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Individuals and entities behind the fraudulent cryptocurrency OneCoin face UK lawsuit brought by investors

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by COINS NEWS 76 Views

Individuals and entities behind the fraudulent cryptocurrency OneCoin face UK lawsuit brought by investors

A claim will be brought in the High Court in London on behalf of OneCoin investors who suffered losses as a result of the OneCoin cryptocurrency fraud

It is estimated that the fraudulent scheme – which marketed a fake cryptocurrency and acted as a Ponzi scheme - took in more than $4bn dollars from investors globally

The defendants to the litigation will include, among others, Ruja Ignatova, co-founder of OneCoin

Ignatova, once the public face of OneCoin, has not been seen publicly since October 2017, and her current whereabouts are unknown

Mishcon de Reya LLP has been instructed to bring the claim by Jen McAdams, the well-known UK-based OneCoin victim advocate and author of the book "Devil's Coin"

submitted by /u/WineMakerBg
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