Monthly Archives: May 2021

Bitcoin Market Manipulation

File on Cryptoqueen’ s 230,000 Bitcoins Released

May 19, 2021 For Immediate Release

London:

Dr. Jonathan Levy in the lawsuit CCRT v. OneCoin has alleged that “Cryptoqueen” Ruja Ignatova controls 230,000 Bitcoins obtained from Sheikh Saoud bin Faisal Al Qassimi in a 2015 swap for frozen Dubai assets worth up to $1 billion.

The current Bitcoin price slide and sell off coincides with the May 12^th revelation of the lawsuit and the potential existence of the 230,000 Bitcoins in the hands of one of the world’s most wanted fugitives, Ruja Ignatova who swindled billions in a cryptocurrency Ponzi scheme.  Her OneCoin rivaled Bitcoin in 2015-2016.

There is strong circumstantial evidence that Ignatova could be methodically unwinding her Bitcoin position at peak prices by using techniques known as CoinJoins and Bitmixing that render the transactions supposedly untraceable.  And today it was announced a default judgment for $4 billion was obtained against her in a separate New York class action lawsuit adding some potential impetus.

Dr. Levy is calling for a suspension in Bitcoin trading until the Al Qassimi file has been evaluated by competent authorities.  The file contains the documents by Al Qassimi’s counsel submitted to a Dubai court where Al Qassimi is seeking hundreds of millions of dollars in previously frozen OneCoin funds.  Al Qassimi claims that he own the assets because of the 2015 transaction involving the 230,000 Bitcoins.

The Dubai authorities in a seemingly incomprehensible decision made in June 2020 cleared the Cryptoqueen of any wrongdoing despite overwhelming evidence of criminal activity and money laundering.

If the allegations are found true, yet again Bitcoin and cryptocurrency have been the means to commit sensational crimes.  With the United States still feeling the effect of the Colonial Pipeline ransomware attack, which was paid off in cryptocurrency, a trading halt may be the only way to address rampant criminality in the crypto asset markets.  Unlike cash, criminals can easily conceal and hide millions of dollars of the invisible crypto assets as well as transfer them from wallet to wallet and across national borders unhindered by any regulators or gatekeepers.

A copy of the lawsuit and all documents referenced herein may be downloaded at:

OneCoin Lawsuit

For More Information:

Dr. Jonathan Levy

info@jlevy.co

Billionaire Crypto Criminal Ruja Ignatova Under Protection of State Sponsor of Terrorism

May 17, 2021 For Immediate Release

London: A previously unreleased document made available to Plaintiff’s counsel Dr. Jonathan Levy in the lawsuit CCRT v. OneCoin shows that “Cryptoqueen” Ruja Ignatova may be under the protection of a powerful state sponsor of terror in the Middle East.

The document authored by the Kuwaiti Ministry of Interior was delivered to the Dubai Chief of Police by special courier in 2015.  The document warned that Ruja Ignatova’s OneCoin was a front for terrorism financing.  The report authored by Assistant Undersecretary for Criminal Security Affairs Major General Abdul Hamid Abdul Rahim Al-Awadi stated:

Ruja Ignatova entered the United Arab Emirates using a diplomatic passport through Dubai International Airport by a private plane and in possession of a large sum of money.

She purchased a license for a bank license in the UAE for US $16 million

Ignatova used accounts at Mashreq Bank to launder money for terrorist groups and made several bank transfers to Afghanistan, Pakistan, and Yemen, which included terrorist organizations.

Kuwaiti Intelligence believed Ignatova was working for an unnamed state sponsor of terrorism.

The lawsuit alleges that Ignatova received diplomatic credential from Sheikh Saoud bin Faisal Al Qassimi and purchased a bank license from him.   Other document’s in plaintiff’s possession indicate Sovereign Group’s Nicholas Cully and Ignatova’s German lawyer helped Ignatova and sidekick Sebastian Greenwood open bank accounts in Dubai.  Mashreq Bank soon became suspicious and reported the matter to the Dubai Central Bank which ordered a partial banking freeze on the individuals and accounts involved.

Ignatova then sold or pledged her Dubai holding worth about $1 billion to the Sheikh Saoud bin Faisal Al Qassimi  for 230,000 BTC worth $50 million then and now over $10 billion.

Despite issuing summonses for Ignatova, Greenwood, and the others, the Dubai police and prosecutor made no arrests and quietly closed the case in June 2020 even though Greenwood was in jail in New York for money laundering and Ignatova one of the world’s most wanted fugitives.

According to the lawyer for the plaintiffs, Dr. Jonathan Levy: “This is an outrage. Dubai had all the information necessary to arrest Ignatova in 2015.  Yet the arrest was never attempted and the case quietly closed in June 2020 with the bizarre recommendation that the criminals were entitled to the funds they stole from victims as no crime was committed.” Dr. Levy also warned: “$10 billion in crypto currency may already be in the hands of terrorists in exchange for protection provided to Ignatova who faces decades in prison if brought to justice in the United States. The OneCoin funds exchanged for Bitcoin illustrate the most dangerous aspects of the unregulated cryptocurrency market.”

As to the Cryptoqueen’s whereabouts Dr. Levy explains: “She is under possible protection of a state sponsor of terror and also has been found not to have committed any crime in Dubai despite volumes of evidence of money laundering. Ignatova is almost certainly in the UAE possibly in one of the emirates controlled by the Al Qassimi royal family. UAE has no extradition treaty with the United States and she is no doubt well protected.”

A copy of the lawsuit and documents referenced herein may be downloaded at:

OneCoin Lawsuit

For More Information:

Dr. Jonathan Levy

info@jlevy.co

Tel  +44 (0) 20 8144 2479

ONECOIN & BITCOIN: TWO SIDES OF THE SAME COIN

LAWSUIT REVEALS CRYPTOQUEEN RUJA IGNATOVA CONTROLS BITCOINS WORTH OVER $13 BILLION

May 12, 2021                                                                             

London:

A lawsuit filed against the OneCoin organization by victims contains new information about $500 million still in Dubai bank accounts and reveals Cryptoqueen Ruja Ignatova made off with 230,000 Bitcoins now worth over $13 billion paid to her by a member of an Emirati royal family in 2015.

The lawsuit is based on new information from Dubai where One Coin had a large presence confirms the presence of $500 million in cash and other assets worth as much as $1 billion being fought over in several court cases by representatives of Ruja Ignatova, her second in command Sebastian Greenwood, an Emirati sheikh, and other One Coin associates.

The One Coin organization funneled billions to banks and real estate in Dubai where they were aided by His Excellency Sheikh Saoud bin Faisal Al Qassimi and a former real estate agent Mimoun Madani.  Al Qassimi is the son of one of the wealthiest men in the UAE, United Arab Bank CEO H.E. Sheikh Faisal Bin Sultan Bin Salem Al Qassimi, pictured below with Ignatova.  The Al Qassimi family holdings includes a vast array of enterprises thought out the UAE and Middle East.

Ruja Ignatova and CEO United Arab Bank circa 2015

The younger Al Qassimi was an early associate of Ignatova and provided her diplomatic credentials to facilitate her travel to and residence in the UAE.  Al Qassimi and Greenwood also made a “gift” of over $1 million to a Dubai bank official to facilitate the opening of accounts for the OneCoin enterprise.  However, in 2015, the accounts containing over $500 million were frozen when Ignatova and Greenwood came under suspicion for money laundering.

The Largest Bitcoin Transaction Ever Recorded

In 2015 the younger Sheikh Al Qassimi in a well-documented and witnessed transaction handed over to embattled Ignatova, four hard wallets (USB devices) containing 230,000 Bitcoins then worth about $50 million in exchange for the now frozen One Coin bank accounts, other assets and real estate in the UAE worth perhaps $1 billion. The peer to peer transaction was anonymous and as the price of Bitcoin rose to dizzying heights, Ignatova was supplied with a virtually endless supply of cash. She dropped out of site by the end of 2017. The 230,000 Bitcoins are now worth a staggering $13 billion.  The Cryptoqueen has become the largest beneficiary of the Bitcoin price run up and crowned most successful criminal in history. With billions in cryptocurrency, she has easily eluded an international manhunt thanks to Bitcoin’s anonymity.

The plaintiff’s attorney, Dr. Jonathan Levy, explains that regulators and law enforcement have dropped the ball not just on OneCoin but dozens of lesser crypto scams: “Regulators seems oblivious to the fact the cryptocurrency’s main purpose is to facilitate and reward criminals like Ruja Ignatova.  It is no coincidence that Ignatova is the main beneficiary of the Bitcoin bubble.” Dr. Levy has been advocating for a victim superfund to be established by the EU based on a .0001 per Euro tariff on cryptocurrency transactions. “The winners are clearly the bad guys: organized crime, money launderers, and market manipulators while the small-timers are continually defrauded, hacked and abused.  Crypto cannot be insured and if we cannot ban it altogether; a victim superfund is an urgent necessity.”

Dr. Levy has begun to release additional documents related to the lawsuit and will continue to do so as the case moves forward.  The case against One Coin is one of several he has filed in the British Indian Ocean Territory Supreme Court based on the repeated use of the top level domain .IO (Indian Ocean) by crypto criminals with no real presence other than websites.

For more information:

info@jlevy.co
Tel  +44 (0) 20 8144 2479
Fax +1 202 478 1970