Who is Ruja Ignatova? The self-styled ‘cryptoqueen’ who conned millions


RIYADH: She is needed in reference to an alleged US$4bil (RM17.71bil) fraud case, and now, the self-proclaimed ‘Cryptoqueen’ Ruja Ignatova, has discovered herself on the Federal Bureau of Investigation’s high ten most needed fugitives record.

The US law-enforcement physique is even providing a US$100,000 (RM442,700) reward for info resulting in her arrest, prompting Internet detectives — dubbed ‘netizens’ — to seek for clues for her whereabouts.

Who is Ruja Ignatova?

The Bulgarian-born Ignatova based cryptocurrency OneCoin in 2014. Within two years, it had over three million members worldwide.

According to investigators, Ignatova’s Bulgarian-based undertaking had no blockchain securing transactions and cash have been minted out of skinny air, not like widespread cryptocurrencies like Bitcoin that are secured by a worldwide community of miners who preserve a public ledger, also referred to as the blockchain.

The FBI states that Ignatova allegedly made false statements and representations to people to be able to solicit investments in OneCoin, which lastly resulted in a US$4bil fraud case.

“She allegedly instructed victims to transmit funding funds to OneCoin accounts to be able to buy OneCoin packages, inflicting victims to ship wire transfers representing these investments. Throughout the scheme, OneCoin is believed to have defrauded victims out of greater than US$4bil,” in accordance with the FBI’s web site.

Where is Ignatova?

Amid these allegations, Ignatova was charged within the US District Court, Southern District of New York and a federal warrant was issued for her arrest on October 12, 2017.

Later, in February 2018, a superseding indictment was issued, and it charged Ignatova with one depend every of conspiracy to commit wire fraud, cash laundering, and securities fraud.

According to the FBI, Ignatova could have travelled from Sofia in Bulgaria to the Greek capital of Athens. Since then, she has absconded, and the FBI suspects that Ignatova might need travelled on a German passport to Bulgaria, Germany, Russia, Greece and/or Eastern Europe.

The FBI requested individuals inform her whereabouts to the bureau at suggestions.fbi.gov. – Arab News, Jeddah, Saudi Arabia/Tribune News Service

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