I do not recommend and give advice to people reading this forum to engage and be part of this project. My role on this forum is to give my personal opinion on most of the topics against Onecoin based on my perception. I did go to Sofia to meet management as a user just to make sure there is someone there and to ask questions, so I kinda trust them. I can be wrong, of course, so please do not take my opinion here as advice.
Just make it an ingredient for your own opinion and decision.
I was motivated to make this topic in the middle of debate by one user who tries to imply that Onecoin iz a ponzi yet he does not give any valid official statements other than his opinions that he labels as facts and when he runs out of responds to my answers he just moves to even dummer arguments that are even further from the official truth.
In lack of official proofs that some government ruled Onecoin as ponzi he wrote this:
So he quoted some text stating that is Bangladesh official verdict that Onecoin is ponzi.EagleOne wrote: ↑Sat Jul 08, 2017 2:50 amYou keep claiming that OneCoin is not a Ponzi and no regulatory or law enforcement agency has stated that OneCoin is a Ponzi. Well, here's what the Bangladesh authorities had to say about OneCoin when they arrested two promoters of OneCoin and I quote:
"Following an investigation by the Dhaka Metropolitan Police (DMP) Counter Terrorism Unit, two OneCoin investors have been arrested in Bangladesh. Officers of the DMP’s Counter Terrorism Unit, Cyber Security and Cyber Crime Intelligence agencies had been monitoring what they refer to as an “MLM fraud gang” for some time. On Wednesday June 15th at approximately 10pm, DMP officers arrested Nazrul Islam Mamun and Zahirul Islam Zahir. The suspects stand accused of promoting the OneCoin, Ilgamos and ImpaxGold PONZI schemes."
I capitalized the word Ponzi so you wouldn't miss it.
What he quoted there is mixed and made up part od behindMLM news, not an official Bangladesh government statement.
In fact, the last sentence where he capitalized word PONZI was written by Oz, the owner, and author of behindMLM, original source is here. That is not Bangladesh official verdict. That is Oz's opinion.
Now let's take a look on what the actual Bangladesh article says, original link here and I took it from behindMLM news post.
So, the first thing that comes to my attention is that behindMLM relayed this news as titled:In the initial interrogation, the arrested persons said, along with Amin, Mohsin and Salam, the foreign website http://impaxgold.com, https://www.facebook.com/ilgamosbd, http://ilgamos.com Mahtab Farahi and Sajid Afrin Arman Https://www.facebook.com/ilgamosbd, http://ilgamos.com and Yusuf Didar have grabbed huge amounts of money by tricking the general public to get a lot of money by cheating people at https: //www.onecoin.com.
"OneCoin investors arrested in Bangladesh". This is what I am talking about. Most of anti onecoin "news" are twisted and misleading.
First of all, there are no investors in Onecoin/Onelife. People buy an education that you are so free not to like and deny, but it is a legal product. If someone is promoting Onecoin as investment please report him to firstname.lastname@example.org cause he is doing it unlawfully.
This original article is not about Onecoin at all as behingMLM implies. The original article is about arresting those people who used multiple ways to con people online.
They first mention "http://impaxgold.com" it is offline, then "http://ilgamos.com", it seems to be some digital currency, I will not go into it cause I don't know it, but since Oz wrote about it already they are probably some honest project slandered by dogs of the internet too.
And at the end they mention onecoin.com. So haters manipulated this news into "all about Onecoin" where onecoin was only mentioned as one of the ways those guys used to lie to people and take their money.
But seems like only one guy Yusuf Didar used onecoin.com to fraud people. He probably made huge promises and took money from people.
It is unclear if buyers got their education and onecoins. If they did, they can find out they are on a good path. But if they were lured to pay something that they don't understand, and they think they will get rich in 2018 then they were conned.
Although he needs to be arrested for this, I blame those stupid people that believe in lies and guaranteed profits. Onecoin as a company makes no guarantees, promises and they forbid it. So this case happens to be isolated case of people working against company's rules.
He was probably not even Onelife IMA, just some independent fraudster.
So looks like the same case as former arrests in China that some people were arrested for fraud investments collecting but happen to work with onecoin too and thus onecoin was mentioned and behindMLM made news all about onecoin
Here we can clearly see they were taking people's money via various scam or pyramid models using Bitcoin too. This is not only happening in Bangladesh. Also Bolivia arrested Bitcoiner scammers.In the interrogation, they said, Many of their gangs are 'illegal destony' former MLM member Their inspiration started with the launch of this digital MLM and Bitcoin. They make IDs for a specific dollar in exchange by making them members of the general members. Later they were asked to collect their members. By making them a subordinate right and left member, money is taken from them at a fixed rate. Thus, in the form of top down chain digital MLM system, it is spread through cryptocurrency (Bitcoin)
There is Bangladesh "conviction". Some fraudsters that worked many fraud systems and happened to use onecoin in a bad forbidden way probably, and Oz makes a sentence that they were arrested for using ponzi and all of the sudden that is a "FACT". Oh boy.