International criminal organisation OneCoin/OneLife released a newsletter this week luring gullible people to donate money to the scam's money laundering program specifically endorsing bank wire transfers.
So it seems likely that traditional bank wire transfers still are the most important source of funds to the scam. The newsletter makes an extra effort to market bank wire transfers as the best option to choose from by stating:
"One more great promotion has come back for 2 more weeks! Buy 3 ONEACADEMY Educational packages via Bank Wire and get 1 free!"
Of course no one in their right mind is buying those "educational packages". On the other hand the victims of the scam are buying these packages only for the sake of onecoins they will get after purchasing a package – or multiple packages.
To promote these packages as education is just ridiculous, and the fact that the victims of the scam are lured to buy several of them makes the whole thing just that more ridiculous. But like Konstantin Ignatov said: "The network would not work with intelligent people."
After the results of the US investigation were published there's really no excuse for anyone with a faintest hint of common decency to promote OneCoin.
All things considered no legitimate business would even continue operating under these kind of heavy charges, let alone disregard all the factual evidence that revealed undeniably how OneCoin was designed just to defraud people.
That been said I don't think the remaining staff at the Sofia office have any kind of moral backbone whatsoever.
On May 23 2019 OneCoin announced that the members should no longer use New DealShaker (aka DealShitter) plaform. Yes, the very platform that has been heavily promoted by the company and the members since the beginning of 2019.
So it seems likely that traditional bank wire transfers still are the most important source of funds to the scam. The newsletter makes an extra effort to market bank wire transfers as the best option to choose from by stating:
"One more great promotion has come back for 2 more weeks! Buy 3 ONEACADEMY Educational packages via Bank Wire and get 1 free!"
Of course no one in their right mind is buying those "educational packages". On the other hand the victims of the scam are buying these packages only for the sake of onecoins they will get after purchasing a package – or multiple packages.
To promote these packages as education is just ridiculous, and the fact that the victims of the scam are lured to buy several of them makes the whole thing just that more ridiculous. But like Konstantin Ignatov said: "The network would not work with intelligent people."
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| Screencapture taken from a user account showing payment options of the shopping section of onelife.eu. – Oops, sorry, can't tell the bank account details. Please, contact a scammer for further information. |
If it's proven as a scam, it is a scam
After the results of the US investigation were published there's really no excuse for anyone with a faintest hint of common decency to promote OneCoin.
All things considered no legitimate business would even continue operating under these kind of heavy charges, let alone disregard all the factual evidence that revealed undeniably how OneCoin was designed just to defraud people.
That been said I don't think the remaining staff at the Sofia office have any kind of moral backbone whatsoever.
OneCoin ditched New DealShaker
On May 23 2019 OneCoin announced that the members should no longer use New DealShaker (aka DealShitter) plaform. Yes, the very platform that has been heavily promoted by the company and the members since the beginning of 2019.
Now the company requests everyone to transfer their deals from the New DealShitter back to the old DealShitter. As the announcement says this is all because due to "recent technical issues" which refers to the inevitable difficulties that accumulate from running a ponzi pyramid scheme.
According to US investigation of OneCoin and as many had suspected before, DealShaker platform was only designed to provide a cover to the ponzi business. A market place build on a ponzi coin just isn't sustainable.
OneCoin didn't have a blockchain, the coin had no real value and there wasn't going to be an exchange for the members to cash their possessions. Yet Duncan Arthur and his team were hired to manufacture a new platform to replace the old one. The only reason for this operation was probably just to distract the existing members from demanding an exchange to be launched. DealShaker gave the company and it's representatives an excuse for further delays. Thus there was also more time to milk money from new victims.
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| Duncan Arthur, the beloved Project Manager of DealShaker 2016–2019. |
There has been some leaked correspondence suggesting that Duncan Arthur wasn't exactly enjoying much trust from behalf of the top leaders of the scam. The conversation between the parties turned eventually into quarrel and led the company abandoning new DealShaker, thus ending also Duncan Arthur's involvement in OneCoin/OneLife. (As a matter of fact he was already providing his services to OneCoin since October 2016 as the "Project Lead" of the old version of DealShaker.)
The developing team of DealShaker confirms that there is no blockchain
After Konstantin's arrest a report sent by a member of the DealShaker developing team has been circling around online. The message revealed that the developing team of the new DealShaker had found out that OneCoin had no blockchain.
However, I find it hard to believe that the absence of blockchain came as a surprise to the team, let alone to Duncan Arthur who had been involved in the developing of DealShaker ever since October 2016. I'd suspect that the leaked report was an effort by the team to wash their hands of the scam and distance themselves from any criminal activities.
Update June 8, 2019
A Tweet by OneCoinInsider pointed out that the old version of DealShaker has in fact been integrated with OneCoin and CoinSafe accounts. Yet transactions haven't been visible on OneCoin's "blockchain" simulator that is running in the back office showing the members scripted data mimicking legitimate cryptocurrencies.
Duncan Arthur has been responsible for the developing DealShaker part of the business since October 2016. That certainly raises up a lot of questions regarding his role in providing those two shitty merchant platforms (the old and the new one) to the scam.
Yeah the old Dealshaker was able to pull account balances and update them from the backoffice SQL database. Makes me wonder why the new Dealshitter couldn't have done the same? (Maybe it was that they did not want to throw out an obvious SQL interface towards the 3rd party developers? IDK.)
ReplyDeleteBut the main thing in both the old and new Deashitter is that the coins have been (and are still being) handed out on a price so low that no sane merchant would ever accept coins as a payment for the company-stated value.
To those not familiar with the subject:
Let's assume you have a car worth 55 555 euros. You could sell it IRL for 55 555 euros or then sell it in DealShitter for 1 861 ONE (supposed to be worth 55 555 euros).
But why would you ever sell it to get mere 1 861 ONE when you can get 26 667 ONE?
Selling the car IRL makes it possible to buy an "Initial Launch Pack" (still being sold for 55 555 euros) and get 500 000 tokens and 4 splits that together with the current difficulty result to 26 667 ONE (supposed to be worth 796 000 euros).
Do you get the feeling this doesn't make sense? It's because this indeed doesn't make sense.