Indian police have said OneCoin is a “clear Ponzi scheme” as they prepare to charge original figurehead Ruja Ignatova and others.
In reports relayed by local news source Indian Express, Tushar Doshi, Deputy Commissioner of Police in Mumbai, said that so far 23 people were arrested in connection with OneCoin operations in India.
“In this sort of scheme, investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme,” he told the publication.
Doshi’s comments are the most direct suggestion yet from official sources that OneCoin is a Ponzi scheme, the outfit forcefully denying previous accusations alleging the same.
Full story at http://bit.ly/2udrgCq
Source: CoinTelegraph
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