- The FBI is including OneCoin cofounder Ruja “CryptoQueen” Ignatova to its Ten Most Needed Checklist.
- Prosecutors imagine OneCoin defrauded buyers of greater than $4 billion.
- Ignatova disappeared in 2017; her whereabouts are nonetheless unknown.
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Ruja Ignatova has been added to the FBI’s Ten Most Needed Checklist for allegedly scamming buyers out of $4 billion by OneCoin.
Needed for $4 Billion Rip-off
The hunt for CryptoQueen is intensifying.
At present the U.S. Federal Bureau of Investigation (FBI) added Ruja Ignatova, higher identified within the crypto house as “CryptoQueen”, to its Ten Most Needed Checklist for “allegedly [defrauding] buyers of billions.” Prices in opposition to Ignatova embody conspiracy to commit wire fraud, wire fraud, conspiracy to commit cash laundering, conspiracy to commit securities fraud, and securities fraud.
The FBI is providing as much as $100,000 in reward for data resulting in Ignatova’s arrest. It warns that she could also be touring with armed bodyguards and associates.
Ignatova is the cofounder of OneCoin, a Bulgarian cryptocurrency Ponzi scheme that’s believed by prosecutors to have defrauded its victims of over $4 billion. OneCoin would promote academic buying and selling packages to buyers for as much as six-figure sums; these packages included tokens that could possibly be used to mine OneCoins. OneCoins may solely be exchanged for different currencies on the OneCoin change, which shut down with out discover in January 2017.
Ignatova was the chief of the group from 2014 to October 2017, at which level her brother Konstantin Ignatov took her place. Ignatov and one other OneCoin cofounder, Sebastian Greenwood, have been arrested in 2019 and 2018 respectively; Ignatov, who pleaded responsible to expenses just like these in opposition to Ignatova, faces as much as 90 years in jail.
Ignatova, a Bulgarian citizen, disappeared in October 2017 in Athens, Greece. The FBI believes she could possibly be touring on a German passport. She was the topic of a BBC podcast collection entitled The Lacking Cryptoqueen. She was lately added to Europol’s Most Needed Checklist as nicely.
Cash laundering and wire fraud have been persistent points throughout the crypto house. Main crypto change Binance was lately accused of letting European crime syndicates, Russian drug sellers, and North Korean hackers course of their funds by the platform.
Disclosure: On the time of writing, the writer of this piece owned ETH and several other different cryptocurrencies.