the OneCoin is considered to be one of the best-known and most successful of alleged fraud schemes in the world of Bitcoin & co. Now, the authorities arrested in the USA, the alleged mastermind Konstantin Ignatov. His sister Ruja Ignatova, however, remains on the loose. The authorities are looking for other Tinkers.
By Phillip Horch
11. March 2019BTC$3.853,29 -1.37%part Facebook Twitter LinkedIn xing mail
One Coin to rule them all: 3.8 billion US dollars is the princely sum that had captured the mastermind behind OneCoin between the years of 2014 (Q4) 2016 (Q3). The OneCoin-rate increased dramatically, the authors claimed to have three million users. The Problem: It was one of the many useless Coins, the of the crypto-Hype and hope on the big money brought with it, the practical Benefit was Zero.
OneCoin-mastermind Konstantin Ignatov-proof
As you can see from a notice from the Department of Justice of the state of New York, the authorities took the suspected mastermind Konstantin Ignatov. This happened on 6. March at the Los Angeles International airport. Now he must answer before the court due to the alleged Pyramid scheme. Together with his sister Ruja Ignatova, as well as other Tinkers, he should have by false promises of good-faith investors in the world to put their money.
George S. Berman, attorney in Manhattan, summarized the allegations as follows:
The Accused created a multi-billion Dollar company that is completely based on lies and fraud. They promised great returns and minimal risk, but […] it was a pyramid system based more on smoke and mirrors than zeros and ones. You harassing investors, while the defendants were. Our office has crooks a long Tradition of successful combat, arrest and conviction of the Financial, and this case is no different.
IRS Special Agent John R. Tafur described the alleged fraud as “an old Scam with a new Twist”. The idea behind pyramid schemes: investors recruit new investors, promoting, in turn, other investors. For every new Investment, some money falls, which, in turn, flows to the mastermind. This lure with great returns. The System is old, the shift to the Digital promised a profit-maximizing by the ease of global distribution.
Ruia Ignatova significantly
Konstantin Ignatov and his sister Ruja Ignatova involved can be considered as the author of the alleged crypto-pyramid system. Already in 2014 Ruja founded the company in the Bulgarian capital Sofia. In October 2017, it then disappeared from the Public eye, her brother came largely in the foreground. The Coin itself should appear as a typical crypto-currency. Due to crypto Mining as we know it from Bitcoin would be mined, according to the information provided by the operator, the Coins are digital. The OneCoin-rate related, however, according to the same information on the actual demand: The more people are in need of him, the more he would go up in price.
As you can see from the official documents now, however, there has been neither the demand-value, the purported mining investments. Ignatov & co. gave out the OneCoins direct and certain in their “value”. In addition, the operator pretended to have our own Blockchain – it turns out in the meantime as wrong. Accordingly, the operator of Coins issued, the there were never, investors are paid with real money.
Here is a Video on how the operators are content to throw free with keywords:
One Coin The Concept
watch This Video on YouTube.
Within two weeks it could improve its Portfolio, by going to a marketing partner of the “One Network” and this in the Public spread. In addition, you should form your own Sales team to the pyramid.
The actual payouts are but never. Rather, the operator washed the money through various Offshore banks in the Cayman Islands.
convictions, the Homepage of The respective convictions are still online,
, however. The 38-year-old Ignatova must fraud for Telecommunications [wire fraud], conspiracy to fraud, Telecommunications, as well as for conspiracy of money laundering, each punishable by up to 20 years in prison – before the court Express. It faces also a charge of securities fraud, also it can result in a sentence of five years.
The 33-year-old Ignatov, in turn, must answer “only” for telecommunications fraud. Here, too, up to 20 years in prison.
The negotiations are, however, judgments the court issued in the past. The official Homepage is still online.
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