The $15 Billion Crypto Scam

THE $15 Billion Crypto Scam : Global Manhunt

Dr. Raja Ignat may not be well-known to the general public, but to a select group of people, she is a superstar. She was the creator and spokesperson for the cryptocurrency One Coin, which was branded the "Bitcoin killer" and promised to change the way we think about money. On the strength of one coin and the three million investors, Dr. Rocha achieved fame and fortune, but suddenly in late 2017 she vanished without a trace. What was later discovered was a tale of greed, deceit, fraud, and an international scam worth millions of dollars. Dr. Rocha traveled the world speaking to packed audiences at sold-out venues about how one coin was similar to Bitcoin but bigger, better, and easier to use.

In 2016, a 36-year-old crypto founder entered the stage to a standing ovation from adoring fans as the song This Woman Is On Fire reverberated throughout the Wimberly arena. While the woman on stage was a superstar of sorts, she wasn't a pop singer; instead, she was none other than Dr. Raja Ignat, the founder of one coin and one of the pioneers of the global cryptocurrency movement, though it was only recently that the cheering crowd became aware of the same ideologies that the larger cryptocurrency movement was founded on the notion that traditional banks and governments had too much power when it came to currency and that it was time for a revolution to democratize money, giving the power back to the people, on the back of the 2008 global financial crisis, many people were willing to listen and rightly so. So in this regard, she was correct. The one coin found her went on to blame the big banks' greed for the financial crisis and declared that the current system was old and out-of-date and that cryptocurrencies in general, and in particular one coin, would be the future. But it went deeper than that as Dr. Raja spoke to thousands of investors at Wembley Stadium. She spoke about joining not just a good investment and not just a revolutionary global financial movement, but a family. We are the largest cryptocurrency reserve currency available, and to anyone who accuses me of violating the cryptocurrency ethos, guys, understand that as a larger community, we determine what the ethos of cryptocurrency is. In two years, there won't be any mention of Bitcoin anywhere Investors joined a network called One Life and joined whatsapp groups with insider information, often being told to ignore the outside haters. They even had their own hand symbol, which was a symbol of the network.

But despite all of this, Dr. Raja had the credentials to make the statement. She studied at Oxford and holds a PhD. Prior to joining One Coin Grief, she worked for McKenzie, a very exclusive global consulting firm. Within three years of the company's launch, there were over 3 million investors from around the world. Conferences and seminars sprang up everywhere, from the United States to China to the UK to African countries. At the very least, each event would feature a video of Dr. Rocha

Things were going well for one coin until late 2017, but earlier in the year, cracks started to appear. In April 2017, Indian police in Mumbai detained 18 people for trying to host a onecoin recruiting event, but during the sting, 11 million dollars were transferred out of bank accounts before the police could seize them. In light of all of this, what was going to be done by Dr. Richard?

Dr. Raja had a plan, She was scheduled to speak at a one coin seminar in Lisbon, Portugal, in October 2017, but she was unable to attend. Her colleagues noticed that she was incredibly punctual and would frequently refuse to attend meetings if the other parties were even one minute late. When they called her, she didn't answer and left no messages, so no one knew where she was. Being the leader of a movement as valuable as one coin has its targets. Fears for her safety grew throughout the room, according to reports that she was abducted by several major banks. The crypto creator was aware of this and strolled about with two bodyguards.

She fled from them, but no one has seen Dr. Raja since that day. After she vanished, Dr. Raja’s younger brother, constantan, took over as the head of the Onecoin Empire. He served as her bodyguard and personal assistant and was described by former coworkers as being somewhat dim. In March 2019, as constantan was about to board a flight from Los Angeles to Bulgaria, the FBI detained him and Char.

so, what exactly was one coin in the first place? It was essentially multi-level marketing. Multi-level marketing frequently makes use of individuals to find new customers who buy data packages. The issue with multi-level marketing is that it rarely if ever actually creates any value in the form of a product or a service. You make a commission for every person that you bring into the business. This includes a cut of that person's future sales including everyone that they bring into the business. People generate money mostly through hiring new employees, so the top few earn all the money while the rest are left with nothing.

The ability to mine one coin is available through educational packages that sell for one coin. The exchange that allows real money to be traded for one coin has been under construction for years and has experienced constant delays, but the company will claim that they sell educational packages that help teach people about our financial freedom. Each of these educational packages could cost anywhere between $100 and $100,000. However, there really isn't any mining happening on the blockchain. The fundamental structure of cryptocurrency doesn't even exist in one coin.

Many of the educational resources in these packages were eventually discovered to be plagiarized from other sources, which is how one Queen made their money. The buyers of these packages were informed that the money they used to purchase them would be converted into one coin that is guaranteed to increase in value, but this turned out to be false. Perhaps by utilizing legal sleight of hand and loopholes, they have been able to expand so quickly and evade regulation when dealing with digital goods that are intangible, such as education packages.

Naturally, people are more skeptic, so I respect anyone who has concerns, offers criticism, or simply wants to talk to us. However, what I dislike is when individuals fail to conduct adequate research and fail to understand the details of the scheme, which was launched by the best and most seasoned multi-level marketing representatives and reached as far as Uganda. The seminars spread the scheme throughout the world and attracted an increasing number of people to the get rich scheme.

It's not difficult to see how they could have been duped by her motivational speeches and impeccable credentials, but not everything was as it seemed. One of the first Google image search results from Dr. Ruja appears to be her on the front cover of Time magazine. Personally, she lost 10,000 journalists and friends, and the war has cost the world $250,000.

Here, she is, the front cover of Forbes, far from it, this was a paid advertisement in Forbes Bulgaria magazine. The advertisement appeared halfway through the magazine next to another advertisement for watches. Of course, this was just a ruse to make readers believe Forbes had conducted a front-page interview with her. Nevertheless, Dr. Rocha has a PhD, attended Oxford, and is undoubtedly intelligent. When she appeared at events, people were not only mesmerized by her words but also impressed by her reputation, which is what made purchasing one coin seem so alluring. Her carefully crafted persona was an attempt to establish authority and credibility around her. What did you learn about buying one coin and the potential returns?

They were informed that it would increase in value when she bought the packages, so when you bought the $5,000 package, it became worth $40,000 in digital currency. That is how you were contacted, and it sounds like you have an amazing financial life to enjoy. In honor of its gorgeous founder One Coin, who ended up disappearing from the face of the world and was accused of abusing her brother, who took over the show's direction, One Coin oddly hosted a beauty pageant. It was a hastily planned event designed to promote one coin at a time, and the company's reputation was clouded by suspicion. the top five contestants received $25,000 in plastic surgery vouchers or one coin for that amount. The company stated that it would have a twenty to fifty million viewers and that Vogue would sponsor it, but these statements could not be further from the truth.

There are only a few hundred attendees, and Vogue was unaware of the competition. Reading the website for miss one life calm reveals grammatical errors, and it appears to be an ordinary internet scam. Despite this, it's amazing to consider that this organization received 15 billion dollars in investments because it reveals an uncomfortable truth that not only reflects individual human nature but society as a whole.

Dr. Raja is an illustration of, With so much information being published on the internet continually, consumers don't have time to double-check sources, and businesses may outright lie about the truth and get away with it. This is blowing the doors to the modern age wide open. Even when lies are exposed, it's so simple to blame fake news haters or simply put out opposing content. Multi-level marketing, which depends on a community and person-to-person selling, can resemble a cult in some ways because the small percentage of people who discover the truth have a much smaller voice than the lie that was first told.

The individuals on the inside are led to believe that the outside opposes this us-versus-them mentality. mentality was one of the reasons why one coin appeared to continue proceeding so easily to the believers the entire financial sector and the majority of the world's governments wanted to put an end to a revolution many still believe that Dr. Rogers's disappearance was for her own safety as opposed to her defrauding everyone and making off with their money.

However, during testimony after being detained by the FBI, her brother and former bodyguard Constantan states that Dr. Raja was living in Bulgaria before she vanished and that she told him that she was very tired of all the haters and was afraid that someone close to her would give her up to the FBI. So where is Dr. Raja? Right now, that's anyone's guess. The last information we have is that Dr. Rocha purchased airline tickets to Vienna, Austria, and Athens, Greece.

Since her disappearance, Constantan hasn't spoken to her sister; he hired a private detective to track her down, but to no avail.

According to BBC journalists, up to $1 million is still being pulled in each week. Her lawyer has recently been found guilty of fraud to the tune of $50 million U.S. dollars and is awaiting sentencing. It's difficult to predict where she is, but there's a high chance that she's in the United States. Her brother is in custody awaiting trial. And yet, her company is still operating with steadfast believers and new ones buying in every day. With all of this said, the wealth she acquired from one coin may mean that finding her is impossible because her mother was unnerved by her daughter's disappearance, suggesting that Dr. Raja made a calculated exit as mentioned. Her last known travel destination was Athens, Greece, though some clue is pointed to by London and Russia. In a bizarre way, this is a tremendous accomplishment to have deceived so many people before disappearing off the face of the world. It was almost like a religion until the doctor threw one coin, which highlighted some obvious flaws in society.

Changing so quickly that it's challenging to stay up This can generally be a great thing, but on the other hand, many people can be duped into believing in technology they don't understand, especially in this day and age with so many sides to every story and the emergence of fake news surrounding the Internet, it's easy to get lost in an echo chamber of confirmation bias today. It also seems to be much harder for people to change their minds and consider opposing information. Dr. Ruja, who is alleged to have fled with $400,000,000, may never be found. Some people even think that she underwent significant plastic surgery to alter her appearance. It's so sad to see this happen, but the only lesson to be learned is to always do your research before investing into anything. According to sources, the amount lost ranges from four billion to fifteen billion dollars. For the sake of all of those investors who were conned and lost everything, we can only hope that, Dr. Ruja Ignat resurfaces somewhere and has to answer for her misconduct.