$4B Ponzi Scheme OneCoin and ‘CryptoQueen’ Leader Found in Default in US Lawsuit

Ruga Ignatova and her company failed to respond to the case, according to court documents.

Policy & regulation  ·  18 May 2021

OneCoin Investors Allege BNY Mellon Aided $4B Fraud

Following the publication of the FinCEN Files on Monday, investors suing OneCoin have now added allegations against BNY Mellon to their lawsuit.

Policy & regulation  ·  25 September 2020

FinCEN Files: BNY Mellon Processed $137M for Entities Linked to OneCoin

The leaked "FinCEN files" show that BNY Mellon flagged a $30 million purported loan that it helped wire as one suspected case of OneCoin laundering funds.

Policy & regulation  ·  21 September 2020

US Moves to Seize $400M From Convicted OneCoin Money Launderer

The U.S. Department of Justice wants an attorney to hand over the massive sum he helped launder for the OneCoin scheme.

Policy & regulation  ·  2 September 2020

Promoters of Crypto Ponzi Scheme OneCoin Murdered in Mexico

Two promoters of the crypto Ponzi scheme OneCoin were found dead in Mexico last month.

News  ·  15 July 2020
Money Laundering

FBI Report on Laundering by Private Funds Cites OneCoin Fraud in All but Name

OneCoin, an infamous crypto fraud, makes an uncredited cameo in a leaked FBI intelligence bulletin on the money-laundering risks of investment funds.

Policy & regulation  ·  15 July 2020

Alleged Leader of OneCoin Ponzi Has Sentencing for Money Laundering Adjourned

Konstantin Ignatov has again had his sentencing date adjourned while he continues to cooperate with U.S. prosecutors.

Policy & regulation  ·  8 July 2020

Singapore Man Fined $72K for Promoting Crypto Ponzi OneCoin

Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.

Policy & regulation  ·  3 July 2020

Crypto Scams Targeting Pacific Communities on the Rise, Say New Zealand Regulators

A rise in cryptocurrency and coronavirus investment scams has prompted authorities to launch an awareness campaign.

News  ·  13 May 2020

OneCoin Lawsuit Could Be Thrown Out Over Plaintiff Failings, Warns Judge

A class action against the accused cryptocurrency Ponzi scheme may be dismissed with prejudice unless the plaintiffs up their game.

Policy & regulation  ·  13 April 2020

Alleged Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image

The OneCoin cryptocurrency project – accused by authorities of being a Ponzi scheme – may have attempted to counter negative news by using "inauthentic" accounts to place favorable reviews on TrustPilot and Quora, according to new research.

News  ·  29 January 2020

OneCoin Founder’s Brother Faces 90-Year Jail Term After Plea Deal

The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities.

Markets  ·  14 November 2019

UK Woman Faces Death Threats After Speaking Out on Alleged Scam OneCoin

The British woman says she received death threats after speaking on a podcast about the alleged Ponzi scheme.

Markets  ·  16 October 2019
Ponzi Schemes

OneCoin Claims It’s Not a Ponzi or Pyramid Scheme

The OneCoin project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit a narrow definition of either.

Markets  ·  17 May 2019

Alleged Multibillion-Dollar Pyramid Scheme OneCoin Sued by Former Investor

The cryptocurrency investment scheme OneCoin, widely claimed to be a fraud, is being sued by a former investor over her losses.

Policy & regulation  ·  8 May 2019