The Onecoin Ponzi scheme remains in the headlines as reports from a lawsuit in Germany revealed that the missing “Cryptoqueen” Ruja Ignatova bought a London penthouse worth $ 18.2 million with the proceeds from the Onecoin operation. The Münster court’s conclusions stem from the trial against Martin Breidenbach, Ignatova’s German lawyer, accused of money laundering.
‘Cryptoqueen’ Ruja Ignatova’s $ 18.2million London Penthouse – Apartment packed with fine art, rare piece by Andy Warhol
Ruja Ignatova, the “Cryptoqueen” of Onecoin, has purchased a luxury penthouse in London through a shell company, according to recent reports from the BBC. The report notes that Martin Breidenbach is on trial in Münster, Germany, along with two other people on money laundering charges related to the Onecoin pyramid scheme and Ruja Ignatova. Reports published years ago show that Breidenbach started working with Onecoin in 2014.
The lawyer worked with the law firm Breidenbach Rechtsanwälte and he was noted that the lawyer was also the director of Onecoin Limited (Gibraltar) for eight months in 2015, and apparently a partner of Cryptoreal RSB Central GmbH (Switzerland) as well. Breidenbach’s trial, along with the findings of British author, BBC journalist and “Missing Cryptoqueen” podcast host Jamie Bartlett, revealed that Ruja Ignatova tasted extremely expensive.
Reports say the four-bedroom luxury apartment has kept a number of works of art hidden in the apartment, including a rare Andy Warhol piece. The property was purchased by a shell company in 2016 who kept the name of the “Cryptoqueen” out of the picture. Just before renting the London apartment, Ignatova pleaded guilty to a German bankruptcy case. Now Breidenbach is charged with money laundering after transferring 20 million euros ($ 23 million) to fund the property.
Reports indicate that the “Cryptoqueen” stayed in the luxury apartment in 2016, but did not spend much time there. The owner of the property, as stated on the deed, is called Abbots House Penthouse Limited. Meanwhile, Ruja Ignatova has been missing since 2017 and despite a major search effort around the world, she has not been found. Onecoin is considered to be one of the largest crypto-related Ponzi schemes and the first as well.
In 2014, the law firm Breidenbach Rechtsanwälte declared: “In our opinion, Onecoin is a legitimate product”
German law firm Breidenbach Rechtsanwälte in 2014 helped legitimize the idea that Onecoin was a cryptocurrency, even though it had no blockchain or similarities to blockchain technology.
“Most countries have recognized cryptocurrencies as a good faith commodity, which can be owned and traded by their citizens,” law firm Breidenbach Rechtsanwälte said in 2014. “In our opinion, ‘Onecoin’ is a legitimate product, limited to 2.1 billion (coins), ”added the law firm in December 2014.
What do you think of Martin Breidenbach’s trial in Germany and the costly habits of the ‘Cryptoqueen’? Let us know what you think of this topic in the comments section below.
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