In a significant development in the $4 billion OneCoin cryptocurrency fraud case, the mastermind behind the Ponzi scheme, ‘Cryptoqueen’ Ruja Ignatova, continues to elude authorities, while her partner, Konstantin Ignatov, has been sentenced to 20 years in prison.
Ruja Ignatova, who was once hailed as a rising star in the cryptocurrency world, mysteriously disappeared in 2017, leaving investors in OneCoin in the dark about their investments. Since then, she has managed to remain elusive, despite international efforts to locate and apprehend her.
Konstantin Ignatov, Ruja’s younger brother and a key figure in the OneCoin operation, faced a US court where he pleaded guilty to multiple charges, including money laundering and fraud. The judge sentenced him to two decades behind bars, emphasising the severity of his crimes.
With Konstantin’s sentencing, attention now turns to the whereabouts of Ruja Ignatova. Authorities around the world are determined to bring her to justice and unravel the full extent of the OneCoin scam. Investigators are pursuing leads that suggest she might be hiding in a foreign country under an assumed identity.
The saga of the ‘Cryptoqueen’ continues to captivate the cryptocurrency community and law enforcement agencies alike as they strive to close this chapter of one of the largest cryptocurrency frauds in history.
RBA maintains 4.35% rates as mortgage applications surge
The Reserve Bank of Australia (RBA) has decided to keep its official cash rate at 4.35%, citing concerns over the rapidly increasing number of mortgage applications.
This decision comes after several consecutive meetings where the RBA has refrained from adjusting interest rates.
The central bank’s decision to hold rates steady reflects their cautious approach to managing the current housing market boom. Mortgage applications have seen a significant surge in recent months, driven by record-low interest rates and increased demand for housing. While this has been a boon for the real estate industry, it has raised concerns about the potential for a housing bubble and financial stability.
Experts are divided on whether the RBA’s decision is the right course of action.
Some argue that maintaining low-interest rates is necessary to support economic recovery, especially in the wake of the COVID-19 pandemic. Others worry that the continued surge in mortgage applications without rate adjustments could lead to unsustainable levels of household debt.
In light of this decision, homeowners, prospective buyers, and investors will be closely watching the housing market’s trajectory and wondering how long the RBA can maintain its current stance.
There’s a 50/50 chance of a 2024 recession
The economy has been remarkably resilient despite massive pressures – but is that about to change in 2024?
The US economy is in for a sharp slowdown in 2024 as a closely watched survey of top economists foresees stubbornly high inflation, a rise in unemployment and a 50% chance of recession.
#ticker today #money
Tesla insurance sued for ‘inflated’ premiums, judge rules
A judge has ruled that Tesla’s insurance unit must face a lawsuit alleging “inflated” premiums.
The decision comes after policyholders claimed the electric car company’s insurance division overcharged them for coverage.
The lawsuit, which was filed by a group of Tesla policyholders, alleges that the premiums charged by Tesla’s insurance unit were significantly higher than market rates for similar coverage.
The plaintiffs argue that Tesla’s insurance division engaged in unfair pricing practices, leading to overpayment by policyholders.
Tesla has not yet commented on the judge’s decision, but the lawsuit raises questions about the transparency and fairness of the company’s insurance pricing.
It also highlights the growing scrutiny on how tech companies enter and compete in traditional industries like insurance.
YouTuber Trevor Jacob behind bars for plane crash stunt
Russian women want their men back from Ukraine
How will we entertain ourselves
Crypto.com accidentally transfers $10.5m to woman instead of $100
What is happening between SHIB and Vitalik? | TICKER VIEWS
Russia has cancelled itself. But the world should beware of poking the Russian bear￼
Tech22 hours ago
Amazon taps SpaceX for satellite launch, bypasses Bezos
Leaders5 days ago
Transforming Diversity with Impactful Passion
News2 days ago
Will TV regulation become irrelevant in the future?
News22 hours ago
UK introduces tougher visa rules to curb immigration
News6 days ago
‘Endlessly Generous’: Tributes Pour In as Henry Kissinger Passes Away at 100
News2 days ago
The reason petrol is suddenly cheaper
Tech2 days ago
Sam Altman and Elon Musk’s feud revealed
News3 days ago
COP28: Global effort to phase out fossil fuels