Scams

This is why The Billion Coin is a Ponzi scam
Scams

This is why The Billion Coin is a Ponzi scam

In case you are already involved in this scheme, The Billion Coin is a Ponzi scheme and it is in no way similar to Bitcoin, Ethereum and any other genuine digital currency. For some months now, one company called Semic International Limited had floated the Nigerian arm of The Billion […]

China releases timetable to crackdown on Ponzi schemes
Scams

China releases timetable to crackdown on Ponzi schemes

China might join the league of countries clamping down hard on Ponzi schemes and other dodgy investment companies luring unsuspecting members of the public to losing their funds. China’s regulatory authority said it will further investigate Ponzi scheme activities across the country. The government said in a statement that: “Recently, […]

Bank of Mauritius raise fraud alert on OneCoin
Scams

Bank of Mauritius raise fraud alert on OneCoin

OneCoin, the infamous Ponzi scheme marketed as a digital currency has gotten attention in Mauritius. The Bank of Mauritius has raised a fraud alert and stern warnings about the Ponzi scheme to its financial markets and its society at large. The Bank of Mauritius washed off its hands in a […]

Italy’s Competition Authority fines OneCoin EUR2.5 Million
Scams

Italy’s Competition Authority fines OneCoin EUR2.5 Million

OneCoin, the infamous pseudo-digital currency has just been fined another EUR2.5 million by Italy’s Competition Authority for carrying out deceptive promotional campaigns in the country. This is yet another hammer hitting OneCoin, a Ponzi scheme disguised as a cryptocurrency. OneCoin is owned by OneLife Network, a multi-level marketing organisation that […]