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Europol Adds OneCoin’s Crypto Queen Ruja Ignatova To Its Most Wanted List

Ponzi Scheme

Europol Adds OneCoin’s Crypto Queen Ruja Ignatova To Its Most Wanted List

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In the same way that the adoption of cryptocurrencies increased worldwide, so did the Ponzi schemes and other frauds related to the crypto ecosystem. OneCoin is one of the most obvious examples; but Europol is focused on closing the case and put its promoters behind bars —no matter how long it takes.

On May 11, Europol added Ruja Ignatova, founder of the OneCoin Ponzi scheme, to its list of Europe’s most wanted fugitives, offering a reward of up to €5,000 to anyone who helps to track her whereabouts.

As per Europol information, Ignatova is wanted for fraud-related crimes that have affected people’s financial interests in the European Union.

Ruja Ignatova is now on the Most Wanted list of the Europol. Image: Europol

Ignatova Raised Over €5 Billion With OneCoin

Ignatova is suspected of driving the Ponzi scheme behind the so-called cryptocurrency “OneCoin,” which raised approximately €5 billion by the end of 2007 from investors in more than 170 countries.

Now fugitive, Ignatova launched the “OneCoin” project in mid-2014, selling it to investors as the future “Bitcoin Killer”; however, as has happened with many Ponzi schemes, like Arbistar or Bitconnect, when Ignatova felt in danger, she escaped, taking billions of dollars with her.

In December 2016, the Italian Antitrust Authority issued an injunction against the company One Network Services Ltd [OneCoin], describing its activities as an “illegal pyramid sales system.” However,…

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