A worldwide search for Onecoin founder, Dr. Ruja Ignatova, has been launched after being placed on Interpol’s list of most wanted in Europe.

Bulgarian Ignatova is alleged to have swindled more than 12.7 billion pounds – 152.2 billion kroner – in a pyramid scheme.

The cryptocurrency is said to have been marketed as an alternative to Bitcoin, but in reality it is just a pyramid scheme. Onecoin does not actually have an operational blockchain, meaning that the coin cannot be actively traded or used for payments.

Compared to Madoff

– He is one of the greatest criminals in the world, says writer Jamie Bartlett ugliness.

Next, the author draws parallels with the game’s largest pyramid in the world, built by the now deceased Bernie Madoff.

Madoff is said to have swindled nearly NOK 440 billion over 20 years. The case still stands as the largest pyramid scheme the world has ever seen.

– White-collar crimes are often not taken as seriously as violent crimes. But these scams involved billions of pounds out of other people’s pockets, resulting in bankruptcies and the destruction of families around the world, Bartlett continued.

Only left

“Ignatova is the driving force and intellectual inventor of cryptocurrency,” Interpol said in a statement.

Ignatova is said to have been a fugitive since October 2017. Interpol is offering up to 5,000 euros to individuals with information that could lead to the arrest of the self-proclaimed crypto queen.

Most of his accomplices, on the other hand, had been taken. These include co-founder Karl Sebastian Greenwood, his brother Constantine and their attorney Mark Scott.