US offers $5M reward for elusive OneCoin CEO Ignatova

The U.S. Department of State has offered a reward of up to $5 million for information leading to the arrest or conviction of OneCoin’s fugitive CEO Ruja Ignatova. The 44-year-old, also known as Cryptoqueen, is wanted for several offenses including wire fraud and securities fraud, it said. Ignatova attracted millions of unsuspecting investors by marketing OneCoin as a Bitcoin alternative that would reward early movers. The Oxford graduate was selling a Ponzi scheme that did not use a digital public ledger like legitimate cryptocurrencies.