Dear Department for Business, Energy and Industrial Strategy,

Please could you let me know:

A. What warnings you are making to the public that Onecoin is a Ponzi scheme, in the light of its description by the US Department of Justice as 'a massive pyramid fraud scheme...[intended] to defraud investors'?

B. What assessment you have made of the number of people who have invested in Onecoin in the UK?

Yours faithfully,

Rob Blackie.

FOI Requests, Department for Business, Energy and Industrial Strategy

BEIS ref: FOI2020/01383

Dear Mr Blackie

Thank you for your request for information which was received on 22nd
January. Your request has been passed on to the appropriate official at
the Department for Business, Energy and Industrial Strategy (BEIS) to
process.

Your request is being considered under the terms of the Freedom of
Information Act 2000 and we will reply at the latest by 19th February.

If you have any queries about this email, please contact the Information
Rights & Records Unit at BEIS. Please remember to quote the reference
number above in any future communications.

Kind regards,

Information Rights & Records Unit

Information Rights & Records Unit | Department for Business, Energy and
Industrial Strategy | 1 Victoria Street, London, SW1H 0ET |
www.gov.uk/beis | [email address] |

FOI Requests, Department for Business, Energy and Industrial Strategy

1 Attachment

Dear Mr Rob Blackie,

Please see attached the response to your freedom of information request, reference FOI2020/01383.

If you have any queries about this email, please contact the Information Rights Unit at BEIS.

Please remember to quote the reference number above in any future communications.

Yours sincerely,

Information Rights and Records Unit
Department for Business, Energy & Industrial Strategy
Upper Ground Floor,
1 Victoria Street
London
SW1H 0ET

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