'Fake Bitcoin' - How this Woman Scammed the World, then Vanished

A video on YouTube. In Tech, a Krater category.

Summary by Krater

This video investigates the $15 billion OneCoin cryptocurrency fraud founded by Dr. Ruja Ignatova, exploring how the multi-level marketing scheme deceived millions of investors worldwide before Dr. Ruja disappeared in late 2017.

From the video

Answers: What was the OneCoin cryptocurrency scam and what happened to its founder Dr. Ruja Ignatova?

Cryptocurrency fraud
OneCoin scheme
Multi-level marketing
Dr. Ruja Ignatova disappearance
Financial scam investigation

What it concludes

OneCoin was a multi-level marketing scheme that operated as a fraudulent cryptocurrency without actual blockchain technology or mining.
Dr. Ruja Ignatova disappeared in late 2017 and remains missing while facing charges of wire fraud and money laundering.
The OneCoin organization recruited millions of investors globally, extracting an estimated $15 billion in fraudulent investments through educational packages.
Konstantin Ignatov, Dr. Ruja's brother, took over leadership of OneCoin before being arrested by the FBI in Los Angeles in March 2019.
A OneCoin lawyer was found guilty of fraud involving $50 million and is awaiting sentencing.

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