I don't think that it's "Crypto Queen" or Ruja Ignatova because if it is then probably we would be hearing of the news because she is on FBI's most wanted for fraud. Also, that amount isn't that a lot compared to how much she have stolen during the One Coin arc in her story. Maybe they didn't named the woman for protection and to prevent interruption to police procedure.
Topic: British police seize $408 million and arrest woman aged 39 (Read 657 times)
That's what I'm thinking because Ignatova's 41 but the woman arrested by police is 39 it means there's a discrepancy. If it's her it would've been leaked to newspapers and social media so it isn't her.
I don't think that it's "Crypto Queen" or Ruja Ignatova because if it is then probably we would be hearing of the news because she is on FBI's most wanted for fraud. Also, that amount isn't that a lot compared to how much she have stolen during the One Coin arc in her story. Maybe they didn't named the woman for protection and to prevent interruption to police procedure.
Bitcoin's being linked with crime, the bad publicity's not helping adoption of cryptocurrencies because people get scared.
The police didn't make more announcements about the name of the woman. We know they've seized $408 million but it might be she's got more secrets to give. This woman probably isn't Ruja Ignatova, she'll face up to 90 years jail in US jail if she get caught but she'll make a deal with prosecutors for reducing her term.
The police didn't make more announcements about the name of the woman. We know they've seized $408 million but it might be she's got more secrets to give. This woman probably isn't Ruja Ignatova, she'll face up to 90 years jail in US jail if she get caught but she'll make a deal with prosecutors for reducing her term.
Cases like that can be bad publicity for Bitcoin, although it's unfair since it's a ponzi scheme (and thus a crime regardless of whether it's crypto-related), and it's not about Bitcoin at all, and not about compromising the reputation of any major altcoins either.
Also, while I think that some punishment is in order when scammers are caught, I think 90 years of prison is too tough... Why not focus on the financial part in these cases? Since they seized so much money, surely they could (although probably won't) return this money to victims. Plus, they could make her pay some big fines as well and limit access to finance-related work positions. I think such actions would be more useful to society than spending taxpayers' money and totally ruining one's life with a life sentence.
Also, while I think that some punishment is in order when scammers are caught, I think 90 years of prison is too tough... Why not focus on the financial part in these cases? Since they seized so much money, surely they could (although probably won't) return this money to victims. Plus, they could make her pay some big fines as well and limit access to finance-related work positions. I think such actions would be more useful to society than spending taxpayers' money and totally ruining one's life with a life sentence.
it.is not a small act.of fraud.this is.very detrimental.to many people with such.a large number, what the British police.did was.very appropriate to take action.against criminals.who committed.fraud, and we all hope that these.criminals can.be punished.with a long time, according.to the regulations.in the country, because this.is very detrimental.to other people by deceiving.people, we can.only hope that this does not happen in.this forum forever
If she's lost $408 million I'm confident she won't have money to pay for expensive lawyers. She'll get a free lawyer funded by the state. If she supplies info on her team she's getting a reduced prison term but I'm sure she's not walking free without serving years in jail.
She would need very good lawyers to get away with no prison. Not only good lawyers, but outstandingly valuable information for the police such that they offer her a deal. Anyway, I can't imagine her walking straight into freedom very soon.
This just reminded me of Gerald Cotten from QuadrigaCX, the guy who went to India then allegedly died from some disease after 9 days and never returned. Just to let you guys know, there will soon be a documentary about it, just google:
$215,000,000 missing: Mysterious death of the CEO of Canada’s largest cryptocurrency firm explored in documentary
This just reminded me of Gerald Cotten from QuadrigaCX, the guy who went to India then allegedly died from some disease after 9 days and never returned. Just to let you guys know, there will soon be a documentary about it, just google:
$215,000,000 missing: Mysterious death of the CEO of Canada’s largest cryptocurrency firm explored in documentary
Well, it is not unusual that in such high profile cases world class lawyers show up and assume your case for a cut in case there should be a chance for success. As crypto is a hot topic with a lot of media attention and almost half a billion is at risk, who knows maybe she is lucky. Or maybe someone else is willing to fund her lawyers. It definitely depends on her quality as a potential whistle blower. If she has nothing to defend herself, there won't be much interest in her case.
If she's lost $408 million I'm confident she won't have money to pay for expensive lawyers. She'll get a free lawyer funded by the state. If she supplies info on her team she's getting a reduced prison term but I'm sure she's not walking free without serving years in jail.
If the police have confiscated all her assets but why did the woman get paid expensive lawyers by the state to find out the truth, I'm sure the perpetrator will give up saying anything because he doesn't want to enjoy his own prison if onecoin is the biggest scammer community. 
It was one of the biggest ponzi/fraudster act in the cryptospace. Once the news about her was a big talk in the community, because of the onecoin which is termed to grow above bitcoin. By the time myself searched for documentary about onecoin and got astonished to watch the way she motivate people to invest on onecoin. None believe she had a thought of scamming, when everyone realise it the investments were taken by her and few more.
After a long hearing news about her. It is good she's caught and this will be a lesson to such kind of person who are hidden in the cryptospace.
After a long hearing news about her. It is good she's caught and this will be a lesson to such kind of person who are hidden in the cryptospace.
In the digital media I found no mention of the arrest of Ruja Ignatova 'Cryptoqueen'. Perhaps it is a rumor but remembering the criminal act of this woman and her organization was one more reason for wanting to kill bitcoin with her shameless ponzi scheme and she did not succeed now she is a fugitive and sooner or later she will have to respond to justice.
Sometimes I think that criminals have a mental lapse, do they really believe that they will succeed in their crimes? There is no perfect crime, greed always comes out at some point showing the clues that something is wrong.
From something bad that happens we always collect good things now we can know how to recognize a scam project.
The following article points out that Ruja Ignatova may own 230,000 bitcoins.
https://news.bitcoin.com/lawsuit-claims-onecoins-cryptoqueen-ruja-ignatova-holds-230000-bitcoin/
Sometimes I think that criminals have a mental lapse, do they really believe that they will succeed in their crimes? There is no perfect crime, greed always comes out at some point showing the clues that something is wrong.
From something bad that happens we always collect good things now we can know how to recognize a scam project.
The following article points out that Ruja Ignatova may own 230,000 bitcoins.
https://news.bitcoin.com/lawsuit-claims-onecoins-cryptoqueen-ruja-ignatova-holds-230000-bitcoin/
Quite possible that the ones found weren't all of the money she had kept from profiteering and fraudster. Many rich individuals who had a taste of money laundering would quite agree that it is never wise to put all your eggs in one basket, which goes for both investing and funnily enough money laundering too. Hopefully the money seized from this putrid excuse of a woman could be reinstated and returned to her victims in a way or another.
Cases like that can be bad publicity for Bitcoin, although it's unfair since it's a ponzi scheme (and thus a crime regardless of whether it's crypto-related), and it's not about Bitcoin at all, and not about compromising the reputation of any major altcoins either.
Also, while I think that some punishment is in order when scammers are caught, I think 90 years of prison is too tough... Why not focus on the financial part in these cases? Since they seized so much money, surely they could (although probably won't) return this money to victims. Plus, they could make her pay some big fines as well and limit access to finance-related work positions. I think such actions would be more useful to society than spending taxpayers' money and totally ruining one's life with a life sentence.
For me it could work both ways, signifying that no one is above the law, not even bitcoin owners could give some people who are skeptical about bitcoin's tough privacy and security a little bit of relief knowing that criminals and bitcoin thieves can still very well be caught with enough manpower and dedication from the appropriate sectors. Or like what you said it could also scare them from investing since their first impression of bitcoin was for criminals to launder their money into. Also, while I think that some punishment is in order when scammers are caught, I think 90 years of prison is too tough... Why not focus on the financial part in these cases? Since they seized so much money, surely they could (although probably won't) return this money to victims. Plus, they could make her pay some big fines as well and limit access to finance-related work positions. I think such actions would be more useful to society than spending taxpayers' money and totally ruining one's life with a life sentence.
If she's lost $408 million I'm confident she won't have money to pay for expensive lawyers. She'll get a free lawyer funded by the state. If she supplies info on her team she's getting a reduced prison term but I'm sure she's not walking free without serving years in jail.
She would need very good lawyers to get away with no prison. Not only good lawyers, but outstandingly valuable information for the police such that they offer her a deal. Anyway, I can't imagine her walking straight into freedom very soon.
This just reminded me of Gerald Cotten from QuadrigaCX, the guy who went to India then allegedly died from some disease after 9 days and never returned. Just to let you guys know, there will soon be a documentary about it, just google:
$215,000,000 missing: Mysterious death of the CEO of Canada’s largest cryptocurrency firm explored in documentary
This just reminded me of Gerald Cotten from QuadrigaCX, the guy who went to India then allegedly died from some disease after 9 days and never returned. Just to let you guys know, there will soon be a documentary about it, just google:
$215,000,000 missing: Mysterious death of the CEO of Canada’s largest cryptocurrency firm explored in documentary
what the British police do is very appropriate to reduce crime, the criminal is very worthy of being punished in accordance with applicable law and the crime is very suitable for big-time criminals who have harmed many people, and we are in this forum I hope that this doesn't happen to us, because it is very detrimental to others
what the British police.have done is.very appropriate, don't give any space to people who want to commit.crimes anywhere and in.any form because it.is very.detrimental to others.the law must.also be strict.for people who do this so that they can.provide deterrent.effect for.criminals not to do it.again in.the future, we also hope that this does not happen in.this forum because it.can.harm other people
Cases like that can be bad publicity for Bitcoin, although it's unfair since it's a ponzi scheme (and thus a crime regardless of whether it's crypto-related), and it's not about Bitcoin at all, and not about compromising the reputation of any major altcoins either.
Also, while I think that some punishment is in order when scammers are caught, I think 90 years of prison is too tough... Why not focus on the financial part in these cases? Since they seized so much money, surely they could (although probably won't) return this money to victims. Plus, they could make her pay some big fines as well and limit access to finance-related work positions. I think such actions would be more useful to society than spending taxpayers' money and totally ruining one's life with a life sentence.
Also, while I think that some punishment is in order when scammers are caught, I think 90 years of prison is too tough... Why not focus on the financial part in these cases? Since they seized so much money, surely they could (although probably won't) return this money to victims. Plus, they could make her pay some big fines as well and limit access to finance-related work positions. I think such actions would be more useful to society than spending taxpayers' money and totally ruining one's life with a life sentence.
That is the point. The larger the number of people involved and the more complex it becomes to hide every single step, the more likely it is to get caught. As I said, the police might even have more people on their radar, but the incentive might not be high enough. If you launder 4,000 USD, the police might not want to spend resources right now to catch you. A lot of people may think they laundered some amount successfully, but I guess many of them are already on a list.
If there's many people involved it's obvious someone's left clues the police spotted. It's likely she's going to name names because she doesn't want to go to prison. The police website news haven't updated but I'm confident it's not Ruja Ignatova because she's big news they wouldn't be able to hide it. On what point on why they are making that show if they could simply made in silent way if they had already arrested the real one?Its no point that they would really be announcing it publicly
because if they do then they would really be flocked out by those investors who had lost their money in Onecoin.Im not aware on this project though but everyone that do commit
some fraud or crime should really face the consequences and imagine on how big the money had been stole or scam out then 90 years is not enough.
All we know is she's 39 years old so it might not be Ruja Ignatova. We don't know who's been arrested we're waiting for the police to give info.because if they do then they would really be flocked out by those investors who had lost their money in Onecoin.Im not aware on this project though but everyone that do commit
some fraud or crime should really face the consequences and imagine on how big the money had been stole or scam out then 90 years is not enough.
She would need very good lawyers to get away with no prison. Not only good lawyers, but outstandingly valuable information for the police such that they offer her a deal. Anyway, I can't imagine her walking straight into freedom very soon.
This just reminded me of Gerald Cotten from QuadrigaCX, the guy who went to India then allegedly died from some disease after 9 days and never returned. Just to let you guys know, there will soon be a documentary about it, just google:
$215,000,000 missing: Mysterious death of the CEO of Canada’s largest cryptocurrency firm explored in documentary
That is the point. The larger the number of people involved and the more complex it becomes to hide every single step, the more likely it is to get caught. As I said, the police might even have more people on their radar, but the incentive might not be high enough. If you launder 4,000 USD, the police might not want to spend resources right now to catch you. A lot of people may think they laundered some amount successfully, but I guess many of them are already on a list.
If there's many people involved it's obvious someone's left clues the police spotted. It's likely she's going to name names because she doesn't want to go to prison. The police website news haven't updated but I'm confident it's not Ruja Ignatova because she's big news they wouldn't be able to hide it. On what point on why they are making that show if they could simply made in silent way if they had already arrested the real one?Its no point that they would really be announcing it publicly
because if they do then they would really be flocked out by those investors who had lost their money in Onecoin.Im not aware on this project though but everyone that do commit
some fraud or crime should really face the consequences and imagine on how big the money had been stole or scam out then 90 years is not enough.
All we know is she's 39 years old so it might not be Ruja Ignatova. We don't know who's been arrested we're waiting for the police to give info. because if they do then they would really be flocked out by those investors who had lost their money in Onecoin.Im not aware on this project though but everyone that do commit
some fraud or crime should really face the consequences and imagine on how big the money had been stole or scam out then 90 years is not enough.
British police seize record $408 million haul of cryptocurrency
It's big news a 39 year old woman was arrested in connection with money laundering in excess of £114 million cryptocurrency. The same woman's being questioned by British police after more than £180 million of cryptocurrency was discovered later. They've linked over £294 million of cryptocurrency directly to her, that's $408 million. Maybe they'll find more.
The first name in my head was Ruja Ignatova she's a Bulgarian fraudster. She was a founder of the One Coin ponzi but wiki shows her age at 41 not 39. She's been sentenced by US authorities for wire fraud, securities fraud and money laundering.
British police didn't name the woman they'd arrested or name the cryptocurrencies they seized but if it's her it's certain she'll get extradited to the US where she'll face up to 90 years jail for the ponzi.
It's big news a 39 year old woman was arrested in connection with money laundering in excess of £114 million cryptocurrency. The same woman's being questioned by British police after more than £180 million of cryptocurrency was discovered later. They've linked over £294 million of cryptocurrency directly to her, that's $408 million. Maybe they'll find more.
The first name in my head was Ruja Ignatova she's a Bulgarian fraudster. She was a founder of the One Coin ponzi but wiki shows her age at 41 not 39. She's been sentenced by US authorities for wire fraud, securities fraud and money laundering.
British police didn't name the woman they'd arrested or name the cryptocurrencies they seized but if it's her it's certain she'll get extradited to the US where she'll face up to 90 years jail for the ponzi.
Yeah she deserved it! Karma is real!! I remember back a couple of years ago before pandemic began, I met a good friend where she also invested on One Coin. She admitted about losing a lot of money in that ponzi scam because of not doing the homework.
I just hope the police would not dump the market lol!
You reminded me One Coin didn't have a blockchain. It was filled with hype publicity and was obviously a ponzi but people flocked to it because they'd fallen for the trap Ruja Ignatova put there. Now I'm thinking the British police didn't arrest Ruja Ignatova so it's another woman or else they'd release big information on the news.
On what point on why they are making that show if they could simply made in silent way if they had already arrested the real one?Its no point that they would really be announcing it publiclybecause if they do then they would really be flocked out by those investors who had lost their money in Onecoin.Im not aware on this project though but everyone that do commit
some fraud or crime should really face the consequences and imagine on how big the money had been stole or scam out then 90 years is not enough.
The police haven't confirmed who they've caught we don't know her name maybe it's not Ruja Ignatova. The woman they've arrested couldn't work alone because $408 million's big amount to accrue. Even if they tried their best to hide from police they've made mistakes that's why they've been arrested. An insider whistleblower could've informed police about her, loyalty doesn't exist if the whistleblower's going to get a share of $408 million fortune.
Well, the fact of the matter is that indeed opportunities do make thieves and it is quite easy to try it with crypto. I am not saying it is easy to pull it off successfully, but if you got some criminal energy, perhaps a situation in life where it is even easier to justify for yourself, crypto is an option. Perhaps the best option people like her have. I believe though that a lot of people underestimate the effort i requires to not get caught eventually. She probably wasn't on her own, so maybe someone else made a mistake that led to her and what not. The sum is large enough and represents incentive enough even for whistleblowers who might have known what she is/was doing.
That is the point. The larger the number of people involved and the more complex it becomes to hide every single step, the more likely it is to get caught. As I said, the police might even have more people on their radar, but the incentive might not be high enough. If you launder 4,000 USD, the police might not want to spend resources right now to catch you. A lot of people may think they laundered some amount successfully, but I guess many of them are already on a list.
The police didn't say which cryptocurrency was seized when the 39 year old woman was arrested. It could've been bitcoin or a mix we don't know.
What will they do with these bitcoins?
The police haven't confirmed who they've caught we don't know her name maybe it's not Ruja Ignatova. The woman they've arrested couldn't work alone because $408 million's big amount to accrue. Even if they tried their best to hide from police they've made mistakes that's why they've been arrested. An insider whistleblower could've informed police about her, loyalty doesn't exist if the whistleblower's going to get a share of $408 million fortune.
Well, the fact of the matter is that indeed opportunities do make thieves and it is quite easy to try it with crypto. I am not saying it is easy to pull it off successfully, but if you got some criminal energy, perhaps a situation in life where it is even easier to justify for yourself, crypto is an option. Perhaps the best option people like her have. I believe though that a lot of people underestimate the effort i requires to not get caught eventually. She probably wasn't on her own, so maybe someone else made a mistake that led to her and what not. The sum is large enough and represents incentive enough even for whistleblowers who might have known what she is/was doing.
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