OneCoin victim asks for “Queen” to give herself up
A woman who was scammed out of several thousands of pounds as part of the alleged crypto scam OneCoin has publicly urged its founder to come out of hiding and give herself up.
Jen McAdam, who invested £8,000 in the scheme and also told friends and family members to do the same, has publicly said that she believes Ruja Ignatova should come out of hiding and give herself up.
In a statement, McAdam asked Ignatova to give “some peace” to her victims.
“Ruja Ignatova, it is time to hand yourself in because the world is becoming a smaller place for you to hide”, she said.
“Give your victims some peace at least and face your charges in a court of law for the crimes you committed”, she added.
Ignatova continues to remain at large, with her whereabouts presently unknown.
Her brother, Konstantin Ignatov, has faced the US courts – as has Mark Scott, the firm’s lawyer.
In further emotional comments to the website Coin Rivet, McAdam said that the consequences of the fraud had caused “devastation”.
“We pray and live in hope every day that Ruja Ignatova – the fraudster and founder of this fake crypto multi-billion dollar OneCoin scam – will be found quickly”, she said.
“She has fraudulently stolen billions from innocent people and left them in devastation.
“If and when Ruja Ignatova is found by the authorities and justice is served for her horrendous crimes to people who just did not deserve this, only then can they really begin the journey to heal”, she added.
The Securities and Exchange Commission asks for court case to be reopened
A leading regulator in the US is asking a court to reopen a case focusing on an alleged fraudster.
The Securities and Exchange Commission (SEC) argues that the case against Renwick Haddow needs to be reopened due to its belief that the right conclusion was not reached.
Haddow, who used to run alleged scam sites Bitcoin Store Inc and Bar Works, was recently told by the New York Southern District Court in the US that he would face no further action.
This came about after he worked alongside prosecutors in the US to ensure a charge against Savraj Gata-Aura, a collaborator.
The SEC later suggested a consent judgement, which in turn led to the case being closed.
However, the regulator has now invoked a clause in that agreement which allows the case to be potentially reopened.
It now wants Haddow to become liable for a range of financial relief – and it has asked Judge Lorna Schofield to pursue Haddow for a restitution settlement to give cash back to investors.
As well as the potential financial charges, Haddow is also looking likely to be liable for a maximum of eight decades in prison.
He ultimately pleaded guilty to two charges of wire fraud as well as two counts of wire fraud conspiracy.