Greenwood’s OneCoin Review- Ponzi Scheme- MLM Scam

As of this writing, Thailand’s Anti-Money Laundering Office is collecting claims from victims of OneCoin and co-founder Sebastian Greenwood.

Before we go into this, I’d want to point out that I have no knowledge of Thai law or the claims procedure.

Contact a Thai lawyer if you need help filing a claim, and you’re not sure what you’re supposed to do.

If you ask for help in the comments, you will be labeled as spam.

On February 23rd, AMLO released two papers for OneCoin victims in press release.

A “request for protection of rights” is the subject of the first paper. In the second piece, Thailand’s government has made a statement, claiming that Greenwood’s newly confiscated assets are the subject of victim claims.

According to the press release, Thailand’s anti-money laundering law dictates that submitting a request for protection of rights form is the only option to continue.

Under any other legislation, (victims) are unable to seek the recovery of lost or damaged property or compensation for their losses.

The victims must “file a claim with proof documenting the damage” (i.e. losses as a result of investing in OneCoin).

The form for requesting protection of rights asks for personal data and financial losses.

There is no “country” box on the form, which suggests that only Thai victims can make claims. Alien Identification Card numbers are necessary for non-Thai nationals.

Not claiming “expectations or benefits” is expressly stated in the form.

As a sad fact, Ponzi schemers frequently make claims for gains that never existed.

Expenditures and withdrawals are both included in the total losses. OneCoin’s affiliates aren’t losers if they make a profit (after deducting any compensation) by promoting the service.

You can file a claim until March 23rd.

Unfortunately, I’m not sure if filling out a form will result in anything.