If you've never been duped or led toward checking out a Multi-Level Marketing (Multi-Networking) seminar with a friend or acquaintance, consider yourself fortunate. If you've never been duped or misled into following a Religious Cult, Conspiracy Cult, or Cult Leader, you are blessed.
For those unfortunates who have fallen victim to one or both deceptions, I hope the story of OneCoin founder and Crypto-Scammer, Ruja Ignatova, awakens you to lies and fraudulent schemes some leaders and organizations will perpetuate for their own political, financial, and/or worldly gains.
The story of Ruja Ignatova is one that begs to be taught as a lesson for would be victims of frauds and lies throughout the world. Ruja was added to the FBI ten most wanted list in June 2022. She's the only female on the list.
Ruja Ignatova is a smart, charismatic, attractive, 43-year-old Bulgarian-born German citizen and convicted fraudster. She is best known as founder of a fraudulent cryptocurrency company called OneCoin. When the truth about OneCoin's non-existent blockchain system was exposed in 2017, Ruja took the money and ran. She hasn't been seen nor heard from since. Although, there have been unsubstantiated reports of Ruja sightings.
But for her charismatic, wealthy appearance, and anti-banking message projected to the masses skeptical of a world banking system responsible for the "Housing Market Crash of 2008," Ruja's OneCoin appeal to investors and those looking just to get ahead might not have succeeded in reeling in so many unsuspecting buyers.
It is estimated Ruja scammed more than $4 Billion dollars from victims of OneCoin worldwide. The BBC Radio Podcast, "Missing Crypto Queen," gives the full story along with its ongoing investigation. As of this posting Ruja Ignatova has not been located.
Here is a link to a 2017 facebook page describing OneCoin's Multi-Networking Business Vision, as it also attempts to discredit claims of fraud: Onecoin - The future of Payment, Cryptocurrency
To understand Onecoin and Onecoin vision it is important to read this Article carefully The first question you ask your self whether some business is legit or scam is when it was established. If it was established few months ago the risk of being scam is very high. But then you can start educating your self directly with people involved with it. Get to know them in person, feel the energy, understand the vision. Scams usually collapse in a few months, maximum six months. People often tend to mistake good projects that failed because of bad decisions with scam. So since today is two and a half years of Onecoin’s existence, seems like it is not a scam after all. It does bring a risk with it that is sure. But tell me one business that has no risk. Onecoin is a Saturn shot project of making stable and centralized cryptocurrency that will be used by masses and especially on unbanked markets like some Asia, Africa, South America. This is its first problem. For now, all we know cryptocurrency can be only decentralized and it needs to be listed on a private website CryptoCurrency Market Capitalizations. So you will find many decentralized cryptocurrencies out there that will yell how Onecoin is not cryptocurrency cause it is centralized. I don’t think they get to decide that. People do. Governments do. Russia is finalizing a law that will only allow centralized cryptocurrencies that can track coin owners inside blockchain. Onecoin has all that already. Problem is that decentralized cryptocurrency open market is subjected to big speculators that have skills and means to inflate coin prices to make big profit thus making coin values volatile. I wrote my findings here How credible BITCOIN's "value" is Onecoin does not want to be just one more speculative cryptocurrency. They want to be central entity that will regulate value of its coin by not allowing large dumps and pumps by having their own exchange and impose limits. You can call it economically illogical all you want but they want to make stable coin that people will be able to use to buy services and goods. Onecoin already has more than 35000 merchants and people already can spend coins on DealShaker It started in Feb 2017 and of course haters will say website is bad because they saw bad deals. As if amazon and ebay worked perfectly in their beginnings. Hell, alibaba owner Jack Ma bought all deals from his website for the first 30 days. Onecoin is slandered for not being open, not able to sell and exchange. That is intentional. They want to make critical mass, make user base, merchants and usability, and then go out public 2nd qtr 2018 and it will have its own exchange xcoinx.com. Also the company will go IPO to be the first public cryptocurrency company listed on actual stock exchange. You will find bloggers and anonymous haters that will say they will fail and so on. It is just peoples opinions. Of course if someone presents you all this and you too think it can not succeed, naturally you will pass. The second problem Onecoin has is at the same time its strongest link. It is distributed via Multi level marketing. MLM is in deed the best crowd sale business model but it carries many faults with it. First of all is antiMLM propaganda. Anonymous blogs that write all sorts of bad propaganda based mostly on opinions against all MLM companies and earning $$ from clicks and visits, cause they know that most people are attracted by negative content. But they don’t write only based on opinions, they also write based on events that are direct result of bad doings from the second problem of Onecoin: Bad distributors that work agains company’s rules. At Onecoin, network is called Onelife, and it has certain compliance guidelines how you should present Onecoin concept to people. Since Onecoin is still in its private infant stage, no one can buy Onecoin or sell it for FIAT currency. You need to provide a gas called One token and submit it to mining pool via onelife back office and you get Onecoins based on difficulty x tokens = 1 OC. Also you can not buy tokens cause it would be illegal. (facebook.com)
The Oxford graduate that 'pulled off the scam of the century' | Tatler
ONECOIN FOUNDER RUJA IGNATOVA ALLEGEDLY MURDERED BY A DRUG LORD IN GREECE (greekcitytimes.com)
The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors | Bitcoin Insider
Cryptoqueen: Has the missing fugitive reappeared? - BBC News
Brother of the missing OneCoin 'crypto-queen' fraudster strikes plea deal in New York | Daily Mail Online
Southern District of New York | Co-Founder Of Multibillion-Dollar Cryptocurrency Scheme “OneCoin” Sentenced To 20 Years In Prison | United States Department of Justice
Definition of OneCoin | PCMag
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