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Friday, 20 January 2017

Heidi Ekholm-Talas vastaa kritiikkiin rikosilmoituksella

Olin saanut tänään Facebookiin yllättäen Heidi Ekholm-Talakselta kaveripyynnön alla olevan viestin kera. Viestin mukaan hän on tehnyt tai tekemässä poliisille ilmoituksen tästä blogikirjoituksestani.




Asiasta olisi toki voinut keskustella myös blogissani. Minulla on tapana julkaista myös kritiikkiä sisältävät kommentit ja keskustelen asioista mielelläni. Virheelliset tiedot pyrin luonnollisesti korjaamaan.

Olen nyt lukenut pari kertaa blogikirjoitukseni läpi, enkä vieläkään oikein ymmärrä, että mistä syystä tästä on oikein poliisille ilmoitus tehty (tai ollaan tekemässä). Kritiikkini kohdistuu Zinzinoon yrityksenä sekä sen edustajiin. Toisin kuin Heidi Ekholm-Talas viestissään väittää, en ole missään vaiheessa kutsunut häntä kusettajaksi. Myöskään hänen henkilökohtaisia tulojaan en ole tekstissä käsitellyt. Ilmeisesti hän on kuitenkin huolissaan nimenomaan siitä, että blogitekstini saattaisi antaa väärän kuvan hänen tuloistaan.

Joten olipa se nyt myöhäistä tai ei, mainittakoon tässä nyt korostetusti: Heidi Ekholm-Talas tienaa Zinzinosta ilmeisen hyvin. Hän voi myös todistaa Zinzinosta saamansa tulot koska tahansa tiliotteilla ja tilinpäätöstiedoin.

Voin toki myös tässä julkisesti olla samoilla linjoilla tuon toisen väittämän kanssa, vaikka se tuskin missään määrin poliisia kiinnostaa. Täten myönnän Heidi Ekholm-Talasia lainaten, että "kaikki Zinzinossa hyvin tienaavat tekevät kansainvälistä liiketoimintaa". Eli kansainvälinen liiketoiminta on mitä ilmeisimmin tämän niin sanotun hyvin tienaamisen edellytys.

PS. Facebook-kaveriksi en hyväksy minusta aiheettomia rikosilmoituksia tekeviä, joten kaveripyyntö menee nyt roskakoriin.

Fighting against international ponzi schemes

Victims of ponzi/pyramid schemes rarely file police reports. Many victims also find it hard admitting themselves that "the opportunity of lifetime" they had participated was a scam. It isn't unusual for scam victims to keep their hopes up even when a scam is on the verge of collapse and money withdrawals mysteriously stop. Some victims keep their beliefs even after it's all over. 


Authorities are helpless with international scams


Usually police can't do much to stop people from sending their money abroad to scammers. Authorities don't have the means to intervene and there isn't much more to do than give warnings to citizens. 

In  case an investigation is launched, it could be a dragging process taking years. Police investigations and court cases can take several years, and usually all this happens after a scam has already collapsed and damage has already been done. As it seems especially regarding international scams, the best way to fight against them is contacting banks.


Hit the scam where it hurts


To be clear, I don't just wildly jump to conclusions about bank accounts being frozen. These are bank accounts that I have been monitoring after a report has been filed to the bank in question. 

When an account is frozen, it's typical for scams to suddenly announce new bank account details - as soon as they find a new bank to use. It's very common that at this point there are surprising payout delays and members are informed about technical problems and whatnot. This is caused by frozen bank accounts that hold the money that was supposed to feed the pyramid. 

As I said, the best way to fight against international scams is to file reports about them to the banks they are using. 

The procedure is simple: Contact the bank to inform them about ponzi scheme having an account there, provide them proper bank account details as well as general information about the scheme in question. The bank investigates the case and most likely gives its client a chance to sort things out. Sooner or later the bank freezes the account, because scammers have a tendency not to stick around to defend their money laundering business.

After filing a report you don't exactly receive any information how things go because of bank secrecy. Banks can not inform anything about their clients even if caught one from money laundering. 



Contacting a bank



I have been contacting several banks around the world to file reports about money laundering. In case necessary, I have also contacted bank regulators/supervision and even police. 

Usually everything goes very simple: you just have to find an email address or a form to report about a case. It's very common that banks also respond to a report filed. If not, I'd recommend contacting country's bank supervision or even police. Usually banks act very swiftly and it doesn't take long before bank accounts are frozen.

Anyone can contact a bank and report about a bank account held by a scam. The bank accounts are used to launder money forward, so it's also in bank's interest to solve whether there is money laundering happening or not. You can also tip-off police and bank regulators, so it's not necessary to file an actual crime report, and you don't have to be a victim of the scam.

So far none of the bank accounts that I have proclaimed frozen have ever made a comeback. Coincidences or 100 % facts - you decide.

Thursday, 19 January 2017

OneCoin lost its secret bank account in Spain

Well, well, it seems evident that the Banco Sabadell decided to freeze the account OneCoin had there via its partner company One Payment for all SL. The site for package purchasing is offline and has only the picture below welcoming visitors:


Maybe OneCoin should accept onecoins as a payment for package purchasing? I mean, it's the future of payments for the unbanked - and that's precisely what OneCoin is.

Now OneCoin and the shell companies partnered with it have at least 17 frozen bank accounts.

Recyclix lost its bank account in Poland



After Bank Polski learned who was actually behind the bank account operated through shell company BEPAY Limited it took only about a week they supposedly froze the account. 

Now Recyclix is using a Czech bank, Ceskoslovenská Obchodní Banka. This time the account holder is Recyclix sp. z o.o., so it seems that there was no shell company to use this time or maybe not enough time to set up one. Let's see how long this bank account lasts. I already foresee a freezing blast closing down so I suggest Recylix member wannabes to dress warm!

Here are the bank account details provided by Recyclix to its victims:

Beneficiary name: Recyclix sp. z o.o.
Beneficiary address: Poligonowa 28 A, 18-400 Lomza, Polska
Bank Name: CESKOSLOVENSKÁ OBCHODNÍ BANKA, A.S.
SWIFT CEKOCZPP
EUR Account CZ4703000000000277828097

Wednesday, 18 January 2017

OneCoin lost its secret bank account in Dubai



Abu Dhabi Commercial Bank seems to have already frozen the secret bank account OneCoin had via its shell company SAFA Trading Ltd. The shell company was used for money transfers above 7500 euros.

I have to give credit to the bank for its swift action against money laundering. Hopefully this will prevent at least some of the ponzi victims from losing their money.

The Spanish bank they still have an account in hasn't reacted yet. The bank account in question has been used for money transfers below 7500 euros. However, now that the Dubai bank froze the account, OneCoin scammers were forced to change the direction of money flow to Spain. Currently codeservice04.com offers only the Spanish bank for wire deposits. It remains to be seen how long it takes for the Banco Sabadell to react.

Just to ensure that SAFA Trading Ltd. mentioned in this blog post doesn't get mixed with legitimate companies, here's information about the company's address:
SAFA Trading Ltd., P.O. Box 122036, Dubai, U.A.E


Now OneCoin and the shell companies partnered with it have at least 16 frozen bank accounts.

Monday, 16 January 2017

OneCoin's secret bank accounts

Shortly after being unbanked by continuous money laundering suspicions and frozen bank accounts OneCoin's scammers started to instruct their victims to send money to some secret bank accounts. 

Earlier all OneCoin's bank account details were public in the back office for all the members to see. Now anyone willing to be a member of this cult must contact an anonymous email address to ask for bank account information. After being contacted one must apply to register to a secret web page. Only after successful registration one can purchase a membership or an additional package full of scam.

Bank wire transfers seem to have been the most used way for members or new recruits to transfer money to OneCoin. All this secrecy must have made money flow to the scam considerably smaller and OneCoin must have been struggling for its existence during the last months. The phase their bank accounts were freezing in the late 2016 must have also been bad for marketing the scam.


Forecast to onecoiners for the near future: there's a freezing cold blow coming towards OneCoin's bank accounts. Prepare for awkward explanations from your upline.

But let's get to the point. Here are details of the two secret bank accounts OneCoin is currently using via partner companies:

Bank name: ABU DHABI COMMERCIAL BANK 
Name of account owner: SAFA Trading Ltd., P.O. Box 122036, Dubai, U.A.E 
BIC: ADCBAEAAXXX 
IBAN: AE32 0030 0009 5131 8320 001

Bank name: Banco Sabadell, Av. Espana 116, 29680 Estepona, Spain 
Name of account owner: One Payment for all S.L 
BIC: BSABESBBXXX 
IBAN: ES49 0081 7462 5800 0164 2468


The service used to acquire bank account details: 

OneCoin continues to dig its own grave



The "life changing event" in Gothenburgh Sweden was yesterday. Going through the outcome of the event is like kicking a dead horse, but let's have it anyway.

The video clips I have seen from the event were very boring. All the news worth mentioning were presented via prerecorded video clips with Dr. Ignatova.



A merchant platform to be launched tomorrow


After over two years of waiting for the future of payments to emerge, the company finally starts to build up usability for the coin. However instead starting from scratch they launch a whole merchant platform with special terms for transactions.

As an example represented by her dictatorship herself via prerecorded video, Ruja Ignatova explains how things go:

4:45

"So let's say I want to charge 1.000 euro for a phone... The only thing that we ask you is that 50 % of the price you have to take in coins. You can do of course up to 100 % in coins, but at least 50 % you can take in coins. The other 50 % you can take in cash."
- And if you mistakenly thought that this can't get more ridiculous, Ignatova throws the final punchline:

"Out of this money (referring to the 500 euros from the phone) we are doing now currently a special promotion: 25 % of the money go to the company as a fee. Here again we are doing something very very kind for the merchants..."
- Wow, this generosity of Ignatova keeps on baffling me. So let me get this straight, a merchant sells a phone with its market price of 1.000 euro and OneCoin takes a huge cut of 125 euros from this deal. In addition any merchant is forced to accept at least half of the price as worthless onecoins. Good luck with waiting for stupid enough merchants to go along with that!

By the way, she doesn't explain at all how the merchants are going to operate without being KYC approved. No one can possess any coins without sending passport copies and utility bills to a dragging approval process.

Update 17 January: 
To be clear the 25 % Ruja's cut is just a promotion running for the first few weeks of the merchant platform. After 1st of March OneCoin will charge 50 % of all cash transactions. Anyone with half a brain can figure out how absolutely ridiculous this is. (Thanks to commentor deckfromacard for pointing this out.)

Videosource: https://youtu.be/QWguu3Q9fa4




Plans of OneCoin for 2017 and 2018


About OneCoin going public:

"You know going public takes time."
- No, it does not. A real crypto currency could be public right away. She continues by stating that OneCoin will go public in 2018. Well, we knew this already, but after this comes the real news. Ignatova claims that OneCoin is going to be listed on a stock exchange.
"We have chosen a major Asian stock exchange for our plans. And you know that listing a company takes a lot of time."
- No shit, it certainly can be a pickle to have a ponzi scam listed on a stock exchange. The company being considered a money launderer among banks could also complicate things a notch.



Laughing stocks





"So erm, everybody who currently holds coins, will become a shareholder of this company. If you have coins, you are entitled to be a part of one of the biggest success stories - we hope - since Facebooks or Alibaba."
- Shareholder you say. Where? In the laughing stock market?

"There are lot of other companies I think who plan to become public in the next years, like Uber, or erm... others. And I hope that we actually will surpass them all."
- Phew, it was good that you prerecorded this. Otherwise this could have been even more awkward.

"The only way to be part of the IPO (Initial Public Offering) is to hold onecoins. You will be able to exchange this onecoins over the next months in to so called OFCs. And OFC is a future certificate that entitles you to receive shares in the company OneCoin which will be listed on the stock exchange. Everybody who holds coins can exchange them for OFCs."
- So now OneCoin is offering nonexistent shares in exchange to worthless coins, which are nonexistent as well what comes to their usability. 

Why the company is suddenly so interested in acquiring coins? Let me enlighten you. As the scam has been seriously cash strapped after being unbanked, they grab to any excuse to play time. 

They already closed the inner exchange about couple weeks ago to keep desperate members hanging on to hope of something better. I don't think they will be eager to buy worthless shares though. 

"Double your shares, double your coins."
- As a cherry on top Ruja is again using her magic wand. Now they are running a promotion to lure new victims before March. Members joining before March are entitled to a double amount of shares compared to the ones missing this opportunity. She actually compares this new promotion to the last year's coin doubling scheme.

The video ends with the following announcement:



The members were eagerly expecting the exchange to be online starting tomorrow. Now they have only an option to buy OneCoin's Laughing Stocks.

Videosource: https://youtu.be/7vAm18wjRvM?t=176

Wednesday, 11 January 2017

Recyclix - Waste of money



Firstly I must make it clear that Recyclix has already announced that the current way of its business of recruiting new members is apparently going to end by October 2017. As the company puts it: 

"Recyclix also announced that is well on its way to achieving its start-up financial target of 14 million euros - a goal projected to be reached by October 2017. This paves the way for the company’s move from a start-up into a more established and renowned stable financial system that offers a wide range of very profitable and business-favorable options.
 
... 
To avoid speculation and disinformation, Recyclix provided a brief overview on the planned transition, confirming that the current system will be closed for new registration and new waste packages as soon as it reaches its start-up financial goal of 14 million euros. From the date of the closure, all existing members will still continue to earn and receive payouts with their existing packages for a further period of 10 cycles (roughly another year, by Oct 2018). This guarantees that everyone who is participating in our current concept will be able to see a return of investments with a profit margin."
Source: https://recyclix.com/news/recyclix-rocks-basel-and-reveals-future-strategy 

The Facebook page of Recyclix has already a number of concerned members commenting after Recyclix's recent announcement that the current business model of "crowd funding" is going to be closed down in 2018. It seems evident that the members were not expecting this kind of announcement at all.

Update 17th of March 2017: After recent events the information above is not valid anymore. Recyclix decided to change its plans. Currently the ponzi is evidently in serious banking problems.

Update 2nd of April 2017: The ponzi pyramid has collapsed and the scammers announced leaving the company.


What is Recyclix?


The idea behing Recyclix is so absurd that I decided to make a blog post about it, although I haven't heard much about it in Finland.

Recyclix is a company who claims to make sizeable profits from recycling plastic waste. Yes, you read it correctly, waste. Although plastic is a valuable material and recycling it may even produce profits, it's very questionable whether a rather insignificant company in recycling business is profitable enough to feed a worldwide network of greedy recyclers looking for easy money.

It is also suspicious that you can't find Recyclix listed anywhere as a company recycling plastics or providing recycled plastics. - If you do, please, by all means let me know!

Their official Facebook page has about 35.000 likes and followers, and the scheme seems to be quite popular, mainly in some European countries.

Alexa.com gives the following results for recyclix.com:





Meet the staff



Dmitri Paladi, Founder and CEO
Mark Kowal, COO and deputy director
Dmitry Makenyak, CDO
Kirill Babin, sales office specialist
Adam Skrzynecki, operations and CTO
Valentina Dulko, office manager
Renat Osmanov, logistics manager
Klaus Heusslein, manager of the German customer department

The executives of the company don't seem to be keen to list Recyclix on their resumes. At least Klaus Heusslein was up to list Recyclix on his LinkedIn page, which revealed that he has been involved for the last five months in the company. The other people I managed to find in LinkedIn seemed to have a current position in a totally different company than Recyclix. Non of the Recyclix executives cares to even mention the company on their profile. One might even question what their role is in this recycling business.


How does Recyclix work?


The members are led to believe that they actually buy waste and thus participate in recycling process. However I see it more than likely that none of the money is used to actually buy waste. - I'll come back to this a bit later.

As said, the idea is to buy waste and profit from recycling it to granules. New members are lured in with a sign up gift of 20 euros which you are given in an instant. This is of course only a virtual gift with the only option being to invest it in waste, 100 kilograms of it to be exact. Once you have signed up you have a trial account which will expire in 60 days without an external funding through bank wire, credit card or Bitcoins. Only after depositing at least 100 euros user account is activated.

All in all the recycling process takes five weeks. After the period a member has an option to cash out. However according to Recyclix's basic tutorial even after the full process you would only get 81 euros from your initial investment of 100 euros. It's safe to presume that majority of Recyclix members don't cash out with a negative result, so they'll continue investing at least for another five weeks or invest much more to achieve profits faster. 

The tutorial encourages to buy at least 5.000 kg of waste to begin with. This minimum investment of 1.000 euros is required to be able to buy additional "equipment shares". Buying those equipment shares should enhance the profit rate greatly.

There's also an option to recruit others to join and thus improve one's profits. According to the tutorial referral commission is 12 % from each new member who activates an account.


Recyclix troubled by banking problems?


I found information from the company's Facebook page revealing that Recyclix has just recently changed its bank account. There was also some posts referring that the previous bank account was in Poland. Maybe the account draw too much attention from regulators and caused money laundering suspicions? 

Currently Recyclix is directing all bank wire transfers to an account hold by Bepay Limited. Bepay Limited is registered in England and the sole director is a 1990 born Latvian, Dainis Vasiljevs. A good question to ask is, why a Polish recycling company is instructing its investors to send money to a shell company registered in England? I don't think the money is used to buy plastic waste there.

Here are the bank account details provided by Recyclix:


Beneficiary nameBEPAY LIMITED
Beneficiary addressSuite B, 29 Harley Street, London, England, W1G 9QR
Bank NameBank Polski SA
SWIFTBPKOPLPWXXX
EUR AccountPL60102010970000710202964831
USD AccountPL32102010970000730202964849
PLN AccountPL82102010970000710202964823


These posts below from Recyclix's Facebook page indicate that the change of the bank was sudden. It seems that the members were not even properly informed about the change.



There are warning signs far too similar to the ones OneCoin had. Eventually OneCoin had at least 17 different bank accounts, all of them supposedly frozen because of money laundering suspicions.



Banned in Italy



In September last year Recyclix was ordeded a suspension by Italian regulator Commissione Nazionale per le Società e la Borsa (CONSOB). Apparently there was a great number of Italians participating the scheme and that draw attention of the regulator. A legitimate recycling company would hardly receive this kind of merit.



The Final verdict



Recyclix is waste of money and doesn't bear a closer inspection. The pyramid marketing ensures that there certainly are some people who gain profits from the system. However a vast majority of people participating these kind of scams lose their money.

I couldn't find any credible source that Recyclix actually is in recycling business. They seem to have some connections to some recycling plants, but so could anyone who splashes the right amount of cash.

Furthermore the Italian regulator has done its own investigations to the business model and found it worth suspension.

The company's news section is already preparing their members for a new scam to come. After closing down the recruiting in 2018 there will be an alternative way of investing money. However it remains to be seen what they will come up with.



Update:


Recent comments on Recyclix's Facebook page reveal that they have been charging their victims a hefty 10 % fee for all withdrawals done using Bitcoin. After receiving some feedback from the victims Recyclix seems to have decided to reduce the fee to 5 % according to the last post made.



It's rather strange how they deal with the feedback from the customers. First there's a firm answer with some "take it or leave it" attitude. Then they just quietly change their mind without any comments whatsoever and reduce the fee.