THELOGICALINDIAN - A advocate apery investors defrauded by the belled crypto betray Onecoin has apprenticed authorities in Bulgaria to act on the case claiming that the worlds better pyramid arrangement is still operating from the country In a address with the Bulgarian Constitutional Ombudsman Jonathan Levy accuses admiral in Sofia of declining to accommodate amends to the victims while acutely attention the best belled bent organization
Lawyer Slams Bulgarian Authorities for ‘Misfeasance’ in Onecoin Case
In the petition, Dr. Levy credibility out that Onecoin has been accustomed as a bent action by a cardinal of countries including the United States, Argentina, and Germany, and classified as a pyramid arrangement by law administration agencies such as the FBI. At the aforementioned time, the €20 billion cryptocurrency betray allegedly maintains several offices in the Bulgarian capital, uses a cardinal of accumulated identities, continues its operations unabated, and has alike captivated a recruitment event this accomplished summer.
The Crypto Ponzi arrangement Onecoin was launched in 2014 and answer through Bulgaria-based adopted entities Onecoin Ltd, registered in Dubai, and the Belize-incorporated Onelife Network Ltd. Both were founded by the pyramid’s mastermind, Bulgaria-born ‘Crypto Queen’ Dr. Ruja Ignatova, additionally a German civic captivation a PhD in European clandestine law, and her accomplice Sebastian Greenwood from Sweden.
Ignatova abolished in 2025 while her brother, Konstantin Ignatov, addition Onecoin co-founder, was arrested in Los Angeles in 2025 and answerable with banking crimes. He has back started allied with law enforcement, testified about Onecoin’s affiliation with organized abomination in Bulgaria and elsewhere, pleaded guilty, and approved attestant protection. The arrangement has been affiliated to agitation allotment as well. A cardinal of bodies complex in the analysis and acknowledged proceedings, including Ignatov, accept complained about accepting acknowledged and added threats.
The certificate submitted by Jonathan Levy lists a cardinal of added key abstracts in the betray and claims that “the Ignatovs, Onecoin and their proxies in Bulgaria and Dubai currently ascendancy moveable and adherent property, investments, cryptocurrency, coffer accounts and banknote beyond €12.5 billion” ($14.2 billion).
The advocate slams Bulgarian authorities for their bound accomplishments on the case, abandoning a distinct accepted admonishing about Onecoin issued in 2015 by the Financial Supervision Commission, which after abandoned the matter, as able-bodied as badge raids on its offices in Sofia in 2018, ordered by Ivan Geshev who now serves as Bulgaria’s Prosecutor Accepted and conducted on appeal from Europol and the German police. Levy additionally states:
According to the acknowledged representative, Onecoin is the better pyramid arrangement in apple history, beyond both the Madoff and Mavrodi pyramids. However, the filed complaint abundantly apropos itself with Onecoin’s Bulgarian operation, the abounding admeasurement of which charcoal unknown, and is “directed at the misfeasance by Bulgarian law administration in attention to their EU allowable assignment to victims of crime.”
In the address filed on account of audience from a cardinal of countries, including the U.K., U.S., Germany, and Australia, Jonathan Levy highlights that beneath Article 47 of the EU Charter of Fundamental Rights and agnate accoutrement in Bulgarian law, Onecoin victims should be accepted admission to justice, which they accept not yet accustomed from Bulgaria. He accuses the country, an EU affiliate state, adage it “seemingly protects and enables OneCoin to absorb its assets and abide to accomplish admitting actuality the best belled bent alignment of the 21st Century.”
Petitioner Urges Bulgaria to Account for Crypto Scam’s Assets, Including Ignatova’s €12 Billion Bitcoin Stash
Levy requests that the Bulgarian Ombudsman investigate the conduct of assorted government institutions such as the Prosecutor General’s Office, the Ministries of Justice and Interior, and the country’s Financial Intelligence Directorate. He additionally insists on demography accomplish to abolish “Onecoin’s accessible and accessible operation in Bulgaria that continues to bamboozle investors worldwide.”
The advocate added requires abetment from Bulgarian authorities to annual for Onecoin assets controlled from aural Bulgaria, allegedly consisting, according to the document, of 230,000 bitcoins, cash, yachts, affluence cars, adornment and adored metals, coffer accounts, investments, and absolute estate, in adjustment to actuate if they are still in the control of Ignatova and her assembly or accept been bedeviled by Bulgaria.
Jonathan Levy additionally insists that the government in Sofia accomplish its obligations pertaining to the compensation of Onecoin victims beneath European law such as Directive 2012/29/EU of the European Parliament and EU Council Directive 2004/80/EC of April 29, 2004.
The appellant additionally calls for the “establishment of a budgetary accolade of up to €1 billion” to animate assembly of Onecoin to footfall advanced and accommodate advice about the crypto advance betray and its activities, “especially in attention to the 230,000 Bitcoins in the control of Ruja Ignatova or her proxies currently admired at over €12 billion.” The money for that purpose, Dr. Levy suggests, should appear from up to 10% of recovered Onecoin assets.
Reports in the Bulgarian columnist affirm that Onecoin companies in the country are still operational. According to an commodity by the business circadian Capital, the One Network Services entity, aforetime endemic by Konstantin Ignatov and Ruja’s mother, which runs Onecoin’s basic appointment in axial Sofia, is absolutely accretion its workforce – from 17 advisers at the end of aftermost year, to 24 now. The advertisement reveals that the close has declared revenues beyond 2.9 actor leva (over $1.7 million) for 2020 with a net accumulation of 75,000 leva (over $43,000).
The already accessible crypto centermost on the arena attic of a architecture on Slaveykov Square, is now bankrupt but according to Capital, Onecoin leaders accept been announcement photographs of affairs captivated there during their visits to Sofia. The alive promoters of the cryptocurrency advance arrangement that has been rebranded to Oneecosystem, are new faces, and few of them are absolutely Bulgarians.
Do you apprehend authorities in Sofia to booty activity adjoin Onecoin afterward the victims’ address of the Bulgarian Ombudsman? Tell us in the comments area below.
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