US authorities have recently stepped up their pursuit of the OneCoin 'Cryptoqueen', Ruja Ignatova, offering a reward of up to
$5 million for information leading to her arrest. Ignatova, along with her
associates, are embroiled in various
scandals surrounding OneCoin, now confirmed as a
scam. Despite OneCoin being under heavy critique for fraudulent activities, several members, including Ignatova, have reportedly continued investing, with alleged links in
Dubai properties and to the
Bulgarian underworld.A global
asset freeze has been ordered for Ignatova and her associates by a UK court, further pressuring the operation of OneCoin. Despite this, there are still reported sightings of Ignatova, suggesting she may be currently residing in
South Africa. Notably, OneCoin's ex-legal officer has been sentenced to four years in prison for association with the scheme, while a
consultant implicated in helping OneCoin to launder $35 million managed to evade a prison sentence. The crypto scam saw a
lawyer receive a 10-year sentence for laundering fraud proceeds of the scam.OneCoin's controversies contrast greatly with the stories of rare and
high-value coins fetching enormous sums at auctions, further highlighting the distinction between legitimate investments and scams within the crypto and traditional currency sectors.
ONE Coin News Analytics from Thu, 30 Jun 2022 07:00:00 GMT to Wed, 20 Nov 2024 21:02:09 GMT -
Rating -6
- Innovation -9
- Rumor 1
