Indian Police Label $12 Million OneCoin Operation a ‘Clear Ponzi Scheme’
Indian authorities have filed a primary charge sheet against 30 individuals accused of promoting OneCoin in the country.
Tushar Doshi, deputy commissioner of crime at Navi Mumbai police stated:
In this sort of scheme, investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme.
The sweeping operation, the charge sheet further revealed, had amassed over ₹75 crores (approximately $12 million) from investing victims. So far, authorities have seized ₹25 crores (just under $4 million) from bank accounts.
The lure for rich rewards was a one-time investment of ₹11,900 (approx. $185). Investors were told that the value of their OneCoins, which is purchased with that initial investment, is tied with the value of the Euro. A substantial payout was promised in December 2018.
Indian police are currently on the lookout for six OneCoin promoters tied to senior positions of the scheme, including its mastermind Rjua Ignatova.
Upvoted
Thank you so much
Investors don't understand that Onecoin is not a real cryptocurrency because it has no blockchain!
No, but it has a chain of blockheads...
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Plagiarized.
Thats good , u know here in pakistan few guys still promote this shit coin , just few days back i meet one of the promoter, i told him one coin is poonzi , in most countries it decleared poonzi and complete baned so why you guys doing that , but that one not agree to me ,
You must be carefull while investing in pre-sale
When there is money you always have these ash.... who try to find a way... I hate this..