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Old 9th March 2019, 21:29   #25
webthing
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Join Date: Sep 2002
Location: South Central Pennsylvania USA
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U.S. calls 'OneCoin' huge pyramid scheme, charges leaders

NEW YORK (Reuters) - U.S. authorities on Friday announced criminal charges against the alleged leaders of an multibillion-dollar pyramid scheme involving the sale of a fraudulent cryptocurrency, OneCoin.

Konstantin Ignatov, who runs OneCoin Ltd, and his older sister Ruja Ignatova, who co-founded OneCoin and is known as “Cryptoqueen,” were accused of swindling investors coveting big returns and low risk, in a scheme conceived as a fraud.

Prosecutors said OneCoin, which still operates, claimed to have more than 3 million members, who would receive commissions for recruiting new members to buy cryptocurrency packages.





https://www.reuters.com/article/us-c...-idUSKCN1QP1WF
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