Ruja Ignatova, the fugitive founder behind the One Coin crypto mission that fleeced buyers of $4 billion is reportedly in Russia in line with recent reviews.
The One Coin founder has been lacking since 2017 and repeatedly fled to Russia to keep away from extradition and a doable prolonged sentence.
Russia is the newest nation to be speculated by the press to be incubating Ignatova often known as the “Crypto Queen”. Earlier reviews cited South Africa and Germany.
$4 Billion Crypto Pyramid Scheme Rip-off
Ruja Ignatova began “One Coin” a large world crypto mission in 2014. The mission turned out to be a pyramid scheme that fleeced buyers of over $4 billion. Ignatova disappeared when the authorities got here on the lookout for her and has remained at giant since then.
Numerous reviews since her disappearance have been mere speculations with no stable proof behind them. Ignatova boarded a flight to Athens on October 25, 2017, and hasn’t been seen since then.
The One Coin mission attracted buyers from all around the world together with Nigeria and Africa.
In keeping with a Vice documentary, The mission employed an astute crew of multi-level entrepreneurs who offered the coin as the subsequent bitcoin set to revolutionize International finance.
Ruja backed up the multi-level advertising efforts with high-profile appearances that includes on the duvet of Forbes Bulgaria and talking at an occasion hosted by the Economist journal.
The Bubble burst when america Division of Justice in Early October 2017 issued a sealed arrest warrant for her. She boarded a flight to Athens and disappeared.
Alleged Ties to the Russian and Ukrainian Authorities
Frank Schneider, Ignatova’s former safety advisor, supposedly alleged that the OneCoin founder was concerned with Kremlin officers.
- Ex-Bellingcat investigator Yoran Tsalov additionally reportedly tied the crypto queen to ex-Ukrainian president Viktor Yanukovich. Yoran claimed Yanukovich was one in every of OneCoin’s monetary backers and that the crypto queen laundered cash for the ex-Ukrainian president.
- The speculations across the whereabouts of Ignatova have mounted over time with German investigators believing the fugitive is hiding in Cape City South Africa.
- Bulgarian police speculated that Ignatova who’s a Bulgarian is perhaps deceased together with her stays fastidiously disposed of. The hunt for the crypto queen continues regardless of the shallow proof about her whereabouts.
America Division issued a $5 billion bounty for any data that might result in her seize.
What to Know
- A number of years after the disappearance of Ruja Ignatova, One Coin was nonetheless working with most of the workplaces nonetheless open and buyers in Africa nonetheless shopping for the token.
- The One Coin mission rip-off stays one of many largest rogue tasks within the crypto business fleecing buyers of over $4 billion
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