Ep05- MLM – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast
29 Octubre 2022 - 3:50PM
NEWSBTC
It was about time that MLM made an appearance. Multi-Level
Marketing explains a lot about the OneCoin story. In this ONE-HOUR
episode of “The Missing Cryptoqueen,” we’ll learn about the secret
ingredient that catapulted Dr. Ruja from the millions to the
billions. We’ll meet interesting people and the plot will thicken.
Also, the size of the OneCoin scam will increase significantly.
This thing gets bigger by the episode, which is what makes the show
so entertaining. What a clusterfuck this was. Related Reading:
Cardano Price Misses Fireworks On Its Birthday, How Far Will ADA
Fall? It begins by answering the question posed in episode 4. Could
an unrecognizable version of Dr. Ruja have been in attendance at
the Miss OneLife beauty pageant? The production team shows a UK
plastic surgeon pictures from the event. There was a person with
OneCoin’s main directors that they suspect might’ve been Ruja
Ignatova. He hesitates, but when Jamie Bartlett tells him that the
person they’re looking for is a billionaire with an infinite
budget, he changes his mind. “It’s possible, those things can be
changed,” he says. That being settled, let’s get into MLM.
Remember, you can download episodes directly from the BBC, or
listen to “The Missing Cryptoqueen” through Apple, Spotify, or
iVoox. About MLM And “The Missing Cryptoqueen,” Episode Five –
“What Dreams May Come” This episode’s protagonist was the #1 seller
of OneCoin at one point. He’s a professional multi-level marketer
with an army of professional MLM salespersons at his disposal. His
house is called “What Dreams May Come,” which inspired the
episode’s title. This man’s tongue is the main reason this episode
is one hour long. His stories are phenomenal, everyone should
listen to them. Especially considering we’re going to skip them and
stick to the core story. So, network marketing, MLM, or multi-level
marketing is the missing ingredient. When this man’s company
started working for OneCoin, they put an army of top-level
marketers to push the product. And it sold like hotcakes. “In the
first year, it made more millionaires than Amway ever did in their
75 years of history,” he claims. The kicker to this part of the
story is that the MLM marketer alleges that he believed Dr. Ruja
and put more money into OneCoin than anyone on earth. According to
the released FBI documents we found last time, Dr. Ruja and company
called this operation “The B*tch of Wall Street meets MLM.” You
can’t make this stuff up. In an archival audio file, we hear her
announce that OneCoin was going to inflate the supply 10X and the
crowd cheered. Then, contradicting every economic law, she told
them that the more OneCoin there were, the best it was for them.
They Cheered. Then, by decree, she doubled the amount of OneCoin
everyone had in their vaults. People lost their minds. Besides MLM,
two of the most mind-blowing revelations the episode contains are
in the following quotes. Quotes From “The Missing Cryptoqueen,”
Episode Five – “What Dreams May Come” Tim Curry, OneCoin critic,
said: “The math of this is just completely ridiculous. Every minute
50,000 OneCoins are mined, right? Now, the value of those at
today’s “price” of €29.95 would be €1.5 million a minute, is what
they’re claiming right? And per hour, that’s €89.85 million. And
then, per day, they’re creating €2.15 billion out of thin air,
right? And so, the logic of it is just ridiculous. Now, if you
follow how many coins have been mined for the first quote
“Blockchain.” And then, from October 1 to present, it’s nearing
about 70 billion coins. If we take 70 billion coins and multiply
that by the internal price of 29.95, you’re looking at, I think
it’s like $1.8 trillion or $2.1 trillion. Which is greater than all
of the US dollars in circulation on earth, which is about $1.67
trillion.” About the fact that OneCoin did have a certificate
saying they were Shariah-compliant that was issued from Pakistan,
Amjad Mohammed, scholar from Bradford and OneCoin critic, said:
“What Sharia compliant is supposed to mean, is that somebody has
carried out thorough research, gone through all the conditions,
gone through all the terms with a fine tooth comb. There was no
evidence of any research whatsoever. It was just a blank
certificate saying “this is okay.” Amjad issued a fatwa against
this, a ruling that OneCoin was not halal. And then, “within weeks,
the conditions which I had highlighted as being problematic
changed. So, clearly, somebody was keeping a watching brief of what
I was doing because I only picked a couple in the initial fatwa.
However, OneCoin does not actually exist. So, I can easily make any
form of conditions for something, when the actual thing does not
exist. It’s a fraud.” MLM And The Perfect Scam Near the end, Jamie
Bartlett reflects on the story so far: “There’s something strangely
beautiful about the OneCoin scam. It’s like the perfect scam. It
combines the hype and terminology of cryptocurrencies and the
hard-nosed MLM selling of people like Igor Alberts. It uses
glamorous events and household brands to create the veneer of
respectability and protects it with a religious-like zeal. And who
could ever doubt the intentions of the trustworthy Dr. Ruja.” The
cult-like aspects of the whole ordeal are ever-present in this
episode. The whistleblowers tell the producers about the death
threats they get like it’s nothing. For people inside of OneCoin,
they’re traitors of the highest order. For these religious zealots,
Dr. Ruja is still running the whole operation from the shadows, and
the people that want to silence her are just jealous
“haters.” Related Reading: Sam Bankman-Fried Eyes On Bidding
For Celsius Assets Before finishing, Jamie Bartlett explores the
idea that, when it mixed with MLM, the OneCoin operation got too
big. Maybe Dr. Ruja was scared, as she seems to show in an alleged
email. Apparently, this was supposed to be a little scam, but it
caught fire. And Dr. Ruja’s backers were not going to let a golden
goose die. Episode Credits Presenter: Jamie Bartlett Producer:
Georgia Catt Story consultant: Chris Berube Editor: Philip Sellars
Original music and sound design: Phil Channell Original music and
vocals: Dessislava Stefanova and the London Bulgarian Choir
Previous Companion Guides For BBC’s “The Missing Cryptoqueen”
Podcast: Ep. 01 –
https://www.newsbtc.com/news/bitcoin/ep01-dr-ruja-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 02 –
https://www.newsbtc.com/news/bitcoin/ep02-btc-killer-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 03 –
https://www.newsbtc.com/altcoin/ep03-onecoin-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
Ep. 04 –
https://www.newsbtc.com/scams-and-fraud/ep04-onelife-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/
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