OneCoin founder Ruja Ignatova is selling penthouse in UK

abdelaziz Fathi

OneCoin founder Ruja Ignatova, who steered one of the world’s biggest cryptocurrency frauds, is back into the spotlight more than five years after vanishing from the public eye.

Ignatova, also known as the “missing Cryptoqueen”, resurfaced in a filing linked to a London property, which was reportedly submitted to the British government this month.

The Bulgarian woman, believed to be in her 40s, was listed as a beneficial owner of Abbots House Penthouse Limited, which she purchased under a Guernsey-based company name. Lawyers representing Ignatova listed her name on the penthouse that went up for sale with an asking price of $15.5 million which was then downgraded to $13.6 million.

Ignatova, who disappeared without a trace since 2017, reportedly came out of the oblivion because of a new rule in the UK which required any “beneficial owner” to be named in full rather than just her shell company.

OneCoin was founded in 2014 by the Bulgarian businesswoman, who served as OneCoin’s top leader until her disappearance. Since 2016, the project has been a subject of investigations in the US and UK, and several countries have tried to catch scam operatives ever since.

The FBI added Ignatova last year to its list of 10 most wanted fugitives — a notoriety normally bestowed on suspected cartel leaders, terrorists and killers. Announcing a reward of up to $100,000 for information leading to her arrest, federal investigators accuse Ignatova of defrauding victims out of more than $4 billion.

Her brother, Konstantin Ignatov, who is accused of co-masterminding the OneCoin pyramid scheme, was arrested in 2019 and pleaded guilty to several charges, including money laundering.

Despite desperately attempting to diminish his role within OneCoin, Ignatov ultimately revealed some details about the disappearance of his sister, implying even he was duped by Ignatova. He told the judge that the OneCoin founder described critics of her exit-scam as “haters,” and that she was afraid somebody close to her was going to give her up to the FBI.

The FBI has also arrested Mark Scott, a former partner with the international law firm Locke Lord, who has been accused of laundering approximately $400 million, which investigators claim is the proceeds of OneCoin scheme.

Investigators say that Scott laundered funds through hedge funds in the Cayman Islands and sent the majority of these funds back to the unnamed founders of the scheme.

  • Read this next

    Executive Moves

    FXPA elects Joe Hoffman as new Chair in its 10th anniversary

    “The opportunity to serve as Chair of the FXPA is truly an honor, and I am committed to upholding the exceptional work of a FXPA. Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

    Market News

    Eurozone Fights Stagnation Whilst Stock Indices Rally

    European stock markets are defying economic gloom as they continue to soar to all-time highs, showcasing resilience amidst broader economic challenges.

    Web3

    Lisk Partners with Indonesia’s Communications Ministry to Boost Web3 Startup Ecosystem

    Discover the strategic partnership between Lisk and the Indonesian Ministry of Communications and Informatics, aimed at propelling local Web3 startups to new heights through comprehensive support and education.

    Executive Moves

    Admirals appoints founder Alexander Tsikhilov as CEO

    “Striking the right balance between sourcing new talent and developing and harnessing the strength and capabilities of our current workforce, is key to achieving our vision.”

    Executive Moves

    GCEX appoints Ignacio Corral and Helen Man to UK operation

    GCEX has announced the appointment of Ignacio Corral and Helen Man to its UK FCA-regulated operation based in London as the firm further expands its global business on account of increasing demand for its digital prime brokerage services.

    Retail FX, Uncategorized

    Public.com to shut down UK operation after eight months

    Public.com’s UK withdrawal reflects broader market dynamics, where increased competition among retail investing platforms, including newcomers like Robinhood and Webull, pressures companies to consolidate their efforts in their most profitable or strategic markets.

    Industry News

    UK FCA commits to swifter enforcement actions

    “Reducing and preventing serious harm is a cornerstone of our strategy. By delivering faster, targeted and transparent enforcement, we will reduce harm and deter others. We will also make greater use of our intervention powers to stop harm in real time.”

    Digital Assets

    Ultimate Crypto Trading Software: Zent Launches Innovative Platform For All Institutional Needs

    Zent, a pioneering software provider for financial institutions, has unveiled its all-in-one platform for high-speed crypto trading across popular exchanges. The “ultimate tool tailored to institutional teams and trading volumes” offers distinct advantages, eliminating hurdles like delays and market impact.

    Digital Assets

    OKX officially launches Turkish crypto trading platform

    “With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem.”

    <