By CCN Markets: Judgment day has arrived for a Samoan church that New Zealand authorities say has damning links to the notorious OneCoin cryptocurrency scam.
New Zealand, Samoa Target Church Over OneCoin Crypto Scam
According to Radio New Zealand, New Zealand’s Department of Internal Affairs is investigating the Auckland branch of the Samoan Independent Seventh Day Adventist Church (SISDAC) over investments it made in OneCoin.
SISDAC’s chief executive officer, Willie Papu, publicly confessed that the church invested $NZ3.5 million ($US 2.3 million) into OneCoin, perhaps the most infamous scam ever associated with the crypto industry.
OneCoin is not illegal in New Zealand, so the precise focus of the investigation remains unclear.
South Pacific Churches Targeted…