British police seize $408 million and arrest woman aged 39 - page 4.

arabspaceship123

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Quote from: temple on July 13, 2021, 10:37:23 AM

That's some good amount of money she laundered! Cheesy

I bet that there will also be a decent amount hidden somewhere that is not going to be found unless she was extremely stupid and now gets 100% busted. Actually, maybe it doesn't matter because she most likely going to be in jail for a very long time! Interesting story anyway! Wink

It is not always the evil men, hm?

She'll receive a big prison sentence even if it isn't Ruscha Ignatow because $408 million isn't small change. Yes it's possible she's hidden some away but by the time she's released from prison the best years of her life will be behind her.

Quote from: mckinleeanael07 on July 13, 2021, 11:06:41 AM

It sounds interesting that a woman the age of a mother with a macro mindset is a talented woman who uses her talents in the wrong place. I have heard a lot in the news about crimes like selling organs, selling drugs to launder money with cryptocurrency, and entrepreneurs calling people the heads of Ponzi schemes. I see a lot of people committing crimes and what they do is inevitable from the law.

It doesn't look like she's involved with human trafficking or selling human organs other else the British police would've mentioned it. I'd like to know how she accumulated $408 million in cryptocurrency and which cryptocurrency was seized.

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Quote from: arabspaceship123 on July 13, 2021, 08:30:49 AM

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 Ruscha Ignatowa 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.

If she was devious enough to accrue that much, I have a feeling she may be hiding a lot more cryptocurrency in other locations. For all the talk about people using Bitcoin to commit crimes, when you see cases like this you cannot help but wonder what sort of resources that government agencies are now working with in order to trace the money - after all it can get funneled very transparently into rather few wallets at the point of consolidation. I wonder if they hacked the wallets (or the devices they were on) first before arresting her, or she ended up giving away the wallet access in some other way. It would also be interesting to know at what point she bought into Bitcoin because the original owners could ironically be sitting on a huge windfall of cash if it was purchased before the most recent price hikes, even if they weren't cashing out at the all time high.

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I hope that seized crypto will go back to its due owners that have been victimized by that person. And I think I understand why the authorities haven't named the con. I guess they'll track down the people that are involved with their operation so that they can also arrest them in a surprise.

Quote from: mckinleeanael07 on July 13, 2021, 11:06:41 AM

It sounds interesting that a woman the age of a mother with a macro mindset is a talented woman who uses her talents in the wrong place. I have heard a lot in the news about crimes like selling organs, selling drugs to launder money with cryptocurrency, and entrepreneurs calling people the heads of Ponzi schemes. I see a lot of people committing crimes and what they do is inevitable from the law.

There are many of them, they want an easy life, easy money but the world that they're walking around isn't going to be wider anymore. They're going to hide like rats which looks like the rats are chasing them everywhere.

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Well if she got the bitcoin via fraud then she deserves to rot in jail. That’s a large bitcoin stash which clearly has been gotten via illegal means. I hope that somehow some of the victims can be reimbursed.

agg2702

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this is what can actually harm traders and their depositors of assets in the form of crypto, especially bitcoin. because indirectly the negative stigma about crypto will get bigger because they think crypto is only for gambling and money laundering.
but on the other hand I really appreciate the police in revealing this because this is a fairly serious crime.
and I'm sure a well-deserved punishment awaits them

newwest

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Guilty will be punished and such acts are not at all accepted. Its sad to hear such things because as it is involving crypto the government and people has already created perception that crypto is bad and used for illegal or money laundering stuff only. Though it happen with cash as well but some government do not want to take such chances and put a stay or has banned in counties thus citizens could not make the best use of crypto due to it.
I just wish people do make the best use of crypto as it is meant to be rather than using it for all wrong reasons.

kaggie

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The article says 114 million pounds and doesn't mention a woman?

Do you have another reference?

edit: oh, you referenced that. You have a good memory..

mckinleeanael07

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It sounds interesting that a woman the age of a mother with a macro mindset is a talented woman who uses her talents in the wrong place. I have heard a lot in the news about crimes like selling organs, selling drugs to launder money with cryptocurrency, and entrepreneurs calling people the heads of Ponzi schemes. I see a lot of people committing crimes and what they do is inevitable from the law.

temple

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Quote from: arabspaceship123 on July 13, 2021, 08:30:49 AM

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 Ruscha Ignatowa 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.

That's some good amount of money she laundered! Cheesy

I bet that there will also be a decent amount hidden somewhere that is not going to be found unless she was extremely stupid and now gets 100% busted. Actually, maybe it doesn't matter because she most likely going to be in jail for a very long time! Interesting story anyway! Wink

It is not always the evil men, hm?

arabspaceship123

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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.

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