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Hodler’s Digest, March 11–17: Top Stories, Price Movements, Quotes and FUD of the Week

Published 03/17/2019, 02:45 PM
Updated 03/17/2019, 04:02 PM
Hodler’s Digest, March 11–17: Top Stories, Price Movements, Quotes and FUD of the Week

U.S. District Attorney Charges OneCoin Founders With “Billions” in Alleged Fraud

The founders of international cryptocurrency pyramid scheme OneCoin have been charged by a United States district attorney. Both Konstantin Ignatov and his sister Ruja Ignatova were reportedly arrested on March 6 in Los Angeles after being accused of “wire fraud, securities fraud, and money laundering offenses” after luring investors into putting billions of dollars into the fraudulent OneCoin cryptocurrency. The crypto organization — established in 2014 and based in Sofia, the capital of Bulgaria — works as a marketing network in which members receive commissions for attracting potential buyers to buy into the cryptocurrency, with reportedly over 3 million members globally.

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