[Washington Examiner] The FBI added the "Cryptoqueen" to its Ten Most Wanted Fugitives list for allegedly leading a scheme to defraud millions of people in a fake cryptocurrency scheme.Bulgarian Ruja Ignatova co-founded OneCoin, a fake cryptocurrency company, in 2014 and has defrauded investors out of over $4 billion, according to the FBI. Authorities are offering a $100,000 reward for information leading to the arrest of Ignatova.
OneCoin was promoted as a cryptocurrency to rival the popular Bitcoin but was used by Ignatova to take advantage of people seeking to invest in the cryptocurrency craze, according to the FBI.
FBI Special Agent Ronald Shimko is working on the case in the bureau's New York field office. He explained the way Ignatova allegedly scammed investors with her scheme in a statement.
| Update from Deutsche Welle at 1:45 p.m. ET: Ms Ignatova is a German citizen. |
Ignatova's accomplice, former corporate lawyer Mark Scott, was recently found guilty of conspiracy to commit bank fraud and conspiracy to commit money laundering by a New York City federal court.