high return promising promotional material to scam people (similar to Italy except in Italy it was done by the actual IMAs). Those Chinese scammers did not even sell real oneacademy gift codes. The amount of money collected by those fraudsters was $45.7 Million, it is a bit too small amount for 1+ million users in China? Correct. OneCoin company might even sue those persons I heard from Chinese IMAs.

Real Onelife IMAs actually collected Billions or at least hundreds of Millions and all those were for paying Education packages, not tokens nor Onecoins so recent temporary ban for ICOs in China has nothing to do with Onecoin since they did not make "typical" crypto fund raising ICO.

Here is a list of ICOs that need to return funds to investors: finance.caixin.com and I was confirmed that OneCoin is NOT on that list so this BS article from behindMLM was just yet another abuse of OneCoin name to make a click bait.

Turned out it was forward thinking from dr Ruja to sell Education, and not Coins or Tokens and even smarter recent decision to implement an option upon activating education code to select whether Education buyer wants to receive tokens or not.

So, now, let's cover the actual material about arresting those scammers.

We could see some info in this May 26 2016, article $45.7 million recovered from Chinese OneCoin scammers from one and only behindMLM. I will never quote his text cause even birds know how tricky and twisting they are. What I do like and respect for him is that he is always sourcing his texts and I like to analyze source links. So, concerning this particular article, back in May, I read the source article that links here but that article seems to be removed.
I remember both google translating it and confirming it from a friend who knows Chinese and that article explained how those arrested people collected money from some pension fundraising pyramid investment scheme and that money was recovered. But those scammers were only mentioned to be also promoting certain "one coin".
So those $45.7Million recovered was not from one coin, it was from all their scam schemes. We will see below how many they collected on their one coin scam scheme.

I was able to find this July 23. 2016 article in www.zsbtv.com.cn that seems to write about "one coin":
Zhongshan City Public Security Bureau of the Eastern Branch of the "hurricane 2016" special action, increase the drug-related, involving steal robbery, involving telecommunications network fraud, financial fraud in the field of efforts.
Recently, the Zhongshan District, the police successfully cracked with the "one coins" MLM case, destroyed a suspected organization and leadership network pyramid schemes, fraud gangs, according to criminal detention Liao Mou, Cao and other three major suspects, the entire network involving multiple provinces City, involving the amount of more than 600 million yuan ($92 Million).

In March this year, the Zhongshan District police in the work was informed that there are lawless elements through false propaganda can get high returns way to attract the masses to invest in the network virtual currency "one coin", suspected network pyramid schemes, fraud.

March 16, the Eastern District police after a day investigation, in the eastern part of Zhongshan City, a district captured Liao (female, 40 years old, Zhongshan), Lin (female, 39 years old, Zhongshan), Cao (male, 45 years old, Hong Kong people) three suspects, seized the crime tools computer, mobile phone, bank card and a number of.
No need to comment deeply, scammers using OneCoin name were detected, reported, investigated and arrested cause they were scamming people. Those are not legit Onelife IMAs, I was confirmed that from official Onelife source from China.

So recent news from news.sina.com.cn where 35 scammers were sentenced to jail and money fine is no surprise. They also say that 13.6 Million Juan was collected by them (around $2.1 Million).
Please, those are not legit Onelife IMAs, those are some copycat scammers who were able to scam people for $2.1 Million that were recovered.
This was just a fraction of the original $45.7Million funds recovered.

I would like to quote something interesting from this article:
Zhuzhou County Court found that the "peacekeeping card" pyramid selling organization outside the territory of China to promote the virtual currency organization, MLM website and marketing model by the Bulgarian Luya organization established, the server set up in Denmark, Copenhagen

Since when does official Onecoin company has any servers set up in Denmark? Well, those scammers might, let them do the sentence but leave the company out of it.

This all looks just like Onecoin has the same fate as Bitcoin with scammers using its name.
This China action looks just like Bolivian action where Bolivian Authorities Arrested 60 Bitcoiners, Reiterate Virtual Currencies as Illegal Pyramid Schemes

So is Bitcoin to blame for this? Of course not, some even defend it:
Bolivia’s Government Arrests 60 People Over a Pyramid Scheme – Not Bitcoin

But Onecoin is centralized company and it gets attached all those scammers blame. It will be challenging to carry out and survive all these negative events spiced with much twists and slander.

OneCoinTruth
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Re: CHINA Arrests Case - Finally

Post by OneCoinTruth » Wed May 16, 2018 2:45 pm

Is this true that Sebastian Greenwood was involved in this? Hater claim is 7.1 million US dollars of Sebastian Greenwood's funds were frozen and 119 people arrested in China. :shock:
http://behindmlm.com/companies/onecoin/ ... ds-frozen/

Igorkrnic
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Re: CHINA Arrests Case - Finally

Post by Igorkrnic » Wed May 16, 2018 2:58 pm

I am waiting for some info and will write whole post about this charade

flatrate
Posts: 375
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Re: CHINA Arrests Case - Finally

Post by flatrate » Wed May 16, 2018 9:59 pm

onecointruth, just an FYI, behindMLM is not a REAL NEWS outlet. there are about 3-5 people who interact with each other daily. all they do every day, nights, weekends, xmas and all holidays is trash ONE and other MLM companies. they get click money when people visit and read the garbage they sling. timmy curry and xpose are full time stink wads that have invested years of their pathetic lives to bring ONE down and will be sure comment on that trash site.

glad IGOR came to his senses and kicked these shit stains from this fine forum.

anyone from ONE arrested or charged ? NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO

more fake news ?

thanks IGOR... :D :D :D

OneCoinTruth
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Re: CHINA Arrests Case - Finally

Post by OneCoinTruth » Wed May 16, 2018 10:47 pm

Sorry flatrate, I already read comments on BehindMLM. :?
There was a video news report linked about the arrests. 00:30-04:50 https://www.mgtv.com/b/320406/4389703.html
This doesn't bother me so much, because we know there are lots of dirty IMAs. I don't care about that.

What bothers me is Sebastian Greenwood's involvement. He is very close to Dr. Ruja, and even more so before OneLife time. There is this Chinese court document where indeed his name appears (if you translate the page to english) listing his bank account which I guess was freezed.
http://wenshu.court.gov.cn/content/cont ... 6%E9%93%AD

BusinessForHome has also the same story: https://www.businessforhome.org/2018/05 ... -involved/

flatrate
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Re: CHINA Arrests Case - Finally

Post by flatrate » Wed May 16, 2018 11:36 pm

Its another hatchet job IMO. there will be more to come because the powers that be do not want ONE to succeed because that would harm the current scam crypto market. ONE is the answer to the useless failed crypto market bullshite. if ONE does succeed many of them MUST FAIL because people will finally have a centralized option and their coins will be safe from theft and hacking. believe or not that is the most critical black cloud surrounding crypto IMO.

not sure about the sebastian dude or what was or was not frozen because he is most likely a MLM asshat as well. these types of people are shady and will do anything to flip a fast buck. if he does go down ONE will have totally cleaned up its own backyard.. we hope

if ONE fails it will be her sad decision to use MLM scammers. my 2 cent. ;) ;)

Igorkrnic
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Re: CHINA Arrests Case - Finally

Post by Igorkrnic » Thu May 17, 2018 1:39 am

Update May 15 2018.

Seems like arrests from the top post were not the end. There is an even larger group of people who used this Danmark based server and used Onecoin name to sell fake packages on the fake website using real Oneacademy education package prices. Of course, haters will catch any straw they can and turn this as it has actual relation to Onecoin company and its model.

This is the original news link (use google translate)
https://www.thepaper.cn/newsDetail_forward_2129751

And this is the tv story of this arrest.


What has come to my attention is information gathered from actual Onelife IMA in China that work ethically (those people who are pushing China user counter up still) is that they reported fake scammy Onecoiners who used fake website located in Denmark (not Bulgaria) and sold fake education codes and abused Onecoin name. Onelife Imas reported those people to authorities.
Sadly, it was a mess, so some actuall onelife IMAs were affected too.

Image

If you watch the video, in one scene there is a laptop with logged in backoffice with network tree, just like the one at onelife.eu.
Except is is a bit different.
We can see on video, when they scroll all the way down, there is no footer with Onelife logo:
Image

But when you see onelife.eu, it is like this:
Image

Also number of icons is not the same, the one from video has 21:
Image

Where onelife.eu has 20:
Image

Also we can see on tv clip picture od some spreadsheet with some lists and we can see 2013 date, that is strange cause Onecoin started in 2015 or was preparing in q4 2014:
Image

If you take a look at this December 2017 sentence document that came up:
http://wenshu.court.gov.cn/content/cont ... 6%E9%93%AD

We can see why Chinese government thinks Onecoin is illlegal pyramid:

The One Coin MLM organization is an organization that promotes virtual currency to China within its borders. The MLM website and marketing model are established by the Bulgarian Lumou Group. The server is established in Copenhagen, Denmark. It is claimed to be the second generation after Bitcoin. Encrypt electronic money. The organization claimed that there is a large space for the appreciation of the One Coin to trick other people into investing huge amounts of money in the websites they set up and set up a threshold. After the members register, they can't withdraw or refund.

In order to become a member of the ONE, you must pay different levels of “threshold fee” under the recommendation of the old member to obtain the corresponding level of activation code to register as a member of different levels, ie entry level 130 euros, advance class 530 euros, professional grade 1030 Euro, executive-level 3030 euros, tycoon-level 5030 euros, supreme tycoon-level 12530 euros, festival tycoon-level 18,830 euros, two-in-one packages 31,330 euros, three-in-one packages 36,330 euros, of which 30 euros for admission fees in euros For the price unit, the fixed exchange rate for the euro is 1:7.7.

I would really not comment much on this, we already saw it in Italy. It will be sorted out eventually.

However, there are some paragraphs that do not match with actual Onecoin:
As of August 12th, 2016, the organization Nimou was on the 31st to 34th floors of Lumou, and generated an activation code to sell 507 million euros. The highest level from Lumou to Nimou to the defendant Wanghui reached 79 levels. Layer, Feimou (at-flight), Ni (escape) offline account more than 333,000. Xi Mou (separate case processing) is located on the 38th floor of Lumou, generating an activation code to sell a total of 097 million euros, off-line accounts of 1.858 million, and the activated activation code in China involving more than 7 billion yuan. The electronic data identification of remote inspection inspections can confirm that there are more than 10.77 million accounts opened in the world. The total number of floors is 67671, and the total number of global activation codes is 4.8 million, which is approximately 15.895 billion euros. At present, the funds involved in the freezing and seizure of One coins totaled RMB 1,638,642,483.49.

10.77 million accounts? 4.8 activations? 16 Billion euros? A bit too much for Onelife/Onecoin.
Image

One of the articles 244th organizes and leads the business activities such as selling commodities and providing services. The participants are required to obtain qualifications by paying fees or purchasing goods and services, and form a hierarchy in a certain order

This kinda fits into pyramid definition, however, that is not how Onelife works, you join for free, pay education product, not fee, but we talked about this already. Similar case as Italy.

Not sure about this "double fake onecoiners" theory although it looks viable but it is evident that China thinks Onecoin is some pyramid scam. The fact that it is so because IMAs worked unethically is not important now cause that is the reality. For those who think this will hava e huge impact on Onecoin / Onelife I would ask to educate a bit about cryptocurrency world and will realize that China banned ICOs, also banned all bitcoin exchanges fiat trading. What is the resoult of that to the maket? Well, it went up more than double since then. Crypto is borderless.

Also, the only thing that is important is German decision cause they actually investigate the company. If they make clear decision that there was no ptoof of money laundering, it will be domino effect. But it will not be fast cause authorities work slowly.


Igorkrnic
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Re: CHINA Arrests Case - Finally

Post by Igorkrnic » Thu May 17, 2018 12:20 pm

I also got info from China ethic IMA group that they detected many people stook money from people just for entering, they did not even give proper gift codes to many people, or gave smaller packages to some. Real pyramid fraudsters.

Image

Company did not even know about this case. This is worldwide problem, it can not be monitored solely by the company if people do not report that. They are, however fighting similar problems in many countries, cause many people report scammers to the company, but some people go to police and then it is harder but solvable. In China it is not so easy. But it will be sorted out eventially I suppose, after Germany finishes their work.

flatrate
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Re: CHINA Arrests Case - Finally

Post by flatrate » Thu May 17, 2018 3:24 pm

might be time for Ruja to put ONELIFE to bed for good... your thoughts ?

just like bitcon and eth and lite, ONE has its own variety of scammers/hackers/criminals.

nothing would make me more happy. :D :D

Igorkrnic
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Re: CHINA Arrests Case - Finally

Post by Igorkrnic » Thu May 17, 2018 6:01 pm

I would not dismiss network cause arrested is like 200 people worldwide, and tens of thousands of good networkers. I think they just need to survive those child illnesses and when they become self-evidence it will be very good to be part of Onelife in the future (based on some plans I heard in Sofia)

Yesterday, risk department saved 3 countries just because victims reported to the company and not the police, cause police does not know what Onecoin is and it is not good if they educate on google. Problem is where people do not report to the company. Look at China and India.
But I am optimistic long term.

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