OneCoin founder, Ruja Ignatova, who disappeared after allegedly fleeing investors up to $5 billion in 2017, was added to Europe’s most wanted list today.
‘Cryptoqueen’ Ruja Ignatova added to Europol’s most wanted list
Europol, the European Union’s Law Enforcement Cooperation Agency, offers a reward of 5,000 Euros for information that led to Ignatova’s arrest for alleged fraud for soliciting investments for OneCoin, an “actually worthless currency.”
Ignatova launched OneCoin in 2014, promising that it is a “Bitcoin killer”. Over the next few years, she raised money from investors in 175 different countries. But when OneCoin was revealed to be a Ponzi scheme in 2017, she boarded a flight to Athens and has not been seen since.
OneCoin and Ignatova are the subjects of the BBC Sounds Podcast, The Missing Cryptoqueen (currently being adapted for TV). Leaked documents to the BBC reveal that British investors bought OneCoin worth 30 million Euros in 2016. The BBC investigation also revealed that OneCoin has no blockchain.
Ignatova has evaded law enforcement, but those connected to her and OneCoin have faced charges. In 2019, Mark Scott, an attorney for OneCoin, was found guilty by the United States District Court in Manhattan of conspiracy to launder money and bank fraud.
Meanwhile, her brother, Konstantin Ignatov, pleaded guilty to fraud and money laundering before testifying against Scott during his trial. Scott is still awaiting sentencing.
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