OneCoin declared legal by Ted Nuten

We have gotten to the point where the OneCoin pyramid is starting to fall apart, rumours from OneCoin affiliates claiming that getting money out is difficult, those who sell new packaged are first in line to get paid, it takes 3 months to process KYC for people to be qualified to withdraw money. All the classical signs of a pyramid scheme coming to an end.

And then, in a strange twist, Ted Nuten from Business For Home, publishes a review of OneCoin claiming to be just an honest review to show people the facts rather than the speculations. This is not the first time Ted Nuten writes about OneCoin, he have willingly promoted their business for several years now, among other publishing more or less every top earner in this business. What he don’t seem to understand is that getting paid in worthless coins don’t make you a top earners, to be a top earner you need to get paid cash, which very few in OneCoin do.

The story you can ready you self, it clearly show that Ted Nuten is heavily involved in the OneCoin business – which he is in most of the businesses he writes about.
https://www.businessforhome.org/2016/02/onecoin-facts-and-figures-without-hype/

So we have OneCoin, one of the biggest and fastest growing MLM companies in the world, sounds like a professional business of course, there is no other way when you sell for 1 billion – or is it. Well, it will be the first business ever that is declared legit using their business banking as a reference… Have Ted Nuten ever done a legit business in his life? Any business can get a bank account – and a scam can get it if they setup different companies for different banks.

Kreissparkasse Steinfurt – having a German bank account is not bad.
Is it in the name of OneCoin, of course not. The account is held in the name of International Marketing Services Pte. Ltd

Bank of Africa (T) Limited – I don’t think African accounts give you much credit, but its good to have if you scam people for money in Africa of course.
Is this account in the name of Onecoin, of course not. The account is held in the name of IMS Marketing Tanzania Limited

Lloyds TSB Bank PLC – getting a UK bank account is not easy for a business that sells coins.
Is it in the name of OneCoin, of course not. The account is held in the name of International Marketing Strategies Limited

OK, I see what you are thinking, International Marketing Strategies (IMS) is the same company name. True. But if this business manages the sales for OneCoin there is little doubt that OneCoin would be the shareholder. A simple company check on the UK company show that this LTD company is owned by Manon Wissmann. I will assume that this is Ruja Ignatova’s husband, even if the files claim that Manin is a woman. The company has a share capital of 100 pounds, nothing wrong about that, but not what most 1 billion businesses would go for.
https://beta.companieshouse.gov.uk/company/06264462/officers

Ted Nuten also spends time pointing out the people who helped build OneCoin, Juha Parhiala and Perh Karlsson. Left out is Nigel Allan, the person who travelled Asia together with Ruja Ignatova and who did all the presentations, back when she did not seem to understand much about network marketing or crypto coins. I have said it before and I will say it again, there is little doubt that Nigel Allan was one of the founders of OneCoin, maybe he was kicked out, or maybe he sits in the background now making millions, we will probably never know as OneCoin have spent a great effort to remove his name from their business history.

To end off, Ted Nuten have come up with one proof of OneCoin being a legit business, and that is that it banks with well-known banks. Now you know it, OneCoin don’t bank with any of the banks he have listed, it seem Ruja Ignatova’s husband banks with a lot of well-known banks. If it were a legit business OneCoin would be the shareholder of these companies at least, and normally bank accounts to a 1 billion euro company will be in the name of the company.

You have been warned, again.