Imagine it or not, the DealShaker marketplace continues to be working. The commerce arm of the OneCoin empire, DealShaker offered a transparent and verifiable use case for OneCoin as a forex. The token was actual since you might use it to purchase issues in a particular e-commerce retailer. Oh, these had been the times. The best factor about exploring OneCoin and Dr. Ruja’s story is that it displays how naive the crypto world really was only a few years in the past. In some ways, it nonetheless is.
In “The Lacking Cryptoqueen’s” sixth episode, we journey to the previous. It’s titled “The Überflieger” referring to a “high-flying” particular person. That’s how lecturers of the previous described Dr. Ruja, who was undoubtedly the star in all of her lessons and was revered and hated for it. What else can Jamie and Georgia find out about Ruja Ignatova by tracing her steps? Let’s discover out.
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About “The Lacking Cryptoqueen,” Episode Six – “The Überflieger”
Our blast from the previous episode begins in 2009, 5 years earlier than OneCoin and DealShaker. Bitcoin was getting into the scene and so was Dr. Ruja, who purchased a manufacturing unit in Germany. Jamie and Georgia go to the positioning in 2019 and interview the survivors of that story. They inform them that Ruja Ignatova obtained there, impressed everyone, and made a variety of guarantees that she didn’t hold. After that, she disappeared, successfully rug-pulling everyone. Attention-grabbing truth, each her father and her mom labored on the manufacturing unit. Which suggests Ruja Ignatova is a household girl.
When Dr. Ruja disappeared, the manufacturing unit places of work had been damaged into and a variety of paperwork went lacking, alongside together with her. The manufacturing unit employees that the podcast interviewed all appear to assume that this was staged and that Dr. Ruja took and destroyed some essential paperwork. “It’s precisely the identical story,” considered one of them says evaluating OneCoin and DealShaker to the manufacturing unit in query. When issues obtained robust, Ruja Ignatova offered the corporate and disappeared. The manufacturing unit stays closed to at the present time.
Within the subsequent part’s second quote, you’ll sense the magnitude of that first case in opposition to Dr. Ruja. She paid the effective and stored it pushing. And, in keeping with the manufacturing unit employees, she realized that the following time she was going to must disappear for actual.
Quotes From “The Lacking Cryptoqueen,” EpisodeSix – “The Überflieger”
In what seems a diary entry, we study in regards to the younger Ruja Ignatova:
“Ruja was all the time pleasant to everybody. She was all the time effectively behaved and cheerful, and the lecturers had been deeply keen on her. She doesn’t drink and she or he would by no means degrade herself to consuming pizza. Her favourite lessons had been “p,” she was faultless, and at times she likes “ari.” Typically, she obtained on very effectively together with her colleagues. Cease. Perhaps we should always persist with the reality. Okay, effective. Perhaps I did benefit from tormenting some college students. I used to be all the time on the lookout for the prospect to unfold new amusing tales about them.”
This quote summarizes the results of Ruja’s first fraud:
“This time, the legislation caught up with Dr. Ruja. In 2016, she was convicted in a German courtroom for a number of crimes. Intentional breach of obligation within the occasion of insolvency, fraud, withholding an embezzlement of workers’ wages, and violation of accounting duties, She obtained a 14-month suspended sentence and an €18,000 effective. The native newspaper reported that Ruja reappeared to attend the ruling and confirmed no emotion when the judgment was handed down. She quietly slipped out and returned to Bulgaria, and carried on with OneCoin as if nothing had occurred.”
Extra About Dr. Ruja’s Previous
Later within the episode, Jamie and Georgia affirm that Ruja actually obtained a PHD. “She’s sensible,” Georgia says. Then, Multi-Stage Advertising and marketing makes a second look. We study that in 2014, Ruja Ignatova tried to promote… await it… bitcoin utilizing MLM strategies. The producers introduce Sebastian Greenwood, a Multi-Stage Advertising and marketing knowledgeable that appears to have created the Dr. Ruja character with Ignatova. She had the charisma, he had the approach. They simply wanted a product they might management.
Final however not least, we meet Duncan. He as soon as was an integral a part of the OneLife group and it’s the thoughts behind DealShaker. He says every little thing in there’s garbage and challenges Jamie to search out 5 issues he desires and pays in OneCoin solely. Jamie goes via DealShaker and realizes the already shady characters that promote merchandise via the platform largely need Euros. Is DealShaker actually a OneCoin market?
On the finish of the episode, a non-public detective that the manufacturing employed apparently discovered a woman that may very well be Ruja Ignatova in Athens. Might it’s?
BTC value chart for 11/03/2022 on Bitstamp | Supply: BTC/USD on TradingView.com
Further Materials: OneCoin Responds To The FCA
Roughly six years in the past, the Monetary Conduct Authority of the UK issued a warning in opposition to OneCoin. The corporate responded and NewsBTC reported the story:
“Within the assertion, OneCoin has referred to as itself a worldwide software program and expertise firm with places of work in Bulgaria, Hong Kong, and the United Arab Emirates. The corporate has additionally described OneCoin has a digital forex sharing few options with current cryptocurrencies. These similarities are confined to the upkeep of all transaction information on a database.
The digital forex firm, within the final paragraph of the assertion, expresses its full cooperation,
“OneCoin is dedicated to following good enterprise practices and the related guidelines and rules within the nations by which it operates. It can co-operate totally with the authorities in pursuit of this goal.”
Episode Credit
Presenter: Jamie Bartlett
Producer: Georgia Catt
Story marketing consultant: Chris Berube
Editor: Philip Sellars
Unique music and sound design: Phil Channell
Unique music and vocals: Dessislava Stefanova and the London Bulgarian Choir
Earlier Companion Guides For BBC’s “The Lacking Cryptoqueen” Podcast:
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