‘Cryptoqueen’ Lands a Spot On the FBI’s Most Wanted List

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Ruja Ignatova standing with a microphone to her lips.

Ruja Ignatova, the after-founder of OneCoin, is now on the FBI’s major 10 most needed.
Screenshot: FBI Movie

Ruja Ignatova, who in the previous dubbed herself the “Cryptoqueen,” is now sitting with a extravagant crown in a new royal court docket: the FBI’s prime 10 most desired.

FBI officials and federal prosecutors announced Ignatova’s new designation in a press meeting Thursday. Ignatova was charged in 2019 with wire fraud, securities fraud, and conspiracy to dedicate income laundering for her portion in the OneCoin crypto corporation that prosecutors alleged was just a ponzi plan.

Michael Driscoll, the FBI’s assistant director-in-demand for New York declined to solution Reuters’ questions whether or not they experienced any qualified prospects, but stated Ignatova “left with a great total of hard cash,” adding, “money can purchase a lot of buddies.”

Ignatova was portion of a Bulgaria-centered crypto company identified as OneCoin. The firm claimed they were executing a frequent crypto mining operation—generating new tokens additional to a blockchain—and pumped out $3.78 billion in revenue from the conclude of 2014 to the middle of 2016. But even with the upward momentum, investigators from the U.S. Section of Justice claimed that OneCoin’s benefit was rigged internally, that the cash were fundamentally worthless, and consumers could not even trace ownership of the coins. The DOJ alleged people at the head of the company manufactured nearly $2.5 billion in gain that they squirreled away in enterprise bank accounts.

Damian Williams, the U.S. legal professional for the Southern District of New York, told reporters Ignatova capitalized “on the frenzied speculation of the early days of cryptocurrency.”

In an FBI-supplied online video of Ignatova talking at a London company celebration dated June, 2016, Ignatova boasted about her two million energetic customers, incorporating “no other cryptocurrency has as lots of end users as we do,”

Bloomberg claimed that following Ignatova grew suspicious that the feds had been on to her, she fled to Greece and then investigators misplaced track of her.

In 2019, the U.S. unsealed an indictment in opposition to Ignatova, charging her with the earlier described litany of economical crimes. That similar calendar year, Konstantin Ignatova, a single of OneCoin’s founders and Ruja’s brother, was charged with conspiracy to commit wire fraud. Konstantin managed to get a plea deal, and even though his sentencing was established for May possibly 13, his attorneys adjourned the day for 90 times so he could more cooperate with authorities.

The Cryptoqueen has evaded law enforcement custody and remains at massive to this day. So, the FBI states it’ll pay out up to a $100,000 reward for any data that sales opportunities to an arrest.

In addition, U.S. prosecutors beforehand convicted previous corporate lawyer Mark Scott of conspiracy to commit revenue laundering and conspiracy to commit bank fraud for laundering all over $400 million for the corporation. Ruja Ignatova testified against Scott at his demo. Scott is contesting his responsible verdict by claiming Ruja lied on the stand, in accordance to Bloomberg.

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