Cryptoqueen Ruja Ignatova joins fraudulent venture in Dubai


After swindling billions of dollars through a fraudulent venture named ‘OneCoin’ and going into hiding, cryptoqueen Ruja Ignatova has now joined another scam venture named ‘EcoShumi Foundation’ in Dubai with fresher mission of mainly cheating wealthy individuals and oil sheikhs in the Middle East, including the United Arab Emirates. Ruja Ignatova, who is on the FBI’s top 10 most-wanted list has been missing since 2017 when United States officials issued a warrant for her arrest. She founded OneCoin, a Bulgaria-based company that marketed a cryptocurrency. The company offered buyers a commission if they sold the currency to more people but the FBI said it was ultimately worthless. It has been described as a Ponzi scheme disguised as a cryptocurrency.

According to our source in Dubai, EcoShumi Foundation has recently announced inclusion of Zdenka E. Rezacova as one of its founders, while it is anticipated that this Zdenka E. Rezacova is reality is Ruja Ignatova herself or her representative. Earlier, EcoShumi Foundation, a dangerous scam racket announced inclusion of several individuals as its members, which include:

Charlie Garland, founder at, and Senior Fellow HITLAB Healthcare Innovation Lab, Hamad Bin Jazi, Managing Partner at Jazz & Co., Dr. Samer El Sayary, and Humaid Al Blooshi while most surprisingly this fraud racket has concealed names of some of its members.

Also read Kamil Grund and EcoShumi Foundation frauds sell Arab royal family members

On its HOME page, EcoShumi Foundation has provided links to its social media accounts. Its LinkedIn account link shows names of its 19 “officials”, its Printerest account has ten thousand followers, while its Twitter account is fake. According to its LinkedIn account, names of its officials are:

Stefano D (second account), Muhittin I (second account), Maurizio Cusimano (claims to have studied at the University of London), Isabel Jiménez (second account), Monica Grund (wife of infamous scammer Kamil Grund), Dina Ellis Rochkind (second account), Kamaal Qasmi (second account), Anthony Vippond (second account), Soji Amusan (second account), and Samuel Adesegun Egunjobi (claims to have studied at Mohammed Bin Rashid University of Medicine and Health Sciences). But now EcoShumi Foundation fraud racket has hidden names of most of its founder members.

It may be mentioned here that, Monica Grund’s husband Kamil Grund, who actually is one of the founders of EcoShumi Foundation is a notorious fraudster.

Ruja Ignatova’s properties in the UK

According to media reports, FBI’s most wanted cryptoqueen fraudster is owning properties worth millions of dollars in the United Kingdom.

Ruja Ignatova who is known as the FBI’s most wanted missing cryptoqueen has recently claimed London flat. The scammer disappeared in 2017 as her cryptocurrency OneCoin was at its height – attracting billions from investors. Fraud and money-laundering charges in the US have led to her becoming one of the FBI’s 10 most wanted fugitives.

Also read Kamil Grund, a grand fraud heads ‘EcoShumi Foundation’ scam gang

The Oxford-educated entrepreneur told investors she had created the “Bitcoin killer”, but the files suggest she secretly amassed billions in her rival currency before she disappeared. Details first surfaced in 2021 in leaked documents from Dubai’s courts, posted online by a lawyer who crowned Dr Ruja – as she’s known – the “most successful criminal in history”.

The Bulgarian woman, believed to be in her 40s, is wanted for her alleged role in running a cryptocurrency scam known as OneCoin. Federal investigators accuse the fugitive of using the scheme to defraud victims out of more than US$4bn (£3.2bn). She has been missing since 2017 when US officials signed an arrest warrant and investigators began closing in on her. In 2014, OneCoin, a self-described cryptocurrency, began offering buyers commission if they sold the currency on to more people.

“She timed her scheme perfectly, capitalizing on the frenzied speculation of the early days of cryptocurrency”, said Damian Williams, Manhattan’s top federal prosecutor. The FBI adds fugitives to its most wanted list when it believes the general public may be able to assist in tracking them down. A bureau notice published on Thursday offered a US$100,000 reward for any information leading to the arrest of Ruja Ignatova, who was charged in 2019 with eight counts including wire fraud and securities fraud.

A number of front-ranking UK lawyers are reportedly extending legal services against huge service charge to Ruja Ignatova, one of the world’s most-wanted fugitives who went into hiding after defrauding investors out of US$4 billion in cryptocurrency scam named ‘OneCoin’. Although Ruja Ignatova is seen by Federal Investigation Agency (FBI) as “missing cryptoqueen or a fugitive, in reality she has been living in the United Kingdom under protection of several mighty politicians belonging to the Labour Party, while she is enjoying legal services from a number of front-ranking UK lawyers. Last week she came out of hiding to make a formal claim on a £13.5 million townhouse in London, while the UK authorities neither arrested her nor brought the matter to attention of Interpol or FBI.

Also read Cruel scammers Bernie Madoff, Ruja Ignatova and Jorge Sebastiao

According to information, a UK law firm named Locke Lord offered its services to Ruja Ignatova long after she went missing. A letter admitted in evidence at the US trial of ex-employee Mark Scott shows that on July 12, 2018 James Channo, a partner at the London branch of the firm, wrote to Ruja about her UK properties.

Ruja Ignatova’s activities in the UAE

The most tantalizing claim made in Dr Levy’s legal case is that a massive Bitcoin deal was struck with an Emirati royal, Sheikh Saoud bin Faisal Al Qassimi, the son of a wealthy business tycoon. The files further suggest that in 2015, Sheikh Saoud bin Faisal Al Qassimi gave Ruja Ignatova four USB memory sticks containing 230,000 bitcoin – worth €48.5m at the time. In return, Ruja Ignatova handed over three cheques to Sheikh Saoud bin Faisal Al Qassimi from Mashreq Bank, totaling around 210m Emirati dirhams, roughly €50m.

Prior to the alleged deal, Dubai’s Mashreq Bank had begun closing Ruja Ignatova’s accounts amid money-laundering concerns, so the cheques were unable to be cashed. In 2020, the Dubai authorities unfroze Ruja’s funds, despite the fact that more than a year earlier the US Department of Justice had published an indictment for her, labelling OneCoin a “fraudulent cryptocurrency”.


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