Onecoin Operators Get In Trouble Again In Three More Countries – Featured Bitcoin News


Onecoin Operators Get In Trouble Again In Three More Countries

The accused Ponzi scheme Onecoin is starting to get into more trouble these days as the fraudulent operations are becoming more apparent than ever. Just recently Vietnamese officials have reported Onecoin has forged an official license to operate in Vietnam during a One Life investor’s event held last week in the region.

Also read: Buyer Beware! The Definitive OneCoin Ponzi Exposé

Onecoin Operators Forge Business License in Vietnam

The Onecoin operation is a pyramid scheme taking place all around the world that has raised red flags with many investors, and governments from various countries. Onecoin purports itself to be a cryptocurrency, but many skeptics believe this claim is verifiably false. In addition to not being able to prove the existence of a real blockchain, the company has faked many claims over the past few years. Furthermore, Onecoin lawyers have threatened journalists and news publications who’ve reported on the company’s shady acts.

Now Vietnam’s Ministry of Planning (MPI) and Investment Director, Nguyen Dang Truong, has reported that Onecoin representatives counterfeited an official government license to operate within the country. The MPI Director says his signature and a government seal was faked. Officials received “feedback” about the forged Ministry documents immediately after the Onecoin meetup. Vietnam authorities say the documents are not in accordance with current laws and the forgery has sparked an investigation into the pyramid scheme’s operations.

Onecoin Operators Get In Trouble Again In Three More Countries
Forged Onecoin Licensure Vietnam.

Norwegian Officials Want Information on All Onecoin Operatives Working In the Country

Onecoin Operators Get In Trouble Again In Three More CountriesTwo weeks ago Onecoin operators got in trouble with the Norwegian Lottery Authority (NLA), and the agency has asked for information on all One Life employees conducting business within the country. According to a letter from a local law firm, Danielsen and Co., the NLA is interested in acquiring data on residents of Norway who participate with Onecoin and foreign associates involved with promoting the multi-level marketing operation within the country. Moreover, the NLA has been investigating the pyramid scheme for over a year, sending communications to Norwegian Onecoin operators who are organizing the One Life events in the country.

Belize International Financial Services Commission Also Says Onecoin Is Not Licensed to Operate Within Its Borders

Onecoin Operators Get In Trouble Again In Three More CountriesA few weeks ago ‘One Life Network Limited’ also had issues with the Belize International Financial Services Commission (IFSC) who also declared the company was not licensed to operate in the country. According to the Belize authorities, Onecoin operators are not registered and compliant with the official IFSC rules and regulations. The regions regulator has issued a cease and desist orders towards Onecoin trading and other unlicensed operations.

The past year hasn’t been good for Onecoin as regulators from many other countries are investigating the company’s financial and recruitment activities. reported on the recent Onecoin investigations in Hungary alongside the German Federal Financial Supervisory Authority (Bafin) issuing cease and desist orders against One Life Network businesses and partner firms.    

What do you think about Onecoin’s recent trouble? Let us know in the comments below?

Images via and ĐẤU THẦU.

Tags in this story
Belize, Hungary, MLM, N-Featured, Norway, One Life, Onecoin, Ponzi, Pyramid Scheme, Vietnam

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Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

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