Ruja Ignatova, the woman behind OneCoin whom they call the “Queen of cryptocurrencies.”

This week a podcast published by the BBC is giving what to talk about. The research has led technology expert Jamie Bartlett and producer Georgia Catt to travel through Germany, Bulgaria and Uganda on the trail of Ruja Ignatova, the woman behind OneCoin, a project designated as one of the world’s biggest scams Cryptocurrencies

The BBC documentary The Missing Cryptoqueen, has not found the self-proclaimed “queen of cryptocurrencies”, disappeared since 2017 in a mysterious way, although it has found its victims, who are in every corner of the planet. So what happened to Ruja Ignatova?

In 2014 Ruja Ignatova founded the company OneCoin. This 39-year-old woman, born in Sofia (Bulgaria), was the visible head of the company that promoted a non-existent cryptocurrency. If Ignatova knew how to do something, it was to convince people to believe in their business model, says the BBC. He adds that he took his message to half the world, and in just two years he had captured the attention of investors from all over the world, who believed in his idea.

He also says that Ignatova launched an attractive business model, supported by a great world promotion tour. With her as the main figure, he also included a talk at the Wembley football stadium, one of the biggest sports venues in England.

In that way he began to persuade investors from at least 175 countries and raised an amount close to 4,000 million pounds.

According to the BBC, Chinese citizens were able to invest more than 500 million euros, while the British were able to pay up to 115 million.

The company, with offices in Dubai and Bulgaria, was making plans to open branches worldwide. But when things seemed to be going very well for Ignatova and her company OneCoin, the woman disappeared in October 2017, almost at the same time she was accused of fraud in the US.

The businesswoman had received awards, in 2012 and 2014, in her country, qualified as “Business Woman of the Year”. However, in 2015 the Bulgarian Financial Supervision Commission had warned that OneCoin was not recognized as a financial instrument and that it was highly risky.

Later, the same year as Ignatova disappeared, the Italian National Commission for Business and Stock Exchange banned all the company’s actions, while ensuring that OneCoin used a pyramid scheme and made deceptive promotion. That is why he sanctioned them with a fine of 2.6 million euros.

Germany was then pronounced, which froze the company’s bank accounts and initiated investigations against seven OneCoin members for alleged organized fraud and money laundering. A few months later, India detained 20 people related to the firm, while other countries such as China, Bulgaria, Finland, Sweden, Norway and Latvia included the company on their watchlists.

The U.S. Department of Justice called OneCoin an outdated pyramid scheme. Despite all this, the firm still has offices in Sofia, Bulgaria, where it still allegedly sells investments in the non existent cryptocurrency.

OneCoin rejects the accusations despite the fact that its founder remains elusive. The Wikipedia page for the project agrees with the BBC’s point of view. Although it is believed that people are still investing in OneCoin, because their website is still working.

In March of this year Konstantin Ignatov, brother of Ruja Ignatova, who assumed the position of leader of OneCoin after the disappearance of the woman, was arrested at the Los Angeles International Airport, as a result of an investigation for alleged fraud. In the announcement of the arrest charges are charged for money laundering, electronic fraud and securities fraud.

Meanwhile, the victims of OneCoin are still wondering if one day the so-called cryptocurrency queen will be brought to justice.


Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. This press release is for informational purposes information does not constitute investment advice or an offer to invest.

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