Tag: Italy

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 […]

Chinese Consortium acquires AC Milan
Sports

Chinese Consortium acquires AC Milan

Italian Serie A giants AC Milan has been sold to Rossoneri Sport Investment Lux in a deal which sees the Chinese-led consortium take a 99.3% stake in the club. The seven-time European champions who are Italy’s most successful club in international competition, have been owned by former three-time Italy prime […]

Italy raises fraud alert on Coinspace Ponzi scheme
Ponzi Scheme Scams

Italy raises fraud alert on Coinspace Ponzi scheme

After carpeting OneCoin and declaring it illegal, Coinspace Ponzi scheme has been added to the illegal investment list by Italy’s National Commission for Companies and Stock Exchange, CONSOB. CONSOB is the Nigerian equivalent of the Securities and Exchange Commission, SEC. The commission said after its in-depth investigation, it has concluded […]

Italy bans the promotion of OneCoin
Global

Italy bans the promotion of OneCoin

After many challenges faced by OneCoin and its One Network Services, Italy has joined the deluge of countries, banks and organisations moving against the Ponzi cryptocurrency. The state of Italy has banned any form of promotion of OneCoin across the country. The Italian Antitrust and Consumer Protection Authority, AGMC has therefore […]