US authorities have increased a reward for information leading to the arrest and conviction of the alleged mastermind behind the massive OneCoin cryptocurrency fraud to $5 million.
The State Department on Wednesday said it was increasing the payout for any details about the whereabouts of OneCoin co-founder Ruja Ignatova. The reward was initially set at $100,000 when she was added to the Federal Bureau of Investigations’ list of the 10 most-wanted fugitives in June 2022.
US authorities say Ignatova spearheaded a $4 billion international Ponzi scheme that offered commissions to members for recruiting others to buy packages of the worthless ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.