A UK Excessive Court docket has issued a world freeze order on property linked to people accused within the $4 billion OneCoin fraud case, in keeping with an Aug. 8 assertion shared with CryptoSlate.
The order targets the property of OneCoin founder Ruja Ignatova, generally known as “CryptoQueen,” and co-founder Sebastian Greenwood, who acquired a 20-year jail sentence within the US final yr.
The property of 4 influencers — Karri Wahlroos, Dr. Muhammed Zafar, Moynul Islam, and his brother Monirul Islam — who promoted the scheme have been frozen. Moreover, two British residents—Christopher Hamilton and Robert MacDonald — who allegedly helped launder funds from the scheme have been additionally affected.
Moreover, property belonging to the companies beneficially owned by Ignatova have been additionally frozen.
Rhymal Persad, a associate at Mishcon de Reya — the regulation agency representing the OneCoin traders— said that the ruling seeks to supply redress for traders who suffered losses from the fraudulent scheme. He added:
“The fraudulent OneCoin scheme significantly impacted the lives of its victims who ranged from refined to put traders, all of whom misplaced vital sums in what’s believed to be one of many largest frauds ever perpetrated.”
OneCoin fraud
This growth marks a major second within the practically decade-long case that has drawn international consideration.
Launched in late 2014, OneCoin introduced itself to traders as a Bitcoin rival. In actuality, it was a world multi-level advertising scheme with no actual expertise or worth.
The scheme’s chief, Ruja Ignatova, vanished after flying to Athens in 2017 and was added to the US Federal Bureau of Investigation’s (FBI) 10 Most Wished record in 2022. The FBI suspects she might have undergone cosmetic surgery or in any other case altered her look.
Nonetheless, reviews claimed that Ignatova might need been killed in November 2018 by the Bulgarian mafia. Regardless of these claims, the FBI continues to supply a $5 million reward for info resulting in her arrest.
