FBI Adds OneCoin Founder Ruja Ignatova to Its Most Wanted List
Ignatova is accused of defrauding investors out of more than $4 billion via a crypto Ponzi scheme.
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Jun 30, 2022 at 2:45 p.m. UTC
Jun 30, 2022
OneCoin
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OneCoin was a digital currency scheme widely recognized as a fraudulent Ponzi scheme. Founded by Ruja Ignatova in 2014, it was marketed as a cryptocurrency, but in reality, lacked the fundamental blockchain technology characteristic of genuine cryptocurrencies. Instead of functioning as a decentralized ledger, OneCoin's transactions and coin creation were internally managed and opaque. The scheme promised significant returns and incentivized existing investors to recruit new participants. It garnered billions worldwide before authorities exposed its operations. The OneCoin scandal highlighted the risks of emerging digital currencies and the importance of thorough due diligence in the cryptocurrency sector.
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Seychelles Police Asked to Probe Transfer of 230K Bitcoin Linked to OneCoin Scam
Police have received documents requesting an investigation into multiple transactions, which included cash and property worth more than $10 billion.
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Sep 2, 2021 at 11:48 a.m. UTC
Sep 2, 2021
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$4B Ponzi Scheme OneCoin and ‘CryptoQueen’ Leader Found in Default in US Lawsuit
Ruga Ignatova and her company failed to respond to the case, according to court documents.
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May 18, 2021 at 9:32 a.m. UTC
May 18, 2021
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OneCoin Investors Allege BNY Mellon Aided $4B Fraud
Following the publication of the FinCEN Files on Monday, investors suing OneCoin have now added allegations against BNY Mellon to their lawsuit.
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Sep 25, 2020 at 11:55 a.m. UTC
Sep 25, 2020
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FinCEN Files: BNY Mellon Processed $137M for Entities Linked to OneCoin
The leaked "FinCEN files" show BNY Mellon flagged a $30 million purported loan that it helped wire as one suspected case of OneCoin laundering funds.
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Sep 21, 2020 at 10:37 a.m. UTC
Sep 21, 2020
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US Moves to Seize $400M From Convicted OneCoin Money Launderer
The U.S. Department of Justice wants an attorney to hand over the massive sum he helped launder for the OneCoin scheme.
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Sep 2, 2020 at 10:12 a.m. UTC
Sep 2, 2020
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Promoters of Crypto Ponzi Scheme OneCoin Murdered in Mexico
Two promoters of the crypto Ponzi scheme OneCoin were found dead in Mexico last month.
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Jul 15, 2020 at 9:53 a.m. UTC
Jul 15, 2020
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FBI Report on Laundering by Private Funds Cites OneCoin Fraud in All but Name
OneCoin, an infamous crypto fraud, makes an uncredited cameo in a leaked FBI intelligence bulletin on the money-laundering risks of investment funds.
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Jul 15, 2020 at 8:31 a.m. UTC
Jul 15, 2020
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Alleged Leader of OneCoin Ponzi Has Sentencing for Money Laundering Adjourned
Konstantin Ignatov has again had his sentencing date adjourned while he continues to cooperate with U.S. prosecutors.
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Jul 8, 2020 at 8:23 a.m. UTC
Jul 8, 2020
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Singapore Man Fined $72K for Promoting Crypto Ponzi OneCoin
Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.
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Jul 3, 2020 at 8:23 a.m. UTC
Jul 3, 2020