#CryptoQueen

[ladookhotnikov]

20 Years for Ponzi

Karl Sebastian Greenwood, one of the founders of OneCoin,  a large-scale crypto-pyramid of Ponzi, is condemned in New York.

Perhaps it was the most detective of all crypto business detective stories. It is believed that the Bulgarian citizen Ruja Ignatova, aka "Cryptoqueen" has organized this pyramid.

OneCoin business was absolutely typical for Ponzi followers. Investors were promised good interest, they carried assets, and first investors were paid interest. Then everything went according to the standard scenario: delayed payments, debts and inevitable collapse. The organizers, of course, fled, having previously emptied the accounts.

Greenwood was arrested in Thailand five years ago, and after a long trial he was sentenced to 20 years in prison.

But the fate of Cryptoqueen is still unknown. She has won the FBI’s Ten Most Wanted Fugitives list. There were reports that Ruja Ignatova was killed in 2018. Indeed, she had enough enemies who lost money, including crime bosses.

According to another version, Ignatova is aliveand continues to successfully evade justice.

The moral is simple and banal: do not break the la!. At least, creating a Ponzi scheme. Such schemes are easily computed and prosecuted worldwide. Another thing, now the regulators and the judiciary often consider normal businesses as Ponzi. However, in the case of OneCoin this was not the case - everything was too obvious.

[mohrewkey]

OneCoin victim gets death threats for writing book exposing scheme

During the period from 2014 to 2016, cryptocurrency investors faced losses of approximately $4 billion due to the deceptive OneCoin Ponzi scheme, masterminded by the convicted fraudster Ruja Ignatova. Even now, the scheme remains infamous as “one of the most colossal frauds in history.” In 2017, authorities unveiled the scheme, resulting in the apprehension of several pivotal figures implicated.…

[crypto101bylauriesuarez]

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[ilucyliu-blog]

"Crypto Queen" Ruja Ignatova Reappears After 5-Year Absence

The OneCoin founder, Dr. Ruja Ignatova, known as the “Crypto Queen,” has reappeared after a 5-year absence, as per a British government filing. “Crypto Queen” Emerges in England Dr. Ruja Ignatova, known for the $4 billion OneCoin Ponzi scheme, was listed as a beneficial owner of a London property (Abbots House Penthouse Limited) in a filing submitted to the British government. Ignatova, who…

[cryptoqueene]

Cameo

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[lady-eveningstar]

Ruja Ignatova

is a Bulgarian-born German entrepreneur best known as the founder of a fraudulent cryptocurrency scheme known as OneCoin, which The Times described as "one of the biggest scams in history." She was the subject of the 2019 BBC podcast series The Missing Cryptoqueen and the 2022 book of the same name. Ignatova boarded a flight to Athens on October 25, 2017, and has not been seen since.

Since her disappearance, Ignatova has long been presumed to be on the run from various international law enforcement agencies. The FBI has offered up to five million dollars for any information leading to her arrest. In early 2019, she was charged in absentia by U.S. authorities for wire fraud, securities fraud and money laundering. She was added to the FBI Ten Most Wanted in June 2022. Ignatova is the subject of an Interpol warrant issued by German authorities.

Reporting in 2023 and 2024 suggested that Ignatova may have been murdered in 2018 on the orders of Bulgarian organised crime figure "Taki" Hristoforos Nikos Amanatidis, who is suspected of initially sheltering her.

[cryptonewsssss]

According to the BBC, OneCoin founder Ruja Ignatova, AKA the “CryptoQueen,” may be laying low in Russia to dodge extradition and criminal charges. An investigative journalist noted that Ignatova possibly fled to Russia sometime after disappearing in 2017 and has resided in the nation ever since. The missing ‘CryptoQueen’ started a multi-billion pyramid scheme called OneCoin in 2014. Through international marketing by an army of promoters, OneCoin defrauded investors of nearly $4 billion. Ignatova vanished when authorities came knocking, and her whereabouts or state of being were unknown by publishing time.  Frank Schneider, Ignatova’s former security advisor, supposedly said that the OneCoin founder was involved with Kremlin officials.  Ex-Bellingcat investigator Yoran Tsalov also reportedly claimed that OneCoin’s financial backer traced back to ex-Ukrainian President Viktor Yanukovich. Tsalov surmised that Ignatova laundered millions for Yanukovich, who was famed as being a pro-Russian leader. Yanukovich currently resides with Russia in exile after Ukraine’s top courthouse found him guilty of treason and issued a 13-year sentence in absentia. Ignatova’s hiding in Russia was one of many theories surrounding her disappearance. Last week, German investigators posited that OneCoin’s CryptoQueen fled to South Africa. As crypto.news reported, German detectives, citing evidence and findings, suggested that Ignatova moved to a high-brow area in Cape Town notorious for housing foreign criminals. Her brother Konstantin visited Cape Town several times following her disappearance, further fueling suspicions. When the FBI arrested Konstantin, he declared that the CryptoQueen ran off with over $630 million to finance an escape and buy new false identities. Konstantin served three years in a U.S. jail cell after cooperating with American authorities to uncover the OneCoin Ponzi. Bulgarian police said Ignatova may be deceased, butchered on a yacht and tossed into the Ionian Sea. Her exact fate remained shrouded in mystery, but the hunt by authorities continued. In June, the U.S. State Department issued a $5 billion bounty for any information leading to her capture.  Meanwhile, the judicial hammer fell on other OneCoin conspirators. OneCoin’s ex-legal and compliance chief, Irina Dilkinska, was imprisoned for four years. Another lawyer, Mark Scott, was jailed for a decade back in January.

[tenders4you]

According to the BBC, OneCoin founder Ruja Ignatova, AKA the “CryptoQueen,” may be laying low in Russia to dodge extradition and criminal charges. An investigative journalist noted that Ignatova possibly fled to Russia sometime after disappearing in 2017 and has resided in the nation ever since. The missing ‘CryptoQueen’ started a multi-billion pyramid scheme called OneCoin in 2014. Through international marketing by an army of promoters, OneCoin defrauded investors of nearly $4 billion. Ignatova vanished when authorities came knocking, and her whereabouts or state of being were unknown by publishing time.  Frank Schneider, Ignatova’s former security advisor, supposedly said that the OneCoin founder was involved with Kremlin officials.  Ex-Bellingcat investigator Yoran Tsalov also reportedly claimed that OneCoin’s financial backer traced back to ex-Ukrainian President Viktor Yanukovich. Tsalov surmised that Ignatova laundered millions for Yanukovich, who was famed as being a pro-Russian leader. Yanukovich currently resides with Russia in exile after Ukraine’s top courthouse found him guilty of treason and issued a 13-year sentence in absentia. Ignatova’s hiding in Russia was one of many theories surrounding her disappearance. Last week, German investigators posited that OneCoin’s CryptoQueen fled to South Africa. As crypto.news reported, German detectives, citing evidence and findings, suggested that Ignatova moved to a high-brow area in Cape Town notorious for housing foreign criminals. Her brother Konstantin visited Cape Town several times following her disappearance, further fueling suspicions. When the FBI arrested Konstantin, he declared that the CryptoQueen ran off with over $630 million to finance an escape and buy new false identities. Konstantin served three years in a U.S. jail cell after cooperating with American authorities to uncover the OneCoin Ponzi. Bulgarian police said Ignatova may be deceased, butchered on a yacht and tossed into the Ionian Sea. Her exact fate remained shrouded in mystery, but the hunt by authorities continued. In June, the U.S. State Department issued a $5 billion bounty for any information leading to her capture.  Meanwhile, the judicial hammer fell on other OneCoin conspirators. OneCoin’s ex-legal and compliance chief, Irina Dilkinska, was imprisoned for four years. Another lawyer, Mark Scott, was jailed for a decade back in January.

[theofficialsiyauniverse-blog]

The Rise and Fall of OneCoin: A Cautionary Tale of Greed, Fraud, and the Elusive Cryptoqueen

When we talk about the economy, one of the first things that often comes to mind is the movement of goods and services. At its core, the economy thrives on exchange—the intricate web of activities that connect individuals, businesses, cities, countries, and even continents in a global network of trade. This movement, whether it’s the buying and selling of products in a local market or the massive import and export of resources between continents, forms the backbone of economic growth and development.

What fundamentally drives this system is the principle of supply and demand. This age-old economic philosophy explains how the availability of goods (supply) and the desire for them (demand) interact to determine their price and accessibility. For instance, when a product is scarce but highly sought after, its price tends to rise, encouraging producers to create more of it. Conversely, when supply exceeds demand, prices drop, often leading to adjustments in production. This dynamic is not just a theory—it plays out in every corner of the world, from the smallest barter exchanges between individuals to international trade agreements between nations.

On an individual level, economic exchanges can be as simple as a farmer selling fresh produce at a local market or a freelancer offering their skills to a client. These micro-level transactions contribute to the larger economic framework by circulating money and resources within communities. At the business-to-business level, companies trade raw materials, technologies, or services, fueling industries and creating employment opportunities. When cities trade with other cities or regions, it fosters regional specialization and cooperation, where one area might focus on manufacturing while another emphasizes agriculture or technology.

At the international level, the stakes and scales increase significantly. Countries engage in importing and exporting goods to meet domestic demands, fulfill gaps in resources, or capitalize on their unique advantages. For instance, nations rich in natural resources like oil or minerals often trade with those specializing in advanced technology or industrial goods, creating a mutually beneficial flow of commerce. These interactions extend further to global trade agreements and continental exchanges, shaping the world economy through interconnected supply chains that span thousands of miles.

However, the mechanics of supply and demand are not limited to the physical movement of goods and services. They also encompass broader economic policies, market trends, and human behavior. Governments, for example, play a critical role in regulating trade, ensuring fair competition, and addressing issues like tariffs, subsidies, and trade imbalances. Similarly, consumer preferences and technological advancements constantly reshape markets, creating new demands and phasing out old ones.

Understanding this intricate dance of exchange is crucial for appreciating how economies grow and adapt. Whether it’s the local farmer, the corporate executive, or the trade negotiator working on a multi-billion-dollar deal, all are participants in this vast system. The economy, at every level, is a reflection of human ingenuity, collaboration, and the perpetual drive to meet needs and create opportunities. Ultimately, the theories and philosophies that govern this process, like supply and demand, offer valuable insights into the forces shaping our world, reminding us of the interconnectedness that binds local actions to global outcomes.

In many African countries, economic growth and sectoral expansion are heavily tied to the mining and exchange of mineral-based goods and services. The continent is rich in natural resources, with minerals like gold, diamonds, platinum, and cobalt playing a significant role in driving economic activity. The extraction and sale of these resources often serve as the backbone of national economies, creating opportunities for investment, infrastructure development, and revenue generation. For some nations, the export of minerals can lead to robust economic growth, enabling governments to invest in sectors like healthcare, education, and technology.

However, the story of mineral wealth in Africa is far more complex than it may appear on the surface. While some countries manage to harness these resources effectively to benefit their citizens, others struggle to convert natural wealth into sustained economic progress. The systems and models used to govern the extraction, processing, and sale of minerals often determine whether these resources become a blessing or a burden. Nations with strong governance frameworks, transparent policies, and equitable wealth distribution mechanisms are more likely to experience meaningful and sustained growth. Conversely, those lacking these structures may see their mineral wealth exploited without corresponding benefits for the broader population.

A major challenge lies in the illegal mining and unregulated exploitation of resources. In many cases, minerals are extracted and sold without proper oversight, leading to significant losses in revenue for national governments. This phenomenon, often referred to as “resource leakage,” deprives countries of the wealth needed to improve public services and build infrastructure. Furthermore, illegal mining activities can exacerbate environmental degradation, disrupt local communities, and fuel conflicts, creating a cycle of instability that undermines economic growth.

Even within legal frameworks, issues such as corruption, mismanagement, and unfair trade agreements can limit the benefits of mineral wealth. In some instances, multinational corporations and foreign investors gain disproportionately from Africa’s resources, while local populations see little improvement in their quality of life. This dynamic perpetuates economic inequality and reinforces dependence on external actors for capital and technology.

The challenge, therefore, lies in ensuring that mineral wealth is managed in a way that maximizes benefits for the countries of origin and their citizens. This requires strengthening governance systems, enforcing regulations to curb illegal mining, and fostering greater transparency in how revenues are allocated and spent. Equally important is the need to diversify economies beyond resource extraction. Countries that invest in value-added industries, such as refining raw minerals into finished products, stand a better chance of retaining wealth within their borders and creating sustainable economic opportunities.

Ultimately, while Africa’s rich mineral resources present a tremendous opportunity for growth, their impact depends on how they are managed. The goal should not only be to extract value but to ensure that this value contributes to the long-term prosperity of African nations and their people. By addressing the structural challenges that have historically hindered progress, African countries can transform their natural wealth into a foundation for inclusive and sustainable development.

One of the most infamous examples of digital currencies gone wrong is OneCoin, a scheme that initially captured global attention but was later exposed as a scam. Marketed as a groundbreaking innovation, OneCoin positioned itself as the future of digital currency, claiming it would surpass cryptocurrencies like Bitcoin to become the world’s leading digital asset. Its meteoric rise was fueled by aggressive marketing campaigns and recruitment workshops held worldwide, where investors were promised extraordinary returns and a chance to be part of a revolutionary financial movement.

The face of this ambitious project was Ruja Ignatova, a charismatic entrepreneur who became known as the “Cryptoqueen.” Ignatova captivated audiences at events, passionately promoting OneCoin as a transformative platform that would disrupt the global financial system. Her speeches were filled with bold declarations of OneCoin’s potential, encouraging investors to pour their money into the project with promises of immense wealth and financial freedom. For many, her vision seemed credible, and OneCoin quickly attracted millions of investors across the globe.

However, beneath the glossy exterior of success lay a house of cards. OneCoin’s business model, rather than being rooted in legitimate blockchain technology, was built on unsustainable and deceptive practices. Unlike legitimate cryptocurrencies, which are decentralized and operate on transparent public ledgers, OneCoin lacked the underlying technology necessary for a functioning digital currency. It did not use blockchain technology to verify transactions, meaning that its “coins” were essentially worthless.

Compounding the problem was the behavior of the executives behind OneCoin. Lavish lifestyles, extravagant spending, and the prioritization of personal gain over the platform’s sustainability quickly raised red flags. Instead of reinvesting funds to build a viable financial ecosystem, the leadership funneled investor money into their own pockets, undermining the platform’s credibility and functionality. This financial mismanagement and fraudulent activity inevitably led to the collapse of the scheme.

When the truth emerged, it became clear that OneCoin was not the revolutionary financial tool it claimed to be but rather one of the largest Ponzi schemes in history. Millions of investors lost their money, and many were left devastated by the financial fallout. Ruja Ignatova herself disappeared in 2017, evading justice and becoming one of the most wanted fugitives in the world.

The rise and fall of OneCoin serve as a stark reminder of the risks associated with digital currencies and the importance of due diligence when investing in new financial platforms. It highlights the need for transparency, accountability, and regulatory oversight in the cryptocurrency space to protect investors and prevent similar scams in the future. For those affected, OneCoin is not just a cautionary tale but a painful lesson in the dangers of unchecked greed and misplaced trust.

One of the most infamous examples of fraudulent digital currencies is OneCoin, a platform that initially captivated global investors with its promise of revolutionizing the financial world but was soon exposed as a scam. Marketed as a groundbreaking alternative to cryptocurrencies like Bitcoin, OneCoin quickly gained traction, drawing in millions of investors who were lured by the prospect of massive returns and the allure of being part of a cutting-edge financial revolution. However, the platform’s rapid rise was matched by an equally spectacular fall when it was revealed to be a Ponzi scheme, leaving countless victims in financial ruin.

At the center of the OneCoin scandal is Ruja Ignatova, the enigmatic and charismatic figurehead of the operation, famously dubbed the “Cryptoqueen.” Ignatova traveled the world, hosting glamorous events and recruiting workshops, where she passionately promoted OneCoin as the “future of money” poised to surpass Bitcoin. Investors were encouraged to buy into the platform, believing they were acquiring a legitimate digital currency. However, OneCoin lacked the foundational blockchain technology that underpins legitimate cryptocurrencies, rendering its “coins” worthless.

As the scheme unraveled, Ignatova disappeared in 2017, vanishing just as authorities began to close in. Today, she remains one of the FBI’s most wanted fugitives, accused of defrauding investors of over $5 billion. Despite international efforts to bring her to justice, her whereabouts remain a mystery, fueling widespread speculation and intrigue. Some reports suggest she is living under a false identity, while others claim she may have met a more sinister fate.

The most recent development in the investigation came from the FBI, which hinted at the possibility that Ignatova might be hiding in Cape Town, South Africa. Allegedly living under an assumed identity, this revelation has reignited public interest in the case, prompting both local and international authorities to intensify their search efforts. However, conflicting reports have also emerged, with some alleging that she may have died to evade capture, though no concrete evidence has surfaced to support this claim.

The OneCoin saga serves as a cautionary tale about the risks of unregulated financial ventures and the dangers posed by charismatic leaders who exploit trust for personal gain. It also underscores the need for global cooperation in tackling financial crimes and ensuring accountability in the burgeoning world of digital currencies. As the search for Ruja Ignatova continues, the legacy of OneCoin remains a stark reminder of the devastating impact of unchecked greed and the importance of vigilance in the face of too-good-to-be-true financial promises.

[sarasultimatewatchlist]

Cryptoqueen | Biggest Crypto Scam In History (2024)

[andizi]

The Missing Cryptoqueen: Dead or Alive? - BBC World Service Documentaries

[noticlip]

Esta es la recompensa que ofrece el FBI por la criptoestafadora más buscada el mundo (detalles)

 El Departamento de Estado de EE.UU. anunció este miércoles “una recompensa de hasta 5 millones de dólares por información que conduzca al arresto y/o condena de la ciudadana alemana Ruja Ignatova”. En el 2022, el FBI incluyó a Ignatova, también conocida como ‘CryptoQueen’ (‘Reina de criptomonedas’, en español), en su lista de los 10 fugitivos más buscados, siendo ella la única mujer. Presunto…

[news247worldpressposts]

#BREAKING: A $5m (£4m) reward is being offered in the hunt for the fugitive "#Cryptoqueen" #RujaIgnatova.

BREAKING: A $5m (£4m) reward is being offered in the hunt for the fugitive “Cryptoqueen” Ruja Ignatova. Source: X

[williamchasterson]

Reward for fugitive ‘Cryptoqueen’ raised to $5m

Ruja Ignatova is wanted by the FBI for orchestrating a cryptocurrency scam. from BBC News https://ift.tt/udwqMjY via IFTTT

[ericvanderburg]

Feds put $5M bounty on 'CryptoQueen' Ruja Ignatova

http://securitytc.com/T8pvn5