Onecoin ‘Crypto Queen’ Ruja Ignatova Listed Among Europe’s Most Wanted

Ruja Ignatova, mastermind of the notorious pyramid Onecoin, is present 1 of Europe’s astir wanted fugitives. Also known arsenic the “Crypto Queen,” she disappeared astir 5 years ago, aft the Ponzi strategy she led collected billions of dollars from defrauded investors astir the world.

Europol Seeks Information connected Onecoin Inventor’s Whereabouts

The European Union Agency for Law Enforcement Cooperation, Europol, is present offering a reward of up to €5,000 ($5,200) for immoderate accusation that could pb to the apprehension of Ruja Ignatova, suspected of masterminding 1 of the largest scams successful crypto history, Onecoin.

The announcement describes Ignatova, a doc of law, arsenic the “driving unit and intelligence inventor of the alleged cryptocurrency Onecoin.” She is suspected of inducing investors each implicit the satellite to enactment wealth into “this really worthless ‘currency’,” Europol notes.

The bureau besides points retired that the fraud-related losses to the Ponzi strategy that person been established truthful acold are successful the precocious double-digit cardinal range, portion besides acknowledging that the full harm caused connected a planetary standard is apt to magnitude to respective cardinal U.S. dollars. Europol explains:

The wanted person’s whereabouts person been chartless since 25 October 2017, and she has not appeared successful nationalist since this date, neither successful transportation with OneCoin nor otherwise.

Ignatova has been accused of “fraud, including that affecting the fiscal interests of the European Communities wrong the meaning of the Convention of 26 July 1995.” The promised reward is intended lone for backstage individuals that supply important accusation astir her determination and not for officials prosecuting transgression offenses.

The Crypto Queen has been added to Europe’s Most Wanted database connected the inaugural of the German instrumentality enforcement authorities. According to an announcement published by the constabulary successful the occidental German state of North Rhine-Westphalia, the €5,000 reward has been offered by the nationalist prosecutor’s bureau successful Bielefeld.

Onecoin was launched by Bulgarian-born German nationalist Ruja Ignatova successful 2014. The project’s cryptocurrency was advertised arsenic the “Bitcoin killer” and promoted done Bulgaria-based offshore entities Onecoin Ltd., registered successful Dubai, and the Belize-incorporated Onelife Network Ltd. Both were founded by Ignatova and her spouse Sebastian Greenwood, who is present jailed successful the U.S.

Ruja’s brother, Konstantin Ignatov, who is besides a co-founder of Onecoin, was arrested successful Los Angeles successful 2019 and charged with committing fiscal crimes. He has since started cooperating with investigators moving connected the case, testified astir Onecoin’s links to organized crime, pleaded guilty, and sought witnesser protection.

In November, a lawyer representing investors urged Bulgaria to enactment connected the case, claiming the scam was inactive operating from the country. In a petition with the Bulgarian ombudsman, Jonathan Levy accused officials of failing to supply justness to the victims. He besides alleged that the Ignatovs and Onecoin entities were inactive successful power of property, crypto assets, and fiat funds exceeding €12.5 cardinal (over $13 billion).

Do you deliberation European instrumentality enforcement authorities volition negociate to find Onecoin’s laminitis Ruja Ignatova? Tell america successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.