OneCoin, pyramid schemes listed by the Central Bank of Hungary

The merger between Conligus and One Coin seems to have been very successful in the eyes of members and some leaders who signed the project of Steinkeller brothers. The failed auction platform with luxury hybrid that inaugurated the Austrians along with Fabrice Keherve and Staffan Liback and announced with a spectacular display of media, remained just a couple of months. Continued problems with capital movements and the inability of its creators to find a secure payment system and quite possibly the similarity of the system with fraudulent ZeekRewards project eventually push Steinkeller to seek refuge in the shelter of Ruga Ignatova and cryptocurrency project, OneCoin. Also they appear to have been abandoned by some of its initial partners.

OneCoin users is presented as a potential cryptocurrency that aims to be competitive abroad and comparable BitCoin market: nothing further from reality. OneCoin operates in a closed system itself where the value of the currency it deems exclusively the company, depending on the parameters set unilaterally and to close agreements with other partners or platforms that can accept its currency. The OneCoin is not present on the platforms changing visual currencies and has no value beyond the narrow boundaries of the virtual company. So far the first platform to accept this cryptocurrency be Conligus.

All eyes were on the OneCoin event held last May in Dubai, where it would be presented the merger between the two projects. Despite the expectation, it seems that the result has been frightened by many of its members and especially by some of its leaders, the same that weeks ago published on their Facebook profiles effusive videos motivating attitude announcing "major developments" They never exposed. This applies, for example, 7 of Conligus star Adele Lumia is left to his friend Crhistian Steinkeller and announces its commitment to Metropolee, a new MLM with Jean Marc Colaianni to the head.

The company aims to justify the situation to partners

In the latest release of the company's partners, dated June 3, Conligus states that the company "was attacked by cybercriminals organizations between December 2014 and January 2015, using thousands of stolen credit cards from Ukraine Brazil and a number of other countries, this attack causing an incredible amount of previous charges on credit card payments "and claims that this plea affected the" liquidity of the company "and was the subject of suspense operations .

Conligus proposed a migration to its members OneCoin exchanging the existing balance from one to another platform, with the ability to repay the balance of the starter kit for people opting not to follow in the project. Now the company claims that "unfortunately, after all payments to its members and debtors, Conligus is currently in a state of potential bankruptcy." Conligus reported that "soon performed procedures possible settlement and any future claims will be handled by the liquidator of the company and according to the law", a message omen refunds, if ever they are They will wait quite a while.

First legal trouble OneCoin

Document issued by the Bank of Hungary
The Central Bank of Hungary was the first to sound the alarm about alleged "virtual pyramid scheme" on which OneCoin operates. The company states that "OneCoin has tried to create the illusion that their points OneCoin be negotiated with the public, but so far only members of OneCoin (investors) are the only ones interested in the cryptocurrency". "Actually the virtual market of the pyramid is maintained by the owner under the exclusive jurisdiction and can only be traded through through a closed market values."

"The investment in these companies involves special risks, since these assets are not included in the regulatory framework and are typically outside the National Bank of Hungary (NBH) and supervisory jurisdiction of the European Union". "(OneCoin) existing promises investors high yields by recruiting new participants. As bind to the first investors receive commission payments and payment of commission increases "reflects the Central Bank of Hungary in a document dated June 10.

UniversoMLM continue to provide new information on Conligus and OneCoin in the coming hours.

Source: Central Bank of Hungary