🔥 Key Takeaways
- Guernsey authorities have seized £8.59 million (approximately $11.4 million USD) linked to the OneCoin fraud.
- The funds were held at RBS International under the name Aquitaine Group Limited, controlled by Ruja Ignatova, the infamous “Cryptoqueen.”
- The seized assets originated from the sale of two London apartments purchased with money obtained through the OneCoin Ponzi scheme.
- The funds will be transferred to Guernsey’s Seized Asset Fund and are intended for victim compensation and law enforcement efforts.
- This seizure represents a significant blow to the already fragmented OneCoin empire and a step towards justice for its victims.
Guernsey Seizes Millions in OneCoin Assets: A Win for Justice
In a significant development in the ongoing saga of the OneCoin Ponzi scheme, Guernsey authorities have seized £8.59 million (approximately $11.4 million USD) linked to the fraudulent cryptocurrency. The funds were held at RBS International under the name Aquitaine Group Limited, an entity found to be under the control of Ruja Ignatova, the infamous “Cryptoqueen” who masterminded the multi-billion dollar scam.
Where Did the Money Come From?
According to reports, the seized assets are traced back to the sale of two London apartments. These properties were allegedly purchased with proceeds derived directly from the OneCoin Ponzi scheme, where investors were lured with promises of high returns on a cryptocurrency that was ultimately worthless.
What Happens Next?
The seized funds will now be transferred to Guernsey’s Seized Asset Fund. The primary purpose of this fund is to compensate victims of financial crimes and to support law enforcement efforts in combating such schemes. This seizure represents a tangible step towards justice for the thousands of individuals who were defrauded by OneCoin.
The Crumbling Empire of the Cryptoqueen
Ruja Ignatova, the charismatic face of OneCoin, disappeared in 2017 and remains at large. While her whereabouts are currently unknown, this recent seizure in Guernsey highlights the ongoing efforts to dismantle her network and recover assets stolen from investors. While individual seizures won’t return all the funds lost, they serve as a warning to other potential fraudsters and demonstrate the resolve of authorities to pursue them relentlessly. The seizure in Guernsey continues to tighten the noose on the remaining OneCoin assets, furthering justice for fraud victims.
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