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 hit the accelerator. Beginning at this time, 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 pinnacle on this one, and there’s nothing left to do however put the pedal to the metallic and see the place the OneCoin story takes us.

On this episode, we be taught 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 elements of OneCoin’s entrepreneurial tradition as an alternative. We’re additionally in a position to put a quantity on how massive of a rip-off OneCoin actually was. SPOILER ALERT: It was not less than $4B massive.

Keep in mind, you possibly can obtain episodes directly from the BBC, or hearken to “The Lacking Cryptoqueen” by Apple, Spotify, or iVoox.

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

Essentially the most thrilling factor about “The Lacking Cryptoqueen” podcast is the sense of immediacy it conveys. It’s a residing and respiratory podcast. The story was taking place throughout Jamie Bartlett and the staff. The OneCoin individuals react to “The Lacking Cryptoqueen’s” creation and, by 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 or the OneCoin story.

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 remains to be “open for enterprise.” Persons are nonetheless shopping for OneCoin even supposing one among their leaders is on the run and the opposite was arrested.

That leads us to the cult-like elements of the operation. A faith-like perception justifies the disappearance of the leaders as a conspiracy to cease OneCoin. Within the quote beneath, 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. An skilled in that subject corroborates the speculation. Jamie Bartlett describes OneCoin as “much less a cryptocurrency and extra like a perception system.”

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

The Devastation That They Induced

At one level we, as soon as once more, hearken to Dr. Ruja’s personal voice saying the crypto-scammer’s slogan. “In two years nobody will speak about bitcoin.” When you ever hear that, run. In the second episode, we found out that OneCoin known as the critics “haters.” On this one, we be taught that the traders and staff are instructed to avoid them Scientology-style. One other shocking truth is that the second time period OneCoin makes use of essentially the most to explain its critics is “bitcoiner.” These pesky bitcoiners, at all times inflicting hassle.

We be taught in regards to the scale of the devastation that Dr. Ruja brought on by 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 be taught in regards to the scale of the rip-off by the use of a report/ database that producer Georgia Catt received her arms on. From everywhere in 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 stopped, the group was nonetheless earning money 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 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 fulfill members of the Sofia workers who’re necessary. In case you are out of favor, they gained’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 communicate 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 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 had been touching it. Dr. Ruja! Dr. Ruja! The largest insult 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. When you have a look at the highest leaders, the way in which they gown, the way in which 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 referred to 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 at all times be cautious of recent 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 anyplace 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
Authentic music and sound design: Phil Channell
Authentic 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