OneCoin Under Further Investigation By Polish Regulator
You may have noticed that OneCoin is getting a lot of hype and attention these days, and that it is being investigated by a Polish regulator.
You might have had some friends in Network Marketing approach you about OneCoin, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting OneCoin as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about OneCoin in my OneCoin Review – now you can learn all you need to know about it.
Is OneCoin really a legit business?
Is OneCoin a safe business to join?
Is it really being investigated?
Let me show you in my review of OneCoin.
Get started by reading my review below.
Exactly What Is OneCoin?
Exactly one year ago, a public inquiry was sent to Poland’s Ministry of Justice. This inquiry focused solely on the operations of OneCoin, and it sought out to determine whether or not the MLM company was breaking any laws in the country.
Shortly after this, another investigation regarding OneCoin was launched by the National Prosecutor’s Office. In this investigation, possible breaches of “unfair market practices” were discovered.
If you’ve been following OneCoin, this shouldn’t come as any surprise.
The findings from this report were quickly forward to the Office of Competition and Consumer Protection (aka UOKiK), and earlier this week, the UOKiK made an official announcement regarding what it discovered from its own investigation into OneCoin.
The Office of Competition and Consumer Protection has been investigating OneCoin for over one year, and after all of this time, it’s officially be revealed that UOKiK believes OneCoin is a pyramid scheme.
Mark Niechiala is the President of UOKiK, and on September 12, reported the following:
“Every consumer who persuades other people to buy educational packages is rewarded appropriately – a hierarchical structure is created, where payouts are possible, as long as new participants continue to be recruited.
UOKiK warns: the system developed by OneLife Network could be a pyramid because:
-The consumer buys the education package in return for material gain;
-These benefits are based on the introduction of other people into a system operated by OneLife Network.”
Additionally, Niechiala says that companies similar to OneCoin often use “illegal practices” and that they “may expose a wide circle of consumers to significant financial losses.”
Near the end of this report, Niechiala says:
“There is a particularly well-founded suspicious that the system run and Propagated by OneLife Network Ltd. based in Belize City (Belize)…is a prohibited promotional system.”
Pyramid schemes like OneCoin are considered to be illegal in Poland, but even with this being the case, it’s unknown as to whether or not further action will be taken by the UOKiK against the company and its many Polish affiliates.
With that said, another investigative report claims that proceedings taken against OneCoin and OneLife Network are currently “in progress.”
Will OneCoin get the hammer brought down on it, or will its admins get off Scott-free? We aren’t entirely sure quite yet, but I’ll keep you posted should any other major developments happen. Stay tuned!
Is OneCoin A Scam?
If you have heard that OneCoin is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is OneCoin a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My OneCoin Review
I definitely hope you have found value in my Review of OneCoin.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with OneCoin, make sure you take the time to learn how to market yourself!
My training below can help you with that.