OneCoin,
being the Ponzi scheme that it is
, was never going to risk launching in the most tightly regulated market in the world.
Despite
stringing early OneCoin investors along
with promises of a US launch, the charade was
quietly dropped
in October, 2015.
Spear-headed by Sal Leto, Maurice Katz and other affiliates, US OneCoin recruitment went underground.
While publicly OneCoin wasn’t operating in the US, through offshore shell companies and bank accounts, unofficially
US residents were still being recruited
into the scheme.
OneCoin management were of course fully aware this was going on, but money is money so they turned a blind eye to it.
Fortunately having to go through that many hoops to join an MLM opportunity sets off alarm bells in all but the most determined Ponzi scammers. And so recruitment of affiliates in the US ground to a halt.
That killed off recruitment commissions, with the situation further deteriorating when OneCoin
cancelled all Ponzi ROI withdrawals
back in January.
Unable to recruit new victims or cash out their Ponzi points, OneCoin’s US investors desperately began looking for a way out.
Enter iPro Network.
iPro Network
is basically a snapshot of OneCoin in its current state,
and
it’s accepting signups from US residents.
This didn’t go unnoticed by OneCoin’s abandoned US affiliates, who set out to strike a deal between the two companies.
In late January, US-based OneCoin affiliates held a conference call to ‘
clarify where we are and where we are going in terms of those of us in the United States
‘.
Sal Leto and Maurice Katz — our leaders at the top in the U.S. — have made an arrangement with a company which will not have the challenges we have had with OneCoin in the U.S.
That company is iPro Network, purportedly run by Armando Contreras.
Dr. Ruja is being highly cooperative in a transition.
The compensation plan is even better (although closely modeled after OneCoin).
At the time (January 2017), Sal Leto (right) was purportedly in Bulgaria to meet with OneCoin management.
Sal Leto is in Bulgaria to talk directly with Dr. Ruja regarding our future in America, so this is part of the feedback.
What you may have seen on Facebook and the internet … even a video last weekend of our OneLife CEO Pablo Munoz making a statement at last weekend’s Sweden conference that OneCoin will not be introduced into the United States.
We saw (at) the Oct 1st convention in Bangkok that OneLife was going to visit four cities in America, but things have changed.
To minimize risk to getting the IPO approved, they are not going to launch in the U.S.
This only speaks to the deception OneCoin will need to pull to get an IPO listing. The company has only announced it will apply for a listing in an Asian exchange.
This is likely to be in a country with little to no regulation of foreign companies.
From Sal Leto himself, this is apparently the deal he has struck with OneCoin management.
Onelife CEO Pablo Munoz said t
🤖 Quick Answer
Was OneCoin ever officially launched in the United States?No. Despite promising early investors a US launch, OneCoin quietly abandoned these plans in October 2015, as the company recognized the risks associated with operating in America's heavily regulated financial market.
How did OneCoin continue recruiting US residents after the official US launch was cancelled?
OneCoin recruiters operated through offshore shell companies and bank accounts to circumvent regulatory restrictions, enabling continued recruitment of US residents despite the public cessation of official operations in the country.
Who were the key figures leading underground OneCoin recruitment in the United States?
Sal Leto and Maurice Katz spearheaded US OneCoin recruitment efforts after the official launch was abandoned, organizing recruitment activities through unofficial channels and offshore structures.
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