OneCoin Leaders Charged in Multibillion-Dollar Pyramid Scam
- Head of organization arrested in Los Angeles earlier this week
- Bulgarian authorities raided agent of OneCoin last year
Photographer: Paul Hampartsoumian/REX/Shutterstock
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The leaders of an alleged multibillion-dollar international pyramid scheme that involved the marketing of the cryptocurrency OneCoin were charged by U.S. prosecutors with fraud and money laundering.
The alleged head of the scheme, Konstantin Ignatov, was arrested Wednesday at Los Angeles International Airport and charged with conspiracy to commit wire fraud, Manhattan U.S. Attorney Geoffrey Berman said in a statement. Ignatov’s sister Ruja, the founder and original leader of OneCoin, was charged with wire fraud, securities fraud and money laundering. She hasn’t been arrested.