Sisel Co-Founder: OneCoin is an “illegal scam”

There’s one aspect of our “community of entrepreneurs” that’s sadly lacking.

We’ve got the marketing down pat, the self-promotion, the encouragement, personal development and training is available in abundance.

But self-regulation? Not so much.

Why exactly self-regulation lags so far behind the other aspects of the MLM community is debatable, but it’s certainly noticeable inside and outside of the industry.

Despite numerous schemes blowing up within the industry these last few years, MLM’s supposed representative groups remain silent.

We didn’t hear an official peep out of the DSA and ANMP about
Zeek Rewards
and
TelexFree
, together two of the largest MLM Ponzi schemes ever.

Both were also silent on Vemma, with the DSA only issuing statements 
after
the FTC stepped in
. Why weren’t they demanding Vemma (and other DSA members) initiate genuine retail incentives 
before
regulatory agencies take action?

On the MLM blog side of things you’ve got BusinessForHome routinely publishing fluff pieces about OneCoin investors making off with thousands of dollars.

Worryingly, BusinessForHome’s blog posts do not disclose how much OneCoin or its featured investors might have 
paid for the coverage
.

Every now and then though someone in the MLM industry speaks up about its underbelly, with that someone today being Tom Mower.

Mower (right) is a co-Founder of Sisel, a personal care MLM opportunity based out Switzerland.

After purportedly being contacted by a Facebook user via a friend request, Mower sent back the following response:

I cannot find you listed as a Sisel distributor Are you? I am also very concerned about One & Bit Coin and Binary MLM companies.

I am an Icon in MLM and one of the real authoritive/experts in this industry. Bit or One Coin and Binary companies grow fast because of the false hope they portray and are by design to do this BUT are in many MLM experts and in particular mine, a monster scam and all will eventually collapse or fail.

It is almost impossible for them not to inevitably collapse!

At their demise hundreds of thousands of distributors will be damaged, some severely. Big leaders may make a lot of money but do face prosecution from the government as is now happening with some companies and could face class action lawsuits from their downlines.

I do not want anyone affiliated with these kinds of get rich quick scam MLM schemes in my company exposing good enterprising people to this clever type of scam.

I am building a multi-billion dollar a year company and want to protect and significantly improve the lives of my distributors so they can achieve permanent lifetime wealth that will always be there and increasing for them.

A Sisel business with such real worth that it can be passed down as an inheritance to their families One or Bit Coin & Binary companies do not offer this in truth and reality.

Disaster awaits for most in them and it is happening with some even now as we speak and I believe it will only get wo

🤖 Quick Answer

What did Sisel Co-Founder state about OneCoin?

Why does self-regulation remain deficient in the MLM community?
Despite numerous fraudulent schemes like Zeek Rewards, TelexFree, and Vemma, industry representative groups such as DSA and ANMP have maintained silence, failing to establish adequate self-regulatory mechanisms.

What pattern emerged regarding MLM industry responses to fraud?
Industry organizations remained silent on major Ponzi schemes until regulatory intervention by the FTC occurred, demonstrating reactive rather than proactive oversight approaches.

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