Alert over attending OneLife online currency scheme meeting in Cairns that’s subject of world investigations
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UNSUSPECTING Cairns residents are attending regular investment seminars where they are being lured into an online currency scheme that has become the focus of international law enforcement agencies in recent months.
Known Onecoin Leaders Minda Laureto Evens and Bruce Evens operating under Raymunda Evens - https://www.abr.business.gov.au/ABN/View/38761930762
13 intake road
Redlynch, Australia (au)
+61 427398919
Onecoin Leaders in Cairns: Priscilla May ( https://www.facebook.com/priscilla.may.39) , Bruce Evens, Steve Klaasen, Hans Sorensen
One such seminar is due to be held at a restaurant in Cairns’s Red Beret on Monday night. People will hear from up to three presenters who will spruik the opportunities of investing in OneCoin — a crypto-currency that forms the basis of the OneLife network founded by Bulgarian-based Ruja Ignatova.
OneLife recruits local people who work under a direct sales commission scheme.
Some promoters travel the country to conduct seminars in cities and regional centres.
Investors are offered “educational packages” — ranging from $258 to $43,000 — that come complete with “tokens”, according to documents seen by The Advertiser. Those tokens can then be traded for OneCoins at a later date.
It is claimed that the value of a OneCoin has risen from $0.50 since launching in 2014 to $12.45 this year and that the company will be publicly listed next year — with OneCoins able to be traded for equity.
A Cairns man, who wished to remain anonymous, went to an investment seminar last week, attended by around 40 people, at the urging of his “completely sold” friend who had already invested thousands of dollars — as had a number of her friends.
“All appeared to be unsophisticated would-be investors or hopeful speculators,” he said.
“We were encouraged to buy in quickly ... all questions were on an individual basis — a typical hard-sell approach to limit any disturbance to the positive vibes.”
Concerned a pyramid scheme was in operation, he unsuccessfully requested independently sourced material.
Italian authorities last month handed down a $3.9 million fine to a group of companies for overstating the benefits of OneCoin, according to media reports, while Indian police have arrested dozens of promoters and German regulators have frozen bank accounts worth $43 million.
A spokeswoman for the Australian Securities and Investments Commission was unaware of any seminars being held in Cairns.
She instead highlighted a general ASIC warning that said care should be taken to ensure promotional communications don’t mislead, deceive, or contain false information.
Chris Hooper, chief executive of cloud-based accountancy firm Accodex, compared the crypto-currency space to the “Wild West”.
“The lack of regulation and the amount of hype creates an environment that is rife with con artists,” he said.
ASIC Warning - https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/o/onecoin-limited
The business listed below has made unsolicited calls or sent emails about investing, financial advice, credit or loans and does not hold a current Australian Financial Services (AFS) licence or an Australian Credit Licence from ASIC.
More information on dealing with investment scams and banking and credit card scams.
OneCoin Limited
OneCoin Limited
6a "P. R. Slaveykov" Sqr.
Sofia 1000
Republic of Bulgaria
Website: www.onecoin.eu
Email: [email protected]
If you have been affected please report this to Scamwatch https://www.scamwatch.gov.au/report-a-scam
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