A Caribbean-based OneCoin promoter has urged colleagues to sell more of the cryptocurrency outfit’s products in order to help its jailed CEO. | Source: Shutterstock
The promoter, known as Cordel ‘KingJayms’ James, was captured in a video suggesting that the best way to assist Konstantin Ignatov, the CEO of OneCoin who is being held in the U.S. while awaiting trial, is to “sell” the controversial cryptocurrency and related products to more people:
“To help our leader [Ignatov] you need to sell the product he cares most about. Because we have nothing to hide, we are clean.”
OneCoin Is Alive but Struggling
In an exclusive interview with CCN, a whistleblower using the Twitter handle Crypto Xpose revealed that the plea by James to fellow promoters to boost sales coincides with revenues for the Bulgarian-based cryptocurrency outfit declining sharply:
“All signs and reports inside the network indicate that network sales are slowing down. But I believe the U.S. court cases are a key factor which will start a chain reaction, and the European countries will follow. They will probably pressure Bulgaria to close the scheme down, unless there’s a total collapse before that, because not enough money comes in to run the offices and systems.”
Selflessness or Self-Interest?
James’ plea urging fellow OneCoin promoters to sell more may sound like selflessness on the surface, but it is all self-interest. According to Crypto Xpose, the OneCoin network is currently experiencing cash flow problems, making it impossible for promoters like James to receive cash bonuses.