Skip to main content

Scam Detector

Providing valuable information about scams to authorities, banks, police and victims of scams since 2016.

Search This Blog

Showing posts from June, 2019

Posts

U.S. v. Konstantin Ignatov – a motion for bail pending trial

Konstantin Ignatov Onecoin ponzi pyramid scam trial

+

Get link
Facebook
X
Pinterest
Email
Other Apps

US Government: OneCoin didn't have any legitimate business activity

Mark Scott money laundering Onecoin OneLife Ruja Ignatova scam

+

Get link
Facebook
X
Pinterest
Email
Other Apps

OneCoin still luring victims to wire transfer money to company's money laundering program

dealshaker Duncan Arthur money laundering Onecoin OneLife

+

Get link
Facebook
X
Pinterest
Email
Other Apps

Archive

2022 1
- March 2022 1

2021 3
2020 6
2019 24
2018 25
2017 53
2016 77

Show more Show less

Popular posts

Putin's Russia is a scam

I never thought that I would be writing about something like this on my blog. I mean I blog about scams – pyramid scams, ponzi scams and their hybrids known as ponzi pyramid scams. However, Putin has scammed entire nation to invade another country, killing innocent people including women and children in the process so I think that certainly needs to be talked about. In a way this might be the biggest scam ever. It's not news that his actions have been criticized in the western world for quite some time, running his regime like a dictator and accused of having opposing politics silenced or even killed, thus making sure there isn't much opposition threatening his throne. Meanwhile in the western world there hasn't been much except harsh words against Putin's actions. Russia is Russia. However, a week ago everything changed – and I mean everything. On February 24 Russia commenced a full-scale military attack on Ukraine. Russia had already build up a lot of tension by surr...

OneCoin - After the London event, part II, Ruja's presentation

Update 13 June: I forgot to add the video clip from YouTube. Now it's there. :) Ruja's presentation in London 11th June As the scheme takes more and more religious like approach they are now calling each other "brother" or "sister". They also presented a new slogan for OneCoin, "Bitcoin killer". This kind of behavior for a company is rather strange. Legitimate and respectful companies don't go bashing others - at least in public. Usually companies market themselves as being better and cheaper than competitors, they don't thread to kill others (though Bitcoin is not a company). Ruja Ignatova calls again and again OneCoin's members "Onecoin users". This conflicts with the fact that onecoins can not be used anywhere. Here's Ignatova's part from the event: "This is just the beginning" She states that this is just the beginning and OneCoin is only one year old. The audience is allowed to take a g...

OneCoin lost its Hong Kong bank account + Late evening update

I just logged into the OneCoin's back office and noticed that the company had removed the bank account details of the Hong Kong bank. I was pretty much expecting this to happen after contacting the bank and the Hong Kong Police during the last couple of weeks. Both the bank and the police took the case very seriously although I'm not even a Hong Kong citizen. At first I contacted the bank to inform about money laundering going on in a bank account of its client. The bank responded swiftly and suggested that I'd better contact the Hong Kong police. I took the advise and forwarded the information to the police. A week went past and this Monday I was asked by the police to provide more information and asked if I were a victim of this crime. Well, I'm not a victim but I provided an info pack about the case and also informed about the ongoing police investigations in Sweden and in the U.K. I guess they saw the suspicious deposits coming in and confirmed that money ...

Circle of Finance & Invicta – a circle of ex-OneCoin misleaders

Following the exodus of top misleaders from OneCoin there has been many of them trying to launch schemes of their own. These people witnessed OneCoin running for years, collecting billions of dollars from gullible people and providing hundreds of millions to the top scammers, so it must had been tempting for anyone without a moral backbone to try to copy the success story that OneCoin had. The most recent effort to exploit the network of OneCoin victims is something called Circle of Finance. In November 2019 a team of OneCoin's top misleaders who had decided to exit the scam took over a OneCoin related Facebook group "OneCoin Exchange/Updates Official Channel". As they took over they renamed the group as "New Journey" without providing any explanation to well over 20 thousand followers. Needless to say the group consisting many OneCoin fanatics didn't take this sudden change of course well. On January 29th 2020 a new Facebook page for Circle of Finance ...

Recyclix scam preparing relaunch as Replastics?

Recyclix was a scam company who claimed returning sizeable profits from recycling plastic waste. The company was luring people to invest money through "crowd funding", which was actually just a pyramid scheme to rapidly grow the number of investors. As many of the scams nowadays, Recyclix was a combination of a ponzi and a pyramid scam. The ponzi part of the scam was the mere fact that the company wasn't even doing any plastic recycling. According to Polish media Recyclix didn't even own any recycling plants . Albeit the company had no recycling business going on, it managed to fool a large number of victims all over the world to invest to the ponzi via a pyramid scheme. To fool its investors Recyclix went as far as participating recycling related fairs having its booth quite regularly appearing among real recycling companies. In fact this was a genius way to increase the credibility of this scam in a low cost way. The scam participating a fai...

Popular Posts

Onecoin - there is a lesson to be learned

In the beginning the message was: OneCoin sells education not coins. This message is still the selling point they offer. Strangely enough OneCoin's Finnish Country Manager Tommi Vuorinen has several times admitted in public that selling education is only to avoid problems with financial supervisory authorities. However despite selling education was so important to OneCoin they made some additions to their product line by the end of 2015 adding educational packages with no education. There was Festival package for 18.000 euros and I think the 100.000 € Elite Trader package emerged during the end of 2015. Those packages include no education what so ever. Neither does the 25.000 € Infinity Trader package which came to replace the Festival package in the beginning of 2016. Looks like they care even less about authorities nowadays than before. It must be due the surpise that the ponzi is still running. This is what you get for 25.000 euros. I guess they ran out of bullshit to co...

Ruja Ignatova was part of BigCoin scam before OneCoin

Here's a video proof that Ruja Ignatova was participating BigCoin scam before OneCoin: This certainly conflicts with Ruja's statement that OneCoin was the first time she was messing with MLM pyramid structure. Apparently BigCoin was not a great success because it's hard to find much information about it on the internet. Looks like Ruja would be more than happy to forget this venturing into cryptocurrency business prior to scamming with OneCoin. Here is Sebastian Greenwood at the same event: Another video where Ruja can be seen handed some award from ponzi business (update: unfortunately the video has been removed): It had been buzzed about on the Internet that Ruja (as well as Sebastian Greenwood) were linked to BigCoin. However as far as I know there was only a little evidence supporting that Ruja had a role in it. Looks like OneCoin was not the first "centralized cryptocurrency" after all. They just stole the idea from BigCoin and c...

OneCoin's DealShaker would be better called DealShitter

16th of February was the day OneCoin finally launched the highly anticipated DealShaker platform. A platform for individuals and business owners to sell their products and services using onecoins and optional euros for transactions. During the first two weeks her dictatorship only charged 25 % of the cash part of any deal made. - Wow, so much generosity! After March 1st 50 % of all cash goes directly to Ruja's purse. This is only fair, because it's a ponzi. The terms and Conditions of DealShaker state: "Regular Advertising Fee is calculated based on the Cash Value of the Promotional Deal Offering Price. Until March 1, 2017 the adv. Fee will equal 25% of the cash value. Featured Deals Advertising Fee is calculated based on the Cash Value of the Pormotional Deal Offering Price and will equal 50% of the cash value of the redeemed Deal Coupon Price. Featured Deals Advertising Fee will require that the Cash Value of Promotional Deal Offering Coupon Price constitutes a...

Bunny Token scam

I was watching YouTube a couple of days ago when an ad video promoting BunnyToken emerged before the actual video started. The content of the ad video was so scammy that I had to dig out more information about the scheme. I was also baffled if this actually was a scam advertising itself boldly on YouTube. What is Bunny Token Bunny Token is marketing itself as the mainstream payment system of the future for adult entertainment industry, providing anonymous and low cost transactions. Considering the somewhat direct approach to the subject, they strangely seem to have forgotten to put the word "adult" before "entertainment industry" on their website. Bunny Token is based on Ethereum blockchain technology. The Initial Sale of Bunny Tokens launched on the 13th of March, 2018. The sale will continue until the 25th of May, 2018. There is going to be 1 billion tokens issued. According to bunnytoken.com the company behind Bunny Token is Bunny Software...

OneCoin was trying to recruit a blockchain specialist last year

I bumped into an interesting piece of information last night while reading comments posted under a blog post about OneCoin . A Norwegian Bitcoin Blockchain Specialist commented that at some point last year OneCoin had tried recruiting him to create a blockchain for the company. After reading the comment I contacted Bjorn Bjercke to find out what had happened. Bjorn let me know that last year he was approached by a Japan based recruiting agency ASENSHIA with this message: "We are currently working on a C Level search that may interest you. Can you suggest when you may be free for a call and the best number to reach you on?" "C Level" refers to a top position in a company. The conversation between Bjorn and the agency continued via phone. He was then introduced the idea of becoming a blockchain creator for a company. Bjorn Bjercke: "We spoke on the phone, where he laid out all the details but held back that it was OneCoin to the end." He was ...

Ari Widell

Labels

30 %
8th October
account frozen
Äiti yrittää
Alexander Maslov
anatomy of a ponzi scheme
Andrei Kazarin
Angel Boyadzhiyski
annual report 2015
Aris BC

Show more Show less

Report Abuse

Powered by Blogger