Ruja Ignatova swindled US$4 billion in 2017 and remains on the run
OneCoin founder Ruja Ignatova stole US$4 billion from her investors before vanishing without a trace. She went company shopping in Malta long before the meteoric rise of her fraudulent crypto business.
“For a period, Ruja may have experimented with the shadowy world of Maltese gambling websites,” journalist Jamie Bartlett writes in his new book The Missing Crypto Queen. “Malta was a well-known ‘gateway’ location to move money in and out of the EU, and the tiny island nation had a thriving online gambling industry.”
The new book by Bartlett describes how, in early 2015, OneCoin was increasingly finding trouble moving large amounts of moving money through banks. So, Ignatova experimented with using a tried and tested method of moving dirty money, including by the Italian underworld – Maltese online gaming companies.
Ignatova or someone holding nominee status on her behalf used a Bulgarian company formation agent to set...
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