Tuohivirta – Kari Wahlroos launches a scam of his own

 

The former "ambassador" of OneCoin, Kari Wahlroos, has finally decided to launch a scam of his own called Tuohivirta. The Finnish name could be translated in English as something like "Stream of Money". According to Tuohivirta website "Tuohivirta Corporation owns several mine reservation areas in Finland from the greenstone belt in central Lapland. The company's goal is to develop them into one of Finland's key precious metal mining projects."

However, Tuohivirta got a rocky start after Finnish broadcasting company YLE took Tuohivirta under a heavy scrutiny and investigated the bogus claims made on the scheme's freshly published website in August. As it turned out Tuohivirta claimed that they were going to start mining business in Sodankylä Finland mining gold, palladium and other valuable minerals worth about 20 billion euros. After YLE published an article titled "A Finn enriched with OneCoin scam lures people to invest in gold mine – GTK expert: "I hope people don't fall for this"" revealing all the lies and misleading information given by Tuohivirta the scam swiftly removed the bogus information from the webpage. The earlier version of the website had also "Ambassadors" section which presented two ambassadors. Another one of those two was Simon Le who was a known OneCoin promoter.

Tuohivirta ambassadors. (Click to enlarge)

Despite having a bad start Tuohivirta continued by an announcement about a press conference Wahlroos was going to keep during a mining industry forum held by The Finnish Mining Entrepreneurs Association in September. The press conference was also live streamed so I was able to watch the whole thing online.

An invitation to the press conference.

The public livestreaming was a bit of a disappointment. In a venue that seemed to be a hotel bar there was apparently a handful of people present. Wahlroos was one of the speakers and he was quite careful not to reveal too much – not that there was anything real to reveal. I find it likely that the whole forum was organized mainly to serve the needs of Wahlroos to have Tuohivirta publicly promoted and to gain some kind of credibility to the scheme. 

Kari Wahlroos bullshitting in Sodankylä.

The audience of the forum.

During the livestream presentation Wahlroos told that he has been planning Tuohivirta seven years already. That means that he started developing the idea about the same time OneCoin was launched. Despite having seven years to plan things there wasn't much to show for.

After the livestream YLE managed to interview Wahlroos and ask more information about the project. An article about the interview and YLE's findings was published yesterday and it doesn't flatter Tuohivirta nor Wahlroos.

According to Wahlroos besides mining valuable minerals there is going to be a cryptocurrency (of course) linked to the business. This so called Freedom Republic Coin is going to enable everyone to become victims of Tuohivirta and somehow also prevent nasty burocracy coming in way. As the reporter tried to ask how is blockchain going prevent burocracy from happening Wahlroos refused to go into specifics.

Wahlroos repeatedly called himself as a dictator of Tuohivirta. However, according to YLE the area reserved in Sodankylä for Tuohivirta to operate belongs to a unnamed Finnish woman who didn't want to comment the subject to YLE.

I haven't called Tuohivirta as a company in my blog post because there isn't any company named Tuohivirta registered in Finland. Neither did YLE manage to find any companies registered as Tuohivirta abroad.

What comes to funding of Tuohivirta, Wahlroos claimed that he has a signed contract for a funding considering 800 million euros and just recently got 300 million euros of the promised sum. However, when asked about those 300 million euros by YLE Wahlroos blurted out that he wasn't sure whether they were tokens or euros. – Maybe they were onecoins?

YLE also unsuccessfully tried to approach two foreign companies who were supposed to be linked in Tuohivirta's operation. One of those two is a company named SXO Trade and Invest registered in South Africa and the other one is Kazakhstan based Geologex.

At the end of the interview Wahlroos starts to lose his temper and use curse words. When the reporter brought up Wahlroos' pass as a OneCoin promoter he replied: "How does it relate to this now? What the fuck is that related to this? And what crime has taken place in it?" – Well, for once Kari Wahlroos didn't lie. He hasn't been charged of any crime related to OneCoin.

OneCoin hired Wahlroos as an ambassador for the scam, starting from somewhere in 2015 until December 2017 when he was kicked out after the company accused him of "consistent miscommunication and misrepresentation of the OneLife Network operations and strategy" – which is actually quite funny because Wahlroos was hired to lie from behalf of the scam and mislead as many people as possible.

The day after the livestream Tuohivirta posted on social media channels that the livestream was watched by 1 million viewers in Finland alone. To any Finn the claim was laughable and absurd to begin with, an obvious lie. When YLE asked Wahlroos about this odd claim he answered that he got the numbers from the livestream organizer. The organizer told YLE that they haven't given any figures about the audience to Wahlroos. 

A funny detail that someone on Finnish Murobbs forum noticed about Tuohivirta scam. There's quite a resemblance between Tuohivirta and Fyre logos.