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Putin's Russia is a scam

March 02, 2022

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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

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

Initiative Q – Nonsense spreading like a virus

Lately there has been a lot of buzz about Initiative Q in social media. Even people who usually aren't gullible to promote these kind of chain-letter type of schemes have been sharing invite links luring more and more people to do the same. So what is this initiative of spam all about then? According to the webpage of Initiative Q the aim of the company/people behind the scheme is to create "the payment system of the future". Joining Initiative Q requires an invitation to sign up. You only have to give your name and email address, no payment is required – yet. People signing up and sharing invite links are rewarded with the future currency. Like the webpage says: "To get millions to join, we are giving away our future currency" . As I'm writing this the webpage claims that the estimated future value of next spot would be about 19.000 dollars. And get this: that fat stack of dollars will be yours free of charge! Don't mind that it's just an emp

A stooge appointed as the new manager of five OneCoin related companies

A Bulgarian newspaper the Capital/Капитал published an article today revealing that OneCoin has appointed a new manager for five OneCoin related companies . - No, it's not Pablo Munoz. Instead the new manager in these important positions is a 25 year old Bozhidar Zahariev who - according to the Capital - lives in a... erm... in a quite modest neighborhood for a man of his position. The Capital let's us know that he was appointed to manage the companies somewhere in November. It's quite a coincidence that OneCoin ran into severe banking problems at the same time. - Ironically one could say that OneCoin has been unbanked since then. "Yes, you are the new manager! And don't worry about missing the brains. You don't need them in OneCoin." The Capital (with the help of Google Translate): "Accordingly, it is rather odd exactly where they crossed both worlds and what Zahariev was able to prove. But the fact is that he is now governor of owner

Bulgarian Capital Weekly's new article about OneCoin

Update 19 May: The journalist behind the article released an English translation of the article. You can check it out in BehindMLM . ------------------------------------------------------------------------------------------------------------------ A thread about OneCoin in a Finnish discussion board Murobbs has been following the ponzi scheme since February 16th 2015. I'm sorry to say that it's of course in Finnish and Google Translate does quite terrible job with Finnish language. Nevertheless a Bulgarian journalist Nickolay Stoyanov from the Capital Weekly has been following the discussion with the help of Google Translate. Today he greeted the followers of the thread with this message: "Hey guys, My name is Nickolay Stoyanov, a journalist from Bulgaria. Me and my paper Capital Weekly have been covering OneCoin and I've been following your discussion through Google Translte which has been useful. I am writing just to drop you a link is our ltest article (in

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