British police seize $408 million and arrest woman aged 39

[dunfida]

If she is guilty, then let her serve her jail term as that will teach her lessons and also others who louder money through cryptocurrency. These are the people who give cryptocurrency bad images before the government, which always results in a dangerous policy against cryptocurrency.

Scams are already existing even before crypto but i do get your point which is actually happening that these frauds turns out to give bad impressions even more to the public and to the government.

About on OP's post, that serves her right that she would really be imprisoned for 90 years.Why they havent just declared on lifetime prison? Are they tending to accept some bail?

I do still remember that Onecoin craze wayback on where people do mostly talk without even realizing that it isnt even a legit coin or crypto after all.It doesnt have a blockchain.

[7788bitcoin]

~
Unfortunately, this is one of those instances where crimes that are related to cryptocurrencies contribute to its overall stigma, in which it influences the decision in attracting new investors.

There is no hiding from the fact that the cryptocurrency market was riddled with scam and if you are not careful with your investment you are bound to loose your money, even now if you enter any DEX and if you are not familiar with the market and how to verify the contract address you will get scammed and we are hearing these on a daily basis. You need to be careful and it is good to hear that a scammer is caught and hopefully more will be behind bars in the coming years.

[Quidat]

If she is guilty, then let her serve her jail term as that will teach her lessons and also others who louder money through cryptocurrency. These are the people who give cryptocurrency bad images before the government, which always results in a dangerous policy against cryptocurrency.

Scams are already existing even before crypto but i do get your point which is actually happening that these frauds turns out to give bad impressions even more to the public and to the government.

About on OP's post, that serves her right that she would really be imprisoned for 90 years.Why they havent just declared on lifetime prison? Are they tending to accept some bail?

I do still remember that Onecoin craze wayback on where people do mostly talk without even realizing that it isnt even a legit coin or crypto after all.It doesnt have a blockchain.

I remember a friend of mine that had invited me to invest with this coin and when i do check out then it isnt even listed on coinmarketcap on that time and doesnt
even have some explorer for me to check out about their transactions like ex. hashes or something like that and i do concluded out that was a scam and my friend do really get mad of
me because it turns out to be a referral type which is obviously a ponzi scheme and since i was already experienced on that time in terms of possible scams
then i do really saved up my ass on that time and this founder had just been arrested then its indeed a great news.

[Ryker1]

~
Unfortunately, this is one of those instances where crimes that are related to cryptocurrencies contribute to its overall stigma, in which it influences the decision in attracting new investors.

There is no hiding from the fact that the cryptocurrency market was riddled with scam and if you are not careful with your investment you are bound to loose your money, even now if you enter any DEX and if you are not familiar with the market and how to verify the contract address you will get scammed and we are hearing these on a daily basis. You need to be careful and it is good to hear that a scammer is caught and hopefully more will be behind bars in the coming years.

Well, sometimes I am thinking that this is the disadvantage of bitcoin or other altcoins, the transaction is irreversible and once it was sent, there is no way to claim back your crypto. Since before, this is not new that cryptocurrencies are prone to any illegal activity just scam and fraud, people should always be careful dealing with people online through the internet before putting their investment into other hands. That is a huge amount that has been seized, those people who were scam will perhaps be happy they saw that the one who scammed them has been got caught, my question is, are their money will come back into their hands or it will remain on the British authority.

[arabspaceship123]

You reminded me One Coin didn't have a blockchain. It was filled with hype publicity and was obviously a ponzi but people flocked to it because they'd fallen for the trap Ruja Ignatova put there. Now I'm thinking the British police didn't arrest Ruja Ignatova so it's another woman or else they'd release big information on the news.

Scams are already existing even before crypto but i do get your point which is actually happening that these frauds turns out to give bad impressions even more to the public and to the government.

About on OP's post, that serves her right that she would really be imprisoned for 90 years.Why they havent just declared on lifetime prison? Are they tending to accept some bail?

I do still remember that Onecoin craze wayback on where people do mostly talk without even realizing that it isnt even a legit coin or crypto after all.It doesnt have a blockchain.

[temple]

I don't know why the British police didn't mention the name of the woman they arrested or the cryptocurrencies they seized, they should have explained this information more accurately!!! In any case, I think that they will fill the world with noise because of cryptocurrencies because the first charge they are trying to attach to cryptocurrencies is money laundering, so this case will be a very good opportunity for them.
Money laundering is a crime punishable by law in all countries and it existed before the existence of cryptocurrencies and of course it became easier after the existence of cryptocurrencies, but criminals should be punished instead of blaming cryptocurrencies because criminals do not refrain from using any means to launder their dirty money. Also, these governments should be blamed for their failure to regulate cryptocurrencies, which leads to the further spread of such cases.

Well, the fact of the matter is that indeed opportunities do make thieves and it is quite easy to try it with crypto. I am not saying it is easy to pull it off successfully, but if you got some criminal energy, perhaps a situation in life where it is even easier to justify for yourself, crypto is an option. Perhaps the best option people like her have. I believe though that a lot of people underestimate the effort i requires to not get caught eventually. She probably wasn't on her own, so maybe someone else made a mistake that led to her and what not. The sum is large enough and represents incentive enough even for whistleblowers who might have known what she is/was doing.

[Robinson66]

They think that cryptocurrency is completely anonymous, and this is the mistake they made. They do not fully understand Bitcoin, which also shows that no matter what crime you use, the police can catch you. This is the advantage of the Internet. I hope that there will be no Ponzi schemes. Everyone must be careful when trading.

[JillianTaft]

It is said that there are very few women in the encryption field. This woman is really crazy. I think this is not something she can do alone. Maybe there is someone behind her and it is not convenient to make it public. I really want to know how to deal with the seized cryptocurrency, will it be returned to the victim?

[Yamifoud]

She committed a crime and that she needs to pay for that.
Anyone who acts illegally will soon be caught and put in jail but it was too sad that cryptocurrency has also involved with this. It is sometimes to think that many illegal activities happen using crypto and this is how some authorities hated it much.
Scammer, money launderer, and many other, they are using the feature of being anonymous to hide their illegal activities and we find it how it ruins the image in general.

[LogitechMouse]

I still remember this Onecoin ponzi scheme that happened years ago but unfortunately, the perpetrator didn't caught.

Now the police didn't give information to this woman that they arrested neither the name or anything but if this is the Onecoin owner that scammed many people then many investors of it might be happy at least because of what happened.

Let the police handle this case. There are no proofs still that this woman really is the promoter of Onecoin but if she is then he must be sentenced to 90 years in jail because of what she did. $408 million sure is a large money .

[arabspaceship123]

The police haven't confirmed who they've caught we don't know her name maybe it's not Ruja Ignatova. The woman they've arrested couldn't work alone because $408 million's big amount to accrue. Even if they tried their best to hide from police they've made mistakes that's why they've been arrested. An insider whistleblower could've informed police about her, loyalty doesn't exist if the whistleblower's going to get a share of $408 million fortune.

Well, the fact of the matter is that indeed opportunities do make thieves and it is quite easy to try it with crypto. I am not saying it is easy to pull it off successfully, but if you got some criminal energy, perhaps a situation in life where it is even easier to justify for yourself, crypto is an option. Perhaps the best option people like her have. I believe though that a lot of people underestimate the effort i requires to not get caught eventually. She probably wasn't on her own, so maybe someone else made a mistake that led to her and what not. The sum is large enough and represents incentive enough even for whistleblowers who might have known what she is/was doing.

[arabspaceship123]

The police didn't say which cryptocurrency was seized when the 39 year old woman was arrested. It could've been bitcoin or a mix we don't know.

What will they do with these bitcoins?

[temple]

The police haven't confirmed who they've caught we don't know her name maybe it's not Ruja Ignatova. The woman they've arrested couldn't work alone because $408 million's big amount to accrue. Even if they tried their best to hide from police they've made mistakes that's why they've been arrested. An insider whistleblower could've informed police about her, loyalty doesn't exist if the whistleblower's going to get a share of $408 million fortune.

Well, the fact of the matter is that indeed opportunities do make thieves and it is quite easy to try it with crypto. I am not saying it is easy to pull it off successfully, but if you got some criminal energy, perhaps a situation in life where it is even easier to justify for yourself, crypto is an option. Perhaps the best option people like her have. I believe though that a lot of people underestimate the effort i requires to not get caught eventually. She probably wasn't on her own, so maybe someone else made a mistake that led to her and what not. The sum is large enough and represents incentive enough even for whistleblowers who might have known what she is/was doing.

That is the point. The larger the number of people involved and the more complex it becomes to hide every single step, the more likely it is to get caught. As I said, the police might even have more people on their radar, but the incentive might not be high enough. If you launder 4,000 USD, the police might not want to spend resources right now to catch you. A lot of people may think they laundered some amount successfully, but I guess many of them are already on a list.

[carlfebz2]

You reminded me One Coin didn't have a blockchain. It was filled with hype publicity and was obviously a ponzi but people flocked to it because they'd fallen for the trap Ruja Ignatova put there. Now I'm thinking the British police didn't arrest Ruja Ignatova so it's another woman or else they'd release big information on the news.

On what point on why they are making that show if they could simply made in silent way if they had already arrested the real one?Its no point that they would really be announcing it publicly

because if they do then they would really be flocked out by those investors who had lost their money in Onecoin.Im not aware on this project though but everyone that do commit

some fraud or crime should really face the consequences and imagine on how big the money had been stole or scam out then 90 years is not enough.

[cheezcarls]

British police seize record $408 million haul of cryptocurrency

It's big news a 39 year old woman was arrested in connection with money laundering in excess of £114 million cryptocurrency. The same woman's being questioned by British police after more than £180 million of cryptocurrency was discovered later. They've linked over £294 million of cryptocurrency directly to her, that's $408 million. Maybe they'll find more.

The first name in my head was Ruja Ignatova she's a Bulgarian fraudster. She was a founder of the One Coin ponzi but wiki shows her age at 41 not 39. She's been sentenced by US authorities for wire fraud, securities fraud and money laundering.

British police didn't name the woman they'd arrested or name the cryptocurrencies they seized but if it's her it's certain she'll get extradited to the US where she'll face up to 90 years jail for the ponzi.

Yeah she deserved it! Karma is real!! I remember back a couple of years ago before pandemic began, I met a good friend where she also invested on One Coin. She admitted about losing a lot of money in that ponzi scam because of not doing the homework.

I just hope the police would not dump the market lol!

[arabspaceship123]

That is the point. The larger the number of people involved and the more complex it becomes to hide every single step, the more likely it is to get caught. As I said, the police might even have more people on their radar, but the incentive might not be high enough. If you launder 4,000 USD, the police might not want to spend resources right now to catch you. A lot of people may think they laundered some amount successfully, but I guess many of them are already on a list.

If there's many people involved it's obvious someone's left clues the police spotted. It's likely she's going to name names because she doesn't want to go to prison. The police website news haven't updated but I'm confident it's not Ruja Ignatova because she's big news they wouldn't be able to hide it.

On what point on why they are making that show if they could simply made in silent way if they had already arrested the real one?Its no point that they would really be announcing it publicly

because if they do then they would really be flocked out by those investors who had lost their money in Onecoin.Im not aware on this project though but everyone that do commit

some fraud or crime should really face the consequences and imagine on how big the money had been stole or scam out then 90 years is not enough.

All we know is she's 39 years old so it might not be Ruja Ignatova. We don't know who's been arrested we're waiting for the police to give info.

[temple]

That is the point. The larger the number of people involved and the more complex it becomes to hide every single step, the more likely it is to get caught. As I said, the police might even have more people on their radar, but the incentive might not be high enough. If you launder 4,000 USD, the police might not want to spend resources right now to catch you. A lot of people may think they laundered some amount successfully, but I guess many of them are already on a list.

If there's many people involved it's obvious someone's left clues the police spotted. It's likely she's going to name names because she doesn't want to go to prison. The police website news haven't updated but I'm confident it's not Ruja Ignatova because she's big news they wouldn't be able to hide it.

On what point on why they are making that show if they could simply made in silent way if they had already arrested the real one?Its no point that they would really be announcing it publicly

because if they do then they would really be flocked out by those investors who had lost their money in Onecoin.Im not aware on this project though but everyone that do commit

some fraud or crime should really face the consequences and imagine on how big the money had been stole or scam out then 90 years is not enough.

All we know is she's 39 years old so it might not be Ruja Ignatova. We don't know who's been arrested we're waiting for the police to give info.

She would need very good lawyers to get away with no prison. Not only good lawyers, but outstandingly valuable information for the police such that they offer her a deal. Anyway, I can't imagine her walking straight into freedom very soon.

This just reminded me of Gerald Cotten from QuadrigaCX, the guy who went to India then allegedly died from some disease after 9 days and never returned. Just to let you guys know, there will soon be a documentary about it, just google:

$215,000,000 missing: Mysterious death of the CEO of Canada’s largest cryptocurrency firm explored in documentary

[kryptqnick]

Cases like that can be bad publicity for Bitcoin, although it's unfair since it's a ponzi scheme (and thus a crime regardless of whether it's crypto-related), and it's not about Bitcoin at all, and not about compromising the reputation of any major altcoins either.
Also, while I think that some punishment is in order when scammers are caught, I think 90 years of prison is too tough... Why not focus on the financial part in these cases? Since they seized so much money, surely they could (although probably won't) return this money to victims. Plus, they could make her pay some big fines as well and limit access to finance-related work positions. I think such actions would be more useful to society than spending taxpayers' money and totally ruining one's life with a life sentence.

[randegibran]

what the British police.have done is.very appropriate, don't give any space to people who want to commit.crimes anywhere and in.any form because it.is very.detrimental to others.the law must.also be strict.for people who do this so that they can.provide deterrent.effect for.criminals not to do it.again in.the future, we also hope that this does not happen in.this forum because it.can.harm other people

[Btcvilla]

what the British police do is very appropriate to reduce crime, the criminal is very worthy of being punished in accordance with applicable law and the crime is very suitable for big-time criminals who have harmed many people, and we are in this forum I hope that this doesn't happen to us, because it is very detrimental to others