Here's the warning translated with the lovely assistance of Google Translate:
We continue to warn about the services provided OneCoin
We continue to warn about the services provided OneCoinFinancial and Capital Market Commission (FCMC) repeatedly warns against involvement OneCoin business schemes, which at the discretion of the FCMC is modeled after the financial pyramid principles. Offers are made to engage in various Internet websites (such as www.onecoin.eu) or social sites, as well as OneCoin seminars organized in which citizens are called upon in financial transactions with unlicensed providers. For information about financial pyramids FCMC has given its website in advance (see. Http://www.fktk.lv/lv/klientu-aizsardziba/bridinajumi-par-nelicencetiem/79-2012-03-29-kas-jazina-par- financial-p.html ).
We remind people that unlicensed merchants and other similar formations are not nationally monitored and interests of the population hence are not protected. Unlicensed business, calling for investment or attracting deposits or other repayable funds is a criminal offense.
People who are not professionals in the financial services sector, but wants to invest or deposit funds, we recommend you go to your bank or an investment brokerage company with a license. Such service providers are obliged to inform about the possible risks and ensure customer risk profile of an appropriate offer.
FCMC monitor only licensed operators who have received the appropriate license for the deposit or investment attraction. Only to those service providers customers protected by the state - both as consumers and as depositors.
FCMC invites every person who wants to use financial services to make sure that the potential service provider is entitled to provide such services. Information on all licensed service providers in Latvian can be found on the Commission's homepage under '' Operators' (web page address: www.fktk.lv).
Update 11 December: Correction made: the previous warning was given in March, not in November.