Singapore has joined a growing list of countries cracking down on the promoters of the multi-billion dollar OneCoin pyramid scheme. The Business Times reports that investigations conducted by the Singapore Police Force (SPF) hav resulted in two men being charged for promoting OneCoin cryptocurrency. One of the men also faced another charge of incorporating a firm known as One Concept Pte. The firm was allegedly used multi-level marketing techniques in promoting the fraudulent cryptocurrency. Like in other parts of the world where the OneCoin scam was perpetrated the SPF said locals were lured to take part in the scheme with
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