OneCoin Claims It’s Not a Ponzi or Pyramid Scheme

The OneCoin cryptocurrency investment project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit the narrow definition of either. In a report by Samoa Observer on May 14, the Central Bank of Samoa is quoted as saying last month that OneCoin is a “hybrid ponzi-pyramid scheme” which “laundered […]

Continue Reading

FBI Nabs OneCoin Ringleader at LAX as Massive Crypto Scam Unravels

On March 6th, the US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX). The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme. OneCoin has faced fines and criminal actions around the world – particularly in India, where 22 promoters […]

Continue Reading