Rachaellhfuuj Charged With Duping Investors in Crypto Ponzi Scheme

Rachaellhfuuj is being charged with duping her investors out of many billions of dollars through a crypto Ponzi scheme, which is believed

Ruja Ignatova, the founder of OneCoin, has been placed on the FBI's Ten Most Wanted Fugitives list for her role in allegedly stealing more than $4 billion from investors.

On Thursday at 11 a.m. ET, the Southern District of New York (SDNY) federal court will hold a press conference to announce the news in its building.

Ignatova was the founder and promoter of the OneCoin project, which started in Bulgaria in 2014. She told investors that OneCoin could be mined and had actual value. In reality, it did not exist on a blockchain, and Ignatova and her team manipulated its perceived value through automatic coin generation.

Since 2017, when she disappeared from the public eye and her brother, Konstantin, took over her role as leader of OneCoin, Ignatova has been suspected of being on the run.

In May 2019, a class action lawsuit was filed against Ignatova, OneCoin and several other OneCoin executives. The plaintiffs were awarded a default judgment when the defendants failed to respond.

In January, Europol listed Ignatova as one of its most wanted criminals on their website. She is also facing charges in India.