The deactivated sites are registered with domain names DNS from Europe. EURid would have confirmed that at least 5 OneCoin-related websites are under legal investigation.
It was reported that several websites registered with European domain names, which are related to the OneCoin scheme, were disconnected last Tuesday, December 3rd, by the European domain registry EURid. The information on the deactivation was released by the information portal Behind MLM (Multi-Level Marketing).
According to the report, the domains registered for the OneCoin Foundation and the OneCoin Academy were suspended as part of a “legal investigation.” The process would be conducted by EURid, which is the non-profit institution accredited by the European Commission for the registration and management of the top-level domain name system (DNS) on the Internet, with the extension .eu.
It was stated that the two DNS servers that were disabled on Tuesday corresponding the websites “oneacademy.eu” and “oneworldfoundation.eu,” which have joined the main OneCoin site, “onecoin.eu”. It should be noted that the latter was taken offline last December 1st, according to the news portal.
In several countries, OneCoin has been classified as a pyramid or Ponzi scam scheme. The company has offered itself as a cryptocurrency trading and exchange service provider, with a private blockchain in which its ONE token can supposedly be mined. However, only users who participate in the development of the business of OneLife, a related network marketing company, would have access to the token for the direct sale of educational packages on cryptocurrencies and financial management.
In the report, it is noted that OneCoin Academy is a website created by OneCoin so that it would meet the premise of the educational component of its Ponzi scheme. Besides, the One World Foundation is said to have been a charity created by Ruja Ignatova, the founder of OneCoin. It is relevant to mention that the current status of the websites of both organizations is “server hold.”
EURid reported that other websites related to OneCoin, such as DealShaker and One Pay, are also under investigation. However, the deactivation of these websites has aroused expectations about the destination “onelife.eu,” which is the website used to track OneCoin affiliate investment.
Last September, a report was made on a BBC documentary about Ruja Ignatova, in which it is stated that the founder of OneCoin had persuaded investors from 175 countries and raised GBP 4 billion, only to then disappear mysteriously. The victims of this scam have been told to react if they do not want to lose their investment.
On November 14th, it became known that Konstantin Ignatova, the brother of Ruja Ignatova, had pled guilty to several charges, including money laundering and fraud through OneCoin, in a trial that he is facing in the United States. To make matters even worse, OneCoin’s lawyer, Mark Scott, was also found guilty in a New York court for laundering USD 400 million and committing bank fraud about the company, which was typified as a “massive international fraud scheme.”
By Willmen Blanco
