A four-billion-dollar Ponzi scheme is still pulling in victims. OneCoin, the cryptocurrency fraud that made its founder Ruja Ignatova one of the FBI's most wanted criminals, never stopped operating—it just changed its name and kept selling false hope.
Ignatova disappeared in 2017. She's been on Interpol's red notice list and landed on the FBI's most wanted list in July. But the machine she built kept running without her. Bulgarian authorities have sheltered OneCoin's remnants, allowing the operation to continue rebranding itself as "One Ecosystem" and staging events across major cities.
In December 2022, OneCoin planned to host a marketing event in London called "Reform"—the kind of marketing event that exists to rope in new investors with promises of cryptocurrency riches. Tickets cost £50. The target was clear. The method was old.
CEO Ventsislav Zlatkov, appointed earlier that year by the Bulgarian operatives still running what remained of OneCoin, was set to headline. Joining him were the usual cast: Ivan Zerkov, chief operating officer of DealShaker, OneCoin's failed e-commerce marketplace that was supposed to make the scheme look legitimate. Marketing executive Nikolay Manolov. Corporate coordinator Lyudmil Georgiev. Tommi Vuorinen, a top promoter from Finland and one of the few people who actually profited from the scam. These were the faces trying to convince new victims that OneCoin was real.
The hotel chosen to host this event was the Crowne Plaza London, owned by IHG Hotels and Resorts, a publicly listed British multinational hospitality company. When the City of London Police were notified of the planned event on November 12th, they said they would monitor it—but wouldn't shut it down. Crowne Plaza, when contacted, indicated they weren't concerned about hosting a known Ponzi scheme.
That changed fast. By November 28th, Crowne Plaza London cancelled the event. Booked rooms were cancelled. Neighboring venues were alerted to watch for OneCoin operatives. The machinery of fraud stuttered, at least for one night in London.
But OneCoin doesn't disappear when individual events get cancelled. It rebrands. It reschedules. It finds new hotels, new victims, new ways to exist in the gray space between what authorities can prove and what they can stop. The founder may be on the world's most wanted lists. The scheme itself remains operational, still promising fortunes to people willing to believe a four-billion-dollar lie can somehow become real.
🤖 Quick Answer
What was OneCoin's "Reform" event scheduled for December 2022?OneCoin planned to host a marketing event titled "Reform" at the Crowne Plaza in London in December 2022. The event served as a promotional vehicle designed to attract new investors by presenting false promises regarding cryptocurrency investments and financial returns, continuing the organization's fraudulent operations.
Who founded OneCoin and what happened to her?
OneCoin was founded by Ruja Ignatova, a Bulgarian businesswoman. She disappeared in 2017 and subsequently appeared on Interpol's red notice list and the FBI's most wanted list in July 2023, becoming one of the agency's priority targets.
How did OneCoin continue operating after Ignatova's disappearance?
Despite Ignatova's 2017 disappearance, OneCoin's infrastructure persisted under different management. The scheme
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