As the crypto market is crashing, let's take a look at one of the oldest crypto Ponzi schemes from 2016 — how did it get so big, and why did so many people buy OneCoin? Author: TheCoinPope1 Editor: MollyJZuckerman
quotes sales revenues between $4.4 and $19.4 billion. The BBC attained quarterly revenue numbers detailing nine-figure sums for months on end.of 230,000 Bitcoin rumored to be connected to the scam.OneCoin only stopped operating in 2019. Why?If a highly punctual person is late, you start wondering what happened to them. But if they don't show up at all, something is likely wrong.
With Dr. Ignatova hiding underground, it was her brother's turn to take over. Even though the Bulgarian authorities raided the headquarters of OneCoin in early 2018 at the request of German prosecutors, the scam website continued operating. While multi-level-marketing gets a bad rap due to ubiquitous scammers, it is not strictly illegal. Mr. Alberts perfected his MLM skills before joining the OneCoin cult and found it easy to put them to work with an audience eager for easy money. Soon, they were makingand used some of the money to buy more OneCoins, as they pursued greater riches. Alberts even made plans for how many OneCoins he needed to become a billionaire.