Who is Ruja Ignatova, Woman who is also known as missing cryptoqueen’, mastermind behind Rs 3600 Crore scam, she is now…

Ignatova allegedly made false statements and representations to individuals in order to solicit investments in OneCoin.

New Delhi: In the shadowy world of financial fraud, one name that looms large is Ruja Ignatova. Ignatova, who was once known and celebrated as a visionary in the world of cryptocurrency, suddenly disappeared in 2017 and left a trail of billions in stolen funds. After 2017, she cemented her infamy as the notorious “Cryptoqueen,” orchestrator of one of the greatest scams of all time.

In 2014, Ignatova ascension commenced when she started OneCoin, purportedly as the rival of Bitcoin. She promised huge returns in 2016, luring the investors across continents. However, she could fill out Wembley in London with her confident, almost jaunty stage presence. However, behind the scenes lay a chilling reality: OneCoin wasn’t a cryptocurrency at all but a cleverly disguised Ponzi scheme.

Ignatova and the Scam:

Beginning in approximately 2014, Ignatova and others are alleged to have defrauded billions of dollars from investors all over the world. Ignatova was the founder of OneCoin Ltd., a Bulgaria-based company that marketed a purported cryptocurrency.

In order to execute the scheme, Ignatova allegedly made false statements and representations to individuals in order to solicit investments in OneCoin. She allegedly instructed victims to transmit investment funds to OneCoin accounts in order to purchase OneCoin packages, causing victims to send wire transfers representing these investments. Throughout the scheme, OneCoin is believed to have defrauded victims out of more than $4 billion.

Ignatova served as OneCoin’s top leader through October 2017. On October 25, 2017, Ignatova traveled from Sofia, Bulgaria, to Athens, Greece, and may have traveled elsewhere after that. She may travel on a German passport to the United Arab Emirates, Bulgaria, Germany, Russia, Greece and/or Eastern Europe.

On October 12, 2017, Ignatova was charged in the United States District Court, Southern District of New York and a federal warrant was issued for her arrest. On February 6, 2018, a superseding indictment was issued charging Ignatova with one count each of Conspiracy to Commit Wire Fraud; Wire Fraud; Conspiracy to Commit Money Laundering; Conspiracy to Commit Securities Fraud; and Securities Fraud.

Who is Ruja Ignatova?

• Ruja, who studied at Oxford University, was born in Bulgaria and grew up in Germany.
• Before launching a cryptocurrency called OneCoin in 2014, Ruja had built a successful career in the finance sector.
• Ruja Ignatova convinced millions of people worldwide to invest in OneCoin.
• Ruja Plamenova Ignatova was born on May 30, 1980 and disappeared October 25, 2017
• Ignatova emigrated to Germany with her family when she was ten years old
• She spent part of her childhood in Schramberg in the state of Baden-Württemberg.
• In 2005, she earned a PhD in private international law from the University of Konstanz in Germany with the dissertation Art. 5 Nr. 1 EuGVO – Chancen und Perspektiven der Reform des Gerichtsstands am
• Erfüllungsort, which discusses lex causae in conflict of laws.
• She reportedly also worked for McKinsey & Company.