OneCoin is one of the biggest 'cryptocurrency' scams in the last few years.

​If you haven't heard about OneCoin and OneLife before you should consider yourself as a lucky person. This is a Ponzi-schemed MLM scam. The more people you invite, the more money your earn.
Read more about this scam.

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This scam was popular all over the world. They stole hundreds of millions of dollars.

It was an obvious scam for those who knew something from Blockchain technology or cryptocurrency but they had a lot of victims who never heard of these things before and just wanted to help their family with some investments.

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Indian police is looking for Ruja Ignatova and promoters of OneCoin.

According regional news source The Indian Express, the Economic Offenses Wing of the Navi Mumbai Police has put together a charge sheet – in which allegations are formally laid out – that includes dozens of promoters connected to OneCoin. Those involved are accused of taking thousands of dollars from investors.

Police have been cracking down on proponents of OneCoin for months, dating back to April, when police arrested a group of individuals following a promotional event. India is among a number of countries worldwide in which law enforcement agencies have pursued investigations against OneCoin.

Among those being charged is Ruja Ignatova, who founded OneCoin and has largely been viewed as the public face of the scheme, appearing at events worldwide, including an appearance in May at one in Macau. A group of "nearly 30" people have been charged as a result of the Mumbai police investigation.

The publication further added that, as it stands, investigators are having difficulty talking about the suspected fraud with some of those involved. The reason: fears of potential legal liability for taking part in what has been described as a Ponzi scheme.
Source - Coindesk.

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Don't be a victim. If something's too good to be true, it's not true!