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Believe 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 may use it to purchase issues in a selected e-commerce retailer. Oh, these have been the times. The biggest factor about exploring OneCoin and Dr. Ruja’s story is that it displays how naive the crypto world truly was only a few years in the past. In some ways, it nonetheless is.
In “The Missing 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 courses and was revered and hated for it. What else can Jamie and Georgia study Ruja Ignatova by tracing her steps? Let’s discover out.
Remember, you’ll be able to obtain episodes directly from the BBC, or hearken to “The Missing Cryptoqueen” by way of Apple, Spotify, or iVoox.
About “The Missing 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 location in 2019 and interview the survivors of that story. They inform them that Ruja Ignatova acquired there, impressed all people, and made loads of guarantees that she didn’t preserve. After that, she disappeared, successfully rug-pulling all people. Interesting reality, 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 have been damaged into and loads of paperwork went lacking, alongside together with her. The manufacturing unit staff that the podcast interviewed all appear to assume that this was staged and that Dr. Ruja took and destroyed some necessary paperwork. “It’s exactly the same story,” certainly one of them says evaluating OneCoin and DealShaker to the manufacturing unit in query. When issues acquired robust, Ruja Ignatova bought the corporate and disappeared. The manufacturing unit stays closed to today.
In the subsequent part’s second quote, you’ll sense the magnitude of that first case in opposition to Dr. Ruja. She paid the positive and saved it pushing. And, in keeping with the manufacturing unit staff, she discovered that the subsequent time she was going to need to disappear for actual.
Quotes From “The Missing Cryptoqueen,” EpisodeSix – “The Überflieger”
In what seems a diary entry, we be taught in regards to the younger Ruja Ignatova:
“Ruja was always friendly to everyone. She was always well behaved and cheerful, and the teachers were deeply fond of her. She doesn’t drink and she would never degrade herself to eating pizza. Her favorite classes were “p,” she was faultless, and every now and then she likes “ari.” Generally, she acquired on very effectively together with her colleagues. Stop. Maybe we must always follow the reality. Okay, positive. Maybe I did have the benefit of tormenting some college students. I used to be at all times in search of the possibility to unfold new amusing tales about them.”
This quote summarizes the results of Ruja’s first fraud:
“This time, the law caught up with Dr. Ruja. In 2016, she was convicted in a German court for several crimes. Intentional breach of duty in the event of insolvency, fraud, withholding an embezzlement of employees’ wages, and violation of accounting duties, She received a 14-month suspended sentence and an €18,000 fine. The local newspaper reported that Ruja reappeared to attend the ruling and showed no emotion when the judgment was passed down. She quietly slipped out and returned to Bulgaria, and carried on with OneCoin as if nothing had happened.”
More About Dr. Ruja’s Past
Later within the episode, Jamie and Georgia affirm that Ruja actually acquired a PHD. “She’s smart,” Georgia says. Then, Multi-Level Marketing makes a second look. We be taught that in 2014, Ruja Ignatova tried to promote… look forward to it… bitcoin utilizing MLM strategies. The producers introduce Sebastian Greenwood, a Multi-Level Marketing skilled that appears to have created the Dr. Ruja character with Ignatova. She had the charisma, he had the method. They simply wanted a product they might management.
Last 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 all the pieces in there’s garbage and challenges Jamie to seek out 5 issues he desires and pays in OneCoin solely. Jamie goes by way of DealShaker and realizes the already shady characters that promote merchandise by way of the platform largely need Euros. Is DealShaker actually a OneCoin market?
At the top of the episode, a personal detective that the manufacturing employed apparently discovered a woman that might be Ruja Ignatova in Athens. Could or not it’s?
BTC value chart for 11/03/2022 on Bitstamp | Source: BTC/USD on TradingView.com
Extra Material: OneCoin Responds To The FCA
Approximately six years in the past, the Financial Conduct Authority of the United Kingdom issued a warning in opposition to OneCoin. The firm responded and NewsBTC reported the story:
“In the assertion, OneCoin has known as itself a worldwide software program and expertise firm with places of work in Bulgaria, Hong Kong, and the United Arab Emirates. The firm 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 committed to following good business practices and the relevant rules and regulations in the countries in which it operates. It will co-operate fully with the authorities in pursuit of this objective.”
Episode Credits
Presenter: Jamie Bartlett
Producer: Georgia Catt
Story guide: Chris Berube
Editor: Philip Sellars
Original music and sound design: Phil Channell
Original music and vocals: Dessislava Stefanova and the London Bulgarian Choir
Previous Companion Guides For BBC’s “The Missing Cryptoqueen” Podcast:
Featured Image: The Missing Cryptoqueen brand by BBC | Charts by TradingView
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