Ruja Ignatova stands as the face of the $4 billion scam in what is now branded and known as the OneCoin Ponzi Scheme. Although put on the FBI’s 10 most wanted list of criminals, chances of finding her and being awarded the prize of $100,000 fall short. This is because Ruja Ignatova has been murdered in a criminally-ran boat in Bulgaria, and her body has been allegedly mutilated, lowering the chances of finding her remnants all the same.
The $4 billion scam of Ignatova might be an understatement for lack of further evidence, because existing speculations reach the value of $15 billion.
SHE WAS NOT ALONE
Karl Sebastian Greenwood, business partner of Ruja Ignatova has been convicted alongside her brother Konstatin Ignatov upon money laundering charges and fraudulent enterprises.
THE DANGER OF BEING BIGGER THAN BITCOIN
Onecoin was supposedly going to outdo Bitcoin and in 2016 had become the second leading cryptocurrency. Its intricate system of operating allowed its users to mine it, but OneCoin in its entirety was deemed “worthless” according to Damian Williams, the United States Attorney for the Southern District of New York.
While the better part of the prosecution may be done, Bird has stated that much of the information used came from unreliable sources received from a now murdered police officer, and drunken slurs of a supposed eyewitness.