One of the most elite firms in the City of London is preparing a case against fugitive crypto-queen Ruzha Ignatova in connection with the multibillion-pound cryptocurrency scam called OneCoin, the Daily Mail reports.
The Mishcon de Reya law firm, whose clients included Princess Diana and now the famous anti-Brexit activist Gina Miller, is planning a collective action in the Supreme Court, the publication writes.
The Bulgaria-based scheme has been called “one of the biggest frauds in history”, with Ruzha Ignatova playing a central role in promoting it. The Bulgarian woman “disappeared” in 2017 and is on the FBI’s most wanted list, with US authorities offering $250,000 for information leading to her arrest.
Mishcon de Reia aims to recover funds lost by investors in the scam, with claimants able to sign up on a No Win, No Fee basis. This is a legal term that simply means that the lawyer will not take a fee if the claim is not won.
Launched in 2014, OneCoin touted itself as a competitor to Bitcoin, attracting investors around the world with promises of huge returns. The United States Department of Justice claims that at its peak in mid-2017, Ruzha Ignatova’s company accumulated more than 14 billion pounds, BNR reported.