OneCoin victim receives death threats for writing book exposing scheme

Between 2014, and 2016, crypto investors lost an estimated $4 billion in a fraudulent OneCoin Ponzi scheme, which was orchestrated by convicted fraudster Ruja Ignatova. 

To this day, the scheme is known as “one of the biggest scams in history.” Authorities exposed the scheme in 2017, leading to the arrest of several key individuals involved. Ignatova, however, who is known as ‘Cryptoqueen’ is still on the run. 

However, the OneCoin drama continues to this day. Notably, a woman who was a victim of the scam, Jennifer McAdam, said she is receiving death threats after writing a book dubbed “Devil’s Coin,” which outlines how she fought back against Ignatova, The Times reported on August 3.

McAdam cancels book signings due to security concerns

McAdam lost around £9,000 ($11,430)  to the scheme and persuaded family and friends to invest roughly £220,000 ($279,367) in OneCoin. 

McAdam was supposed to host a book signing event later this month in Irvine, Ayr, and Glasgow, but was forced to cancel the event due to anonymous death threats. 

We regret to announce that appearances and book signings by Jennifer McAdam to promote her book, Devil’s Coin, have had to be cancelled. After serious security concerns were raised, Jennifer was advised not to go ahead with the events next week.”

– Ad Lib, McAdam’s publisher wrote in a statement.

In particular, the 53-year-old Scottish resident reportedly “suffered a campaign of intimidation, including legal challenges, death threats, and vile online abuse” since taking on Ignatova.

Ignatova, a Bulgarian-born German citizen, disappeared in 2017 and is one of the FBI’s ten most wanted criminals. The Cryptoqueen went missing after bugging a flat belonging to her American boyfriend and learning that he was cooperating with the FBI on its investigation into the OneCoin scheme.