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OneCoin now owned by “poor boy” from Sofia – media

The companies behind the OneCoin MLM ponzi scheme have been transferred to Kristian Manolov from one of the less affluent suburbs of Bulgaria’s capital Sofia, reports the local daily 24 Chasa.

 

According to the article, the 28-year-old man has not been seen by his neighbors for a while, but they describe him as “a poor boy”. He is not answering his phone either. The practice of transferring troubled companies to poor and homeless people in exchange for a little money is fairly common in Bulgaria.

 

Initially, the several companies (OneLife, registered in Belize, One Network Services, registered in Bulgaria and OneCoin Ltd., registered in the UAE) behind the fraud have been owned by the “founder and visionary” of OneCoin – Ruzha Ignatova and her mother Veska Ignatova. The family has also owned an upscale restaurant and a luxurious home in Sofia, a yacht and the building that houses the OneCoin offices in downtown Sofia. The author of the article calculates that only the real estate cost around 8 million euro, while the yacht cost around 15 million euro.

 

The article claims that all of this has been transferred to various “poor people” by the end of 2017, just a few weeks before the police crackdown from last week. Back then the police and agents of the State Agency for National Security searched the One Network Offices, confiscated servers, equipment and documents and questioned over 50 people, but not Ruzha and her mother. They are being sought with a European arrest warrant issued by the prosecutor’s office of the German town of Bielefeld, but are still at large.

 

Meanwhile, the former right hand man of Ruzha Ignatova – Igor Alberts – and his wife Andrea Cimbala have launched an MLM Ponzi scheme of their own – the DagCoin. According to various media reports, Alberts, who is purportedly still earning $2.4 million a month through the OneCoin as of December 31st, 2017, has slammed OneCoin as fraud. Now he sells DagCoin, which is essentially the same as OneCoin – a scam.

 

TAGS: onecoin  bulgaria  ponzi scheme  fraud  police  ruzha ignatova  arrest 
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