New York, Sep 13 (Ians) Karl Sebastian Greenwood, the co-founder of multi-billion cryptocurrency scheme OneCoin, has been sentenced to 20 years in prison in the US.
The multibillion-dollar “Bitcoin killer” fraud pulled in $4 billion from millions of investors between 2014 and 2016, the US Department of Justice said in a statement.
OneCoin, based in Sofia, Bulgaria, marketed and sold a fraudulent cryptocurrency by the same name through a global multi-level-marketing network.
Greenwood’s partner Ruja Ignatova (aka the ‘Cryptoqueen’) who was added to the FBI’s ‘Top Ten Most Wanted List’, remains at large, with a $100,000 reward for information leading to her arrest.
“As a founder and leader of OneCoin, Karl Sebastian Greenwood operated one of the largest fraud schemes ever perpetrated.Greenwood and his co-conspirators, including fugitive Ruja Ignatova, conned unsuspecting victims out of billions of dollars with promises of a ‘financial revolution’ and claims that OneCoin would be the ‘Bitcoin killer,’” said US.
The multibillion-dollar “Bitcoin killer” fraud pulled in $4 billion from millions of investors between 2014 and 2016, the US Department of Justice said in a statement.
OneCoin, based in Sofia, Bulgaria, marketed and sold a fraudulent cryptocurrency by the same name through a global multi-level-marketing network.
Greenwood’s partner Ruja Ignatova (aka the ‘Cryptoqueen’) who was added to the FBI’s ‘Top Ten Most Wanted List’, remains at large, with a $100,000 reward for information leading to her arrest.
“As a founder and leader of OneCoin, Karl Sebastian Greenwood operated one of the largest fraud schemes ever perpetrated.Greenwood and his co-conspirators, including fugitive Ruja Ignatova, conned unsuspecting victims out of billions of dollars with promises of a ‘financial revolution’ and claims that OneCoin would be the ‘Bitcoin killer,’” said US.
- 9/13/2023
- by Agency News Desk
- GlamSham
German broadcasters Zdf and ZDFneo are partnering with Berlin-based Pyjama Pictures to develop a high-end series about notorious scam artist Ruja Ignatova, also known as the Cryptoqueen and the most wanted woman on the planet.
Tentatively titled “Take the Money and Run,” the six-part series will tell the story of Ignatova, who shot to fame in 2014 with the launch of OneCoin, which she described as a cryptocurrency for the masses that promised enormous profits.
The Bulgarian-German Ignatova hyped the cryptocurrency at huge rallies and attracted millions buyers around the globe who invested billions of euros in OneCoin, believing claims that it would become the world’s biggest digital currency. Flush with cash, Ignatova threw lavish champagne parties and acquired luxury properties around the world. It was all a giant fraud, however.
Ignatova suddenly disappeared without a trace in 2017 after defrauding investors of an estimated $15 billion in what was described as...
Tentatively titled “Take the Money and Run,” the six-part series will tell the story of Ignatova, who shot to fame in 2014 with the launch of OneCoin, which she described as a cryptocurrency for the masses that promised enormous profits.
The Bulgarian-German Ignatova hyped the cryptocurrency at huge rallies and attracted millions buyers around the globe who invested billions of euros in OneCoin, believing claims that it would become the world’s biggest digital currency. Flush with cash, Ignatova threw lavish champagne parties and acquired luxury properties around the world. It was all a giant fraud, however.
Ignatova suddenly disappeared without a trace in 2017 after defrauding investors of an estimated $15 billion in what was described as...
- 4/25/2023
- by Ed Meza
- Variety Film + TV
“Ctrl: Z. Russian Voices,” a documentary that examines the impact of the Ukraine war on the everyday lives of people in a small Russian town, has sold to broadcaster across Europe, including Franco-German channel Arte, TV 3 in Spain and CNN in Portugal.
Distributed internationally by Paris-based Java Films, the documentary was filmed in the small Russian town where director Natacha Rostova, using a pseudonym, grew up. It examines the lasting effects the ongoing conflict is having on the lives of families and couples, ordinary people who are silenced, often too afraid to speak out, while others have become fervent opponents of the war.
Swiss public broadcaster Rts and Rtbf in Belgium have also acquired the documentary.
The project has been through many changes, according to Java Films. “In its original form, the risks to the director and the contributors of producing this film in Russia were too great. The...
Distributed internationally by Paris-based Java Films, the documentary was filmed in the small Russian town where director Natacha Rostova, using a pseudonym, grew up. It examines the lasting effects the ongoing conflict is having on the lives of families and couples, ordinary people who are silenced, often too afraid to speak out, while others have become fervent opponents of the war.
Swiss public broadcaster Rts and Rtbf in Belgium have also acquired the documentary.
The project has been through many changes, according to Java Films. “In its original form, the risks to the director and the contributors of producing this film in Russia were too great. The...
- 2/23/2023
- by Ed Meza
- Variety Film + TV
“Cryptoqueen – The OneCoin Scam,” which makes its market debut at Mipcom in Cannes, chronicles the story of the fake cryptocurrency and its charismatic founder who stole up to 15 billion from trusting investors.
Produced by Emmy-award-winning production company A&o Buero and sold internationally by Java Films, the documentary follows Ruja Ignatova, OneCoin’s founder, who hyped the cryptocurrency at rallies that resembled religious gatherings. Ignatova claimed that OneCoin was on course to become the world’s biggest digital currency and change life on Earth, describing it as the cryptocurrency for the poor, a currency that would turn paupers into princes. It was a giant fraud, however, and only turned Ignatova into the Cryptoqueen.
Ignatova threw lavish champagne parties and bought luxury properties around the world before she suddenly disappeared without a trace — and after defrauding investors of an estimated 15 billion. The Times described it as “one of the biggest scams in history.
Produced by Emmy-award-winning production company A&o Buero and sold internationally by Java Films, the documentary follows Ruja Ignatova, OneCoin’s founder, who hyped the cryptocurrency at rallies that resembled religious gatherings. Ignatova claimed that OneCoin was on course to become the world’s biggest digital currency and change life on Earth, describing it as the cryptocurrency for the poor, a currency that would turn paupers into princes. It was a giant fraud, however, and only turned Ignatova into the Cryptoqueen.
Ignatova threw lavish champagne parties and bought luxury properties around the world before she suddenly disappeared without a trace — and after defrauding investors of an estimated 15 billion. The Times described it as “one of the biggest scams in history.
- 10/14/2022
- by Ed Meza
- Variety Film + TV
San Francisco, July 2 (Ians) The Federal Bureau of Investigation (FBI) in the US has offered a reward of up to 100,000 for information leading to the arrest of ‘Crypto Queen’ Ruja Ignatova. The FBI, which added her to its ‘Ten Most Wanted Fugitives’ list, said that Ignatova is being sought for her alleged leadership […]...
- 7/2/2022
- by Glamsham Bureau
- GlamSham
A cryptocurrency Ponzi scheme that pulled in an estimated 4 billion worldwide is getting the documentary treatment.
Sky Germany, the U.K.’s Channel 4 and super-indie Fremantle are backing a three-part doc series about the con, which was spearheaded by the mysterious Dr. Ruja Ignatova, who is still on the run from law enforcement officials.
“Crypto Queen” (working title) promises to shed exclusive new light on one of the biggest digital scams of the last decade. Produced by Tondowski Films and Derren Lawford’s Dare Pictures, the series explores the story of how self-styled lawyer and Bulgarian businesswoman Dr. Ruja Ignatova, dubbed ‘The Queen of Crypto,’ scammed investors out of billions of dollars in less than three years through her cryptocurrency brainchild, OneCoin.
At her peak, in 2016, Ignatova presented OneCoin on stage in Wembley stadium and hosted lavish parties in Dubai and New York, all at the expense of her investors.
Sky Germany, the U.K.’s Channel 4 and super-indie Fremantle are backing a three-part doc series about the con, which was spearheaded by the mysterious Dr. Ruja Ignatova, who is still on the run from law enforcement officials.
“Crypto Queen” (working title) promises to shed exclusive new light on one of the biggest digital scams of the last decade. Produced by Tondowski Films and Derren Lawford’s Dare Pictures, the series explores the story of how self-styled lawyer and Bulgarian businesswoman Dr. Ruja Ignatova, dubbed ‘The Queen of Crypto,’ scammed investors out of billions of dollars in less than three years through her cryptocurrency brainchild, OneCoin.
At her peak, in 2016, Ignatova presented OneCoin on stage in Wembley stadium and hosted lavish parties in Dubai and New York, all at the expense of her investors.
- 6/29/2022
- by Manori Ravindran
- Variety Film + TV
Kate Winslet has jumped on board Scott Z. Burn’s feature ‘Fake’ based on the OneCoin Scheme.
Based on the book by Jen McAdam with Douglas Thompson which is based on the true-life story of Jen McAdam and her involvement with the OneCoin Ponzi scheme. OneCoin was founded by Ruja Ignatova in concert with Sebastian Greenwood. According to reports, U.S. prosecutors alleged that the scheme raked in $4 billion worldwide. Ignatova disappeared in 2017 near the time a secret US warrant was filed for her arrest and was replaced by her brother, Konstantin Ignatov.
McAdam was a victim of OneCoin’s Ponzi scheme and she founded a support group for those affected. McAdam and her friends and family invested and lost close to $300K.
Also in news – Patty Jenkins and Gal Gadot to reunite for ‘Cleopatra’ feature
Burns will write and direct, and produce with Todd. Winslet will also produce.
Burns...
Based on the book by Jen McAdam with Douglas Thompson which is based on the true-life story of Jen McAdam and her involvement with the OneCoin Ponzi scheme. OneCoin was founded by Ruja Ignatova in concert with Sebastian Greenwood. According to reports, U.S. prosecutors alleged that the scheme raked in $4 billion worldwide. Ignatova disappeared in 2017 near the time a secret US warrant was filed for her arrest and was replaced by her brother, Konstantin Ignatov.
McAdam was a victim of OneCoin’s Ponzi scheme and she founded a support group for those affected. McAdam and her friends and family invested and lost close to $300K.
Also in news – Patty Jenkins and Gal Gadot to reunite for ‘Cleopatra’ feature
Burns will write and direct, and produce with Todd. Winslet will also produce.
Burns...
- 10/13/2020
- by Zehra Phelan
- HeyUGuys.co.uk
Exclusive: Oscar winner Kate Winslet has boarded Fake! a project that MGM has acquired for producer Jennifer Todd under her first look deal at the studio.
Scott Z. Burns, who won rave reviews for his 2019 political drama The Report about idealistic Senate staffer Daniel J. Jones and his investigation into the CIA’s post 9/11 Detention and Interrogation Program, will write and direct, and he’ll produce with Todd. Fake! reps a reteam between Winslet and Burns, the latter who wrote the 2011 pandemic Steven Soderbergh-directed movie Contagion in which the actress starred. Winslet will also produce Fake!
Fake! is based on the book by Jen McAdam with Douglas Thompson, based on the true-life story of Jen McAdam and her involvement with the OneCoin Ponzi scheme. The book is currently being shopped around to publishers for this year’s Frankfurt Book Fair. McAdam will executive produce the movie.
OneCoin was promoted...
Scott Z. Burns, who won rave reviews for his 2019 political drama The Report about idealistic Senate staffer Daniel J. Jones and his investigation into the CIA’s post 9/11 Detention and Interrogation Program, will write and direct, and he’ll produce with Todd. Fake! reps a reteam between Winslet and Burns, the latter who wrote the 2011 pandemic Steven Soderbergh-directed movie Contagion in which the actress starred. Winslet will also produce Fake!
Fake! is based on the book by Jen McAdam with Douglas Thompson, based on the true-life story of Jen McAdam and her involvement with the OneCoin Ponzi scheme. The book is currently being shopped around to publishers for this year’s Frankfurt Book Fair. McAdam will executive produce the movie.
OneCoin was promoted...
- 10/9/2020
- by Anthony D'Alessandro
- Deadline Film + TV
Exclusive: In a highly competitive situation, New Regency Television International has won screen rights to hit BBC Sounds podcast The Missing Cryptoqueen.
The buzzed-about, eight-part podcast was downloaded 3.5 million times in four months last year and reached number one on the UK iTunes charts. The pod delves into the remarkable and ongoing saga of Bulgarian entrepreneur Dr. Ruja Ignatova who in 2014 launched a cryptocurrency called OneCoin. Ignatova set out to rival BitCoin, and hooked investors from 175 countries to the tune of $4 billion. But OneCoin was in fact an enormous scam fuelled by a multi-level marketing scheme. Ignatova disappeared in October 2017 and hasn’t been seen since.
Ignatov’s brother recently pleaded guilty to several counts of fraud in a Us court, while her American lawyer was found guilty of laundering $400 million of the money raised by OneCoin in the Us.
New Regency, which we understand beat out a host of...
The buzzed-about, eight-part podcast was downloaded 3.5 million times in four months last year and reached number one on the UK iTunes charts. The pod delves into the remarkable and ongoing saga of Bulgarian entrepreneur Dr. Ruja Ignatova who in 2014 launched a cryptocurrency called OneCoin. Ignatova set out to rival BitCoin, and hooked investors from 175 countries to the tune of $4 billion. But OneCoin was in fact an enormous scam fuelled by a multi-level marketing scheme. Ignatova disappeared in October 2017 and hasn’t been seen since.
Ignatov’s brother recently pleaded guilty to several counts of fraud in a Us court, while her American lawyer was found guilty of laundering $400 million of the money raised by OneCoin in the Us.
New Regency, which we understand beat out a host of...
- 2/4/2020
- by Andreas Wiseman
- Deadline Film + TV
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