Ep03- OneCoin – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast

Excellent news! Since OneCoin is back on the news and “The Lacking Cryptoqueen” already launched an eleventh episode, proving that they’re again for actual, we’re going to double down on our efforts. Beginning immediately, we’ll summarize two episodes per week to meet up with the brand new developments in Dr. Ruja’s case. We hit the nail on the pinnacle on this one, and there’s nothing left to do however let the roulette roll and see the place the OneCoin story takes us.

On this episode, we study that OneCoin’s inner slogan was “the best firm ever” and Jamie Bartlett travels to Sofia, Bulgaria, to take a look at Dr. Ruja’s properties. This episode is freed from mafia insinuations, it offers with the cultic facets of OneCoin’s entrepreneurial tradition as a substitute. We’re additionally capable of put a quantity on how huge of a rip-off OneCoin actually was. SPOILER ALERT: It was at the very least €4B huge.

Bear in mind, you may obtain episodes directly from the BBC, or hearken to “The Lacking Cryptoqueen” by way of Apple, Spotify, or iVoox.

About OneCoin And “The Lacking Cryptoqueen’s” Episode Three

Probably the most thrilling factor about “The Lacking Cryptoqueen” is the sense of immediacy it conveys. It’s a residing and respiration podcast. The story was taking place throughout Jamie Bartlett and the staff. The OneCoin individuals react to “The Lacking Cryptoqueen’s” creation and, by way of social media, assault the creators with all the things they’ve. And the entire scene is a part of the podcast. And that is simply episode three. Ultimately, they even ask for the viewers to name and tip them about Dr. Ruja’s whereabouts.

This episode begins with Konstantin Ignatov, Dr. Ruja’s youthful brother, private assistant, and inheritor to the OneCoin crown. He was arrested by the FBI and charged with cash laundering and fraud. The authorities had already declared OneCoin a fraud, even. Surprisingly, when Bartlett and the staff go to the OneCoin headquarters, they understand that the corporate continues to be “open for enterprise.” Individuals are nonetheless shopping for OneCoin even though one in all their leaders is on the run and the opposite was arrested.

That leads us to the cult-like facets of the operation. A faith-like perception justifies the disappearance of the leaders as a conspiracy to cease OneCoin. Within the quote under, you’ll really feel the silence whereas studying the outline of the group’s workplaces. You’ll really feel the Dr. Ruja worship. It’s only one step away from faith and really close to a cult.  Jamie Bartlett describes OneCoin as “much less a cryptocurrency and extra like a perception system.” An knowledgeable in that subject corroborates the speculation.

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The Devastation That They Triggered

At one level we, as soon as once more, hearken to Dr. Ruja’s personal voice saying the crypto scammers’ slogan. “In two years, nobody will discuss bitcoin.” For those who ever hear that, run. In the second episode, we discovered that OneCoin referred to as the critics “haters.” On this one, we study that the buyers and workers are instructed to avoid them Scientology-style. One other shocking truth is that the second time period OneCoin makes use of probably the most to explain its critics is “bitcoiner.” These pesky bitcoiners, all the time inflicting hassle.

We study concerning the scale of the devastation that Dr. Ruja brought on by listening to concerning the OneCoin Victims Help Group. The victims are damaged, they’ve misplaced all the things after which some. We additionally study concerning the scale of the rip-off by the use of a report/ database that producer Georgia Catt received her palms on. From all around the world, the group was getting €60M per week. From August 2014 to March 2017, OneCoin’s income was over €4B. Over €100M have been from the UK alone. And that’s the place the report stops, the group was nonetheless earning profits left and proper.

Quotes From “The Lacking Cryptoqueen ’s” Episode Three – “Extra Than Simply A Coin”

An nameless witness describing the OneCoin workplaces: 

“At its peak, it was about 50 individuals working within the Sofia workplace. Ruja’s workplace is on the 4th ground. You by no means noticed her with out the gypsy earrings, the robes, the jewellery, all the things. Even when she’s simply working within the workplace. Contained in the Sofia workplace, the crypto middle is the place members of the OneLife community are allowed to fulfill members of the Sofia employees who’re essential. If you’re out of favor, they received’t allow you to in, or they’ll maintain you sitting there the entire day, ready. 

It’s arrange nearly like a cathedral. You don’t converse out loud, you whisper to one another. It’s all set in darkish tones, all the things is gilded. There was a giant cardboard cutout of Ruja. You see individuals touching it and doing that silly OneCoin signal prefer it’s an icon. It’s gone now as a result of it will definitely fell aside as a result of too many individuals have been touching it. Dr. Ruja! Dr. Ruja! The most important insult that you could give OneLife is to say: “that’s not Dr. Ruja’s imaginative and prescient.”

Bitcoin-enthusiast Timothy Curry, describing the cult of character behind Dr. Ruja:

“There have been many cultish issues that the corporate did. The repetitive indoctrination. For those who have a look at the highest leaders, the way in which they costume, the way in which that they confirmed issues off. Ceremonial issues, nearly like, particularly on stage. Every thing, from the musical introductions to Ruja, to the theatrics, they actually did create a worship behind her.”

OneCoin Materials And Episode Credit

Six years in the past, whereas OneCoin conquered the world, NewsBTC quoted the notorious Roger Ver talking on the case. Then generally known as a “bitcoin evangelist,” the controversial determine denounced OneCoin for what it’s: 

“In a current interview, the proprietor of says he believes OneCoin is a fraud, and that buyers ought to all the time be cautious of recent cash and skim up earlier than they put their cash in issues they don’t perceive:

“There may be by no means a cryptocurrency with out a pockets. This seems like extra proof of its fraudulent nature. OneCoin isn’t traded on a single change wherever on the earth so far as I do know.”

OneCoin has been round for over two years, however questions surrounding its authenticity proceed to plague the Web.”

Say what you’ll about Roger Ver, however the man was proper on the cash on this one.

And at last, the episode’s credit:

Presenter: Jamie Bartlett
Producer: Georgia Catt
Story advisor: Chris Berube
Editor: Philip Sellars
Unique music and sound design: Phil Channell
Unique music and vocals: Dessislava Stefanova and the London Bulgarian Choir

Earlier Companion Guides For BBC’s “The Lacking Cryptoqueen” Podcast:

Ep. 01 –

Ep. 02 –

Featured Picture: The Lacking Cryptoqueen podcast brand from the BBC | Charts by TradingView

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