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US Point out Section Features $5 Million Reward for Capture of OneCoin Mastermind

Thrilling information in the search for Ruja Ignatova of OneCoin – a $5 million bounty has been declared for her seize!

The Effects of the OneCoin Scam

The Division of State is supplying a reward of $5 million for any details major to the arrest of Ruja Ignatova, a vital determine in the huge OneCoin fraud that defrauded traders of about $4 billion. Ignatova, also recognised as the “Cryptoqueen,” was instrumental in orchestrating the fraudulent scheme that misled a great number of buyers.

OneCoin, founded in 2014, deceived traders with promises of electronic forex investments. On the other hand, the undertaking lacked any genuine cryptocurrency or blockchain technologies. Alternatively, Ignatova manipulated the perceived price of OneCoin by building new cash routinely and deceptive traders with untrue representations.

By the time the fraud was uncovered in 2017, traders had incurred losses of above $4 billion. Authorized steps have due to the fact been taken in opposition to various folks involved in the fraud.

The latest Arrests Joined to OneCoin Fraud

Karl Sebastian Greenwood, a single of the co-founders of OneCoin, been given a 20-calendar year prison sentence for his function in the fraud. Mark Scott, a previous attorney associated in dollars laundering for OneCoin, was sentenced to 10 years in prison previously this 12 months. Furthermore, Irina Dilkinska, the ex-Head of Authorized and Compliance at OneCoin, acquired a 4-yr jail time period.

The new $5 million bounty provides to the current $250,000 reward supplied by the FBI for information and facts primary to Ignatova’s arrest. Inspite of becoming on the FBI’s Most Desired list, Ignatova’s whereabouts continue being unknown.

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