Ponzi Scheme Victims react in different ways. Some seek recompense and justice while others seek community with other victims. Others just stay silent.
In the case of one victim of OneCoin’s alleged Ponzi cryptocurrency scheme, some prefer to lash out at other victims. Jen McAdam, a 49 year old UK based cryptocurrency investor, went on BBC’s Cryptoqueen podcast to talk about her experience – she lost thousands to OneCoin.
Listeners were upset and unhappy with her account of OneCoin’s history, resorting to threats of sexual violence and death. McAdam has reported these threats to the Scottish Police, saying:
“It is horrible, the abuse is vile and the threats feel very real to me, I’m always looking over my shoulder now.It is taking its toll on my health but I will not give up until me and the thousands of other OneCoin victims like me see some form of justice.”
McAdam admitted on the show that she lost 8000 pounds personally to OneCoin, but her friends and family have lost even more – almost as much as 220,000 pounds. None of them are able to get their money back at this point. “I know through the different victims’ groups around the world that it is people just like me who are affected,” she said.
“They invested their life savings, they remortgaged homes and they convinced their friends and family to get involved—and they feel as awful as I do about it all because we were all duped.”
OneCoin’s leaders are currently facing prosecution and or running from the law. They insist, however, that they weren’t a Ponzi Scheme. US Prosecutors are continuing to get to the bottom of the case, going after Irish banks that may have helped the cryptocurrency project launder money. But US prosecutors won’t be able to help McAdam with her harassers or other victims.
With comments like “Just know onecoin [sic] is real though genuine we have to go step by step to reach on the victory it’s no like other coins….”, it would appear that some investors feel threatened by her story, and still hold out hope that OneCoin will rally eventually.
Our own Kurt Wuckert Jr. has this to say about schemes that detract from the larger picture of Cryptocurrency:
“As analysts of the cryptocurrency space, we have often been derided as “spreading FUD,” and earned a reputation for being critical of the total lack of professionalism in the emerging crypto economy. But the fact remains that scams and scammers are NOT edge cases. Rather, they are the norm and real people are getting hurt around the globe by promises from developers and the real investors in these small projects: the venture capitalists. Average people are being told that they are investors when they are little more than holders of a valueless token with no real-world utility. The biggest problem is that when the markets turn against these sham projects, token holders, in a state of disbelief, tend to flare up with a case of rabid Stockholm Syndrome, whereby they are defending the scam in which they are entangled.Watching the victims defend their oppressors is heart breaking, and it’s incumbent upon all of us to point out that most “FUD” is genuine, valid and critical exposition about projects that were designed to take money from ignorant investors and line the pockets of insiders.”
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