Bulgarian authorities have taken the extraordinary step of disowning OneCoin Ponzi founder Ruja Ignatova.
Ignatova, who was born in Bulgaria, held twin Bulgarian-German citizenship.
In an April 18th press-release, Bulgaria’s Ministry of the Inside declared Ignatova has been “launched from Bulgarian citizenship.”
The MOI goes on to substantiate that Ignatova is needed by German authorities.
The Bulgarian citizen Ruzha Ignatova, born in Bulgaria, has been declared internationally needed on the request of the authorities within the Federal Republic of Germany.
It has been reported to the Schengen Info System (SIS) and is aimed toward arrest and extradition on the premise of a European Arrest Warrant issued by a courtroom in Bielefeld, Germany.
Ignatova is needed for felony exercise associated to business fraud, progressive buyer recruitment and cash laundering by creating and distributing OneCoin digital forex.
Along with being needed by Germany, Ignatova is has been indicted within the US too.
The Bielefeld Public Prosecutor’s Workplace’s investigation into OneCoin surfaced in 2017.
As a part of that investigation, which has since led to Frank Ricketts’ felony trial, OneCoin’s workplaces in Sofia have been raided in 2018.
Slightly than conduct their very own investigation and lead the raids, Bulgarian authorities served as chaperones for German investigators.
In actual fact to at the present time, OneCoin continues to function the pyramid aspect of its Ponzi scheme via the identical raided Sofia workplaces.
It’s via this prism that it’s troublesome to see Ignatova being stripped of citizenship, as nothing greater than a belated PR stunt.
OneCoin launched in 2014. Having achieved completely nothing about it up up to now, Bulgaria now seems to need to disassociate itself from the $4 billion Ponzi.
The actual fact of the matter although is Ruja Ignatova is Bulgarian. OneCoin originated from inside Bulgaria and OneCoin continues to be operated from inside Bulgaria.
OneCoin is Bulgaria’s mess and it wants to wash it up. It’s completely shameful it’s left to the US and Germany to control a multi-billion Bulgarian Ponzi scheme.
Continued inaction by Bulgarian authorities is a stain that can’t be eliminated via stripping Ignatova of citizenship.
It is among the worst, if not the worst, instance of ongoing MLM associated regulatory incompetence I’ve ever seen.
As famous within the MOI’s press-release “the seek for a 41-year-old German citizen, born in Bulgaria, continues”.
As at time of publication, main theories are Ruja Ignatova is useless, or hiding in Dubai or Russia.
She is believed to be dwelling on pretend ID paperwork, and has probably had extra beauty surgical procedure since disappearing in 2017.