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3 The mastermind behind the largest fraud operations

The cryptocurrency industry attracted ambitious and criminals of risk, and all of them attract the promise of wealth. However, the thin line between ambition and greed has led to a darker path.

This industry has witnessed many fraudsters who organize complex encrypted fraud, fraud on billions of billionaires through Bonzi plans, failed exchanges, and metal coins. From the mastermind of the fugitive to the exchange operators that turned into criminals, individuals have gained these plans to shame their audacity and deception.

Roja Plaminova Ignatova

Ruja Plamenova Ignatova, known as “Cryptoqueen”, is located in the middle of one of the largest fraud in history. Ghanatova was born in Bulgaria and grew up in Germany.

I graduated from Oxford University and initially continued a successful financing profession. In 2014, she co -founded the cryptocurrency with Karl Sebastian Greenwood. The operations were based in Sofia, Bulgaria.

Onecoin promised high returns for investors. Ignatova sales stadium was convincing.

I have convinced millions around the world to invest in Onecoin. It works through the multi -level marketing system (MLM).

I claimed that Onecoin would be a revolutionary cryptocurrency that can compete with Bitcoin (BTC).

“Onecoin is supposed to be a Bitcoin killer. Within two years, no one will talk about Bitcoin anymore,” He said Investors.

In 2015, Ignatova revealed that Onecoin was formally entering the United States market. However, the following year, cracks began to appear as investors found it difficult to sell OneCoins and restore their initial investments.

It was later revealed that OneCoin was a planned planner without any verified Blockchain, as investors were raging more than $ 4 billion worldwide. Legal documents showed that Ignatova and Greenwood were aware from the start that the project was a fraudulent project.

“It may not be [something] Really clean, usually work, or even I can be proud of it (except for you separately when we reap money) – but. . . I am especially good in these particular border cases [sic]Where things become gray-and you are as a magic sales machine-and I as a person can really work with numbers, legal and support you in a good and professional way-we can really make them big-like MLM meets the fragmentation of Wall Street; –) “Ignatova Books to Greenwood.

On October 12, 2017, Ignatova was accused of fraud and money laundering. The authorities also issued a federal arrest warrant.

However, it disappeared shortly. Ignatova took a commercial trip from Sofia, Bulgaria, to Athens, Greece, and has not been seen since then.

The FBI has placed the IGNATOVA on the list of the ten wanted fugitives, and provides up to $ 5 million to the information that it captures. It is also one of the most desirable fugitives in Europe.

Ruja Plamenova Ignatova in the most required FBI menu
Ruja Plamenova Ignatova in the required FBI menu. source: Federal Bureau of Investigation

Meanwhile, in December 2022, Greenwood acknowledged that he was guilty of fraud and the charge of money laundering in relation to the scheme. In addition, in April 2024, the American boycott judge, Edgardo Ramos, sentenced the former ONECOIN legal chief, Irina Delkenska, to four years in prison.

Despite the extensive media coverage and the huge size of its fraud, Ignatova is still far in 2025.

Faruk fatih özer

Faruk fath özer thodex, which is the exchange of a Turkish encrypted currency that has become notorious for the massive oral fraud. Thodex was founded in 2017, and soon became one of the largest encryption platforms in Türkiye.

In April 2021, the stock exchange suddenly closed, with a message on Thodex on the web that the platform would be in a non -communication mode for four to five days. However, this was the beginning of a major crisis.

More than 400,000 users found themselves unable to reach their accounts, as about $ 2 billion of cryptocurrencies on the platform were secured.

After the closure, Fatih özer fled to Albania. Meanwhile, the authorities arrested his sister, Sirb Azar, his brother, Gofin Ozer, and four other employees. Moreover, about 83 people were detained as part of the investigation.

The disappearance of the chase Oser. He was arrested in Albania in 2022 and after that he was delivered to Türkiye in 2023. In September 2023, Fatih özer was alongside his brothers, Heal To 11,196 years in prison.

However, in January 2025, the twenty -second criminal chamber of the Istanbul Regional Court of Justice canceled part of the original decision. The court acquitted 16 of the defendants on charges of “qualified fraud” due to the lack of evidence. He also ordered the issuance of four defendants.

However, not all the defendants were released. The court launched that Fatih Ozer and his brothers were charged with “organizing and leading a criminal group”, but their detention continued on charges.

Satish Kombani

Satish Kumbahani, founder of BitConnect, the mastermind of a global Bonzi plan that moved investors with $ 2.4 billion between 2016 and 2018.

He and his partners promoted the royal BitConnect technology, “Bitconnect Trading Bot” and “Volatility Program”, as tools that can guarantee great profits by trading on the fluctuations of the cryptocurrency market.

However, Bitconnect was in fact the Bonzi chart, using funds from new investors to pay them earlier. Kumbhani closed the lending program after about a year.

Then he asked the promoters to manipulate the Bitconnect Coin (BCC) price to make it seem to be a real demand for it. Kumbhani and its partners also concealed investor money by mixing and riding a bicycle through BitConnect Governor and various international exchanges.

On September 1, 2021, the US Securities and Stock Exchange Committee (SEC) filed a lawsuit against Bitconnect. The organizer claimed this BitConnect Development of Retail Investors. Moreover, Glen Arku, Head of the North American Department at BitconnectHe acknowledged that he is guilty of conspiracy to commit wire fraud in the US provincial court.

Bitconnect founder was accused in February 2022 and faced multiple fees. If he is convicted of all charges, he may face imprisonment for up to 70 years.

“Kumbhani is accused of conspiracy to perpetuate wire fraud, fraud in wires, conspiring to commit tampering in commodity prices, operating unlicensed business, and conspiring to commit international money laundering,” statement Read.

Meanwhile, in September 2022, the court SinninCED Arkaru for 38 months in prison and ordered him to pay $ 17.6 million to victims from 40 countries.

Ruja Ignatova, Faruk Fatih özer and Satish Kumbhani show the devastating effect of encrypted fraud, with billions of losses and living. These situations highlight the need for more organizational supervision, the education of investors, and the international cooperation to combat fraud in space.

Disintegration

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