Building on claims by US affiliates that 
OneCoin is going to open up 184 banks
last month, a Finnish affiliate recently announced OneCoin’s acquisition of an actual bank.

On the 13th of October the website “OneCoin-Finland”, quoting “country manager” Tommi Vuorinen, wrote:

The Company (OneCoin) has acquired its own bank, see the Hermes Bank, hermesbankonline.com.

This allows for the future of global banking services significantly the existing players in the sector at lower cost.

As per Hermes Bank’s website, they are incorporated in Saint Lucia and offer

banking solutions in accordance with internationally recognised principles and banking standards.

In an attempt to verify Vuorinen’s claim, a Daily Exposed reader reached out to Hermes Bank.

On the 14th of October the following email was sent to Hermes Bank customer service:

Hi who owns this bank? I have head that Onecoin (and) Ruja Ignatova have bought this bank, is that true? Thank you.

Hermes Bank customer service were quick to respond, with the following sent back within a few hours (emphasis verbatim):

Dear Sir,

Please be informed that the below information
is not valid
. Our Bank
never had
any negotiations with Onecoin.

Kind Regards,

Customer Service Representative

Despite appearing to be false, Vuorinen’s claim has since been syndicated on a OneCoin Wiki website, the Facebook page of the same, a Finnish forum discussing OneCoin, Russian social networking site VK and a number of other Russian-language websites.

Where Vuorinen himself got the information that OneCoin had purportedly bought Hermes Bank from is unclear.

🤖 Quick Answer

Did OneCoin acquire Hermes Bank as claimed by Finnish affiliates?
OneCoin affiliates claimed the company acquired Hermes Bank in October. However, verification attempts by independent sources raised questions about the legitimacy of this claim. Hermes Bank, incorporated in Saint Lucia, offered banking services but no official confirmation of OneCoin's acquisition emerged from independent sources.

What was Hermes Bank's regulatory status?
Hermes Bank was incorporated in Saint Lucia and stated it operated according to internationally recognized banking principles and standards. However, its regulatory oversight remained unclear, as Saint Lucia's banking regulations differed significantly from major jurisdictions, raising concerns about legitimacy and customer protection standards.

How did OneCoin affiliates promote the bank acquisition claim?
Finnish OneCoin affiliate "country manager" Tommi Vuorinen announced the acquisition on the OneCoin-Finland website on October 13th

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