News about Ponzi Scheme

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...

by COINS NEWS - 1 year ago

$120M OneCoin-Like Crypto Ponzi Scheme Busted in India

For any who’ve been around crypto long enough, you’re familiar with OneCoin and the “Crypto Queen” who ripped a lot of people off with her ponzi. Glad to see this scheme get dismantled, which reportedly was similar in operation to OneCoin’s pla...

by COINS NEWS - 1 year ago

The US banking system is the real Ponzi scheme

Crypto gets a lot of wrath from critics about how its a Ponzi scheme and how its just creating value out of nothing… Do you know what the biggest Ponzi scheme of all? Its the American banking system. US banks have a 0% reserve requirement since 2020...