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OneCoin - The Biggest Crypto pyramid scheme ever!



Dr. Jonathan Levy is an attorney acting on behalf of investors and creditors who fell victim to the OneCoin pyramid scheme. He recently petitioned the Bulgarian Ombudsman. According to the petition, the Bulgarian government has failed to honor its commitments to the OneCoin victims. The losses incurred amount to up to 20 billion euros.

OneCoin - the largest financial pyramid in history

Dr. Levy calls for an investigation into the Bulgarian government's wrongdoing as OneCoin, one of the largest and most successful pyramids in history, and its clients continue to operate out of Bulgaria.

Reportedly, the government did nothing to seize OneCoin assets. This includes bank balances, real estate and 230,000 bitcoins worth over 12 billion euros. The mastermind behind OneCoin, Ruja Ignatova, is fleeting. The US declared OneCoin a criminal company. Despite this, OneCoin has been promoting new customers in Bulgaria this year.

OneCoin is still in the market, claims Dr. Levy:

Ironically, OneCoin once referred to itself as a “bitcoin killer,” but the accidental acquisition of bitcoins allows investors to recoup their losses if only Bulgaria took serious action against the criminals on its territory.

According to the petition, OneCoin is linked to terrorism and organized violent crime. The victims were threatened with violence for speaking up.

The lost crypto queen

About the creator of OneCoin, Ruja Ignatova, BBC had made a podcast series "The Missing Cryptoqueen" in 2019. She has been on the run since 2017 and was indicted in absentia in 2019 by the US authorities for securities fraud and money laundering.

Ruja is originally from the city of Sofia in Bulgaria. When she was ten years old, she emigrated with her family to Germany, where they lived in Baden-Württemberg. She graduated from the University of Konstanz in 2005 with a doctorate in European private law.

After Ruja and her father Plamen Ignatov illegally acquired a company, she was convicted of fraud in Germany in 2012. Shortly after the takeover, the company filed for bankruptcy under dubious circumstances. At that time, Ruja was sentenced to a suspended sentence of 14 months.

The following year she got involved in BigCoin, a multilevel marketing scam. In 2014 she founded the crypto scam OneCoin. Her brother Konstantin Ignatov pleaded guilty in 2019 to fraud and money laundering related to the financial pyramid.

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