OneCoin Ponzi Scheme Is Back as TV Show

The co-founder of crypto Ponzi scheme OneCoin is charged with fraud and money laundering in her absense — but will now become a star in TV show.

On February 4, Hollywood news outlet Deadline released a report, noting that a United States production company has won the screen rights to a podcast about Ruja Ignatova, previously owned by the British Broadcasting Corporation (BBC) in the United Kingdom.

OneCoin drama is going to “get the word out“

Detailing the rise, fall and disappearance of Ignatova, in four months since its launch in 2019, “The Missing Cryptoqueen” was downloaded 3.5 million times.

Now, New Regency Television will transform the podcast about OneCoin into a full-scale TV show.

“Hope it continues to get word out about OneCoin around the world,” producer and co-writer, Georgia Catt, tweeted after the news appeared.

Currently Ignatova is in hiding, as prosecutors accuse her and her brother, Konstantin Ignatov, of numerous cases of fraud and money laundering. Konstantin has already pleaded guilty to the charges and faces up to 90 years in prison.

OneCoin duped investors into giving the organization about $5 billion in total.

Ponzi scams suspicions abound in crypto

This year, OneCoin’s successes remain pertinent to crypto participants, as skepticism rises around other operations which have triggered alarms for many. Notably, Hex (HEX), an altcoin promising huge returns to investors, but losing its value in several months, is still in the spotlight.

At the beginning of January CryptoTheNews released a report, noting that after losing over 50% of its entire value in 24 hours, Hex was trading for less than one satoshi.

Richard Heart, the self-proclaimed creator of Hex, denies accusations that the project is dishonest.

Contrary to Hex, OneCoin has never been a cryptocurrency, as its exchange was controlled entirely by its executives, and no necessary indicators such as market cap were present.