Three associates of the founder of the crypto project OneCoin, Ruja Ignatova aka the ‘Cryptoqueen’ are being sued in German courts over allegations of fraud, money laundering and banking crimes.
On October 18, a Munich-based lawyer who is connected to Ignatova, appeared in court and is accused of transferring $19.7 million via the Cayman Islands on the Cryptoqueen’s behalf to purchase two London apartments.
Moreover, a husband and wife are also facing charges over handling $315.4 million worth of payments from OneCoin customers.
Prosecutors in the German court said that the OneCoin project was a scam, noting that the “ever-growing value was a fake and the mining process was only simulated by the software.”
According to the FBI, Ignatova’s project defrauded more than 3 million investors out of roughly $4 billion.
Ignatova’s last reported location was Athens, Greece.
She has been incognito since 2017 and is currently on the top ten most wanted list of the FBI. The FBI is also offering $100,000 for information about her.
