OneCoin, which has been long recognized as a ponzi scheme by the cryptocurrency community and an increasing number of governments including India and Germany, was recently declared as a ponzi scheme by Italian authorities and fined for $3 million.
Read the whole story here
https://bitconnect.co/bitcoin-news/681/onecoin-fined-for-3usd-million-in-italy-italian-authorities-declare/
Note ; With permission from the source