alexchia01
Senior Member
- Joined
- Jan 24, 2013
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Just to inform everyone here that there is a new scam running in Singapore now.
The company is called OneLife and their product is OneCoin.
This company is promoting OneCoin as a digital currency, but their system is MLM style. However, unlike other MLM products, their coins are unless and you can't buy anything with them and you can't convert them back to normal currency as they stated.
Many people have already loss thousands of dollars to this scam and got their money stuck in there. And when they start speaking up in the public, their accounts were closed without any explanation.
Recently, this scam has reach Singapore and they are quite aggressive with their promotion here. I already know some Singaporean got suck into them. They paid EU$3k to EU$7k to join the program and in a few months time, their account shows they already made EU$250k. But when they try to cash out, there is no way to get their money out. The profit is just for show only.
The company just started in 2015, but their owners are known to operate similar scams in the past. To date, they are investigated by various government agencies around the world and their "CEO" is wanted by the China police. She'll be arrested if she step back into China again. OneCoin has just got listed in the MAS Investor Alert List.
You have been Warned.
The company is called OneLife and their product is OneCoin.
This company is promoting OneCoin as a digital currency, but their system is MLM style. However, unlike other MLM products, their coins are unless and you can't buy anything with them and you can't convert them back to normal currency as they stated.
Many people have already loss thousands of dollars to this scam and got their money stuck in there. And when they start speaking up in the public, their accounts were closed without any explanation.
Recently, this scam has reach Singapore and they are quite aggressive with their promotion here. I already know some Singaporean got suck into them. They paid EU$3k to EU$7k to join the program and in a few months time, their account shows they already made EU$250k. But when they try to cash out, there is no way to get their money out. The profit is just for show only.
The company just started in 2015, but their owners are known to operate similar scams in the past. To date, they are investigated by various government agencies around the world and their "CEO" is wanted by the China police. She'll be arrested if she step back into China again. OneCoin has just got listed in the MAS Investor Alert List.
You have been Warned.
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