{"id":9639,"date":"2024-06-27T03:32:31","date_gmt":"2024-06-27T03:32:31","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=9639"},"modified":"2024-06-27T03:32:34","modified_gmt":"2024-06-27T03:32:34","slug":"u-s-offers-5-million-for-information-on-missing-onecoin-founder","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/u-s-offers-5-million-for-information-on-missing-onecoin-founder\/","title":{"rendered":"U.S. Offers $5 Million for Information on Missing OneCoin Founder"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The U.S. State Department has announced a $5 million reward for information leading to the arrest or conviction of Ruja Ignatova, the founder of the OneCoin cryptocurrency scam. Ignatova, also known as the \u201cCryptoqueen,\u201d has been missing since 2017, when she disappeared in Athens.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Background of the OneCoin Scheme<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">OneCoin, founded by Ignatova, operated as a Ponzi scheme from 2014 until its collapse in early 2017. The scheme defrauded investors of an estimated $4 billion by selling tokens that were purportedly valuable but did not exist on any blockchain. The OneCoin team manipulated its perceived value by automatically generating new coins, deceiving investors about their worth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Increased Reward and Legal Actions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The new $5 million reward, announced on Wednesday, is part of the State Department\u2019s Transnational Organized Crime Rewards Program, significantly increasing the previous $250,000 reward offered by the FBI. Ignatova was added to the FBI\u2019s Most Wanted list in 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Authorities in Bulgaria, Ignatova\u2019s home country, announced that she would be indicted in absentia for her involvement in the OneCoin scam. Ignatova, a German national, also faces criminal charges in the U.S., Germany, and India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Legal Repercussions for Associates<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Several of Ignatova\u2019s former associates have been sentenced for their roles in the scheme. In 2022, OneCoin co-founder Karl Greenwood received a 20-year prison sentence and was ordered to forfeit $300 million. Earlier this year, Bulgarian national Irina Dilkinska was sentenced to four years in prison, and American lawyer Mark Scott received a 10-year sentence.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Disappearance of Ruja Ignatova<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Ignatova vanished in late 2017, shortly after being indicted in the U.S. She was last seen on a flight from Sofia, Bulgaria, to Athens. The FBI has suggested that she might have altered her appearance with plastic surgery and could be traveling on a German passport in the Middle East or Eastern Europe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also Read: <a href=\"https:\/\/www.cryptometer.io\/news\/dilkinska-receives-4-year-sentence-in-4-billion-onecoin-scam\/\">Dilkinska Receives 4-Year Sentence in $4 Billion OneCoin Scam<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Unverified Reports and Speculations<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">There are also unverified reports suggesting that Ignatova may have been murdered. In 2023, a Bulgarian media outlet claimed that she was killed and dismembered on a yacht in the Ionian Sea in 2018, allegedly at the command of a Bulgarian drug lord known as \u201cTaki.\u201d However, this report has never been verified.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The State Department has labeled OneCoin as \u201cone of the largest global fraud schemes in history.\u201d With the new reward, authorities hope to finally bring Ruja Ignatova to justice and provide some closure to the countless victims of her fraudulent scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. State Department has announced a $5 million reward for information leading to the arrest or conviction of Ruja Ignatova, the founder of the OneCoin cryptocurrency scam. Ignatova, also known as the \u201cCryptoqueen,\u201d has been missing since 2017, when she disappeared in Athens. Background of the OneCoin Scheme OneCoin, founded by Ignatova, operated as [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":9640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-9639","post","type-post","status-publish","format-standard","has-post-thumbnail","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>U.S. Offers $5 Million for Information on Missing OneCoin Founder<\/title>\n<meta name=\"description\" content=\"The U.S. State Department has announced a $5 million reward for information leading to the arrest or conviction of Ruja Ignatova, the founder of the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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