OneCoin Scammers – $52,000.00
I guess when you get to sit around on the internet all day posting inspirational memes and promoting your latest scheme, it can be easy to forget that you are pitching to genuine people.
As 2 One Coin scammers in India recently found out, some targets of these schemes are willing to take matters into their own hands.
Manoj Aggarwal and Kushal Chopra are OneCoin members who are based out of New Delhi in India.
As is frequently done by OneCoin members, their pitch for OneCoin guaranteed their targets a 200% ROI through the scheme.
In September of 2016, Aggarwal and Chopra enlisted 3 New Delhi residents into their OneCoin downline.
What the scammers didn’t tell their targets (also frequently done by OneCoin members), is that pretty much no one has been able to convert their OneCoin points into money for well over 6 months.
On January 11 of this year, Kushal Chopra disappeared. On January 12, Chopra’s sister received a ransom call for Rs. 3,600,000 INR ($52,859.00 USD) and reported the matter to police as follows:
“The call details were taken out, and locations of the victim and the kidnappers were tracked, said Omvir Singh, deputy commissioner of police (east). Based on the phone locations, policy conducted raids in different areas. The accused kept changing their locations and switched off their phones after some time. However, they were finally tracked to east Delhi’s Laxmi Nagar on January 13. One of the accused, Aman, was apprehended and Kushal was rescued. On being questioned, Kushal told the cops that Pankaj and Akash had called him to meet them in Connaught Place and later took him to a hotel in Gurgaon. More raids were conducted on the basis of the information gathered from Aman, and later Pankaj and Akash were also nabbed. The men told the police that Kushal insisted that they should invest in a Bulgaria-based company, One Coin, which, they claimed, was registered under the Reserve Bank of India. Kushal then introduced them to his accomplice, Manoj, saying that he was the director of One Coin. They promised to double the deposited amount in three months. However, the three victims did not get any profit or the principal amount.”
When police probed Aggarwal, he told them that last August he had traveled to Hong Kong to meet up with OneCoin executives. He purported that they had made him Director of OneCoin in India to manage local business.
Who Aggarwal spoke to in Hong Kong is uncertain.
There is nevertheless this interested blurb from Indian police:
“A senior police officer said when they conducted a probe, they found that the company was causing huge losses to the Bulgarian government by using cryptocurrency that operates independently of a central bank.”
How they worked that out, I couldn’t say. In my opinion, I’d be more worried about losses to hundreds of thousands of victims than that of the Bulgarian government.
Chopra and Aggarwal have since been charged with double-dealing. Their victims have also been charged with kidnapping.