FMA (NZ) warns against OneLife Network Limited and OneCoin Limited

Reason:
Unregulated
Content of Penalty:

REASON FOR WARNING: 

FMA Regulator (New Zealand) recommends extreme caution before investing with OneLife or OneCoin as we are concerned they bear the characteristics of a scam, including withholding client funds and promising unrealistic returns. They have received information indicating that OneLife and OneCoin are holding promotional events and seminars in New Zealand offering investment services in breach of New Zealand law. If you have invested with OneLife or OneCoin we would like to hear from you. 

FMA also notes the following warnings from overseas regulators:

Date: 12/12/2018
Link: https://fma.govt.nz/news-and-resources/warnings-and-alerts/onelife-network-limited-and-onecoin-limited/

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