FBI offers $100K for info on Crypto Queen’s whereabouts in fraud casE


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The Federal Bureau of Investigation (FBI) in the US has offered a reward of up to $100,000 for info top to the arrest of ‘Crypto Queen’ Ruja Ignatova.

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The FBI, which added her to its ‘Ten Most Needed Fugitives’ listing, said that Ignatova is currently being sought for her alleged management of a huge fraud scheme that impacted tens of millions of traders throughout the world.&#13

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In 2014, Ignatova and her companion started OneCoin, a Bulgarian-centered firm that was marketed as a new virtual forex that would be the “Bitcoin killer”.

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Ignatova allegedly produced fake statements and representations about OneCoin to draw people today to commit in OneCoin deals.

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In accordance to investigators, Ignatova and her lover also promoted OneCoin through a multi-amount internet marketing approach that urged OneCoin buyers to provide more packages to pals and household, the FBI stated in a statement.

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“OneCoin claimed to have a non-public blockchain. This is in distinction to other virtual currencies, which have a decentralised and community blockchain. In this situation, investors had been just requested to have faith in OneCoin,” claimed Exclusive FBI Agent Ronald Shimko.

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Ignatova capitalised on the enjoyment bordering cryptocurrencies to draw in new investors.

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Though the organization is said to have made use of numerous of the phrases linked with virtual currencies, investigators believe that that OneCoins ended up not mined in the way standard to cryptocurrencies.

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In addition, the benefit of OneCoin was decided by the company somewhat than market place desire, said the FBI.

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In the course of the scheme, OneCoin is believed to have defrauded victims all about the globe out of billions.

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Ignatova specific folks who may perhaps not have entirely understood the ins and outs of cryptocurrencies but were moved by her impressive resume and the advertising procedures applied by OneCoin.

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“There are so numerous victims all in excess of the world who ended up monetarily devastated by this,” Shimko mentioned. “We want to convey her to justice.”

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Ignatova is only the 11th female to have been picked to be on the FBI’s 10 Most Required Fugitives checklist in its 72-year record.

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“She is at the moment 42 yrs outdated and has brown eyes and dim brown to black hair. Investigators, having said that, consider she could have altered her bodily visual appearance,” stated the FBI.

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(Only the headline and photograph of this report could have been reworked by the Business enterprise Normal staff the relaxation of the written content is car-generated from a syndicated feed.)

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