Security News > 2022 > July > “Missing Cryptoqueen” hits the FBI’s Ten Most Wanted list

Is wanted for her alleged participation in a large-scale fraud scheme.

Throughout the scheme, OneCoin is believed to have defrauded victims out of more than $4 billion.

With stories like that doing the rounds, you can see why many people are desperate to buy into new cryptocurrency schemes, despite the regular and dispiriting stories of cryptocoin schemes that failed completely, costing their investors everything they'd paid in.

The Missing Cryptoqueen is accused of running a scam along those sort of lines, albeit without an iPhone app, allegedly operating what the FBI refers to above as "a purported cryptocurrency".

Some of the henchpeople in the OneCoin crew have already been convicted of scam-related offences, including Mark Scott, a former equity partner at the law firm Locke Lord LLP, who was convicted in Manhattan Federal Court in 2019 for laundering about $400 million out of the scheme.

Investment regulations generally exist to keep the lid on wild and unachievable claims, so be sceptical of any scheme that sets out to sidestep that sort of control and expects you to invest without any regulatory protection at all.

News URL

https://nakedsecurity.sophos.com/2022/07/01/missing-cryptoqueen-hits-the-fbis-ten-most-wanted-list/