Ep03- OneCoin – Companion Information For BBC’s “The Lacking Cryptoqueen” Podcast


Excellent news! Since OneCoin is again on the information 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 at the moment, we’ll summarize two episodes every week to meet up with the brand new developments in Dr. Ruja’s case. We hit the nail on the top 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 an alternative. We’re additionally in a position to put a quantity on how large of a rip-off OneCoin actually was. SPOILER ALERT: It was at the least €4B large.

Bear in mind, you’ll be able to obtain episodes straight from the BBC, or take heed to “The Lacking Cryptoqueen” via Apple, Spotify, or iVoox.

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

Essentially 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 group. The OneCoin folks react to “The Lacking Cryptoqueen’s” creation and, via social media, assault the creators with the whole lot 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 group go to the OneCoin headquarters, they understand that the corporate continues to be “open for enterprise.” Persons are nonetheless shopping for OneCoin even supposing one in every of 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 places of work. 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 skilled in that area corroborates the speculation.

BTC value chart for 10/20/2022 on Bitstamp | Supply: BTC/USD on TradingView.com

The Devastation That They Brought on

At one level we, as soon as once more, take heed to Dr. Ruja’s personal voice saying the crypto-scammer’s slogan. “In two years, nobody will discuss bitcoin.” In case you ever hear that, run. In the second episode, we found out that OneCoin referred to as the critics “haters.” On this one, we study that the traders and staff are instructed to stay away from them Scientology-style. One other stunning reality 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 in regards to the scale of the devastation that Dr. Ruja attributable to listening to in regards to the OneCoin Victims Help Group. The victims are damaged, they’ve misplaced the whole lot after which some. We additionally study in regards to 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 every week. From August 2014 to March 2017, OneCoin’s income was over €4B. Over €100M had been from the UK alone. And that’s the place the report stops, the group was nonetheless being profitable left and proper.

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

An nameless witness describing the OneCoin places of work: 

“At its peak, it was about 50 folks working within the Sofia workplace. Ruja’s workplace is on the 4th flooring. You by no means noticed her with out the gypsy earrings, the robes, the jewellery, the whole lot. 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 satisfy members of the Sofia employees who’re vital. If you’re out of favor, they received’t allow you to in, or they’ll preserve you sitting there the entire day, ready. 

It’s arrange virtually like a cathedral. You don’t converse out loud, you whisper to one another. It’s all set in darkish tones, the whole lot is gilded. There was a giant cardboard cutout of Ruja. You see folks 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 had been touching it. Dr. Ruja! Dr. Ruja! The most important insult you can give OneLife is to say: “that’s not Dr. Ruja’s imaginative and prescient.”

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

“There have been many cultish issues that the corporate did. The repetitive indoctrination. In case you have a look at the highest leaders, the best way they gown, the best way that they confirmed issues off. Ceremonial issues, virtually like, particularly on stage. All the pieces, 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 often known as a “bitcoin evangelist,” the controversial determine denounced OneCoin for what it’s: 

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

“There’s by no means a cryptocurrency with out a pockets. This feels like extra proof of its fraudulent nature. OneCoin isn’t traded on a single trade wherever on the planet 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 eventually, the episode’s credit:

Presenter: Jamie Bartlett
Producer: Georgia Catt
Story marketing consultant: 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 – https://www.newsbtc.com/information/bitcoin/ep01-dr-ruja-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

Ep. 02 – https://www.newsbtc.com/information/bitcoin/ep02-btc-killer-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

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


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