Tag: Karl Sebastian Greenwood

The Phantom of OneCoin: Is Ruja Ignatova Alive and Hiding in South Africa?

Crypto Schemes tamir - November 29, 2024

In the shadowy corridors of the cryptocurrency world, few figures loom as large—or as enigmatically—as the Bulgarian Ruja Ignatova, the so-called "CryptoQueen." As the architect of OneCoin, a fraudulent digital currency scheme that swindled investors out of over $4 billion, Ignatova's tale is a labyrinthine blend of high finance, deception, and a vanishing act that would make Houdini proud.

Report: The Highly Effective Deployment of Cryptocurrencies in MLM- and Ponzi Schemes!

Crypto Schemes Charlene Lensburg - August 19, 2024

Recently, the arrest of an Indian victim of the global crypto Ponzi scheme BitConnect has attracted attention. The victim, Shailesh Babulal Bhatt, had lost money in BitConnect and subsequently Bhatt kidnapped two employees of BitConnect founder Satish Kumbhani and successfully extorted $148 million worth of Bitcoins. Especially in the aftermath of the second Bitcoin Halving in 2016, crypto Ponzi schemes defrauded millions of naïve investors out of billions. Here is our report.

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