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German prosecution launches fraud probe into OneCoin and Hungary sets up task force

Posted: Sat May 13, 2017 9:20 pm
by mlawson71
Several days after the German Federal Financial Supervisory Authority (BaFin) has issued a cease and desist order against the OneCoin MLM scam, sate criminal police prosecutors from the North Rhine-Westphalia and local investigators of the city of Bielefeld, have opened an investigation.
According to the German newspaper Süddeutsche Zeitung, the investigation is against seven employees of the Bielefeld-based company IMS International Marketing Services GmbH, which was processing the payments of the German “investors” in OneCoin. The probe is for fraud and violation of the German payment systems regulation.
Meanwhile, the Hungarian c-bank Magyar Nemzeti Bank (MNB), has set up a task force to take “joint actions against certain elements of the alleged pyramid scheme OneCoin virtual currency”.

Re: German prosecution launches fraud probe into OneCoin and Hungary sets up task force

Posted: Wed May 17, 2017 4:05 pm
by LazarR
Wow is seems like big international scheme was running here. Will wait for further details, hopefully someone will be held accountable

Re: German prosecution launches fraud probe into OneCoin and Hungary sets up task force

Posted: Wed May 17, 2017 10:46 pm
by mlawson71
It is, indeed, a huge international scheme. There have been multiple warnings, investigations, etc all over the world - Germany, Hungary, Latvia, Malta, UK, Belgium, Bulgaria, India, these scammers seem to be everywhere.