Authorities in India have prepared charges against the founder of OneCoin, the digital currency investment scheme widely believed to be fraudulent.
According regional news source The Indian Express, the Economic Offenses Wing of the Navi Mumbai Police has put together a charge sheet – in which allegations are formally laid out – that includes dozens of promoters connected to OneCoin. Those involved are accused of taking thousands of dollars from investors.
Police have been cracking down on proponents of OneCoin for months, dating back to April, when police arrested a group of individuals following a promotional event. India is among a number of countries worldwide in which law enforcement agencies have pursued investigations against OneCoin.
Among those being charged is Ruja Ignatova, who founded OneCoin and has largely been viewed as the public face of the scheme, appearing at events worldwide, including an appearance in May at one in Macau. A group of “nearly 30” people have been charged as a result of the Mumbai police investigation.