'Fake Bitcoin' - How this Woman Scammed the World, then Vanished

hi welcome to another ColdFusion video dr. Rocha Ignat over may not be a household name but among a certain following she's a superstar she was the founder and the face of the cryptocurrency one coin it was dubbed to be the Bitcoin killer and promised to revolutionize the way we see money dr. ruja toured the world speaking to crowds of people at sold out venues about how one coin was like Bitcoin but bigger better and easier to use on the back of one coin and the three million people who invested dr. Rocha reached fame and fortune but suddenly in late 2017 she disappeared without a trace where did she go what happened what was later uncovered was a story of greed deceit fraud and an international scam worth fifteen billion dollars you are watching ColdFusion TV [Music] stepping onstage to a packed hour crowd in 2016 and then 36 year old crypto founder was welcomed with cheers and applause from endearing fans the song this woman is on fire echoed through the Wimberly arena while the lady who stood on stage was a superstar of sorts she wasn't a pop singer it was none other than dr. Raja Ignat / the founder of one coin and one of the leaders of the global cryptocurrency movement though unbeknown to the cheering masses just a year later she would be on the missing persons list dr. Raja was a commanding figure she was extremely intelligent and knowledgeable and was said to make high-level bankers look like fools her arguments were centered around many of the same ideologies that the wider crypto movement was based on the idea that traditional banks and governments had too much power when it came to currency and that it was time for a revolution to democratize money that is give the power back to the people on the back of the 2008 global financial crisis a lot of people were willing to listen and rightly so on these points she was actually right the one coin found her went on to blame the greed of the big banks for the financial crisis and ultimately proclaimed that the current system was old and outdated and their cryptocurrencies as a whole and in particular one coin would be the future but it went deeper than that as dr. Rita spoke to thousands of investors at Wembley Stadium she spoke about joining not just a good investment and not just a revolutionary global financial movement but a family we will be the biggest out there and we will write history and the cryptocurrency community will have to rewrite philosophy nobody can compare to us we have today the most users we are the biggest crypto reserve currency out there and to everybody who tells me that I violate the philosophy of cryptocurrency guys we are a bigger community we decide what the philosophy of cryptocurrency is in two years nobody will speak about Bitcoin any more investors became part of a network called one life they would join whatsapp groups with insider information often being told to ignore the outside haters they even had their own hand symbol which people would use when meeting other members of one life but despite all of this dr. Raja had the credentials to mention statement she studied at Oxford had a PhD previously worked in McKenzie which is a very exclusive global consulting group [Music] one coin grief fast within three years of launching there were over 3 million investors from around the world conferences and seminars popped up everywhere from the United States China and the UK all the way to African nations each event would at least show a video of dr. Rocha when she was too busy to leave her home country of Bulgaria things were going great for one coin until late 2017 though earlier in the year some cracks were beginning to show in April of 2017 Indian police arrested 18 people in Mumbai for trying to organize a onecoin recruiting event though during the sting 11 million u.s. dollars was transferred out of bank accounts before the police could get to it in all of this what was dr. richard going to do dr. Raja was scheduled to speak at a one coin seminar in Lisbon Portugal in October 2017 however she didn't make it to the seminar this was unusual as her colleagues noted that she was extremely punctual she would often refuse to attend meetings if the other parties were just a single minute late her colleagues called her no answer no messages either no one knew where she was being the head of a movement as valuable as one coin comes with its targets the crypto founder was well aware of this and walked around with two bodyguards fears for her life spread who the room is saying that she was kidnapped by some big banks or more optimistically that she went into hiding from them but the thing is nobody has seen dr. ruja since that day after her disappearance doctor Regis younger brother constantan had taken her place at the top of the onecoin Empire he was previously her bodyguard and personal assistant a tattooed muscular figure who was by the previous account of other employees a bit dim in March of 2019 constantan was about to board a flight from Los Angeles to Bulgaria the FBI arrested him and charged him with money laundering and fraud the same day US authorities proclaimed one coin to be a fraud the FBI has secretly charged the now-missing dr. Raja over two years ago around the same time she went missing this raised some questions had she been tipped off there'll be more on this later in the episode so what was one coin in the first place essentially it was multi-level marketing multi-level marketing typically uses people to recruit others who purchase data packages you make a commission for every person that you bring into the business this includes a cut of that person's future sales including everybody that they bring into the business the problem with multi-level marketing is that it rarely if ever actually creates any value in the form of a product or a service fundamentally people make money off recruiting others hence a few people at the top make all the money while the rest lose everything one coin is sold in the form of educational packages which contain tokens which allow you to mine one coins however there really isn't any mining going on the blockchain a fundamental structure of cryptocurrency doesn't even exist in one coin and the exchange which allows real money to be traded for one coin has been under construction for years and mod would constant delays though the company will tell you that they sell educational packages helping teach people of our financial freedom each of these educational packages could cost anywhere from $100 to $100,000 this is how one Queen made their money a lot of the educational materials in these packages were later found to be plagiarized from other sources the buyers of these packages are told that the money that they used to buy them would be converted into one coin which is guaranteed to go up in value of course this turned out to be false perhaps by hiding behind technicalities and loopholes they've been able to grow so rapidly and fall under the legislative radar when you have a digital product that you cannot touch like an education package of course people are more skeptical so on I respect everybody who has questions or who criticize or just wants to talk to us but what I do not like is when people do not do their homework and do not check what is going on one coin retreated the best and most experienced multi-level marketing sellers to start the chain and the scheme was far reaching even as far as Uganda the seminars Sprouse it all over the world and brought ever more people into the get rich scheme sadly some sold their houses or their farm animals to buy in just exactly how much did you lose and what effect has it had on your life I personally lost ten thousand journalists and friends collectively war loss has been two hundred and fifty thousand euros it has been absolutely devastating for the unsuspecting person it's not hard to see how they could be fooled she wowed the crowds with their inspirational speeches her credentials constantly upholding her however not all was as it seems one of the first Google image search results that you get from dr. ruja appears to be her on the front cover of Forbes magazine here she looks the part of a pioneering genius but in reality this wasn't the front cover of Forbes far from it it was a paid advertisement in Forbes Bulgaria magazine the advert appeared halfway through the magazine next to another advert selling watches of course it was just a method to trick people into thinking Forbes had done a front-page interview with her while it remains that dr. Rocha has a PhD attended Oxford and is undoubtedly intelligent the careful fabrication of other aspects of her persona was an attempt to build authority and credibility around her hence when she spoke at events people were not only enchanted by her words but impressed by her credibility this is what made buying one coin look very attractive what were you told about investing in one coin and what it could earn you they were told that it would it's the value of it when she purchased they bred packages so I five thousand pound package when you bought it it turned into a digital currency value 40,000 that's how it was approached to you which sounds like an amazing financially life to enjoy with its founder finishing off the face of the earth and the indictment of her brother who took over the helm the one coin show must go on in homage to its glamorous founder one coin bizarrely held a beauty contest it was a hastily organised event intended to promote one coin in a time with doubt shrouded the company the whole thing was a very strange affair the top five contestants won $25,000 of plastic-surgery vouchers or the equivalent amount in one coin the company claimed that it would have an audience of twenty to fifty million people and that it was sponsored by Vogue however this couldn't be further from the truth there's only a few hundred people at the event and Vogue had no idea about the contest reading the website miss one life calm grammatical errors can be clearly seen and it does look like a run-of-the-mill internet fraud but regardless it's amazing to think that this organization pulled in 15 billion dollars in investments beneath the smiles the glitz and glamor lies an uncomfortable truth a truth that not only reflects individual human nature but society as a whole such as our perception of information Tech age coupled with greed and a herd mentality dr. Raja is one example of blowing way to open the floors of the modern age with so much information being constantly created on the internet people don't have time to fact-check people and companies can openly lie about facts and get away with it the small portion of people who find the truth have a much smaller voice than the lie that was first told and even if lies are exposed it's so so easy to blame fake news haters or simply just put out opposing content multi-level marketing which relies on a community and person-to-person selling can share some similarities to a cult the people inside are convinced to believe that the outside is against this us-versus-them mentality was one of the reasons that one coin seemingly continued to go on so effortlessly to the believers the entire financial sector and most of the world's governments wanted to shut down a revolution many still believe that dr. Rogers disappearance was for her own safety as opposed to her scamming everyone and running away with their money so where is dr. Raja well right now that's anyone's guess her brother and former bodyguard constantan does reveal more details however during testimony after being arrested by the FBI he states dr. Raja was living in Bulgaria before she vanished she told him that she was quote very tired of all the haters and was afraid somebody close to her was going to give her up to the FBI some of the final details we have is that dr. Rocha bought some plane tickets to Vienna Austria and then Athens Greece constantan hasn't spoke to her sister since she disappeared he hired a private investigator to find her but this has been unsuccessful she's wanted by the United States her brother is in custody awaiting trial and yet her company is still somehow functioning with steadfast believers and new ones buying in each day according to BBC journalists as much as 1 million dollars is still being pulled in each week her lawyer has recently been found guilty of fraud to the tune of 50 million u.s. dollars and is awaiting sentencing it's difficult to predict where she is however there's a high chance that she's still alive and just laying low by accounts of former onecoin employees her mother was unnerved by her daughter's disappearance suggesting that dr. Raja made a calculated exit as mentioned her last known travel destination was Athens Greece though some clue is pointed to by London and Russia with all of this being said the wealth she acquired from one coin may mean that finding her is impossible saw two things really is trying to figure out where this woman is which there are theories like you wouldn't believe about where she is what's happened to her and also trying to took uncover just how she she managed to pull this off I mean in some strange way this is a remarkable achievement to have fooled so many people and then to have vanished off the face of the earth this was becoming almost like a religion doctor threw one coin has exposed some glaring faults in society technology is developing so rapidly that is difficult to keep up this can generally be a great thing though on the flip side many people can be fooled into believing in technology that don't understand especially in this day and age with so many sides to each story and the emergence of fake news surrounding the Internet it's easy to get lost in an echo chamber of confirmation bias today it seems much more difficult for people to change their minds and consider opposing information dr. ruja who is thought to have run away with four hundred million dollars may never be caught some even believe that she's drastically changed her appearance with plastic surgery sources say that the money lost ranges anywhere from four billion to fifteen billion dollars for the sake of all of those investors who were scammed and lost everything we can only hope that dr. ruja Ignat / resurfaces somewhere and has to answer for her misconduct it's such a sad thing to see happen but the only thing that can be learned is always do your research before investing into anything so thanks for watching this video if you want to see anything on science technology business or history feel free to subscribe there's a lot of content here on this channel this has been - go go and you've been watching cold fusion and I'll catch you again soon for the next video cheers guys have a good one cold fusion it can you thinking [Applause] [Music] [Music]

Channel: ColdFusion

Views: 4,660,654

Rating: 4.8832812 out of 5

Keywords: Coldfusion, TV, Dagogo, Altraide, Technology, Apple, Google, Samsung, Facebook, Tesla

Id: 64xcgvEJ3Ys

Length: 17min 49sec (1069 seconds)

Published: Sat Feb 08 2020

Reddit Comments

[u/sixStringHobo]

The podcast is better. See the missing cryptoqueen.

[u/GjamesBond]

When is the docu coming for the QuadrigaCX scam?

[u/VihmaVillu]

And now his minions are doing next scam - Dagcoin

[u/angelus97]

I’m guessing she’s dead.

[u/pradeep23]

Imagined if politicians were accountable to their promises.

[u/dethb0y]

Anyone who rips off a shitcoiner deserves a fucking medal.

[u/Devout_Zoroastrian]

How on earth did people think this was legit? So obviously just a crypto themed MLM. I guess this is what happens when the public has 0 understanding of how cryptocurrencies work.

[u/icocatapult]

Check this articles on OneCoin.

https://twitter.com/TheDaoMaker/status/1214566742401249282

[u/[deleted]]

Funny thing about money/currency: it doesn't actually exist, except through the rules surrounding it. That makes it so easy to create currency-related scams. It's just information being exchanged via computers. The big winners of e-coin trade are the ones collecting all the traditional currency.