Scams

DHL warns agents to stay away from OneCoin
Scams

DHL warns agents to stay away from OneCoin

Global freight giants, DHL has advised its agents across the globe to stay away from Onecoin or risk the revoking of licence. There were reports of the company accepting it for payments from customers in some parts of Europe. OneCoin affiliate Norbert Friedrich announced on Linkedin sometime in March that […]

BaFin bans OneCoin Dubai from Germany
Scams

BaFin bans OneCoin Dubai from Germany

Germany’s major financial services regulator has issued prohibition order against Onecoin Dubai. The company is registered as OneCoin, Dubai Ltd. BaFin said the order is a follow up to a cease and desist given to IMS International Marketing Services GmbH (IMS) on 5 April 2017, the German Federal Financial Supervisory […]

OneCoin investors in Germany lost USD424 million
Scams

OneCoin investors in Germany lost USD424 million

After the final shut down of its Deutsche Bank accounts in Germany, it seems there are more damages caused by OneCoin in Germnay than ever. It could be recalled that BaFin, a financial services regulator in Germany had ordered the freezing of all account of OneCoin, a pseudo cryptocurrency to […]

Review of Peoplesfund ponzi scheme
Ponzi Scheme

Review of Peoplesfund ponzi scheme

Many ponzi schemes have sprung up and shut down in the last couple of months, and here comes Peoplesfund with loads of promises. Its proponents claim it is a community mutual aid platform built for people in Nigeria and other neighbouring countries who are willing and ready to eradicate poverty […]

US FTC raises scam alert on computer repair scammers
Scams

US FTC raises scam alert on computer repair scammers

The US Federal Trade Commission has raised an immediate scam alerts on ‘computer repair’ scammers who deceived people that they represent the FTC. The commission said these scammers usually send send pop-up computer warnings to pitch unnecessary  and sometimes harmful tech support services. Some others make make actual ‘phone calls’. […]