HomeEthereumOneCoin creator, Ruja Ignatova, declared wished in Europe

OneCoin creator, Ruja Ignatova, declared wished in Europe

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

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

The company said that Ignatova

Is suspected of getting prompted buyers worldwide to take a position 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 quicker, 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 instructed a US court docket that the scheme operated as a multilevel market community rewarding members for recruiting others.

There aren’t any precise figures of how a lot was really misplaced to the scheme however some studies place the determine at round €88 million, with some saying it might be a lot increased. 

Nevertheless, the Federal Legal Police Workplace (BKA), a type of who’ve issued a search warrant for her arrest, said that “the harm brought about worldwide is more likely to quantity to a number of billion US {dollars}.” Filings within the Southern District of New York counsel this harm might be over $4 billion.

Ruja Ignatova’s brother arrested

Her brother, Konstantin Ignatov, has been arrested. Ignatov turned 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 costs. Based on Ignatov, the crypto queen has already withdrawn about €500 million from the cash raised from buyers.

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

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



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