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The ‘queen of cryptocurrencies’ on the list of the 10 most wanted by the FBI • ENTER.CO

In 2014, the world was introduced to OneCoin, a company based in Bulgaria that marketed an alleged cryptocurrency under the same name. Some time later the news that Ruja Ignatova, the woman at the head of the company, had been stealing from her clients, since the currency did not exist; she there she was attributed the nickname of the ‘queen of cryptocurrencies’. Since 2017, the authorities have lost track of Ignatova; now, she is part of the FBI’s 10 most wanted fugitives.

Yesterday, the FBI announced, through its website, that the “queen of cryptocurrencies” was included in the list of the ten most wanted people by the security team. In addition, the entity offered a reward of 100,000 dollars for the person or persons who provide relevant information for the capture of the fugitive.

Ignatova started her scams in 2014. The fugitive managed to convince her clients that OneCoin was a digital currency with which they would not have losses. Even in 2019, Geoffrey S. Berman, a federal prosecutor in Manhattan, United States, claimed during an indictment that a “multi-billion dollar cryptocurrency company based entirely on lies and deceit” had been run. They promised high returns and minimal risk, but, as alleged, this business was a pyramid structure based on smoke and mirrors rather than zeros and ones. Investors fell victim while the defendants grew rich,” he added.

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Incredibly, people trusted the ‘queen of cryptocurrencies’ to the point of making bank transfers to the company to buy OneCoin packages. Ignatova is currently charged with crimes including: conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering, conspiracy to commit securities fraud, and securities fraud. It is estimated that the fugitive managed to steal at least 4,000 million dollars.

Lastly, the researchers noted that unlike other cryptocurrencies, OneCoin “had no real value.” They added that “It did not offer investors any method to track their money and it could not be used to buy anything.” Put like that, the authorities are surprised that so many people have fallen for it when they had no guarantees.

Image: FBI

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