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Ruja Ignatova is married to Bjorn Strehl, who is the spouse of Bjorn Strehl. Ruja Ignatova is one of the co-founders of OneCoin, which has been called a Ponzi scheme. OneCoin was introduced to the public for the first time in 2014. As of 2017, it was said to have more than 3 million users in more than 175 countries and more than €4 billion invested in it. In 2018, though, Ruja Ignatova could not be found, and it was found out that OneCoin was a scam. In this post, we’ll talk about the investigation into Bjorn Strehl that German authorities are doing because of OneCoin.
A short explanation of OneCoin
OneCoin was said to be a cryptocurrency that could compete with Bitcoin. Its creators said it used a unique blockchain technology that made it more secure and anonymous than other cryptocurrencies. Multi-level marketing (MLM) was used to spread the word about OneCoin. Participants were encouraged to bring in new members of MLM in exchange for commissions on sales of OneCoin to those new members.
The people who made OneCoin, like Ruja Ignatova and her brother Konstantin Ignatv, made a lot of claims about the future of the currency. For example, they said that it would soon be listed publicly on major exchanges and that people who invested in OneCoin would get huge returns on their money. Ruja Ignatova, on the other hand, could not be found in 2018, and her husband Konstantin Ignatov was arrested by US authorities for his role with OneCoin.
The probe of the activities of Bjorn Strehl
German police have started looking into the OneCoin cryptocurrency along with Ruja Ignatova’s husband, Bjorn Strehl. Strehl is thought to be one of the main people behind the plan that caused OneCoin to fail in 2018, which is what led to the investigation into the matter.
Bjorn Strehl set up bank accounts and fake businesses
The German government thinks that Strehl set up the bank accounts and fake businesses that were used to wash the money from OneCoin transactions. The authorities say that Strehl was involved in getting new people to join OneCoin and made money from the scam. The authorities also say that Strehl took part in the scheme.
Strehl has said that he didn’t have anything to do with running OneCoin and has denied any wrongdoing that may have happened. But reports say that Strehl and other people connected to OneCoin have had assets worth a total of 29 million euros taken away by German authorities.
Consequences that might be drawn from the Investigation
The fact that German authorities are looking into Bjorn Strehl is important because it shows that bitcoin scams could be run all over the world. OneCoin was advertised as a real digital currency, which helped it attract millions of investors from around the world.
False promises of big returns on investments
Authorities in several countries looked into OneCoin and found that it was a scam that used MLM and false promises of big returns on investments. The investigation into Strehl and other people connected to OneCoin should serve as a warning to potential investors, who should be very careful when investing in cryptocurrencies and make sure that any investment opportunity is legitimate before putting money into it.
Importance of regulating bitcoin business
The report also shows how important it is to regulate and keep an eye on the bitcoin business. Since cryptocurrencies are not regulated in the same way that traditional financial instruments are, people worry that they could be used for fraud and other bad things. There are now efforts to build new rules and monitoring systems for the cryptocurrency business. However, progress has been slow because governments and regulatory bodies all over the world are still working on this.
Authorities in Germany are looking into OneCoin because Bjorn Strehl is married to Ruja Ignatova, one of the co-founders of OneCoin. Strehl is thought to be one of the main people behind the plan and to have been involved in OneCoin money laundering. These claims have been made known to the public.
The investigation into Strehl shows that cryptocurrency fraud could happen all over the world and that the cryptocurrency business needs to be regulated and watched. The study should also serve as a warning to investors, telling them to be very careful when buying cryptocurrencies and to look into the legitimacy of any investment opportunity they are considering.
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