OneCoin creator, Ruja Ignatova, declared wished in Europe

by Cryptospacey

Europol has positioned the founding father of OneCoin cryptocurrency, Ruja Ignatova, on its listing of most wished criminals.

The European legislation enforcement company took this step in its concerted efforts to seize the “crypto queen” who’s liable for a multi-billion greenback fraud.

The company said that Ignatova

Is suspected of getting prompted traders worldwide to speculate on this nugatory “forex.”

It supplied a reward of €5,000 for any data that’ll result in the arrest of the alleged legal mastermind.

OneCoin operated as a Ponzi scheme

Ignatova disappeared from the radar in 2017 after taking a flight from Sofia to Athens, the place she was final seen with two Russian males. She created OneCoin in 2014, claiming it’ll be the token that replaces Bitcoin

“We’re the Bitcoin killer. We’re sooner, safer and cheaper,” she promised.

But it surely turned out that every one these guarantees had been false as a result of the coin didn’t even make it to the blockchain. As a substitute, she spent the cash on herself, and OneCoin turned out to be a Ponzi

Prosecutors advised a US courtroom that the scheme operated as a multilevel market community rewarding members for recruiting others.

There are not any precise figures of how a lot was truly misplaced to the scheme however some experiences place the determine at round €88 million, with some saying it could possibly be a lot increased. 

Nevertheless, the Federal Felony Police Workplace (BKA), a kind of who’ve issued a search warrant for her arrest, said that “the injury brought on worldwide is more likely to quantity to a number of billion US {dollars}.” Filings within the Southern District of New York recommend this injury could possibly be over $4 billion.

Ruja Ignatova’s brother arrested

Her brother, Konstantin Ignatov, has been arrested. Ignatov grew to become the general public face of the undertaking after his sister disappeared. He was arrested in Los Angeles in 2019 on prices of wire fraud and cryptocurrency scams.

Nevertheless, he’s at the moment serving to the FBI of their efforts to arrest his sister after pleading responsible to the fees. In keeping with Ignatov, the crypto queen has already withdrawn about €500 million from the cash raised from traders.

The BKA said that Dr. Ruja Ignatova, who has a doctorate diploma in legislation, is “doubtless the driving power and mental inventor of the supposed cryptocurrency ‘OneCoin’” and led the promotion of the nugatory coin.

The search warrant highlighted that she might have altered her look given the appreciable monetary sources in her possession.

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