OneCoin Controversy Continues as Churches Claim They Are Not Affiliated With The Crypto Ponzi

The Ponzi scheme and fraudulent company OneCoin continues generating controversies. This time, a church in New Zealand that was accused of participating in the scam, denies these accusations. In a recent article released by the church on Facebook, they explained that they have never participated in illegal activities.

New Zealand Church Denies Accusations

As reported by RadioNZ, this scam has been targetting the Samoan community with individuals that were using the Samoan Independent Seventh Day Adventist Church (SISDAC) to promote OneCoin. As per the reports, there have been 100 members of the congregation that invested in this coin.

Samoan authorities explained that SISDAC participated in money laundering activities but the church denies these charges. On the matter, they wrote:

“SISDAC has never knowingly participated or colluded in any way shape or form with any individual or organization in this type of illegal activity. [We are] seeking legal counsel over these matters that threaten the integrity and good standing of the church, its leadership, its missional work and the well-being of its loyal membership.”

Josh Seiuli, a pastor of the Samoa Worship Centre, explained that 500 individuals invested in OneCoin. Nonetheless, he said that as they invested before the ban to such transactions, they did not break the law.

SISDAC explained that they are currently seeking legal counsel over these matters that threaten the integrity and good standing of the church and its work. However, one of the founders of OneCoin, Konstantin Ignatov, is currently being investigated by regulatory agencies in the United States.

There have been many different kinds of scams around the world that aimed at stealing users’ funds. Due to the bull market experienced in 2017, many projects were created trying to attract new investors that wanted to place their funds in the crypto market.

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