- Name: Agalelei Migao
- Company: Triple DZ
- Location: Brisbane
Avoid doing business with Agalelei Migao. She is affiliated with OneCoin, a known investment scam with links to organised crime. The Australian Securities and Investments Commission (ASIC) has cautioned against doing business with OneCoin and its affiliated company OneLife. There have been over 160 arrests related to OneCoin globally and it is reported that OneCoin may have defrauded over $15 billion USD from investors. This warning aims to raise awareness in the Brisbane community of the risks associated with this scam.
OneCoin (also known as OneLife) operates a pyramid scheme that sells investment packages in an illegitimate cryptocurrency by means of educational packages comprised of plagiarized content. Ruja Ignatova, the founder of OneCoin, disappeared in 2017 after purchasing an apartment beneath a United States cooperator and learning she was being investigated by the FBI (Inner City Press). Konstantin Ignatova, Ruja’s brother and former head of OneCoin, has pled guilty to significant fraud charges in the United States and has admitted under oath that OneCoin is a fraudulent scheme (Inner City Press).
Agalelei Migao is willfully selling OneCoin packages despite knowing it is a criminal enterprise. No formal charges are yet to be laid against her personally. However, all verifiable evidence indicates she is contravening Australian law by promoting a pyramid scheme (Choice). In the event she has personally received payment on behalf of OneCoin, as many affiliates have, she is also performing money laundering offenses for a criminal organisation (BehindMLM).
If you would like to know more about OneCoin, the following resources are available: