Ed Meza @edmezavar “Cryptoqueen – The OneCoin Scam,” which makes its market debut at Mipcom in Cannes, chronicles the story of the fake cryptocurrency and its charismatic founder who stole up to $15 billion from trusting investors.
Produced by Emmy-award-winning production company A&O Buero and sold internationally by Java Films, the documentary follows Ruja Ignatova, OneCoin’s founder, who hyped the cryptocurrency at rallies that resembled religious gatherings.
Ignatova claimed that OneCoin was on course to become the world’s biggest digital currency and change life on Earth, describing it as the cryptocurrency for the poor, a currency that would turn paupers into princes.
It was a giant fraud, however, and only turned Ignatova into the Cryptoqueen. Ignatova threw lavish champagne parties and bought luxury properties around the world before she suddenly disappeared without a trace — and after defrauding investors of an estimated $15 billion.
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