OneCoin’s Cryptoqueen Associates Face German Fraud Trial

Oct. 18, 2022, 11:46 AM UTC

Some of the first people in Europe to face criminal allegations over their role in a multibillion-dollar international fraud run by founder of cryptocurrency OneCoin appeared in a German court on Tuesday.

Three people, including a Munich lawyer who worked for cryptoqueen Ruja Ignatova, are accused of money laundering, fraud and banking crime allegations in one of the industries mist infamous scams. The attorney allegedly transferred €20 million ($19.7 million) for Ignatova to buy two London apartments for €75 million euros to the Cayman Islands. Ignatova is on the run and wanted by authorities in the US and Europe.

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