Samoa Church Members Invested in Under Fire OneCoin

Wilfred Michael 

Wilfred Michael

News reporter

26 April 2019,
17:19
Samoa Church Members Invested in Under Fire OneCoin

Some members and ministers of the Samoa Worship Centre, a church in the Pacific nation of Samoa has come under public scrutiny after local authorities learned that some of them bought tokens from an allegedly fraudulent crypto project, OneCoin.

According to a local news agency, Radio NZ, the Central Bank of Samoa on Thursday named the prestigious worship centre as one of the two churches where members of the cryptocurrency project labelled a Ponzi-scheme by global regulators pitched their product.

An IT Engineer at the worship centre told the news publication that OneCoin representative had approached the church in the past and got a chance to speak to the congregation about their project.

The result was that several members of the congregation including ministers invested in the scheme which promised high return.

The IT Engineer named Fono Toluono said in the report that he had put in $1100 into the project, saying about others,

“A lot of people in Samoa invested in it, not just the church members. Everybody in the public."

True to his saying, the report also quoted the statement released by the Central Bank as acknowledging that several individuals were under investigation. More prominently, Samaon Money Transfer Operators will come under intense scrutiny as they seem to have aided the operation.

The Central Bank got to know of the church’s involvement through an extensive report it received from the New Zealand Police about OneCoin’s activities.

Meanwhile, as Stmarket.co reported in March, U.S authorities arrested Konstantin Ignatov and his older sister Ruja Ignatova, the founders of multi-billion market cap cryptocurrency, OneCoin.

While OneCoin continues to claim that the OneCoin cryptocurrency also known as OneLife was a safe investment, authorities believe that is only an old school pyramid scheme carried out a new school platform.

 

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