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Onecoin ‘Crypto Queen’ Ruja Ignatova Listed Amongst Europe’s Most Needed – Bitcoin Information

Ruja Ignatova, mastermind of the infamous pyramid Onecoin, is now certainly one of Europe’s most needed fugitives. Also referred to as the “Crypto Queen,” she disappeared virtually 5 years in the past, after the Ponzi scheme she led collected billions of {dollars} from defrauded traders world wide.

Europol Seeks Data on Onecoin Inventor’s Whereabouts

The European Union Company for Regulation Enforcement Cooperation, Europol, is now providing a reward of as much as €5,000 ($5,200) for any data that would result in the arrest of Ruja Ignatova, suspected of masterminding one of many largest scams in crypto historical past, Onecoin.

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

The announcement describes Ignatova, a physician of regulation, because the “driving power and mental inventor of the alleged cryptocurrency Onecoin.” She is suspected of inducing traders all around the world to place cash into “this truly nugatory ‘foreign money’,” Europol notes.

The company additionally factors out that the fraud-related losses to the Ponzi scheme which were established thus far are within the higher double-digit million vary, whereas additionally acknowledging that the full harm brought on on a worldwide scale is more likely to quantity to a number of billion U.S. {dollars}. Europol explains:

The needed individual’s whereabouts have been unknown since 25 October 2017, and he or she has not appeared in public since this date, neither in reference to OneCoin nor in any other case.

Ignatova has been accused of “fraud, together with that affecting the monetary pursuits of the European Communities throughout the which means of the Conference of 26 July 1995.” The promised reward is meant just for personal people that present essential details about her location and never for officers prosecuting legal offenses.

The Crypto Queen has been added to Europe’s Most Needed checklist on the initiative of the German regulation enforcement authorities. In line with an announcement published by the police within the western German province of North Rhine-Westphalia, the €5,000 reward has been provided by the general public prosecutor’s workplace in Bielefeld.

Onecoin was launched by Bulgarian-born German nationwide Ruja Ignatova in 2014. The venture’s cryptocurrency was marketed because the “Bitcoin killer” and promoted by means of Bulgaria-based offshore entities Onecoin Ltd., registered in Dubai, and the Belize-incorporated Onelife Community Ltd. Each have been based by Ignatova and her associate Sebastian Greenwood, who’s now jailed within the U.S.

Ruja’s brother, Konstantin Ignatov, who can be a co-founder of Onecoin, was arrested in Los Angeles in 2019 and charged with committing monetary crimes. He has since began cooperating with investigators engaged on the case, testified about Onecoin’s hyperlinks to organized crime, pleaded responsible, and sought witness safety.

In November, a lawyer representing traders urged Bulgaria to behave on the case, claiming the rip-off was nonetheless working from the nation. In a petition with the Bulgarian ombudsman, Jonathan Levy accused officers of failing to supply justice to the victims. He additionally alleged that the Ignatovs and Onecoin entities have been nonetheless answerable for property, crypto belongings, and fiat funds exceeding €12.5 billion (over $13 billion).

Tags on this story
Arrest, Bitcoin, Bulgaria, bulgarian, co-founder, Crypto, Cryptocurrencies, Cryptocurrency, Europol, financial pyramid, founder, Fraud, german, Germany, Ignatova, Investigation, Investors, List, Mastermind, most wanted, Onecoin, Police, Ponzi Scheme, Pyramid, reward, Ruja Ignatova, Scam

Do you assume European regulation enforcement authorities will handle to find Onecoin’s founder Ruja Ignatova? Inform us within the feedback part under.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Jap Europe who likes Hitchens’s quote: “Being a author is what I’m, relatively than what I do.” In addition to crypto, blockchain and fintech, worldwide politics and economics are two different sources of inspiration.

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