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Cryptoqueen: A woman scammed the world, then vanished

bbc.co.uk

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Re: Cryptoqueen: A woman scammed the world, then vanished

#101

Post by jeltz »

jacquesm wrote: post #60
thu2111 wrote: post #52

Earlier quoted context omitted.

You don't actually know she's dead. "Disappeared" can mean a lot of different things, depending a lot on how hard people looked and the assumptions they made.

With the number of enemies made, the fact that she stands out and the fact that she knows a lot about the higher ups the chances of her walking around free are rather low, and the chances of her sleeping with the fishes probably better than even. How she ever thought she would walk away from this all scot-free is a mystery to me.

Some people speculate that she never intended for this scam to get this big, but that she for some reason could not shut it down when it became huge (she owed shady investors too much money, she got greedy, etc).

Re: Cryptoqueen: A woman scammed the world, then vanished

#102

Post by pookeh »

imglorp wrote: post #66

The parent scam company, OneLife, still has a webpage up: https://www.onelife.eu/en however its official denial of OneCoin wrong-doing is a 503. Fortunately, that denial, a glorious work on its own, can be seen in cache: https://webcache.googleusercontent.com/search?q=cache:https:...

Seems to work for me https://www.onelife.eu/en/news/corporate-announcement

Re: Cryptoqueen: A woman scammed the world, then vanished

#104

Post by neom »

imglorp wrote: post #66

The parent scam company, OneLife, still has a webpage up: https://www.onelife.eu/en however its official denial of OneCoin wrong-doing is a 503. Fortunately, that denial, a glorious work on its own, can be seen in cache: https://webcache.googleusercontent.com/search?q=cache:https:...

some of the onelife stuff on youtube is truly mind blowing. https://www.youtube.com/watch?v=8vsYNYfhV_M

https://www.youtube.com/watch?v=LiSttmDabLc

https://www.youtube.com/watch?v=0Ab5_I_HysM

Re: Cryptoqueen: A woman scammed the world, then vanished

#106

Post by Mar_1 »

rv-de wrote: post #70

https://www.youtube.com/watch?v=638_Jpp2Rq8 :D ... cringe-inducing to the point it could gag a maggot ...

If you are ready for some more cringe, take a look how the ghu-neh-ses block for blockchain v2 was "mined" live, instantly doubling the coin balance for several million members and raising the circulating supply of OneCoin from 2 billion to 120 billions, because that's how cryptos run in the Ponzi land: https://youtu.be/1x7gur0JgkY?t=378

Re: Cryptoqueen: A woman scammed the world, then vanished

#107

Post by johnpowell »

I torrent a lot of TV shows. And American Greed popped up a lot. I always dismissed the show until they they recently did a ep on the Fyre festival. I consume every bit of media about the Fyre festival. I Watched the ep about it. Then I saw that American greed is actually one of the best shows on TV. So I set Sonarr to grab every episode. It grabbed 114 of them. And I have now watched them all all.

But 80% of the episodes deal with Ponzi schemes claiming unrealistic returns. Part of me feels bad for the people. The other part doesn't since they think they can get a 5% return a month. If you can do 5% a month wall street will toss trillions at you.

Re: Cryptoqueen: A woman scammed the world, then vanished

#108

Post by pg_is_a_butt »

pookeh wrote: post #102
imglorp wrote: post #66

The parent scam company, OneLife, still has a webpage up: https://www.onelife.eu/en however its official denial of OneCoin wrong-doing is a 503. Fortunately, that denial, a glorious work on its own, can be seen in cache: https://webcache.googleusercontent.com/search?q=cache:https:...

Seems to work for me https://www.onelife.eu/en/news/corporate-announcement

i got 503

Re: Cryptoqueen: A woman scammed the world, then vanished

#109

Post by maxh- »

helpPeople wrote: post #81
tlogan wrote: post #58

My experience with OneCoin is that people who were involved in it were shady and trying get less shady people on the board. That was back in 2016 / 2017. At least in Eastern Europe, it was going like this (translation): The "master scammer" created a platform for "wannabe scammers" to scam others. But the master is the master. Typical ponzi scheme: everybody knew but they were hoping the get bigger sucker.

My question, are there innocent stupid people? Or did every investor want a get rich quick sheme?

There are, my friend was one. They did very big events that appeared very serious in my city. If nobody taught you about MLM, and you don't have any knowledge about cryptocurrency but you definitely don't want to miss out on the next Bitcoin, I can see how you would fall for it.

Re: Cryptoqueen: A woman scammed the world, then vanished

#110

Post by est31 »

smabie wrote: post #97
kingcobraninja wrote: post #77

Earlier quoted context omitted.

Not really though because they would have a lot of trouble converting all those coins to another currency at that exchange rate. Once they started selling, demand at that price would be met and the bidding price would fall.

Sure, but mark-to-market is a commonly used method of valuing assets. Of course what you’re saying is true, but there’s nothing inherently wrong with valuing a portfolio like this. Even with real currency, you can’t directly measure value in another currency for the reasons you gave. So it’s probably just a better idea to ignore slippage and bid-ask bread when talking about value.

There is a difference though: Google isn't built on a scam. While another dot com boom isn't impossible, it's still not very likely that it will happen in the near future. So your Google cofounder with tons of Google shares can divest from them over a period of decades, building themselves a diverse portfolio. A pyramid scheme currency only has very short lived and temporary value. Thus you need to exit before the scam is detected. The faster you try to exit though, the more the effect that GP mentioned becomes relevant.

Anyways, even if she had managed to exit with a large stash of money, she'd still have to keep it out of reach from the government authorities, lawyers, etc. So even if she owned $1B momentarily, it wouldn't be of much worth to her if she (rightfully) lost it all again in 4 years plus interest. That's why criminals have such an extravagant lifestyle: they can't think long term because long term they might be in prison, killed by another criminal, etc. Same goes for rich people in authoritarian regimes: the moment they fall out of favour, their money is gone, so often they want to get it out of the country before the tides turn on them.

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