Three people related to the crypto scam OneCoin and its founder Ruja Ignatova aka Cryptoqueen appeared in a German court facing charges over their role in the fraud.
One of them is a Munich lawyer who is accused of transferring €20 M ($19.7 M) via the Cayman Islands on her behalf to buy two apartments in London. According to a report by Bloomberg, two other persons are a husband and wife who allegedly carried out payments worth over $315 M from OneCoin investors.
OneCoin was founded in 2014. In 2017, its founder Ruja Ignatova disappeared after the project raised $4 billion. Her location is still unknown. This June, the FBI added the Cryptoqueen to its list of most wanted fugitives. According to investigators, OneCoin is a pyramid that defrauded over 3 M investors.
Statements about OneCoin's cryptocurrency and its growing value were fake and backed by nothing. Ignatova’s brother Konstantin Ignatov ran the company after his sister’s disappearance. In 2019, he pled guilty to fraud and money laundering.