Monday, 6 May 2019

BunnyToken scam follow-up



It has been over one year since my latest post about BunnyToken so I guess it's about time to check out the current situation.

Apparently BunnyToken managed to get listed on an exchange called Yobit during last summer. I guess the scammers behind Bunny were already losing interest in the scam because they almost forgot to inform the investors about the news. 

Yobit doesn't seem to be too picky about accepting tokens on their exchange. Practically any ERC20 token will do so getting BunnyToken listed there wasn't exactly a great accomplishment. According to Bitcoinwiki "Yobit.net is a Russia based cryptocurrency exchange that is famous for its controversial nature." I did find some articles and posts online characterising YoBit in less flattering manner.


Posted on Facebook on July 2, 2018.


Shortly after getting listed on YoBit BunnyToken informed about getting listed on another small-time exchange, STEX (Stock Exchange).

I could not find BunnyToken on the exchange anymore. However, Google shows some search results indicating that the token in fact was listed there for an unknown period.






Also Coinmarketcap.com recognises BunnyToken. It seems that Bunny hasn't had much popularity in the market. The highest trading volume was reached in September 2016 going up to about 150k dollars. It has been a downfall for Bunny ever since and the current trading volume for the past couple of days shows 0 dollars.


Screencap taken on May 3, 2019. (Click to enlarge)



Who was behind the scam?


I had tried to find out who were the actual people behind this scam from the beginning. The team was all fake personalities and there was no information available of the people owning the company or who registered the website. I tried asking one of the advisors of the ICO, Alex Eikster, whether he knew who were behind this project. Eikster admitted knowing the people but refused to give any names.

Later I tried to contact all other advisors as well; Kira Queen, Nataly Gold, Katrin Tequila and Eva Berger. I wasn't exactly having high hopes of getting answers to my questions but at least Kira Queen was kind enough to respond... Well, actually she only dropped couple short lines and refused to give any names nor to give her opinion about BunnyToken after I gave her all the facts revealing it as a scam.


BunnyToken Advisors (click to enlarge)



The current situation of the scam


As I already pointed out, there seems to be no interest towards the token in the market. The token is practically absolutely worthless. The ones possessing Bunnies can't even use them anywhere because there isn't a place that accepts this scam token. As far as I know, there has never been a place to use Bunnies.

The last post on the official Facebook page of Bunny has been posted in January. The post was announcing the release of BunnyWallet on Google Play. As I'm writing this the app has been installed about 100 times. The PEGI rating of the app is 3, which is pretty strange considering that it's a wallet app for adult entertainment.




So it seems that this scam project has been abandoned and we'll probably never hear about it again. Once again scammers have learned that crime sometimes does actually pay. What comes to the investors owning all those Bunnies that were sold during the ICO, they certainly got screwed.

Thursday, 2 May 2019

Global InterGold continues changing banks like socks – Updated 9 May, 2019

(Posted 2 May, 2019)

Global InterGold seems to have gone to the similar path as OneCoin did with its banking. The scam appears to have tremendous problems keeping bank accounts despite using various shell companies.

The latest bank account the company had acquired via its shell company GIG Global Intergold Limited SRL lasted about two weeks until the bank account details were replaced just recently with new ones. There's yet again a new shell company presented to go along with the new bank account. The holder of the bank account is Global Intergold Spain SL. using Banco Santander in Spain.

Here are the new bank account details provided to the scam victims:


Recipient Bank:
BANCO SANTANDER
Bank Address:
CIUDAD GROUP SANTANDER, EDIFICIO PAMPA, CAMINO DE CANTABRIA S / N, BAODILLA DEL MONTE, 28660, MADRID, SPAIN
SWIFT:
BSCHESMM
Beneficiary:
GLOBAL INTERGOLD SPAIN SL
Beneficiary Address:
Calle Villalba Hervas Number 2 4 2 Santa Cruz de Tenerife 38002-Santa Cruz de Tenerife.
Beneficiary Account:
ES95 0049 0290 32 2613565441


If I understood the Spanish registry information correctly, the company was incorporated in late 2018 with an initial capital of about 3000 euros. The person running the company is Kontogianni Sofia who appears to also be in charge of Global Gig Holding And Business Group SL

Coincidentally Sofia Kontogianni (aka Sofia Leonidas Kontogianni) was also the owner and manager of Gold International Group Limited who was the shell company Global InterGold tried to use for banking scam money in March 2019. My records show that the bank account in question lasted maybe less than 2 weeks. Here you can find all the bank accounts Global InterGold has had during the time I have been observing the scam.






Update 9 May, 2019


I decided to test whether Global InterGold uses some other banks besides the one mentioned in my post above. International scams sometimes use different banks based on the region that victims of the scam use for registration.

While testing the registration system of Global InterGold I noticed that you didn't even need a valid email address or phone number to successfully sign up. Yet the registration form requires to fill up some nonsense to those fields.

Global InterGold seems to prefer Banco Santander at the moment for most regions but there are also some other banks used. For example Indian victims are directed to use a bank in Turkey. Anyway, here are the results of the bank accounts for different regions I managed to find so far:


This bank for example victims from India:

Recipient Bank::
TURKIYE IS BANKASI
Bank Address:
4.LEVENT, 1 IS KULELERI KULE, ISTANBUL, TURKEY
SWIFT:
ISBKTRIS
Beneficiary:
INTERGOLD ALTIN A.S
Beneficiary Address:
Mecidiyekoy S.Ertugrul Kabatas Cad. No:7/4 Sisli/İSTANBUL, ISTANBUL, TURKEY
Beneficiary Account:
TR59 0006 4000 0021 0351 4425 52



These banks for example victims from Africa:


Recipient Bank::
Guaranty Trust Bank Plc
Bank Address:
635 AKIN ADESOLA STREET, VICTORIA ISLAND, LAGOS, NIGERIA
SWIFT:
GTBINGLA
Beneficiary:
INTERMETAL TRADE and EXCH CO LTD
Beneficiary Address:
The Concordia, 256A Ikorodu Crescent, Dolphin Estate, Ikoyi, Lagos, Nigeria
Beneficiary Account:
0244984420


Recipient Bank::
Guaranty Trust Bank Plc
Bank Address:
635 AKIN ADESOLA STREET, VICTORIA ISLAND, LAGOS, NIGERIA
SWIFT:
GTBINGLA
Beneficiary:
INTERMETAL TRADE and EXCH CO LTD
Beneficiary Address:
The Concordia, 256A Ikorodu Crescent, Dolphin Estate, Ikoyi, Lagos, Nigeria
Beneficiary Account:
0244821730


Recipient Bank::
BANCO SANTANDER
Bank Address:
CIUDAD GRUPO SANTANDER, EDIFICIO PAMPA, CAMINO DE CANTABRIA S/N, BAODILLA DEL MONTE, 28660, MADRID, SPAIN
SWIFT:
BSCHESMM
Beneficiary:
GLOBAL INTERGOLD SPAIN SL
Beneficiary Address:
Calle Villalba Hervas Numero 2 4 2 Santa Cruz de Tenerife 38002-Santa Cruz de Tenerife.
Beneficiary Account:
ES68 0049 0290 30 2813566057


Bank account for victims from Latin America:


Recipient Bank::
BANCO SANTANDER
Bank Address:
CIUDAD GRUPO SANTANDER, EDIFICIO PAMPA, CAMINO DE CANTABRIA S/N, BAODILLA DEL MONTE, 28660, MADRID, SPAIN
SWIFT:
BSCHESMM
Beneficiary:
GLOBAL INTERGOLD SPAIN SL
Beneficiary Address:
Calle Villalba Hervas Numero 2 4 2 Santa Cruz de Tenerife 38002-Santa Cruz de Tenerife.
Beneficiary Account:
ES68 0049 0290 30 2813566057



For victims from USA:


- Only Bitcoin accepted. – Yeah, nothing fishy going on here. :D 

Monday, 15 April 2019

OneCoin's hidden banking channels

This post is actually about some old information that has remained somewhat hidden. Nevertheless, there seems to be interesting connections of people and companies involved, and also information  how money transfers to OneCoin were arranged at the time the scam ran into serious troubles with its bank accounts.

As many of you readers might already know, in the end of 2016 OneCoin had to quit publishing any bank account information because the banks in question were immediately alerted about the accounts related to the international ponzi-pyramid scam. This usually led quite fast to bank account to be frozen or at least investigated by the bank due money laundering suspicion. The fastest freeze of an account happened in about 24 hours after OneCoin had released the account details.

Supposedly the everlasting problems with bank accounts led the scammers to open alternative routes to scam money from victims. These bank account details were not easily accessible by logging in to the back office online. Instead the information had to be acquired from some sort of trusted source. A trusted source was a OneCoin scammer or an IMA (Independent Marketing Associate) that the company trusted or a third party company providing bank account details to the victims via IMA's.

However, keeping those bank accounts hidden was not so simple as there was masses of greedy MLM people trying to become millionaires. There also has been some good samaritans snooping around information about the scam. Hence there has been bank account details leaking to the Internet every now and then.



Trade Solutions Group


Trade Solutions Group was a company providing bank account information to OneCoin victims via various websites. These websites were designed to give specific instructions how to transfer money in exchange for a membership in OneCoin. 

The CEO of Trade Solutions Group was and still is Herve Lacorne. On his LinkedIn profile Lacorne lists as his specialities "global payments, foreign exchange, trade finance, Technology". He has kept his distance to OneCoin and has been rarely seen among prominent promoters of the scam. Interestingly Lacorne goes way back with Chris Principe, who has had an affection towards OneCoin for years.


Chris Principe and Herve Lacorne


Chris Principe has been featuring as a speaker at numerous OneCoin events, giving his blessing to the scheme and going as far as publishing an awkward issue of his Financial IT advertorial magazine that was only designed to be used as a marketing tool of the scam. On his resume at Remote.com Principe lists Transaction Banking of Trade Solutions Group starting from June 2014 and lasting to the present. 


Chris Principe


Chris Principe on Remote.com (screencap taken 12 April, 2019.


Juha Parhiala, Herve Lacorne, Sebastian Greenwood and the "number 1 chryptocurrency".



"When a government decides to devalue their currency everybody gets hurt. If you're in OneCoin your value stays true. You don't lose your value." 
– Chris Principe 

"If you look at the journey that has happened over the last year and a half with OneCoin, it's amazing... er, quickly... and the performance of this currency and company. And this is all to the credit of Mr Juha, Mr Sebastian and Dr. Ruja that have done an outstanding job in building a huge community, and building the future of the currency, the future of payment." 
– Herve Lacorne

Although Lacorne hasn't been much of a public figure of OneCoin, there is at least one event in Cambodia in 2016 where Lacorne was speaking very fondly about OneCoin besides Principe. Here's the whole event on YouTube:



– I have also downloaded the video in case it gets removed from YouTube.


But let's go back to Trade Solutions Group and to the money transfers.

In the late 2016 several websites were found that were providing information to OneCoin victims about how to proceed with payments in order to purchase various packages the scam had to offer. Several (if not all) of the domains were registered to Trade Solutions Group. 

I believe none of those websites are reachable anymore. It's also unclear how long these websites were operational and how successful they were at channelling the money flow. Nevertheless, the purpose of these websites was very clear – to offer an additional banking route to scam money towards OneCoin.


Screencap from the comments section of BehindMLM

The websites didn't offer an online service of payment but generated an invoice instead, directing to a certain bank to proceed with a payment. There were also different websites depending on the currency used.


Before an invoice were to be generated one had to agree with the following terms specifically forbidding the use of word "OneCoin" while organising the payment: 
"I understand I am not purchasing an investment of any kind. I understand this is solely for the purchase of an education package(s). I understand that I am NOT ALLOWED to use the words : One Coin, Bit Coin, Digital, Crypto, Currency, Investment on ANY section of my purchase process or my money will be rejected. I acknowledge that doing so may cause my purchase to be rejected and my funds may be returned to me. I agree to leave all fields blank under the notes and description/name section of my purchase process when submitting: a bank wire, an ACH, or deposit at a branch. I understand I am not required to state anything so there's no reason to state unnecessary details. If I do have to state the purpose of my purchase or transaction I will just state "Education Course". If I am asked by any bank employee what the purpose of my transaction is, I will be truthful and tell them that I am purchasing education materials. If I violate any of these conditions I understand that I will not be allowed to utilize this domestic purchase system any longer. Tick the box to confirm that you have read and agreed to the above conditions. YES I have reviewed all information submitted in this form and agree that all information is correct. I understand that all communication will be sent to the email address I have provided and I should check my email regularly for updates and information." 
– Well, why would Trade Solutions Group / Herve Lacorne insist following these kind of terms?


A sample of an account and instructions used: 
BANK ACCOUNT INFO FOR WIRE - DO NOT SHARE THIS INFORMATION, IT IS SUBJECT TO CHANGEBeneficiary Bank: ANZ Bank, MelbourneBeneficiary Bank SWIFT Code: ANZBAU3MBeneficiary: Compass Global Holdings Suite 33, 650 George St Sydney NSW 2000Beneficiary Account No.: 531160EUR00001Intermediary Bank: Deutsche Bank, FrankfurtIntermediary Bank SWIFT Code: DEUTDEFFXXXAdditional Information: Ref. ML-Moonlearning (your invoice number)SEND in EUR and DO NOT CONVERTInstructions are only usable for EURO transfersSend by "international wire" if unable to send by using Euroland national system


Another sample: 
Account name: Compass Global Holdings Client AccountMacquarie Bank Limited Level 5, 1 Martin Place Sydney, NSW 2000BSB:182 800Acc: 10229427Swift: MACQAU2SXXXRef: ACCT488656 - (Client Name) - Order #1000000012 (invoice number)Beneficiary address: Suite 33, Level 3 650 George Street, World Square Sydney, NSW 2000 Australia 
– Apparently at least some of the payments were directed to a "client account" of Compass Global Holdings.


This sample instructs to address the payment to CoPilot Ventures Fund II: 
BANK ACCOUNT INFO FOR WIRE - DO NOT SHARE THIS INFORMATION, IT IS SUBJECT TO CHANGE
Beneficiary: CoPilot Ventures Fund IIBeneficiary Address: 165 Horton Ave, Lynbrook, NY 11563Beneficiary Phone: 516-400-9770Beneficiary Bank: BB&TBeneficiary Bank Account Number: 256649934Beneficiary Bank Routing Number: 053101121Beneficiary Bank SWIFT Code: BRBTUS33Beneficiary Bank Address: 200 West Second Street, Winston-Salem, NC 27101, USA

I also recall one instruction – it was maybe for Vietnamese people – that offered only a phone number to a Asian woman to reach in order to acquire further instructions how to operate towards payment.

Trade Solutions Groups on LinkedIn.



Life after OneCoin


I guess that after Principe saw the success of OneCoin he got inspired to start a business of his own. A "referral company" called Solidus was launched somewhere in mid 2018. He even chose to appoint his old buddies from OneCoin, Jorma Pallari and Juha Parhiala, as ambassadors of Solidus. Juha Parhiala was touted as the top earner of OneCoin/OneLife when the pyramid was still blooming.


Chris Principe the CEO of Solidus and the Ambassadors, Jorma Pallari and Juha Parhiala.


And what about Herve Lacorne? According to BehindMLM's post about Solidus on September 18, 2018:
"Two months ago Chris Principe interviewed Herve Lacorne, then CEO of WinstantPay. The interview itself is nothing remarkable, but a few months later WinstantPay has emerged as Solidus Global’s payment processor. Since then Lacorne appears to have been downgraded to WinstantPay’s Chief Innovative Officer."

I haven't followed Solidus much. They have organised weekly webinars that haven't had much audience, maybe only twenty or so people attending. The webinars that I attended were brief and more or less awkward with nothing much to say. It seems that Solidus hasn't exactly been a gold mine so far. The Alexa rating of the website isn't flattering, which indicates that there isn't much traffic to the website:


Screencap taken 15 April, 2019.

Maybe it's not just me who wouldn't recommend even to a worst enemy anything these people were offering?

Thursday, 28 March 2019

OneCoin members are idiots

OneCoin members are idiots. – Yes, that's how the co-founder of OneCoin, Sebastian Greenwood, and the current leader of the scam, Konstantin Ignatov, agreed on about the mental state of the members of OneCoin. I really can't argue with that assessment because you really would have to be an utmost idiot to still carry on believing in this charade – or a devious scammer to promote it. 

Not only that OneCoin couldn't be more obvious ponzi-pyramid, but the evidence published after Konstantin Ignatov was arrested should be more than enough to convince even idiots that OneCoin is nothing more than a scam. Sadly it's quite common that major scams have members who continue to believe the lie they have been fed with even after the pyramid they have ben worshipping has already collapsed.


Well, it wasn't actually written there, but it might as well have been.


For once Konstantin was telling the truth.


"We are not mining actually – but telling people shit." This is what Ruja Ignatova was messaging to the co-founder of the scheme, Sebastian Greenwood, while plotting how to scam money from gullible people.


But here I go babbling about old news... Never mind that the current leader of the scam, Konstantin Ignatov, was arrested, charged and could be sentenced for 20 years in prison. Never mind that the founder of OneCoin, Ruja Ignatova, could be sentenced for 85 years in prison. It's time for...






The First Annual Miss Ponzi Scam 2019 Beauty Pageant!


At first I thought this was a joke, but, yeah, there really was a beauty pageant planned to happen on 7th April, 2019. Well, the actual name of the competition is Miss OneLife 2019 but I took the liberty of modifying the name a bit to make it more accurate.

It remains to be seen if the event will ever actually occur, but so far the organisers seem to proceed as if nothing had happened, despite Konstantin Ignatov was arrested and the autopsy results of the scam investigation were publicly displayed.



Miss OneLife


I couldn't find information about the organiser of the event. It seems that "MISS ONELIFE Organization" doesn't really exist. Most likely it's just a bogus organisation made up by a group of OneCoin scammers from Romania.

But how is this all connected to the scam-coin – aka "trashy coin" like Ruja Ignatova likes to call it. Let the website of the pageant explain:
MISS ONELIFE and the cryptocurrency 
We are the first organization in the beauty pageant industry who decided to promote the usage of cryptocurrencies. We decided to show to the entire world that no matter how big are the costs of the production, the cryptocurrency can be used like any other fiat currency (US dollars, euro, etc.) to cover all the production costs. We believe that the cryptocurrencies are the future of payments and the financial transactions.

Yes, it actually says "THE BIGEST". I didn't photoshop that.



The winner of the competition gets a "luxury car" worth 100.000 euros. That seems to have been enough of an attraction to gather some chicks ignorant enough from all over the world to participate and compete for the title. The organisers have just recently revealed most of the contestants on the website of the competition, so maybe we'll get to witness this ridiculous event happening in April after all. 


The participant from Finland was presented as Russian for several days until a correction was made.



I don't know if the contestants are aware that they are participating an event marketing a scam, but at least they should be alarmed by the fact that the company/organisation behind the event doesn't seem to exist:






I'm also puzzled about the nature of this competition – not that I give a damn about beauty pageants – but this has to be the most stupidest beauty pageant ever. The members of OneCoin can actually buy vote-packages to vote their favourite contestant. I guess this competition isn't so much about beauty then.




Vote packages for sale.

The website of the event is typical scam quality all around. This includes false marketing and bullshitty claims.


According to Miss OneLife website Samsung's Regional Manager Alexander Smith is a client of the company. A client of what? What company? Who is Alexander Smith? I couldn't find him. 

Miss OneLife website: 
"Our target audience is 20-50 million people from more than 190 countries. We will reach our target using a complex branding and advertising campaign."
– Well, it's almost April, but I haven't seen any advertising campaign yet... or was the arrest of Konstantin Ignatov just part of the complex branding and advertising campaign?



The alleged sponsors of the event. 

Update 16 April, 2019


Samsung, Loreal, Wella, Toyota and Universal have been removed from the sponsors section. It seems likely that the organiser of the pageant had deliberately lied about having those companies sponsoring the event.



Konstantin Ignatov missed the pageant


Oh, by the way. This just came in: Konstantin Ignatov's initial hearing on US charges for conspiracy to commit wire fraud using OneCoin has been set for 26 April.

Tuesday, 12 March 2019

Miner One under pre-trial investigation in Lithuania



According to Lithuanian news source Miner One is under investigation by the Financial Crime Investigation Service of Lithuania. There's only one person suspected, Pranas Slušnys, the project manager of Miner One.


"The Financial Crime Investigation Service (FNTT) conducts a pre-trial investigation into the ICO project" Miner One ", according to the characteristics of an offense established in the Criminal Code of the Republic of Lithuania for High Value Fraud," 
Source: 15min


A former legal counsel of Miner One, Jonas Udris, posted a message today via Telegram to the Miner One community: 
Dear Miner One community, 
As a legal counsel of the Miner One project, I hereby regret to inform you that last week I was questioned by the Financial Crime Investigation Service of Lithuania (FCIS) in the status of special witness regarding my work in the Miner One ICO, where I have learned that CEO and a sole owner of a Miner One FZE (a United Arab Emirates company), Mr. Pranas Slusnys is under investigation of fraud. 
I was involved in the Miner One project as a co-founder and legal advisor from the very beginning in November 2017 until June 2018. My responsibilities included drafting the White Paper, Terms and Conditions, Token Sale Agreements, Miner One Prospectus and a number of other legal documents, as well as counseling the management, the team and the community members regarding legal matters of the project.  
After the end of the ICO, Mr. Pranas Slusnys continued to operate the company as sole owner and director and my services were no longer required since then. 
I am fully cooperating with the investigation and I have provided all the information which was in my possession. I hope that the investigation will be as quick as possible and all the answers will be made public.  
To my knowledge, all Miner One staff members were let go in early January 2019 in the name of saving costs.  
In the meantime, I will keep you informed on the progress once I will have any updates.  
Jonas Udris



"Pranas Slusnys arrested!"



Pranas Slušnys


According to www.icoinvestigation.com Pranas Slušnys was arrested on 7th March due the fraud investigation. 

ICO Investigation website is ran by a person named Matthew, also a victim of Miner One himself. The website has been dedicated in unraveling Miner One scam. There's also information about Miner One related scams; Golder Games (aka Warfield) and TOKIA.

I personally bumped into Matthew in June 2018 on Miner One's official Telegram channel. At the time Matthew was a firm believer and supporter of this project and I was actually having a debate with him when I was suddenly banned from the Telegram group by Miner One's admin. 

Eventually also Matthew was banned from the channel after daring to make too many questions there. Since then he has been gathering evidence about the scam and posting it to the website.




The mining farm was a hoax


On December 10, 2018, Miner One was boasting about having 4620 Bitmain Antminer S9's ready for mining.



However, the members had already began to suspect whether the mining equipment actually existed. The strange problems Miner One had providing visual evidence about the farm only raised more questions. The photos they finally managed to publish were soon suspected as being photoshopped.

Eventually a group of people operated together and managed to find the location that was used to stage the mining farm.

Quoting Matthew: 
"The evidence gathered to date was strong however finding the location would confirm suspicions and guarantee the interest of local law enforcement. On the 30th of January still images from the Facebook live videos was analysed by a small group of investors and the same day a possible location was checked and the containers found, the results where kept quiet from the group whilst another smaller group was formed to discuss the ramifications of the discovery which are detailed in Containergate Exposed – the Miner One Lie."

On the location only two rotting shipping containers were found. I recommend the link above to see also photos from the scene.

After collecting enough evidence the group contacted Lithuanian authorities: 
"The Financial Crime Investigation Service of Lithuania (FNTT) was contacted and in early February an investigation was underway with information being supplied as more data was analysed to bolster the evidence supplied to date which mainly concentrated on the containers."


Golder Games (aka Warfield) dumped


The scammers behind Golder Games seem to have abandoned the project almost simultaneously with Miner One.

Nothing has happened since my last post about the scam.


Update March 13, 2019


Darius Udrys comment posted yesterday about his role in Miner One scam:


My comment was soon deleted by Darius Udrys. I guess he's a bit touchy about criticism.

Although Darius Udrys tells us that his consulting work with Miner One ended right after New Year he did continue to work for Golder Games where he was also an admin in the official Telegram Group.