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Judgment Day: Crypto-Shilling Church Pays Mark for OneCoin Scam Link

Judgment Day: Crypto-Shilling Church Pays Mark for OneCoin Scam Link
A crypto-shilling Samoan church is paying the price for its link to the OneCoin scam, as it is now the subject of a New Zealand probe. | Source: Shutterstock. Image Edited by CCN. By CCN Markets: Judgment day has arrived for a Samoan church that New Zealand authorities say has damning links to the notorious OneCoin…
onecoin scam, crypto

A crypto-shilling Samoan church is paying the tag for its link to the OneCoin scam, because it’s now the topic of a Sleek Zealand probe. | Offer: Shutterstock. Teach Edited by CCN.

By CCN Markets: Judgment day has arrived for a Samoan church that Sleek Zealand authorities order has damning hyperlinks to the notorious OneCoin cryptocurrency scam.

Sleek Zealand, Samoa Procedure Church Over OneCoin Crypto Scam

Based solely solely on Radio Sleek Zealand, Sleek Zealand’s Division of Internal Affairs is investigating the Auckland division of the Samoan Self reliant Seventh Day Adventist Church (SISDAC) over investments it made in OneCoin.

SISDAC’s chief executive officer, Willie Papu, publicly confessed that the church invested $NZ3.5 million ($US 2.3 million) into OneCoin, maybe the most sinful scam ever linked with the crypto replace.

OneCoin is no longer illegal in Sleek Zealand, so the right kind point of curiosity of the investigation stays unclear.

South Pacific Church buildings Centered in Billion-Dollar Cryptocurrency Scam. Chuffed to net contributed to this text to warn that execrable actors love this behind the mass adoption of cryptocurrencis, which is why most of us will utilize regulated cryptos first.

— Edmund Moy (@EdmundCMoy) May maybe furthermore 9, 2019

The Samoan church became as soon as already the discipline of a probe by the Central Bank of Samoa.

This became as soon as over suspicion that they’d violated the nation’s anti-cash laundering guidelines by helping OneCoin funnel hundreds and hundreds into the nation. It’s illegal to net or sell OneCoin in Samoa.

In unhurried April, the organization’s global executive secretary, Pastor Iafeta Masipau, claimed that excellent the Sleek Zealand division became as soon as eager with OneCoin and no longer the Samoan division:

“The (S.I.S.D.A.C.) church in Sleek Zealand is eager nonetheless no longer us in Samoa,” he talked about, adding that “there is at threat of be some participants from the church (contributors)” that invested in the cryptocurrency scam.

The denials got here even as experiences printed that the bank accounts of SISDAC’s Samoan division had been explicitly targeted in connection with the cash laundering probe.

OneCoin’s Perverted Missionary Run to Africa

Besides Samoa and Sleek Zealand, OneCoin also shilled its cryptocurrency scam to church buildings in Africa, alongside with Uganda’s OneLight Church.

In traditional pyramid design vogue, contributors of OneLight Church had been lured with promises of high unrealistic returns that would turn their lives round. Who delivered the pitch? None totally different than OneCoin chief Konstantin Ignatov.

Ignatov became as soon as later arrested by U.S. authorities.

Crypto Scamster Stands Trial in Sleek York

Final month, Ignatov entered a no longer responsible plea in a Sleek York court docket on charges of wire fraud.

After his arrest, OneCoin issued an unsigned assertion on its web space urging the click to:

“chorus from speculation and judgment on the U.S. investigation until extra files turns into on hand.”

Whereas OneCoin perceived to be taking discipline with the “scam” ticket, there are several inaccuracies or deceptive statements on its web space that raise suspicions about its already-tarnished credibility. Shall we order, its FAQ page states OneCoin became as soon as the “2d greatest” cryptocurrency on this planet in 2016.


OneCoin’s boast that it became as soon as the 2nd greatest crypto asset by market cap in February 2016 | Offer: OneCoin.european

At no time has OneCoin accomplished this feat.

For starters, it is no longer listed on any authentic crypto alternate. There’s a straightforward reason for this: the “cryptocurrency” does no longer exist on any public and verifiable blockchain.

About The Author

Imprint Emem

After phrases, numbers are my totally different be pleased… largely when they are going up and they’ve nothing to enact with taxes or prices. That makes green my favorite coloration! Be conscious me @cointributor or email me at kointributor[at]

This text became as soon as edited by Josiah Wilmoth.

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