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The Story of Ruja Ignatova: Cryptoqueen and Mastermind of Rs 37000 Crore Fraud

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Ruja Ignatova OneCoin scam

Posted By  Patricia Wilson
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Mastermind Behind Rs 37000 Crore Fraud: The Rise and Fall of Cryptoqueen Ruja Ignatova

Introduction

Ruja Ignatova, known as the "Cryptoqueen," orchestrated the OneCoin scam, defrauding investors worldwide of Rs 37000 crore. From her education in Oxford to her rise in the crypto world, her story is a blend of ambition, deceit, and evasion.


Summary of facts
After we complete our TLDR summary of this article, we trigger an AI to check what our author wrote against what is factually mentioned in the article. The we ask it to score the  AI's confidence that this 'fact' is indeed 'true'. 

Fact Truthfulness Score
Ruja Ignatova is known as the "Cryptoqueen." 10
She masterminded the OneCoin cryptocurrency scam. 10
OneCoin defrauded investors of approximately Rs 37000 crore. 10
Ignatova studied at Oxford and had a promising career before the fraud. 10
She has been missing since 2017 and is on the FBI’s most-wanted list. 10
Her scam involved selling OneCoin as a legitimate cryptocurrency to investors. 10
Ignatova's whereabouts remain unknown despite extensive investigations. 10
She funded a lavish lifestyle using the proceeds from the scam. 10
OneCoin is considered one of the largest cryptocurrency frauds in history. 10

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Breakdown of the Timeline for this alleged scam:

Ruja Ignatova launched OneCoin in 2014, marketing it as a revolutionary cryptocurrency. By early 2017, it became clear that OneCoin was a Ponzi scheme. In October 2017, Ignatova disappeared, just as international authorities intensified their investigations. Despite numerous efforts, her current whereabouts remain unknown.

Legal Implications:
The OneCoin scam led to multiple legal actions worldwide, with numerous arrests of associates. The FBI has placed Ignatova on its most-wanted list, and investigations continue across various countries to bring justice to the victims of her fraudulent activities.
Summary:

Ruja Ignatova, the infamous Cryptoqueen, masterminded the OneCoin scam, one of the largest cryptocurrency frauds in history, defrauding investors of Rs 37000 crore. Despite her high-profile background, she disappeared in 2017 and remains on the FBI’s most-wanted list. Legal actions continue as authorities seek to bring justice to the victims.

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Entity Related Search Terms
Ruja Ignatova Cryptoqueen, OneCoin scam
OneCoin Cryptocurrency fraud, Ponzi scheme
FBI Most-wanted, investigation
Rs 37000 crore fraud International scam, investor losses

FAQ

Q: Who is Ruja Ignatova? A: Ruja Ignatova is the mastermind behind the OneCoin cryptocurrency scam, famously known as the "Cryptoqueen."

Q: What is OneCoin? A: OneCoin is a fraudulent cryptocurrency scheme marketed as a rival to Bitcoin, defrauding investors worldwide.

Q: How much money was involved in the OneCoin scam? A: The OneCoin scam allegedly defrauded investors out of an estimated Rs 37000 crore globally.

Q: Where is Ruja Ignatova now? A: Ignatova disappeared in October 2017 and remains on the run. Authorities remain uncertain about her current location despite extensive law enforcement efforts.

 

Reference Source: [1https://www.indiatimes.com/worth/news/from-studying-in-oxford-to-becoming-worlds-most-wanted-woman-meet-cryptoqueen-ruja-ignatova-the-mastermind-behind-rs-37000-crore-fraud-635963.html

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