“She desperately wanted to be rich, even devouring books in the early hours about how to make money,” Bartlett wrote. Some $50 million came from investors in the US, according to court documents. Instead of armies of powerful servers, OneCoin was generated by a piece of software, court documents said. Less than two weeks later, on October 25, 2017, she boarded a commercial flight from Sofia, Bulgaria, to Athens, Greece, court documents said. Ignatov pleaded guilty to wire fraud conspiracy, money laundering and fraud charges, and is scheduled to be sentenced in February.

Source: CNN January 22, 2023 22:28 UTC