Global News‘Cryptoqueen’ Ruja Ignatova Made FBI’s 10 Most Wanted Fugitives...

‘Cryptoqueen’ Ruja Ignatova Made FBI’s 10 Most Wanted Fugitives List


- Advertisment -spot_img

Ruja Ignatova, the so-called Cryptoqueen, has now been named a most-wanted fugitive by the FBI.

‘Cryptoqueen’ Ruja Ignatova Made FBI’s 10 Most Wanted Fugitives List

The FBI added Ignatova to its 10 Most Wanted Fugitives list for allegedly defrauding investors of more than $4 billion through OneCoin, a cryptocurrency company she helped found in 2014.


The move comes after Europol added Ignatova, 42, to its most-wanted list earlier this year.

“It’s an important tool for us, the top 10 list,” FBI Assistant Director Michael Driscoll told reporters during a news briefing Thursday. “We think the public is in the best position to help.”

Ignatova, a Bulgarian lawyer, claimed to have invented a cryptocurrency to rival Bitcoin. She and others allegedly made false statements while soliciting investments and promoted OneCoin through a multi-level marketing strategy, according to the FBI.

OneCoin also claimed to have a private blockchain, as opposed to a public and verifiable one that other virtual currencies have, and the value of OneCoin was determined by the company rather than market demand, the FBI said.

Read AlsoStudent Commits Suicide after Failing to Graduate

The FBI alleges that Ignatova ultimately persuaded investors to give her billions of dollars, capitalizing on the buzz around cryptocurrencies, before disappearing in 2017 after a federal warrant was issued for her arrest.

“She’s got a lot of money and she hit the road pretty quick,” Driscoll said.

Investigators believe Ignatova may have been tipped off that she was under investigation by U.S. and international authorities. On Oct. 25, 2017, she travelled from Sofia, Bulgaria, to Athens, Greece, and has not been seen since, according to the FBI.

Ignatova was indicted in February 2018 on one count each of conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering, conspiracy to commit securities fraud, and securities fraud.

Read AlsoGunmen Attack Police Check-Point, Kill 2 Officers

Ignatova is the only woman on the FBI’s Ten Most Wanted Fugitives list and is the 11th in its 72-year history, said the FBI, which is offering a reward of up to $100,000 for information leading to her arrest. She was known to travel throughout Eastern Europe and the Mideast and may have had plastic surgery to alter her appearance, the FBI said.

While speaking at an event in London in June 2016, Ignatova told the crowd she believed OneCoin would become the “no. 1 cryptocurrency worldwide.” Though in an email with her co-founder, Ignatova reportedly described an exit strategy for OneCoin as, “Take the money and run and blame someone else for this…” according to federal prosecutors. (ABC News)

New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.


Please enter your comment!
Please enter your name here

Latest news

Kenya, US Sign Agreement Ahead Haiti Deployment

Kenya, an Eastern African country and United State of America have signed a defense agreement which would allow the...

Erisco Foods Arrested Consumer Over Negative Review Of Product

Abuja, Nigeria - After arresting a dissatisfied consumer over her negative review, the Federal Competition and Consumer Protection Commission...

Police Nab 19 Suspected Cultists

Lagos, Nigeria - Nineteen (19) suspected cultists have been arrested by the operatives of the Ogun State Police Command...

Lagos Hospital Denies Mohbad Death Allegations

Lagos, Nigeria - After a long silence, the hospital where deceased pop singer, Ilerioluwa Aloba (MohBad) was allegedly taken...
- Advertisement -spot_imgspot_img

Angry Reaction: Osimhen To Face Fine At Napoli

As it stands, Victor Osimhen is likely to face a fine at Napoli after he berated manager Rudi Garcia...

First Bank Sponsors Africa International Trade Exhibition To Promote Foreign Investment

First Bank of Nigeria Limited, has sponsored the Africa International Trade Exhibition (A.I.T.E 2023), held on 21 and 22...

Must read

Rite Foods Set To Showcase Award-winning Refreshing Brands At Lagos Trade Fair

The award-winning Rite Foods Limited has partnered with the Lagos State Chamber of Commerce & Industry (LCCI) for the 37th Annual Lagos International Trade Fair (LITF) and is fully prepared to exhibit its unique brands.

Public Relations Vs. Reputation Management: The Thin Line To Grasp And More

Whether you are setting out fresh from the ideation...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More