Ruja Ignatova, the mastermind of the infamous pyramid Onecoin, is now one of Europe’s most wanted fugitives. Also known as the “Queen of Crypto,” she nearly disappeared five years ago, after the Ponzi scheme she led collected billions of dollars from defrauded investors around the world.
Europol seeks information on whereabouts of Onecoin inventor
The European Union’s Agency for Enforcement Cooperation (Europol) is now offering a reward of up to 5,000 euros ($5,200) for any information that could lead to the arrest of Ruja Ignatova, who allegedly orchestrated one of the biggest scams in crypto history, Onecoin.
this announcement Describes J.D. Ignatova as “the driving force and intellectual inventor of the so-called cryptocurrency Onecoin.” Europol noted that she allegedly lured investors around the world to put their money into “this ‘currency’ that is virtually worthless.”
The agency also noted that fraud-related losses from the Ponzi schemes that have been established to date are in the double-digit million range, while acknowledging that the total global losses could be in the billions. Europol explained:
The whereabouts of the wanted person have not been known since October 25, 2017, and she has not been seen publicly since that date, and has nothing to do with OneCoin or otherwise.
Ignatova was charged with “fraud, including fraud affecting the economic interests of the European Community within the meaning of the 26 July 1995 Convention”. The promised reward is only for an individual who provides vital information about her location, not an officer prosecuting a criminal offense.
Crypto Queen has been added to the most wanted list in Europe at the initiative of German law enforcement.According to the announcement post The €5,000 reward offered by police in the western German state of North Rhine-Westphalia was offered by the prosecutor’s office in Bielefeld.
Onecoin was launched in 2014 by Bulgarian-born German national Ruja Ignatova. The project’s cryptocurrency is billed as a “Bitcoin Killer” and is being promoted through Dubai-registered Bulgarian offshore entities Onecoin Ltd. and Belize-registered Onelife Network Ltd.Both were founded by Ignatova and her partners Sebastian Greenwoodnow incarcerated in the U.S.
Ruja’s brother Konstantin Ignatov, who also co-founded Onecoin, was arrested in Los Angeles in 2019 and charged with financial crimes. He has since begun working with investigators investigating the case, testifying about Onecoin’s links to organized crime, pleading guilty and seeking witness protection.
In November, lawyers representing investors urge Bulgaria has acted on the case, claiming the scam is still running in the country.in a petition Along with the Bulgarian ombudsman, Jonathan Levy accused officials of failing to bring justice to victims. He also claimed that the Ignatovs and Onecoin entities still control over €12.5 billion (over $13 billion) in property, crypto assets and fiat funds.
Do you think European law enforcement will try to find Onecoin founder Ruja Ignatova? Let us know in the comments section below.
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