Cryptoqueen Associates Of Onecoin Project Face German Court
Three colleagues of fugitive OneCoin inventor Ruja Ignatova dubbed the “Cryptoqueen,” have appeared in a German court on charges of fraud, money laundering, and banking offenses.
On October 18, a Munich-based lawyer connected to Ignatova is accused of transferring $19.7 million on her behalf via the Cayman Islands to acquire two London homes. According to Bloomberg, a husband and couple also face prosecution for allegedly processing $315.4 million in payments from OneCoin clients.
Ignatova established OneCoin in 2014 as a cryptocurrency and trading project. However, according to law enforcement authorities like the United States Federal Bureau of Investigation (FBI), it was quickly discovered to be a pyramid scam luring consumers in with bogus business and technical promises, such as a non-existent token mining system.
According to the FBI, the initiative cheated more than 3 million investors out of around $4 billion, with prosecutors in Germany stating in court:
“In reality, the ever-growing value was a fake and the mining process was only simulated by the software.”
Ignatova’s whereabouts have been unknown since 2017, with her last known whereabouts being in Athens, Greece.
The FBI put her on its top ten most wanted list in June, offering a $100,000 reward for information leading to her apprehension. Angelina Lazar, an economist and crypto proponent, has accused her firm of bribing presidents in Serbia and Bulgaria, in addition to being wanted for more than $4 billion in fraud.
The arrests of the last three OneCoin figures follow the arrest of another suspected collaborator, Christoper Hamilton, who is accused of laundering $105 million through the scam in 2014.
A court in the United Kingdom accepted the extradition procedure for Hamilton to face changes in the United States in August 2021, and it was reported that he was extradited at the beginning of September.
Konstantin Ignatov, Cryptoqueen’s brother, took over OneCoin at one time and pled guilty to multiple money laundering and fraud-related offenses in 2019, while two of his accomplices were the focus of a class-action suit that went to trial in March 2020.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
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Cryptoqueen Associates Of Onecoin Project Face German Court
Three colleagues of fugitive OneCoin inventor Ruja Ignatova dubbed the “Cryptoqueen,” have appeared in a German court on charges of fraud, money laundering, and banking offenses.
On October 18, a Munich-based lawyer connected to Ignatova is accused of transferring $19.7 million on her behalf via the Cayman Islands to acquire two London homes. According to Bloomberg, a husband and couple also face prosecution for allegedly processing $315.4 million in payments from OneCoin clients.
Ignatova established OneCoin in 2014 as a cryptocurrency and trading project. However, according to law enforcement authorities like the United States Federal Bureau of Investigation (FBI), it was quickly discovered to be a pyramid scam luring consumers in with bogus business and technical promises, such as a non-existent token mining system.
According to the FBI, the initiative cheated more than 3 million investors out of around $4 billion, with prosecutors in Germany stating in court:
“In reality, the ever-growing value was a fake and the mining process was only simulated by the software.”
Ignatova’s whereabouts have been unknown since 2017, with her last known whereabouts being in Athens, Greece.
The FBI put her on its top ten most wanted list in June, offering a $100,000 reward for information leading to her apprehension. Angelina Lazar, an economist and crypto proponent, has accused her firm of bribing presidents in Serbia and Bulgaria, in addition to being wanted for more than $4 billion in fraud.
The arrests of the last three OneCoin figures follow the arrest of another suspected collaborator, Christoper Hamilton, who is accused of laundering $105 million through the scam in 2014.
A court in the United Kingdom accepted the extradition procedure for Hamilton to face changes in the United States in August 2021, and it was reported that he was extradited at the beginning of September.
Konstantin Ignatov, Cryptoqueen’s brother, took over OneCoin at one time and pled guilty to multiple money laundering and fraud-related offenses in 2019, while two of his accomplices were the focus of a class-action suit that went to trial in March 2020.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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