Pakistan cracks down on OneCoin, several Ponzi scheme promoters

OneCoin

There seems to be a major confusion within the OneCoin community and in particular, the underbelly of Pakistan’s Ponzi scheme industry as the government has started a crackdown on the promoters.

Media reports in the country say agents of the Federal Investigative Agency Cyber Crime have arrested promoters of OneCoin, FirstCoin and Eagle Bit Trade.

While OneCoin is more popular when compared to FirstCoin and Eagle Bit Trade, it is not unusual to see Ponzi scheme marketers doubling for other schemes.

According to BehindMLM which quoted the agency saying “Through these Ponzi schemes, authorities allege the accused involved in the gang were looting millions of hard earned money of citizens.”

So far three suspects have been arrested; Ahmad Butt, Malik Irfan and a woman surnamed Zammurd.

Zammurd is believed to be one of Pakistan’s main Eagle Bit Trade promoters.

BehindMLM reported that the FIA agents are continuing to investigate the case.