"The Queen of cryptocurrencies": the most wanted woman by the EU police.
Police forces in EU countries placed the Queen of cryptocurrencies, Dr. Ruja Ignatova, at the top of the world's most wanted list after she deceived hundreds of thousands of investors years ago to invest their money in her digital currency Onecoin, with the amount stolen from investors reaching nearly £12.9 billion, making this scam the largest financial scam in history. So who is Ruja Ignatova? And how did she manage to carry out such a large scam?
The Queen of cryptocurrencies issues her currency:
Queen of cryptocurrencies
In 2014, Ruja Ignatova launched her digital currency named Onecoin and began to promote it vigorously in her home country Bulgaria, and then throughout Europe and the world, successfully deceiving hundreds of thousands within a few years, convincing them that the currency had already been invested in by over 3 million people, with profits reaching between the fourth quarter of 2014 and the third quarter of 2016 up to £2.9 billion, only to vanish later in 2017, handing over the management of the company to her brother. It later became clear that the currency was nothing but a scam created by Ruja - aged 41 - based on a Ponzi scheme.
Obscure details:
Queen of cryptocurrencies
Some obscure issues have arisen regarding the case of the Queen of cryptocurrencies, as since the scam was uncovered five years ago until now, all suspects and those involved in the case, including administrators and workers at the company, such as the co-founder of the currency Karl Sebastian, the company's lawyer Mark Scott, her partner Gilbert Armenta, and most importantly her brother Konstantin, have all been arrested. However, the European police are still unable to reveal Ruja's location or capture her, despite five years having passed since her disappearance.
The journalist following the case, Jimmy Bartlett, said in a press interview with BBC that he expects it has become difficult to capture the Queen of cryptocurrencies at this time, as she likely has a new passport with a forged identity and a completely new face.
Europol does not show sufficient seriousness in dealing with the case:
One of the intriguing things related to the case of the Queen of cryptocurrencies is that Europol (the European police) has offered a reward of only £4,100 for information that leads to the capture of Ruja, which is a very small amount for a criminal of this magnitude.
Jimmy Bartlett says in another interview he conducted with the American network Vice: "The European police will not find her offering this meager amount of money; no one will be willing to disclose information they have regarding this for this amount, especially since it could pose a danger to their life, even the people protecting her would not present her to justice for this amount as well."
Bartlett also predicted that catching her after all these years at an airport in a routine manner would be almost impossible, especially without any information from an external party.
It is noted that the currency scam established by Ruja is still spreading in some areas of Latin America, Asia, and Africa to this day, despite several years having passed since it was first uncovered.
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