Missing Cryptoqueen: What happened to the world’s most wanted woman?
Jun 27, 2024
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The podcast explores the mysterious disappearance of Ruja Ignatova after scamming investors with a fake cryptocurrency, OneCoin. It delves into allegations of her potential murder by the Bulgarian underworld king and her addition to the FBI's Most Wanted list. The episode uncovers ties to organized crime and the challenges of investigating the vast sums of money involved in the scam.
Ruja Ignatova deceived investors with OneCoin, a multibillion-dollar cryptocurrency scam.
Speculations surround Ignatova's disappearance, including possible ties to organized crime and suspicions of murder.
Deep dives
The Rise of OneCoin and Dr. Ruja Ignatova
Dr. Ruja Ignatova, known as the self-styled queen of cryptocurrency, founded OneCoin, a fraudulent cryptocurrency scheme that scammed billions of dollars from investors worldwide. Promising immense wealth, Ignatova attracted millions of investors through global events and charismatic appearances, presenting herself as a visionary CEO. Despite the apparent success, OneCoin was a massive scam, with investors losing everything as the cryptocurrency held no real value.
The Investigation and Mysterious Disappearance
Following OneCoin's unraveling, an intense investigation into Dr. Ruja Ignatova's whereabouts uncovered connections to the Bulgarian underworld, including suspicions of her being murdered by the alleged kingpin, Taki. Ignatova's sudden disappearance in 2017, combined with allegations of plastic surgery and fake documents to evade capture, has led to a web of conspiracy theories and sightings, leaving victims and authorities unsure of her fate.
The Ongoing Impact and Persistence of OneCoin
Despite the collapse of OneCoin, its rebranded forms like OneEcosystem continue to operate in different countries, targeting new demographics. While some convicted individuals associated with the scam have been ordered to repay millions, the billions lost by investors remain largely unrecovered. The saga of Dr. Ruja Ignatova and OneCoin continues to intrigue with ongoing investigations, potential ties to organized crime, and the unanswered question of her ultimate fate.
Is she dead or alive? Ruja Ignatova launched a fake cryptocurrency that conned investors out of more than $4 billion. Then, with the police on her trail, she vanished. A years-long investigation has led BBC journalists down a rabbit hole of scams, spies and organised crime – including the new allegation that Ignatova may have been murdered by the suspected king of the Bulgarian underworld. But what is fact and what is rumour?
Katya Adler is joined by Rob Byrne from the BBC podcast “The Missing Cryptoqueen”, and Storm Theunissen from BBC Eye Investigations, who directed the Panorama film “The Missing Cryptoqueen: Dead or Alive?”
TGS is part of the BBC News Podcasts family. The team that makes The Global Story also makes several other podcasts, such as Americast and Ukrainecast, which cover US news and the war in Ukraine. If you enjoy The Global Story, you may well like some of our other pods, too. To find them, simply search on your favourite podcast app.
This episode was made by Peter Goffin and Alix Pickles. The technical producer was Hannah Montgomery. The assistant editor is Sergi Forcada Freixas and the senior news editor is Sam Bonham.
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