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Key OneCoin Figure Returns With New USDT-Powered Ponzi Scheme

Le Quoc-Hung, a key determine within the infamous OneCoin Ponzi scheme, has launched a brand new crypto Ponzi scheme — OneLink

Since becoming a member of the rip-off in 2014, Quoc-Hung, also called Simon Le, allegedly recruited hundreds of buyers into OneCoin from his dwelling nation of Vietnam — earlier than turning into a major participant and recruitment ‘captain’.  

Accordinging to media outlet, BehindMLM, Le positioned himself and the captain of OneCoin’s OneLife community after the scheme’s co-founder, Konstantin Ignatov, was arrested and the next hiding of Ignatov’s sister, Ruja Ignatova.

Le then used OneLife as a platform to immediate his new rip-off, along with persevering with to solicit funding into the OneCoin rip-off. Le is believed to be hiding in both Dubai or Vietnam. 

Key OneCoin recruiter launches new funding rip-off

OneLink includes a basic Ponzi scheme, providing no merchandise for associates to promote past membership within the scheme itself.

Members make investments into OneLink utilizing the stablecoin Tether (USDT) in trade for OLX factors — with funding packages starting from $100 to $5,000 on high of a $40 membership charge. Affiliate entrepreneurs are promised 10% of the funds invested into the scheme by recruits, with residual commissions from downstream referrals additionally flaunted to draw entrepreneurs.

Associates are ranked in keeping with quantity of funding they’ll generate from victims, with Rolex watches listed among the many bonuses supplied to entice prolific entrepreneurs.

A number of main figures from the OneCoin rip-off are at the moment concerned in authorized proceedings. Co-founder, Karl Greenwood, faces a pre-trial convention in June, and OneCoin lawyer, Mark Scott, faces costs for alleged cash laundering, and an ongoing class-action lawsuit.

Crypto Ponzi schemes proceed to proliferate

Quite a few crypto Ponzi schemes have shuttered through the years, with their principal actors going into hiding. A few of these embrace Bitconnect, OneCoin, and PlusToken. Regardless of the prevalence of those scams, new schemes proceed to emerge and obtain alarming ranges of success.

AntiMatter Kingdom, a Chinese language cloud mining scheme that started working on April 1, has absorbed roughly 1,607 Bitcoin (BTC) in lower than 4 weeks.

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