Embattled OneCoin Denies Multi-Billion Dollar Ponzi Scheme Allegations

OneCoin execs are sick of being called a Ponzi scheme. Allegations of ripping off churches are false too, they claim.

In a lengthy letter to the Samoa Observer, the cryptocurrency-powered marketing company defended itself against what it considers to be false allegations

OneCoin takes issue with news articles that were used by the Central Bank of Samoa (CBS), which fueled the Ponzi scheme narrative. The CBS has issued clarifications about the information it received about OneCoin’s operations.

OneCoin has faced fines and criminal actions around the world – particularly in India, where 22 promoters have already been charged. Meanwhile, China has also levied charges against OneCoin promoters, while several central banks have issued warnings.

Reference: https://www.ccn.com/onecoin-denies-multi-billion-dollar-ponzi

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