Cryptoqueen wanted for R89 million suspected to be hiding in South Africa

German police believe that reports of Roja Ignatova’s death may be greatly exaggerated.

German police believe that OneCoin cofounder Ruja Ignatova could be alive and are following leads in South Africa to trace her whereabouts, Der SpiegelUS authorities have said that Ignatova spearheaded OneCoin, and that it was a $4 billion Ponzi scheme.

She remained a fugitive even after several other participants in the scheme were convicted or pleaded guilty and received lengthy prison sentences. Karl Sebastian Greenwood, the cofounder and main promoter of OneCoin, pleaded guilty and was sentenced to 20 years in prison last September. Kamenov was also wanted for his alleged involvement in the murder of Lyubomir Ivanov, a former policeman who was shot dead in Sofia in March last year.

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