Ruja Ignatova | FinTelegram News

Tag: Ruja Ignatova

November 28, 2020

Chinese law enforcement seized $4.2 billion in PlusToken Ponzi scheme

According to The Block, crypto assets worth more than $4.2 billion at today’s prices have been seized in Chinese law enforcement actions in the PlusToken Ponzi scheme. The seized cryptos will be forfeited to the national treasury. The scammers allegedly cheated more than 2 million people out of more than $7.6 billion. So far, 16 people have been convicted and received prison-terms between two to 11 years as well as fines between $100,000 to $1 million.

August 17, 2020

FCA asked to really supervise Wirecard mini-me Moorwand!

FCA made a big mistake back in summer 2017 when it withdrew its warning against the crypto scam OneCoin. Back then FCA's withdrawal was used by the OneCoin salespeople to advertise the scheme even more aggressively to naive consumers. FCA actually facilitated the scam. Unwillingly, admitted but nevertheless it did. This is what BBC journalist Jamie Bartlett uncovered in episode 9 of the BBC’s The Missing Cryptoqueen podcast. And there is Moorwand which we call the Wirecard mini-me regulated by FCA.

January 16, 2020

Michael Gastauer and Black Banx – The fictional story about a would-be Mogul and FinTech Guru

The German investor, philanthropist and FinTech entrepreneur Michael Gastauer is certainly not a humble person. On the contrary! He is a man of superlatives in every respect. As was the famous (fictitious) Baron Münchhausen also known as the German "Baron of lies". We are not claiming now that Gastauer would definitely be a "lie baron" but there are indications that could lead to this conclusion. Here his story.

November 22, 2019

Rise and Fall of a scam lawyer – Convicted OneCoin lawyer Mark S. Scott and the money laundering and bank fraud scheme

Mark S. Scott who was employed between June 2015 and September 2016 as an equity partner at the big US law firm Locke Lord LLP...

November 22, 2019

OneCoin US-Lawyer Mark Scott found guilty of money laundering and bank fraud

The Florida-based US lawyer Mark S. Scott, 51, has been found guilty for his role in the OneCoin crypto scam, which raised more than $4 billion from investors convinced they were buying into a new digital currency. The New York jury found that Mark S. Scott helped to perpetrate the crypto scheme, routing approximately $400m out of the US while working to conceal the true ownership and source of the funds.

November 18, 2019

OneCoin Trial – The Shakespearean drama around a cryptoqueen, betrayal, fraud, money laundering, and greed

The investigations of the U.S. authorities around the indictment in the Bulgarian Crypto-Scam OneCoin develops into a Shakespeare drama around the cryptoqueen Ruja Ignatova, her..

November 13, 2019

Former OneCoin Lawyer now heading FCA-regulated Moorwand allegedly involved in money laundering

FinTelegram has often stressed that the large, global scams and investment fraud schemes would not be possible without the involvement of lawyers. It is these attorneys who issue the necessary certifications in accordance with the Anti Money Laundering (AML) and Know Your Customer (KYC) regulations. These confirmations grant scams and investment fraud schemes access to the international financial system. This opens the door to investors' money. These lawyers often work closely with Payment Services Providers (PSPs) to launder the money stolen by investors.

July 10, 2019

OneCoin Class Action Complaint – Revolution in the Bulgarian Pyramide Scheme

U.S. prosecutors have indicted Konstantin Ignatov and his sister Ruja Ignatova and accused them of fraud in connection with the pyramid scheme OneCoin. While Konstantin..

June 30, 2019

OneCoin crypto fraud case – Konstantin Ignatov has his bond application denied

According to FinanceFeeds, the OneCoin principal Konstantin Ignatov, who stands accused of conspiracy to commit wire fraud, has had his bond application denied by Judge..

March 10, 2019

Finally! Bulgarian OneCoin Heads Indicted And Arrested

U.S. authorities have arrested Konstantin Ignatov, one of the leaders of the crypto scam OneCoin on Wednesday. His older sister, Ruja Ignatova, has been indicted..