Ruja Ignatova, also known as the Cryptoqueen, was the founder of OneCoin, a famous cryptocurrency Ponzi scheme. OneCoin was launched in 2014, and many believed it was a lego ICO to invest in.
Unfortunately, OneCoin turned out to be an MLM scheme, with Ruja collecting billions but then disappearing.
Ruja Ignatova Added To Europe’s Most Wanted List
On Wednesday, Ruja Ignatova was added to Europol’s most wanted list, with Europol offering a €5,000 reward for any information leading to her arrest.
Ruja Ignatova and OneCoin are also the basics for the BBC podcast series “The Missing Cryptoqueen.”
Ruja is suspected of being behind the project OneCoin, as well as the inventor of the project. OneCoin urged investors around the globe to invest in what’s basically a worthless cryptocurrency.
OneCoin was represented as a project that was supposed to sell educational crypto trading packages to members. However, the members were incentivized to sell the course to other members for a commission. During the peak of the scheme, OneCoin allegedly had about 3 million people from around the world.
The US prosecutors in the Southern District of New York also charged the founders of OneCoin with money laundering and wire fraud. The founders are Ruja Ignatova and Konstantin Ignatov, her brother, together with Mark Scott.
Konstantin Ignatov was arrested in March 2019, and Scott was arrested in September 2018. However, Ruja is still on the run.