Following their departure from OneCoin, Veselina Valkova and Habib Zahid are gearing as much as launch a clone of their very own.
Particulars on Circle of Finance (aka Invicta) are at present sketchy, however right here’s what we all know.
Particulars of Circle of Finance and Invicta first surfaced final November.
The corporate, the precise identify of which we’re undecided of but, is purportedly included as TradeInvicta in Estonia.
Not that which means something, because it’s a shell firm registration that exists in identify solely.
TradeInvicta was arrange by Heaven Make investments, who supply all-inclusive firm formation in Estonia beginning at €1800 EUR.
The house owners of TradeInvicta are Veselina Valkova and Habib Zahid.
Habib Zahid is a former prime OneCoin Ponzi recruiter. Veselina Valkova is a way more murky determine.
Valkova (proper) is believed to be amongst Ruja Ignatova’s OneCoin inside circle. She is believed to be one of many key figures behind OneCoin’s operation, particularly after Ignatova went into hiding in October 2017.
Valkova prefers to function scams from the shadows. You received’t discover her on social media or on stage at advertising and marketing occasions.
Replace 1st February 2020 – I’ve been knowledgeable Valkova wasn’t a part of Ruja’s inner-circle. She labored for OneCoin company however wasn’t a part of “senior administration”.
This locations her not a lot up the OneCoin meals chain over Zahid. /finish replace
Since final November issues have been quietly brewing. We’ve been holding off publishing something until I felt this was greater than one other failed OneCoin resurrection.
On the time of publication we’re undecided whether or not Valkova’s and Zahid’s scheme will go by Invicta or Circle of Finance. At current each are getting used interchangeably.
OneCoin had a ship load of shell firms hooked up to it, and Valkova seems to need to replicate that construction.
For the sake of simplicity we’ll go along with Circle of Finance.
Twelve hours in the past a video was printed to the official Circle of Finance YouTube channel.
It’s largely inventory footage with a employed voiceover, however there are some nuggets.
At [0:26] we are able to see Circle of Finance encompasses foreign exchange, community advertising and marketing, e-commerce, cost processing and alternate & remittances.
These are all rehashed OneCoin concepts, apart from alternate & remittances.
The explanation OneCoin by no means initiated a public alternate is as a result of it could have prematurely killed off the Ponzi scheme.
The identical is true of Circle of Finance, so deal with it as nothing greater than a advertising and marketing level for now.
It’s no secret anybody nonetheless left in OneCoin isn’t the brightest. Many of those traders have satisfied themselves the launch of an alternate will magically permit them to recoup their losses.
Circle of Finance primarily targets these OneCoin traders. It’s the one motive an alternate is talked about in any respect.
A public alternate takes some management outdoors of Valkova’s palms. Her time working OneCoin would have taught right here it’s a lot simpler to run a rip-off while you management the whole lot, right down to who pays what to who and when.
As for foreign exchange, that seems to be the ruse Circle of Finance plans to make use of to solicit funding.
Fairly commonplace for an MLM crypto Ponzi scheme.
Standing by to funnel victims into Circle of Finance are admins of one of many largest OneCoin Fb teams.
Boasting 26,388 members, the group “ONECOIN EXCHANGE/UPDATES OFFICIAL CHANNEL” was renamed “Circle of Finance” on January twenty fourth.
Admins of the group embody creator Habib Abdul Rehman (aka Habib Ur Rehman Zahid), Daniel Pérez Faustinelli, Faualii Sina Apineru, Damien Barnes, Quini Amores, Arto Ylitalo, Yourmos Pob, Dusan Torbica and Peter Hjelte.
Issues haven’t fairly taken off but, as there’s solely been three posts made to the group over the past thirty days.
If Zahid and Valkova handle to get Circle of Finance and Invicta off the bottom, we’ll in fact publish a full assessment to maintain authorities and the general public knowledgeable.
Pending the discharge of additional info, keep tuned…
Replace 1st Februar 2020 – Nicely that didn’t final lengthy. As of January twenty ninth TradeInvicta in Estonia isn’t any extra.
That doesn’t imply Zahid and Valkova aren’t going to launch Circle of Finance and Invicta, simply that we’re spared from “however what concerning the Estonia license?” pseudo-compliance.
Replace 4th April 2020 – BehindMLM has printed an entire Circle of Finance assessment.