OneCoin Founder Ruja Ignatova Added To Europol’s Most Wanted List

The infamous Onecoin founder Ruja Ignatova was recently added to Europol’s Most wanted list after she drained investors out of $5 billion in 2017 and hasn’t been seen since so let’s read more today in our latest cryptocurrency news today.

The Onecoin founder Ruja Ignatova disappeared after fleecing investors out of $5 billion in 2017 which is how she got her name on the Europol’s most wanted list. Europol is the European Union Agency for Law Enforcement Cooperation and offers 5000 EUR rewards for information leading to Ignatova’s arrest on fraud charges and soliciting investments for Onecoin which is a worthless currency.

Ignatova launched Onecoin in 2014 and promised that it was the next “Bitcoin killer.
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” in the next few years, she raised money from investors in 175 different countries but when Onecoin turned out to be a Ponzi Scheme in 2017, she fled to Athens and hasn’t been seen since. OneCoin and Ignatova were the subjects of the BBC Sound Podcast, the Missing Cryptoqueen, and the documents leaked to BBC show that the British investors bought 30 million EUR worth of Onecoin during the first half of 2016. the investigation revealed that OneCoin didn’t even have a blockchain.

Ignatova evaded law enforcement but people connected to her and Onecoin faced charges already. OneCoin’s lawyer Mark Scott was found guilty of conspiracy to commit money laundering and bank fraud by the US District Court in Manhattan. In the meantime, her brother Konstantin IGnatov pleaded guilty to fraud and money laundering as he testified against Scott in his trial so Scott is still awaiting sentencing.

As recently reported, The OneCoin lawyer Mark Scott who defended the popular scammer known as “CryptoQueen” was disbarred in New York State. He was an attorney previously for Locke Lord LLP and got banned from practicing law in New York because of his involvement in the Onecoin scam which was a fake blockchain project that lured users into investing in tokens that never existed. Federal prosecutors alleged that the scam started in 2014 and managed to make more than $4 billion from investors.

Scott was convicted for conspiracy to commit money laundering and bank fraud last November so he is now awaiting sentencing. Ruja Ignatova, the creator of OneCoin is still at large after disappearing in 2017.