---
title: OneCoin and the $15 Billion Fraud
description: "We're all familiar with the old saying \"if it sounds too good to be true, it probably is.\" Yet all too often, when a \"too-good-to-be-true\" opportunity comes along, some of us can't resist the allure of a fast and easy profit. 

This video from ColdFusion tells the story of \"Cryptoqueen\" Ruja Ignatova, who lured in investors with promises of huge returns and financial security, bilking them out of $15 billion before vanishing. It's a great reminder that there's only one person who gets rich from get-rich-quick schemes: the person running them."
image: https://www.barryinvestmentadvisors.com/hubfs/OneCoin%20Issues.jpg
---

March 23, 2020

# OneCoin and the $15 Billion Fraud

We're all familiar with the old saying "if it sounds too good to be true, it probably is." Yet all...

![Barry Investment Advisors](https://www.barryinvestmentadvisors.com/hubfs/Toolbox%20Images/BIA_Logo_Horizontal_RGB.png)

Posted by [Barry Investment Advisors](https://www.barryinvestmentadvisors.com/blog/author/barry-investment-advisors)

![](https://www.barryinvestmentadvisors.com/hubfs/OneCoin%20Issues.jpg)

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We're all familiar with the old saying "if it sounds too good to be true, it probably is." Yet all too often, when a "too-good-to-be-true" opportunity comes along, some of us can't resist the allure of a fast and easy profit.

This video from ColdFusion tells the story of "Cryptoqueen" Ruja Ignatova, who lured in investors with promises of huge returns and financial security, bilking them out of $15 billion before vanishing. It's a great reminder that there's only one person who gets rich from get-rich-quick schemes: the person running them.

                                                          [![Click Here to Watch](https://no-cache.hubspot.com/cta/default/424177/29e4eb50-e75f-485e-b7c9-e6d794a3d7c4.png)](https://cta-redirect.hubspot.com/cta/redirect/424177/29e4eb50-e75f-485e-b7c9-e6d794a3d7c4)  

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