Reply to post: Re: Earned A Precarious Living By Taking In Each Others Laundry

OneCoin lawyer trial kicks off in NY as cryptocurrency founder remains on the lam

Southernboy

Re: Earned A Precarious Living By Taking In Each Others Laundry

The scheme was powered by MLM and yes some of the people at the top of the pyramid did make money out of it.

But a huge number of ordinary people were taken in by the promises of the returns, and have lost money which they could not afford to lose. As is often the case, it's those with the most to lose and the least resources to pursue justice who suffer.

The BBC podcast 'The Missing Crypto Queen' is an interesting and depressing listen. Try listening to the Ugandan asking the BBC presenter if he's got good news for his mother, who spent all her savings - earmarked for opening a maize store - on OneCoin. That money's never coming back.

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