OneCoin founder Ruja Ignatova to be added to FBI’s most wanted list


The FBI is set to announce that it will add OneCoin founder Ruja Ignatova to its Ten Most Wanted Fugitives list at a press conference on Thursday at 11am.

According to a statement from the US Attorney for the South District of New York, Ignatova “allegedly defraud[ed] investors of more than $4 billion through the OneCoin cryptocurrency company.”

Track live crypto price of 10000+ coins!


OneCoin’s business was built on selling educational cryptocurrency trading packages to its members, who were incentivized with commissions to sell to yet more new members. The scheme claimed its membership was as large as 3 million people during its peak, including victims across the globe.

However, it had no blockchain technology behind it and users were unable to redeem their coins for fiat or transfer it into other cryptocurrencies. Instead, those that made money from the scheme did so through recruiting new investors.

Ignatova, who holds Bulgarian and German citizenship, disappeared in late 2017. She was last seen in Athens, Greece, in the company of two Russian-speaking men. Despite attempts to locate her — including by the popular BBC podcast series “The Missing Cryptoqueen” — her whereabouts are currently unknown.

Related:  Derivatives Leader CME To Roll Out Ether Options Ahead Of Upcoming Merge Upgrade ⋆ MAXBIT

Other key figures in the OneCoin leadership have been apprehended. In 2019, the Southern District of New York charged Ignatova and others involved in OneCoin with fraud. Among them was her younger brother Konstantin Ignatov, who despite a plea deal is currently awaiting sentencing of up to 90 years in prison.

In May, Ignatova was added to Europol’s most wanted list.

 

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

About Author

Callan is a reporter for The Block based in London. She started her career at an expat magazine in southern China and has since worked for publications in China, Somaliland, Georgia and the UK. She also edits the podcast ChinaTalk.


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: