British police seize $408 million and arrest woman aged 39

[arabspaceship123]

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.

[1713528504]

1713528504

[1713528504]

1713528504

[temple]

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 Ruscha Ignatowa 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.

That's some good amount of money she laundered! I bet that there will also be a decent amount hidden somewhere that is not going to be found unless she was extremely stupid and now gets 100% busted. Actually, maybe it doesn't matter because she most likely going to be in jail for a very long time! Interesting story anyway! It is not always the evil men, hm?

[mckinleeanael07]

It sounds interesting that a woman the age of a mother with a macro mindset is a talented woman who uses her talents in the wrong place. I have heard a lot in the news about crimes like selling organs, selling drugs to launder money with cryptocurrency, and entrepreneurs calling people the heads of Ponzi schemes. I see a lot of people committing crimes and what they do is inevitable from the law.

[kaggie]

The article says 114 million pounds and doesn't mention a woman?

Do you have another reference?

edit: oh, you referenced that. You have a good memory..

[newwest]

Guilty will be punished and such acts are not at all accepted. Its sad to hear such things because as it is involving crypto the government and people has already created perception that crypto is bad and used for illegal or money laundering stuff only. Though it happen with cash as well but some government do not want to take such chances and put a stay or has banned in counties thus citizens could not make the best use of crypto due to it.
I just wish people do make the best use of crypto as it is meant to be rather than using it for all wrong reasons.

[agg2702]

this is what can actually harm traders and their depositors of assets in the form of crypto, especially bitcoin. because indirectly the negative stigma about crypto will get bigger because they think crypto is only for gambling and money laundering.
but on the other hand I really appreciate the police in revealing this because this is a fairly serious crime.
and I'm sure a well-deserved punishment awaits them

[DeathAngel]

Well if she got the bitcoin via fraud then she deserves to rot in jail. That’s a large bitcoin stash which clearly has been gotten via illegal means. I hope that somehow some of the victims can be reimbursed.

[blockman]

I hope that seized crypto will go back to its due owners that have been victimized by that person. And I think I understand why the authorities haven't named the con. I guess they'll track down the people that are involved with their operation so that they can also arrest them in a surprise.

It sounds interesting that a woman the age of a mother with a macro mindset is a talented woman who uses her talents in the wrong place. I have heard a lot in the news about crimes like selling organs, selling drugs to launder money with cryptocurrency, and entrepreneurs calling people the heads of Ponzi schemes. I see a lot of people committing crimes and what they do is inevitable from the law.

There are many of them, they want an easy life, easy money but the world that they're walking around isn't going to be wider anymore. They're going to hide like rats which looks like the rats are chasing them everywhere.

[Fortify]

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 Ruscha Ignatowa 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.

If she was devious enough to accrue that much, I have a feeling she may be hiding a lot more cryptocurrency in other locations. For all the talk about people using Bitcoin to commit crimes, when you see cases like this you cannot help but wonder what sort of resources that government agencies are now working with in order to trace the money - after all it can get funneled very transparently into rather few wallets at the point of consolidation. I wonder if they hacked the wallets (or the devices they were on) first before arresting her, or she ended up giving away the wallet access in some other way. It would also be interesting to know at what point she bought into Bitcoin because the original owners could ironically be sitting on a huge windfall of cash if it was purchased before the most recent price hikes, even if they weren't cashing out at the all time high.

[arabspaceship123]

That's some good amount of money she laundered! I bet that there will also be a decent amount hidden somewhere that is not going to be found unless she was extremely stupid and now gets 100% busted. Actually, maybe it doesn't matter because she most likely going to be in jail for a very long time! Interesting story anyway! It is not always the evil men, hm?

She'll receive a big prison sentence even if it isn't Ruscha Ignatow because $408 million isn't small change. Yes it's possible she's hidden some away but by the time she's released from prison the best years of her life will be behind her.

It sounds interesting that a woman the age of a mother with a macro mindset is a talented woman who uses her talents in the wrong place. I have heard a lot in the news about crimes like selling organs, selling drugs to launder money with cryptocurrency, and entrepreneurs calling people the heads of Ponzi schemes. I see a lot of people committing crimes and what they do is inevitable from the law.

It doesn't look like she's involved with human trafficking or selling human organs other else the British police would've mentioned it. I'd like to know how she accumulated $408 million in cryptocurrency and which cryptocurrency was seized.

[dothebeats]

Perhaps there’s more accomplices in this fraud since that’s a lot of money and effort to be able to accrue such an enormous amount. It’s good that she was nabbed even before she’s able to do more damage in the ecosystem. Even if she was able to hide millions somewhere, if the prison sentence is extremely lengthy, it wouldn’t matter since she can never use it.

British police should search for her accomplices to stop this fraud and ponzi from expanding even further. It’s highly improbable that it’s just a one-man crew with that huge amount.

[sheenshane]

We had heard a lot of criminals getting caught upon using cryptocurrency and running Ponzi schemes, it might they think that using cryptocurrency is fully anonymous but in fact, you can't.  Probably this is also related to Bitcoin since she was running her own coin and investors night invest using their Bitcoin.

That's a huge amount that has been confiscated, I hope those who had been victims will return the money to them because that's their money.  For sure there are more unrevealed amounts because the investigation is ongoing.  But my question is why the British authorities didn't disclose what cryptocurrency it is.

[just_Alice]

Well if she got the bitcoin via fraud then she deserves to rot in jail. That’s a large bitcoin stash which clearly has been gotten via illegal means. I hope that somehow some of the victims can be reimbursed.

Sadly, that rarely happens when money is confiscated from criminal frauds. Most likely, the money will go to some kind of archives and be subject to further investigation, and later it will be used for law-enforcement needs.

Though it would be fair to give money back to victims as I said, this rarely happens, and in this particular case, it will be even more complicated due to the fact that cryptocurrencies are involved, the legal status of which is still questioned in a number of places. Plus tracking down the victims and confirming that the money actually belonged to them would be complex as well.

[bitterguy28]

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 Ruscha Ignatowa 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.

I also thought of the same person because it was mentioned in other thread early yesterday but since the government did not named Her then this might be an interesting story to follow.

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.

They will surely name this person once everything was already point out they don't wanna ruin the continues investigation for this.

[bbc.reporter]

The police claimed they seized cryptocurrency, however, the article does not say how and what they seized. I am skeptical. They might not have seized anything and if they seized something, what kind of cryptocoins? It might be a wallet full of Binance smartchain tokens hehehe.

[taufik123]

Ponzi-tipped investment crimes have been around for a long time. This practice even uses various platforms and various new methods that will ultimately deceive their investors. cryptocurreny is the platform they use because cryptocurrencies in some countries do not have strict legal protection, unclear regulations make Ponzi investment growing rapidly. money laundering often occurs, but transactions carried out in crypto that are recorded on the blockchain will still be detected and will lead to perpetrators. The harshest punishment is appropriate for ponzi perpetrators, because it is very detrimental to many people.

[Darker45]

Great news for cryptocurrency. As young as it is, cryptocurrency is already populated with all kinds of scammers and scam projects. It needs thorough cleansing. These scams are destroying the name of crypto and even of Bitcoin. A lot of people equate Bitcoin with crypto.

Anyway, I'm not sure if this One Coin ponzi which Ruscha Ignatowa is operating is the same One Coin which has become somehow popular in my country. If it is, I hope they will stumble upon this news and be enlightened that what they are getting into is false hope.

[electronicash]

We had heard a lot of criminals getting caught upon using cryptocurrency and running Ponzi schemes, it might they think that using cryptocurrency is fully anonymous but in fact, you can't.  Probably this is also related to Bitcoin since she was running her own coin and investors night invest using their Bitcoin.

That's a huge amount that has been confiscated, I hope those who had been victims will return the money to them because that's their money.  For sure there are more unrevealed amounts because the investigation is ongoing.  But my question is why the British authorities didn't disclose what cryptocurrency it is.

and it looks like they are going to continue seizing particularly the ones who did some scams. MacAfee, holt (that German Satoshi), and Ruscha Ignatowa the one coin fraudster. if we see an unknown name who are connected to ICO scam back in 2017, i'd really be amazed how they tracked them.

[bbc.reporter]

Great news for cryptocurrency. As young as it is, cryptocurrency is already populated with all kinds of scammers and scam projects. It needs thorough cleansing. These scams are destroying the name of crypto and even of Bitcoin. A lot of people equate Bitcoin with crypto.

Anyway, I'm not sure if this One Coin ponzi which Ruscha Ignatowa is operating is the same One Coin which has become somehow popular in my country. If it is, I hope they will stumble upon this news and be enlightened that what they are getting into is false hope.

I would argue that it was already great news for cryptocurrency that it is presently being used for all types of criminality. Also, it is very hypocritical to say the cryptospace needs thorough cleansing. These coins are not holy objects. They are only software tools for everyone including criminals. What needs thorough cleansing is the whole world if you want thorough cleansing.

[yhiaali3]

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.