Tag: OneCoin

June 17, 2018 BY Mariela Naydenova

OneCoin - one of the largest Ponzi Schemes in the "crypto" world

Probably the largest Ponzi scheme in the modern world was "designed" by Bernie Madoff who scammed corporate America with around $70 billion back in 2008. Now, as cryptocurrencies garnish share in the world's economy, it is not surprising to learn that there are also cryptocurrency Ponzi schemes. One such is called OneCoin. OneCoin is a…

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September 29, 2016 BY Valentina Kirilova

OneCoin responds to recent FCA warning

Two days ago the UK Financial Conduct Authority (FCA) stated that consumers should be wary of dealing with the software and technology company OneCoin. OneCoin commented earlier today that is disappointed that the FCA has issued a statement without having first contacted the company. OneCoin claims that it has not been contacted by the City of…

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September 27, 2016 BY Valentina Kirilova

FCA warns: Beware trading virtual currencies with OneCoin

The UK Financial Conduct Authority (FCA) believes that consumers should be wary of dealing with OneCoin, which claims to offer the chance to make money through the trading and ‘mining’ of virtual currencies. OneCoin markets itself as ‘a digital currency, based on cryptography’. It claims to have a finite amount of currency units which means…

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