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'Missing Cryptoqueen' Ruja Ignatova Added To FBI's 10 Most Wanted List

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The Federal Bureau Of Investigation (FBI) has added Bulgarian woman Ruja Ignatova, who looted billions through a Ponzi scheme known as OneCoin, to its Ten Most Wanted Fugitives list.

The 42-year-old fugitive, who is also known as the "missing Cryptoqueen," is being sought for her alleged leadership of the massive fraud scheme that affected millions of investors worldwide.

The FBI is offering a reward of up to $100,000 for information leading to her arrest.

In 2014, Ignatova and her partner founded OneCoin, a Bulgarian-based company that was marketed as a new virtual currency that they claimed would be the "Bitcoin killer." Ignatova allegedly made false statements and representations about OneCoin to draw people to invest in OneCoin packages.

According to investigators, Ignatova and her partner also promoted OneCoin through a multi-level marketing strategy that urged OneCoin investors to sell additional packages to friends and family.

Ignatova capitalized on the excitement surrounding cryptocurrencies to attarct new investors. While the company is said to have used many of the terms associated with virtual currencies, investigators believe that OneCoins were not mined in the way traditional to cryptocurrencies. In addition, the value of OneCoin was determined by the company rather than market demand.

"OneCoin claimed to have a private blockchain," said Special Agent Ronald Shimko, who is investigating the case out of the FBI's New York Field Office. "This is in contrast to other virtual currencies, which have a decentralized and public blockchain. In this case, investors were just asked to trust OneCoin," he added.

Throughout the scheme, OneCoin is believed to have defrauded victims all over the world out of billions. Shimko said Ignatova targeted individuals who may not have fully understood the ins and outs of cryptocurrencies but were moved by Ignatova's impressive resume and the marketing strategies used by OneCoin.

On October 12, 2017, Ignatova was charged in the U.S. District Court for the Southern District of New York and a federal warrant was issued for her arrest. Investigators believe Ignatova may have been tipped off that she was under investigation by U.S. and international authorities. She traveled from Bulgarian capital Sofia to Greek capital Athens on October 25, 2017, and has been absconding since then.

On February 6, 2018, a superseding indictment was issued charging Ignatova with one count each of conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering, conspiracy to commit securities fraud, and securities fraud.

Shimko hopes that the publicity of the Ten Most Wanted Fugitives list will bring more awareness to the case. "There are so many victims all over the world who were financially devastated by this. We want to bring her to justice," Shimko said.

Ignatova is only the 11th woman to have been placed on the FBI's Ten Most Wanted Fugitives list in its 72-year history. The young beauty has brown eyes and dark brown to black hair. Investigators, however, believe she could have altered her physical appearance.

As per the data provided by FBI, Ignatova speaks English, German, and Bulgarian. And she may be traveling on a fraudulent passport and has known connections to Bulgaria, Germany, Russia, Greece, and the United Arab Emirates. Shimko noted that before she disappeared, Ignatova lived a lavish lifestyle.

Those who have the whereabouts of Ruja Ignatova have been advised to contact their local FBI office or the nearest American Embassy or Consulate. Tips can be reported anonymously and can also be reported online at tips.fbi.gov, says a press release issued by the US investigative agency.

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