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Bulgaria to press charges against fugitive cryptocurrency fraudster

Bulgaria to press charges against fugitive cryptocurrency fraudster
BELGRADE - Bulgaria will press charges against fugitive Ruja Ignatova, the so-called Cryptoqueen who co-founded a cryptocurrency scheme that regulators believe defrauded investors of more than $4 billion, the chief prosecutor said on Wednesday. Read more at straitstimes.com.

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Bulgaria to press charges against "Cryptoqueen" Ruja Ignatova for $4 billion fraud scheme

The Bulgarian chief prosecutor announced on Wednesday that Bulgaria will be pressing charges against Ruja Ignatova, also known as the "Cryptoqueen," for her involvement in a cryptocurrency scheme that defrauded investors of more than $4 billion. Ignatova, who co-founded OneCoin in Sofia in 2014, has been on the FBI's most wanted list since 2022 for fraud and money laundering. The U.S. agency is offering $5 million for information leading to her arrest. Bulgarian authorities will be conducting a joint investigation with the FBI, and Ignatova will also be charged in absentia in Bulgaria, allowing for the confiscation of her illegally acquired property. Another co-founder of OneCoin, Karl Sebastian Greenwood, was sentenced to 20 years in U.S. prison in September, and the former head of legal and compliance was sentenced to four years in U.S. prison in April.

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