1 00:00:00,000 --> 00:00:03,040 Hi everyone, this is Deb from Dying to be Found. 2 00:00:03,040 --> 00:00:07,840 Before we get started, I just wanted to say that episodes contain disturbing discussions 3 00:00:07,840 --> 00:00:12,400 on harmful acts and crimes against animals and or humankind. 4 00:00:12,400 --> 00:00:17,640 Recordings are not intended for young or sensitive audiences due to the content nature of this 5 00:00:17,640 --> 00:00:18,640 podcast. 6 00:00:18,640 --> 00:00:23,880 Listener discretion is strongly advised. 7 00:00:23,880 --> 00:00:25,720 Hi everyone, I'm Deb. 8 00:00:25,720 --> 00:00:26,720 And I'm Shelby. 9 00:00:26,720 --> 00:00:31,520 And this is episode number 55 of Dying to be Found. 10 00:00:31,520 --> 00:00:35,040 If you are a new listener, thanks so much for tuning in. 11 00:00:35,040 --> 00:00:40,680 And if you're a loyal listener, as always, thank you so much for hanging in with us. 12 00:00:40,680 --> 00:00:45,200 Regardless of when you started listening, we really appreciate you being here, where 13 00:00:45,200 --> 00:00:48,620 I like to say DB2F is a family thing. 14 00:00:48,620 --> 00:00:51,260 So yep, I have Shelby here today. 15 00:00:51,260 --> 00:00:56,500 She is my daughter, and we're going to take on a special case that is open to interpretation. 16 00:00:56,500 --> 00:01:02,200 We don't always talk about those high profile cases, but we do always talk about true crime. 17 00:01:02,200 --> 00:01:06,500 So I hope you are liking this new format that we have out this season. 18 00:01:06,500 --> 00:01:10,640 If you have something you want to hear, take a look at our show notes for more information 19 00:01:10,640 --> 00:01:15,800 on how to contact us and consider buying us a coffee to help support the show. 20 00:01:15,800 --> 00:01:18,680 Because Shelby, you and I just had this conversation. 21 00:01:18,680 --> 00:01:19,920 We do love our coffee. 22 00:01:19,920 --> 00:01:20,920 We sure do. 23 00:01:20,920 --> 00:01:24,760 And it would be wonderful if I had my coffee for today. 24 00:01:24,760 --> 00:01:30,780 Yep, we're doing an early morning record and Shelby told me to give her 10 minutes because 25 00:01:30,780 --> 00:01:32,640 she was brewing some coffee. 26 00:01:32,640 --> 00:01:35,060 But yeah, how's that working out for you? 27 00:01:35,060 --> 00:01:36,060 Not well. 28 00:01:36,060 --> 00:01:43,120 We took a quick trip to the beach and the coffee maker's not working. 29 00:01:43,120 --> 00:01:44,880 So I shall have coffee soon. 30 00:01:44,880 --> 00:01:45,880 Good for you. 31 00:01:45,880 --> 00:01:50,760 I've, oh, I'm using, I don't know if you even noticed this, what cup I'm using this morning. 32 00:01:50,760 --> 00:01:52,320 Do you remember this one? 33 00:01:52,320 --> 00:01:55,400 Oh yes, I got that from the Christian bookstore. 34 00:01:55,400 --> 00:01:56,400 Yeah. 35 00:01:56,400 --> 00:01:58,400 Shelby got me this amazing cup. 36 00:01:58,400 --> 00:02:00,600 I love that cup. 37 00:02:00,600 --> 00:02:02,080 Yeah, I love it too. 38 00:02:02,080 --> 00:02:03,080 It's my favorite cup. 39 00:02:03,080 --> 00:02:04,840 And it's not just because you gave it to me. 40 00:02:04,840 --> 00:02:09,040 It's literally my favorite cup because it holds two Keurig cups. 41 00:02:09,040 --> 00:02:11,120 It's the only one in the house that does that. 42 00:02:11,120 --> 00:02:12,120 So really? 43 00:02:12,120 --> 00:02:13,120 Yeah. 44 00:02:13,120 --> 00:02:14,120 All right. 45 00:02:14,120 --> 00:02:21,000 I was thinking about you when I put the storyline together, Shelbs, because you work in finance 46 00:02:21,000 --> 00:02:24,460 and I think you have the mind of an investor. 47 00:02:24,460 --> 00:02:28,840 Anytime we have conversations on the stock market, you really, really know your stuff. 48 00:02:28,840 --> 00:02:33,120 So sometimes you give me advice on what I should be investing in. 49 00:02:33,120 --> 00:02:35,960 So I wanted to ask your thoughts on cryptocurrency. 50 00:02:35,960 --> 00:02:41,800 I honestly wish that I got into that a little early in the game. 51 00:02:41,800 --> 00:02:46,920 At this moment in time, it's not something that I would personally invest in. 52 00:02:46,920 --> 00:02:49,160 That's totally just me. 53 00:02:49,160 --> 00:02:53,840 But I had a Bitcoin, for example. 54 00:02:53,840 --> 00:02:56,360 I don't even know what they're up to at this time. 55 00:02:56,360 --> 00:03:03,000 I'm not a huge fan, but I'm not going to push it off, if that makes sense. 56 00:03:03,000 --> 00:03:07,960 Right now is just not the time for me that I would like to invest in it. 57 00:03:07,960 --> 00:03:08,960 Why not? 58 00:03:08,960 --> 00:03:13,500 Well, I do have the grayscale Bitcoin trust. 59 00:03:13,500 --> 00:03:22,120 So it's like a very minuscule version of Bitcoin and it's not doing so hot right now. 60 00:03:22,120 --> 00:03:23,120 Okay. 61 00:03:23,120 --> 00:03:29,240 Well, Bitcoin is doing pretty hot because do you have $23,052 laying around to buy a 62 00:03:29,240 --> 00:03:30,240 share? 63 00:03:30,240 --> 00:03:32,240 Absolutely not. 64 00:03:32,240 --> 00:03:33,400 Me neither. 65 00:03:33,400 --> 00:03:34,840 Have you heard of one coin? 66 00:03:34,840 --> 00:03:36,240 No, I have not. 67 00:03:36,240 --> 00:03:37,240 Okay. 68 00:03:37,240 --> 00:03:38,920 Well, that's what we're talking about today. 69 00:03:38,920 --> 00:03:43,960 And we're going to be talking about a story of a fugitive that authorities at this very 70 00:03:43,960 --> 00:03:48,880 moment, Shelby, are dying to find. 71 00:03:48,880 --> 00:03:56,200 This is a story of Ruzsa Plemenova Ignitova, a well-established law student who attended 72 00:03:56,200 --> 00:03:59,480 Oxford University on her way to success. 73 00:03:59,480 --> 00:04:05,660 However, she chose to initiate one of the largest Ponzi schemes involving cryptocurrency 74 00:04:05,660 --> 00:04:08,680 ever documented in the United States. 75 00:04:08,680 --> 00:04:11,760 Does Ignitova have a criminal mind? 76 00:04:11,760 --> 00:04:17,720 Yes, but not in the sense of what you're used to when listening to true crime podcasts like 77 00:04:17,720 --> 00:04:18,720 ours. 78 00:04:18,720 --> 00:04:26,760 And back in 2014, Shelby, Ignitova was accused of laundering 104 million US dollars. 79 00:04:26,760 --> 00:04:28,320 Your eyeballs are getting big. 80 00:04:28,320 --> 00:04:29,320 Yeah. 81 00:04:29,320 --> 00:04:30,320 Wow. 82 00:04:30,320 --> 00:04:31,320 Yep. 83 00:04:31,320 --> 00:04:37,920 104 million US dollars through a crypto Ponzi scheme using that company I had mentioned 84 00:04:37,920 --> 00:04:43,440 called OneCoin, which is supposedly similar to what we know as Bitcoin. 85 00:04:43,440 --> 00:04:45,600 You had just mentioned you hadn't heard of it. 86 00:04:45,600 --> 00:04:47,360 You know what a Ponzi scheme is, right? 87 00:04:47,360 --> 00:04:48,360 Yes. 88 00:04:48,360 --> 00:04:49,360 Yep. 89 00:04:49,360 --> 00:04:50,640 Do you want to tell our listeners or? 90 00:04:50,640 --> 00:04:52,960 That was the guy, wasn't it? 91 00:04:52,960 --> 00:04:54,040 It was. 92 00:04:54,040 --> 00:04:55,840 It was the guy. 93 00:04:55,840 --> 00:04:56,840 Do you want to? 94 00:04:56,840 --> 00:05:01,940 I had a little teachable moment to tell our listeners about the Ponzi scheme, but of course 95 00:05:01,940 --> 00:05:05,800 I'll have one at the end here because it's all about educating people. 96 00:05:05,800 --> 00:05:12,680 And this one I think is really important because I just did a financial literacy workshop recently, 97 00:05:12,680 --> 00:05:16,400 and this is something that's not always taught at home. 98 00:05:16,400 --> 00:05:19,600 Did you want to tell people what a Ponzi scheme is? 99 00:05:19,600 --> 00:05:23,240 I can give the history of it, but do you want to just give a little bit of feedback on what 100 00:05:23,240 --> 00:05:24,240 it is? 101 00:05:24,240 --> 00:05:29,960 Paying investors with money that comes from new investors and investment. 102 00:05:29,960 --> 00:05:30,960 Exactly. 103 00:05:30,960 --> 00:05:36,680 So basically they are paying others on borrowed money that doesn't really 100% exist. 104 00:05:36,680 --> 00:05:40,360 Well, I wanted to give you the history of the Ponzi scheme. 105 00:05:40,360 --> 00:05:42,560 So yeah, we're going to talk about that guy. 106 00:05:42,560 --> 00:05:44,280 It was Charles Ponzi. 107 00:05:44,280 --> 00:05:50,080 Charles Ponzi is given credit for creating a major scheme back in 1920. 108 00:05:50,080 --> 00:05:56,440 And this scheme was so large that Charles Dickens even wrote two novels about it. 109 00:05:56,440 --> 00:05:57,600 I did not know that. 110 00:05:57,600 --> 00:05:58,600 That's cool. 111 00:05:58,600 --> 00:05:59,600 Wow. 112 00:05:59,600 --> 00:06:00,600 No, I didn't know that either. 113 00:06:00,600 --> 00:06:05,360 So Charles Dickens targeted the United States Postal Service or USPS. 114 00:06:05,360 --> 00:06:12,040 And during that era, the USPS allowed people like you and me to pre-purchase postage coupons 115 00:06:12,040 --> 00:06:15,600 and send it to whomever we wanted to in the mail. 116 00:06:15,600 --> 00:06:20,200 Let's say I'm going to pre-purchase some postage coupons for you, Shelby. 117 00:06:20,200 --> 00:06:22,020 I'm going to mail those to you. 118 00:06:22,020 --> 00:06:25,880 And when you receive them, you're going to take them to the post office and exchange 119 00:06:25,880 --> 00:06:28,360 these coupons for postage stamps. 120 00:06:28,360 --> 00:06:29,360 Sounds reasonable, right? 121 00:06:29,360 --> 00:06:30,360 Yes. 122 00:06:30,360 --> 00:06:38,080 Well, old Ponzi got a little greedy and began promising a 50% return on these coupon investments 123 00:06:38,080 --> 00:06:39,720 to people like you and me. 124 00:06:39,720 --> 00:06:44,600 Or he really said that you could make a 100% return in 90 days. 125 00:06:44,600 --> 00:06:45,600 Wow. 126 00:06:45,600 --> 00:06:46,600 I know, right? 127 00:06:46,600 --> 00:06:47,840 I mean, that sounds amazing. 128 00:06:47,840 --> 00:06:50,080 Of course, people are thinking cha-ching. 129 00:06:50,080 --> 00:06:51,080 Exactly. 130 00:06:51,080 --> 00:06:52,080 Mm-hmm. 131 00:06:52,080 --> 00:06:54,140 Of course, it's really enticing. 132 00:06:54,140 --> 00:07:00,880 But instead of taking his investors' funds and investing those in the USPS prepaid coupons, 133 00:07:00,880 --> 00:07:08,100 Charles Ponzi took that money, got new investors to jump on board, and paid his original investors 134 00:07:08,100 --> 00:07:13,160 with that money, with that new money, with the money that didn't exist, borrowed money, 135 00:07:13,160 --> 00:07:14,480 however you want to say it. 136 00:07:14,480 --> 00:07:19,200 Ironically, Shelby, I don't know if you even knew this, the name of Ponzi's company that 137 00:07:19,200 --> 00:07:24,120 he had for this scheme was called the Securities Exchange Company. 138 00:07:24,120 --> 00:07:25,120 Are you familiar? 139 00:07:25,120 --> 00:07:26,560 AKA the SEC. 140 00:07:26,560 --> 00:07:27,560 Yeah. 141 00:07:27,560 --> 00:07:30,360 That came later because of this incident here. 142 00:07:30,360 --> 00:07:31,360 Absolutely. 143 00:07:31,360 --> 00:07:38,240 The Securities Exchange Act of 1934 was established to oversee securities transactions similar 144 00:07:38,240 --> 00:07:46,260 to what occurred back in the 1920 Ponzi schemes, which guaranteed a more accurate and transparent 145 00:07:46,260 --> 00:07:48,760 accounting of public investments. 146 00:07:48,760 --> 00:07:53,680 Shelves, I'm going to say this is pretty much what you do every day when you manage accounts. 147 00:07:53,680 --> 00:08:01,200 Yes, there are some advisors that we do help in regards to compliance for the SEC. 148 00:08:01,200 --> 00:08:03,680 Some of our advisors are not. 149 00:08:03,680 --> 00:08:08,240 It's interesting because I just learned this maybe a year or two ago, where some of our 150 00:08:08,240 --> 00:08:14,760 advisors are not large enough to actually have to register with the SEC directly. 151 00:08:14,760 --> 00:08:17,560 So they're just registering by the state. 152 00:08:17,560 --> 00:08:23,600 But yes, in regards to those compliance laws, we do help a lot of our advisors with certain 153 00:08:23,600 --> 00:08:28,640 things that do pertain to making sure the advisor is doing everything that they're supposed 154 00:08:28,640 --> 00:08:35,580 to and they're really starting to crack down just on simple things like rolling over accounts 155 00:08:35,580 --> 00:08:36,880 and whatnot. 156 00:08:36,880 --> 00:08:40,280 That's a new law that actually just came into play last year. 157 00:08:40,280 --> 00:08:43,600 Yeah, it's interesting for sure. 158 00:08:43,600 --> 00:08:49,060 I remember when you got your degree and I don't even know if you remember what I said 159 00:08:49,060 --> 00:08:50,060 to you. 160 00:08:50,060 --> 00:08:55,800 You said that you had to be really, really careful because you will be working with money 161 00:08:55,800 --> 00:08:59,520 and when people work with money, they get greedy. 162 00:08:59,520 --> 00:09:01,720 I do remember saying that. 163 00:09:01,720 --> 00:09:04,000 Yeah, I remember you saying that. 164 00:09:04,000 --> 00:09:05,000 Absolutely. 165 00:09:05,000 --> 00:09:11,000 So there's a lot of accountability because people, I mean, it's human nature, I suppose, 166 00:09:11,000 --> 00:09:16,140 but you can honestly get yourself in a lot of trouble, especially if you have a big responsibility 167 00:09:16,140 --> 00:09:18,480 with those accounts. 168 00:09:18,480 --> 00:09:21,040 So I wanted to talk about cryptocurrency. 169 00:09:21,040 --> 00:09:28,200 Of course, we have this new form of what we will say is currency that's 100% digitally 170 00:09:28,200 --> 00:09:33,180 managed and Shelby, I listened to a really good podcast and I don't remember what it 171 00:09:33,180 --> 00:09:36,200 was, but it was talking about the dark web. 172 00:09:36,200 --> 00:09:42,120 This was several months ago, but they actually had an episode on Bitcoin and how it's used. 173 00:09:42,120 --> 00:09:48,920 So to me, it's a little complicated, I don't fully trust it and I don't know why. 174 00:09:48,920 --> 00:09:52,800 I mean, I just looked it up to see how much Bitcoin is worth. 175 00:09:52,800 --> 00:09:55,480 Obviously, $23,000 per share. 176 00:09:55,480 --> 00:09:57,200 Yeah, that's crazy. 177 00:09:57,200 --> 00:10:01,760 Me personally, I don't know enough about it, so I'm not going to say that it's sketchy 178 00:10:01,760 --> 00:10:09,480 or anything like that, but I'm hesitant to ever invest in Bitcoin. 179 00:10:09,480 --> 00:10:10,480 What is his name? 180 00:10:10,480 --> 00:10:11,480 Mark? 181 00:10:11,480 --> 00:10:12,480 He owns Mavericks? 182 00:10:12,480 --> 00:10:13,480 Yeah, the Mavericks. 183 00:10:13,480 --> 00:10:16,480 You mean from Shark Tank? 184 00:10:16,480 --> 00:10:19,040 Yes, he is like the last I remember. 185 00:10:19,040 --> 00:10:23,040 He is huge into Bitcoin or was it's Mark Cuban. 186 00:10:23,040 --> 00:10:24,040 Mark Cuban. 187 00:10:24,040 --> 00:10:25,040 Yeah. 188 00:10:25,040 --> 00:10:26,040 Okay. 189 00:10:26,040 --> 00:10:27,040 That's cool. 190 00:10:27,040 --> 00:10:30,960 Well, you know, I mean, he's a savvy guy, so he's going to know more than me on this 191 00:10:30,960 --> 00:10:31,960 topic. 192 00:10:31,960 --> 00:10:32,960 Yeah. 193 00:10:32,960 --> 00:10:33,960 Oh, right. 194 00:10:33,960 --> 00:10:36,120 I'm going to piece for it. 195 00:10:36,120 --> 00:10:39,120 Maybe we should rethink our stance on this. 196 00:10:39,120 --> 00:10:40,120 Maybe. 197 00:10:40,120 --> 00:10:41,120 Yeah. 198 00:10:41,120 --> 00:10:42,720 He also has financial advisors. 199 00:10:42,720 --> 00:10:46,200 I'm sure he pays to monitor all that. 200 00:10:46,200 --> 00:10:48,960 Yeah, very true. 201 00:10:48,960 --> 00:10:54,720 According to Investopedia, cryptocurrency is a digital currency that holds a high level 202 00:10:54,720 --> 00:11:00,640 of encryptions that makes it virtually impossible to counterfeit or double spend. 203 00:11:00,640 --> 00:11:02,120 I didn't know that. 204 00:11:02,120 --> 00:11:03,120 Yeah. 205 00:11:03,120 --> 00:11:08,880 Because it operates under a digital system, cryptocurrency requires the use of many, many 206 00:11:08,880 --> 00:11:14,720 computers that are linked to a peer to peer network, creating a blockchain of information 207 00:11:14,720 --> 00:11:21,520 where the computer records accurate transactions documented by timestamps in transactional 208 00:11:21,520 --> 00:11:22,760 movement. 209 00:11:22,760 --> 00:11:26,800 So I want you to think of a grid, Shelby, which is kind of sectioned off. 210 00:11:26,800 --> 00:11:31,120 I mean, I know that you can see all those little numbers, all those green numbers going 211 00:11:31,120 --> 00:11:35,960 through your mind right now, but block those off in a grid, kind of like what we're looking 212 00:11:35,960 --> 00:11:38,760 at each other on our platform today. 213 00:11:38,760 --> 00:11:41,620 So let's multiply that by hundreds of thousands. 214 00:11:41,620 --> 00:11:47,200 So you've got a grid and everything is sectioned off into blocks, just like you would see on 215 00:11:47,200 --> 00:11:50,960 a map that I know that you're going to read one day. 216 00:11:50,960 --> 00:11:56,360 And cryptocurrency would be easy to read and analyze because you can go specifically to 217 00:11:56,360 --> 00:11:59,980 a certain block if you want to identify something. 218 00:11:59,980 --> 00:12:02,320 And that's what block chaining is all about. 219 00:12:02,320 --> 00:12:08,360 It would require a ton of computer generated space, kind of like the old days when computers 220 00:12:08,360 --> 00:12:09,620 were huge. 221 00:12:09,620 --> 00:12:15,960 They had big rooms of all these computers that were probably put on different shelves. 222 00:12:15,960 --> 00:12:18,280 So computer after computer after computer. 223 00:12:18,280 --> 00:12:24,800 And Shelby, the podcast that I listened to specifically said that people who manage cryptocurrency 224 00:12:24,800 --> 00:12:31,400 have big warehouses of nothing but computers upon computers upon computers that have to 225 00:12:31,400 --> 00:12:33,880 be managed, monitored. 226 00:12:33,880 --> 00:12:35,640 It's really, really a big thing. 227 00:12:35,640 --> 00:12:40,640 I mean, that makes sense as to why it's so expensive because I mean, it probably costs 228 00:12:40,640 --> 00:12:43,280 thousands of dollars to keep the... 229 00:12:43,280 --> 00:12:45,280 What's the word I'm looking for? 230 00:12:45,280 --> 00:12:51,000 Like to upkeep the computer systems, to pay the people that are watching, operating. 231 00:12:51,000 --> 00:12:52,360 Yeah, exactly. 232 00:12:52,360 --> 00:12:54,960 That makes sense as to why they're so dang expensive. 233 00:12:54,960 --> 00:12:55,960 Absolutely. 234 00:12:55,960 --> 00:13:03,000 Well, we're going to go into the crypto queen here who is named Ruzsa Ignitova. 235 00:13:03,000 --> 00:13:06,160 She was born on May 30th, 1980. 236 00:13:06,160 --> 00:13:07,760 That's a great day, isn't it? 237 00:13:07,760 --> 00:13:08,760 It is. 238 00:13:08,760 --> 00:13:09,760 That's your birthday. 239 00:13:09,760 --> 00:13:11,840 It is my birthday. 240 00:13:11,840 --> 00:13:17,760 She was born to an engineer and a teacher in Ruz, Bulgaria and moved to Germany when 241 00:13:17,760 --> 00:13:19,420 she was 10 years old. 242 00:13:19,420 --> 00:13:25,280 Growing up, Ignitova always dreamed of being rich and was always reading books on how to 243 00:13:25,280 --> 00:13:26,280 make money. 244 00:13:26,280 --> 00:13:27,280 Not a bad thing. 245 00:13:27,280 --> 00:13:28,960 I mean, what was that book I gave you? 246 00:13:28,960 --> 00:13:30,560 It was Rich Dad, Poor Dad? 247 00:13:30,560 --> 00:13:31,560 Yes. 248 00:13:31,560 --> 00:13:33,520 I was just thinking of that book too. 249 00:13:33,520 --> 00:13:34,520 Yeah. 250 00:13:34,520 --> 00:13:38,440 Always good to kind of get ahead because nobody wants to struggle financially for their entire 251 00:13:38,440 --> 00:13:39,440 life. 252 00:13:39,440 --> 00:13:40,440 Absolutely. 253 00:13:40,440 --> 00:13:41,440 No, definitely not. 254 00:13:41,440 --> 00:13:48,080 Ignitova studied European law at Oxford University and was fluent in four languages, including 255 00:13:48,080 --> 00:13:51,740 Russian, German, English and Bulgarian. 256 00:13:51,740 --> 00:13:58,000 She is considered someone with high intelligence and was so good at public speaking that she 257 00:13:58,000 --> 00:14:01,280 often attended conferences to speak to investors. 258 00:14:01,280 --> 00:14:08,080 In 2014, at one of these conferences, she began convincing conference goers to invest 259 00:14:08,080 --> 00:14:10,440 in her company called OneCoin. 260 00:14:10,440 --> 00:14:13,420 This would be in competition with Bitcoin. 261 00:14:13,420 --> 00:14:20,280 Back in 2014, Ignitova and her business partner, Carl Sebastian Greenwood founded the company 262 00:14:20,280 --> 00:14:21,880 called OneCoin. 263 00:14:21,880 --> 00:14:28,640 But the difference between that and Bitcoin, Shelby, is that OneCoin was never mined through 264 00:14:28,640 --> 00:14:34,480 those computers like Bitcoin is and there's no public information given to investors on 265 00:14:34,480 --> 00:14:37,640 how this cryptocurrency would be managed. 266 00:14:37,640 --> 00:14:39,280 So she talked the talk. 267 00:14:39,280 --> 00:14:45,920 She had really good words, very convincing, but didn't have any portfolios to back it 268 00:14:45,920 --> 00:14:46,920 up. 269 00:14:46,920 --> 00:14:47,920 Wow. 270 00:14:47,920 --> 00:14:49,920 That would be a red flag immediately. 271 00:14:49,920 --> 00:14:50,920 Mm hmm. 272 00:14:50,920 --> 00:14:57,940 Ignitova and her partner simply told investors that OneCoin would kill Bitcoin. 273 00:14:57,940 --> 00:15:00,120 And this is why you should invest. 274 00:15:00,120 --> 00:15:06,480 She professed herself in 2014 to be crypto queen and promised investors a large return 275 00:15:06,480 --> 00:15:08,520 with little to no risk. 276 00:15:08,520 --> 00:15:17,600 Now Ignitova and her partner convinced around 1 million investors from 175 countries to 277 00:15:17,600 --> 00:15:22,520 spend all of their time and energy looking for people like you and me to invest. 278 00:15:22,520 --> 00:15:23,520 Wow. 279 00:15:23,520 --> 00:15:25,640 So like a pyramid scheme, right? 280 00:15:25,640 --> 00:15:26,640 Right. 281 00:15:26,640 --> 00:15:27,640 Mm hmm. 282 00:15:27,640 --> 00:15:34,280 So in 2016, Ignitova and Greenwood would go on to create what we know is that Ponzi scheme 283 00:15:34,280 --> 00:15:36,400 targeting Bitcoin. 284 00:15:36,400 --> 00:15:43,960 Besides this Ponzi scheme, Ignitova marketed OneCoin heavily and convinced investors unfamiliar 285 00:15:43,960 --> 00:15:46,880 with cryptocurrency to buy into OneCoin. 286 00:15:46,880 --> 00:15:50,080 She would be targeting people like you and me, Shelby, because we don't really know much 287 00:15:50,080 --> 00:15:51,080 about it. 288 00:15:51,080 --> 00:15:52,080 Right. 289 00:15:52,080 --> 00:15:53,080 Wow. 290 00:15:53,080 --> 00:15:57,960 She said that she would have them sell investment packages to their friends and family. 291 00:15:57,960 --> 00:16:03,600 Basically she targeted investors unfamiliar with Bitcoin, which is really easy to do. 292 00:16:03,600 --> 00:16:08,360 It's relatively still, even though it's making a ton of money on the stock market, Shelby, 293 00:16:08,360 --> 00:16:12,920 it's still a new concept and there's just not enough information or relevance right 294 00:16:12,920 --> 00:16:14,680 now in the financial world. 295 00:16:14,680 --> 00:16:20,040 You can correct me if I'm wrong, but do you manage crypto coin through your accounts? 296 00:16:20,040 --> 00:16:21,040 Bitcoin? 297 00:16:21,040 --> 00:16:22,040 Yeah. 298 00:16:22,040 --> 00:16:24,560 Do you manage Bitcoin or cryptocurrency? 299 00:16:24,560 --> 00:16:26,600 I do not. 300 00:16:26,600 --> 00:16:33,880 The platforms that I work with do not allow for the buying and selling of cryptocurrencies. 301 00:16:33,880 --> 00:16:37,440 So I'd be interested to come across an advisor that might. 302 00:16:37,440 --> 00:16:39,400 All right. 303 00:16:39,400 --> 00:16:42,920 So obviously we have a lot going on here. 304 00:16:42,920 --> 00:16:48,280 Ignitova is getting her investors to get other people to invest, creating that pyramid. 305 00:16:48,280 --> 00:16:53,560 And she's paying her older investors with the new investors money in the whole scheme 306 00:16:53,560 --> 00:16:54,560 of things. 307 00:16:54,560 --> 00:16:55,560 No pun intended. 308 00:16:55,560 --> 00:17:00,120 Ignitova was a really good salesperson and knew how to be convincing. 309 00:17:00,120 --> 00:17:07,120 Ignitova made claims that one coin was backed by a reputable blockchain company, which according 310 00:17:07,120 --> 00:17:13,980 to US news provides security and transparency in the cryptocurrency market. 311 00:17:13,980 --> 00:17:21,320 So she's saying that her company is being backed by a reputable company because that 312 00:17:21,320 --> 00:17:25,800 blockchain, I mean, somebody's got to manage the blockchain, right? 313 00:17:25,800 --> 00:17:32,120 She simply made up a price for her one coin investors, which was never regulated. 314 00:17:32,120 --> 00:17:37,120 She never publicly registered or traded one coin on the stock exchange. 315 00:17:37,120 --> 00:17:38,120 You've never heard of it. 316 00:17:38,120 --> 00:17:39,560 I've never heard of it. 317 00:17:39,560 --> 00:17:44,680 Obviously she successfully marketed one coin on a fabricated platform. 318 00:17:44,680 --> 00:17:53,280 She successfully sold her ideas to the public and get this Shelby, she made off with $4 319 00:17:53,280 --> 00:17:57,720 billion of investors money from around the world. 320 00:17:57,720 --> 00:17:58,720 What do you think of that? 321 00:17:58,720 --> 00:17:59,720 Wow. 322 00:17:59,720 --> 00:18:00,720 That's crazy. 323 00:18:00,720 --> 00:18:01,720 It is. 324 00:18:01,720 --> 00:18:02,720 Yeah. 325 00:18:02,720 --> 00:18:09,720 Well, obviously when we have a good thing going for us, you know, it's going to come 326 00:18:09,720 --> 00:18:11,600 to an end at some point in time. 327 00:18:11,600 --> 00:18:12,600 It's got to, right? 328 00:18:12,600 --> 00:18:13,600 That's right. 329 00:18:13,600 --> 00:18:14,600 What is that? 330 00:18:14,600 --> 00:18:15,600 Murphy's law? 331 00:18:15,600 --> 00:18:16,600 Yeah. 332 00:18:16,600 --> 00:18:18,400 Anything that can go wrong will go wrong. 333 00:18:18,400 --> 00:18:19,400 Yes. 334 00:18:19,400 --> 00:18:23,840 And things started to go wrong by 2016. 335 00:18:23,840 --> 00:18:29,200 One coin began losing traction with investors as they began finding it difficult to sell 336 00:18:29,200 --> 00:18:33,200 off one coin or even recoup their money on their investments. 337 00:18:33,200 --> 00:18:39,160 So this would be around the time that I think that investors are starting to say, wait a 338 00:18:39,160 --> 00:18:41,020 minute, something's fishy here. 339 00:18:41,020 --> 00:18:45,860 In the marketing world, this represents a decline in a product's life cycle. 340 00:18:45,860 --> 00:18:51,000 You always have to be looking at that product to find new ways to keep it alive. 341 00:18:51,000 --> 00:18:53,360 Otherwise it's just going to go downhill. 342 00:18:53,360 --> 00:18:58,840 Investors did start getting antsy and yeah, they began figuring out that, wait a minute, 343 00:18:58,840 --> 00:19:01,680 I think I'm being scammed here. 344 00:19:01,680 --> 00:19:08,840 Also Shelby, by this time in 2016, news media outlets began investigating one coin and this 345 00:19:08,840 --> 00:19:11,560 is the beginning of the end for Ruzsa Ignitova. 346 00:19:11,560 --> 00:19:12,560 Wow. 347 00:19:12,560 --> 00:19:13,560 She had a good run. 348 00:19:13,560 --> 00:19:14,560 Yeah. 349 00:19:14,560 --> 00:19:17,940 She did have a good run because she started all this back in 2014. 350 00:19:17,940 --> 00:19:21,560 So even for two years, I mean, she made off with four billion. 351 00:19:21,560 --> 00:19:22,560 Yeah. 352 00:19:22,560 --> 00:19:23,560 Four billion dollars. 353 00:19:23,560 --> 00:19:25,360 That's a ton of money. 354 00:19:25,360 --> 00:19:27,160 It is in just two years. 355 00:19:27,160 --> 00:19:30,720 I have to say, yeah, she targeted the right people for this. 356 00:19:30,720 --> 00:19:31,720 She sure did. 357 00:19:31,720 --> 00:19:37,560 I mean, she was going to all these conferences and you've got large audiences when there 358 00:19:37,560 --> 00:19:39,240 are those big conferences. 359 00:19:39,240 --> 00:19:47,840 Well, on March 15, 2017, several federal agencies met to discuss one coin and its owners, which 360 00:19:47,840 --> 00:19:52,000 would be Ruzsa Ignitova and Carl Greenwood. 361 00:19:52,000 --> 00:19:58,040 These agencies included the New York District Attorney, the US Department of Justice, the 362 00:19:58,040 --> 00:20:05,360 FBI, and representatives from the UK, Germany, Netherlands, Dubai, and Bulgaria. 363 00:20:05,360 --> 00:20:11,600 So obviously Shelby, by March of 2017, things are getting really serious here. 364 00:20:11,600 --> 00:20:12,600 Absolutely. 365 00:20:12,600 --> 00:20:16,000 That's, I mean, a ton of different federal agencies. 366 00:20:16,000 --> 00:20:19,720 So to have that number, definitely pretty serious. 367 00:20:19,720 --> 00:20:29,040 Ignitova was formally charged in absentia in America, at least in 2019 for wire and 368 00:20:29,040 --> 00:20:32,920 securities fraud, plus conspiracy to commit money laundering. 369 00:20:32,920 --> 00:20:39,840 The FBI announced a 100,000 reward for any information to Ignitova's arrest. 370 00:20:39,840 --> 00:20:46,780 Ultimately, Shelby, this self-professed crypto queen, Ruzsa Ignitova, certainly reached celebrity 371 00:20:46,780 --> 00:20:52,400 status when she was placed on the FBI's most wanted list in 2017. 372 00:20:52,400 --> 00:20:56,920 She is only the 11th woman to be placed on this list. 373 00:20:56,920 --> 00:20:57,920 Can you believe that? 374 00:20:57,920 --> 00:20:59,880 Wow, that's crazy. 375 00:20:59,880 --> 00:21:02,400 I can't believe that I haven't heard of this. 376 00:21:02,400 --> 00:21:05,560 I mean, this was what, six years ago? 377 00:21:05,560 --> 00:21:08,520 So and to this day, she's on the run. 378 00:21:08,520 --> 00:21:15,440 According to CNN, by October 2017, Ignitova was charged in the United States with one 379 00:21:15,440 --> 00:21:18,560 count each of wire fraud. 380 00:21:18,560 --> 00:21:25,680 Word is that Ignitova was tipped off that the feds were closing in and she set a plant 381 00:21:25,680 --> 00:21:28,560 in motion to flee the country. 382 00:21:28,560 --> 00:21:30,600 Wow, that's crazy. 383 00:21:30,600 --> 00:21:38,640 On October 25th, 2017, Ignitova was last seen boarding a plane from Bulgaria to Greece, 384 00:21:38,640 --> 00:21:44,620 leaving behind her business partner, Carl Green, and her brother, Konstantin, who eventually 385 00:21:44,620 --> 00:21:51,640 Shelby took the fall for the whole one coin, everything. 386 00:21:51,640 --> 00:22:00,840 And no worries because she had stashed approximately $500 million in her suitcase for her trip. 387 00:22:00,840 --> 00:22:01,840 Wow. 388 00:22:01,840 --> 00:22:02,840 I know. 389 00:22:02,840 --> 00:22:05,240 Plus the $4 billion in cryptocurrency? 390 00:22:05,240 --> 00:22:12,640 No, I'm thinking that she had to leave that behind, but she was able to carry $500 million 391 00:22:12,640 --> 00:22:13,880 in cash with her. 392 00:22:13,880 --> 00:22:19,280 There'll be their timestamps and just all sorts of thumb prints on cryptocurrency. 393 00:22:19,280 --> 00:22:24,120 There's no way she would be able to make any transactions in her name and not get caught. 394 00:22:24,120 --> 00:22:25,120 Huh. 395 00:22:25,120 --> 00:22:29,880 Well, that just seems like a waste of a few years for her then. 396 00:22:29,880 --> 00:22:31,920 Yes. 397 00:22:31,920 --> 00:22:39,360 Well in July 2018, Carl Greenwood was arrested in his home in Thailand and was extradited 398 00:22:39,360 --> 00:22:44,800 to the United States where he pleaded guilty in connection to commit wire fraud and conspiracy 399 00:22:44,800 --> 00:22:46,120 to launder money. 400 00:22:46,120 --> 00:22:50,760 So he was ultimately taken down for this whole thing. 401 00:22:50,760 --> 00:22:56,080 But let me just mention a little bit about Ruzsa's brother, Konstantin. 402 00:22:56,080 --> 00:23:02,960 When Ruzsa disappeared in 2017, Konstantin took over OneCoin Affairs. 403 00:23:02,960 --> 00:23:05,080 She basically said, Hey, I'm leaving. 404 00:23:05,080 --> 00:23:06,200 You take care of things. 405 00:23:06,200 --> 00:23:07,760 I'll catch up with you later. 406 00:23:07,760 --> 00:23:14,580 In March of 2019, Konstantin was arrested at the Los Angeles International Airport as 407 00:23:14,580 --> 00:23:20,040 he was boarding a flight to Bulgaria after a business trip to the United States. 408 00:23:20,040 --> 00:23:21,520 Talk about embarrassing, eh? 409 00:23:21,520 --> 00:23:23,980 Yeah, for sure. 410 00:23:23,980 --> 00:23:30,100 He pleaded guilty to multiple felonies, including conspiracy to commit wire fraud, money laundering 411 00:23:30,100 --> 00:23:35,160 and fraud and is currently free on bond while awaiting his sentences. 412 00:23:35,160 --> 00:23:40,840 By the time this airs, he may have gone to trial, but as of the day we're recording here, 413 00:23:40,840 --> 00:23:43,800 there's no news on what direction that's taking yet. 414 00:23:43,800 --> 00:23:50,760 Konstantin states that his sister communicated an exit strategy to him all the way back to 415 00:23:50,760 --> 00:23:53,640 2014 when they first started OneCoin. 416 00:23:53,640 --> 00:23:54,640 Wow. 417 00:23:54,640 --> 00:24:00,880 So she had a plan from the very beginning and Konstantin was instructed to take the 418 00:24:00,880 --> 00:24:04,600 money and run and blame someone else on the way out. 419 00:24:04,600 --> 00:24:05,600 How about that? 420 00:24:05,600 --> 00:24:06,600 Wow. 421 00:24:06,600 --> 00:24:13,920 If she had a plan to an exit plan from the very beginning, that just goes to show, you 422 00:24:13,920 --> 00:24:16,160 know, she knew what she was doing. 423 00:24:16,160 --> 00:24:18,280 She knew what she was doing was wrong. 424 00:24:18,280 --> 00:24:22,760 Why would you create an exit plan for something you're so sure of working out in the beginning? 425 00:24:22,760 --> 00:24:25,200 You know, that just doesn't make any sense to me. 426 00:24:25,200 --> 00:24:26,200 Absolutely. 427 00:24:26,200 --> 00:24:30,400 You know, she was of high intelligence and normally crooks are for the most part. 428 00:24:30,400 --> 00:24:32,240 No, crooks are stupid. 429 00:24:32,240 --> 00:24:37,640 People to this capacity, people at this level definitely have high, high intelligence. 430 00:24:37,640 --> 00:24:38,640 Absolutely. 431 00:24:38,640 --> 00:24:42,760 So let's give a little bit of information on Ruzsa. 432 00:24:42,760 --> 00:24:48,040 Ignitova, just in case any of our listeners run into someone who fits her description. 433 00:24:48,040 --> 00:24:49,800 Shelby, she's gorgeous. 434 00:24:49,800 --> 00:24:50,880 She's just gorgeous. 435 00:24:50,880 --> 00:24:55,440 When last seen in 2017, she had brown hair and brown eyes. 436 00:24:55,440 --> 00:24:58,200 I mean, obviously she could dye her hair. 437 00:24:58,200 --> 00:24:59,680 She could put contacts in. 438 00:24:59,680 --> 00:25:05,420 Court records reflect that she is accustomed to living a life of luxury and made major 439 00:25:05,420 --> 00:25:13,560 investments in real estate in Belgrade, Serbia, horse racing in Abu Dhabi and an oil field 440 00:25:13,560 --> 00:25:15,120 in Madagascar. 441 00:25:15,120 --> 00:25:16,800 So she's still active. 442 00:25:16,800 --> 00:25:18,920 I don't know how she's getting around that. 443 00:25:18,920 --> 00:25:22,720 She may be under obviously an assumed name, right? 444 00:25:22,720 --> 00:25:23,720 Right. 445 00:25:23,720 --> 00:25:30,920 Ignitova is believed to be traveling with armed guards and as of July 4th, 2022, it's 446 00:25:30,920 --> 00:25:36,080 believed that she may have had cosmetic surgery to alter her appearance. 447 00:25:36,080 --> 00:25:37,080 Wow. 448 00:25:37,080 --> 00:25:44,280 She speaks German, English and Bulgarian and has ties to Bulgaria, Germany, Russia, Greece 449 00:25:44,280 --> 00:25:47,480 and the United Arab Emirates. 450 00:25:47,480 --> 00:25:53,720 If she is ever caught, Ignitova faces up to 80 years in prison if convicted. 451 00:25:53,720 --> 00:25:54,720 So what do you think so far? 452 00:25:54,720 --> 00:25:56,480 Is this nuts or what? 453 00:25:56,480 --> 00:25:58,400 I have no idea. 454 00:25:58,400 --> 00:26:06,000 As of January 29th, 2023, I'm about to throw a real twist into this case because Ignitova 455 00:26:06,000 --> 00:26:08,320 went off the grid for what did we say? 456 00:26:08,320 --> 00:26:09,320 Six years? 457 00:26:09,320 --> 00:26:10,320 Mm-hmm. 458 00:26:10,320 --> 00:26:11,320 Okay. 459 00:26:11,320 --> 00:26:18,040 I found an article in Business Insider that was dated January 29th, 2023, so it's not 460 00:26:18,040 --> 00:26:20,020 even that long ago. 461 00:26:20,020 --> 00:26:28,200 It is said that Ignitova has a property listing in the UK and it's pretty solid that this 462 00:26:28,200 --> 00:26:31,360 property is linked to Ruzsa. 463 00:26:31,360 --> 00:26:34,200 So there is a little bit of movement out there, Shelby. 464 00:26:34,200 --> 00:26:36,640 I just think that she made a mistake. 465 00:26:36,640 --> 00:26:38,520 You can't stay gone long, right? 466 00:26:38,520 --> 00:26:40,160 You can't stay gone forever. 467 00:26:40,160 --> 00:26:41,160 Right. 468 00:26:41,160 --> 00:26:47,680 According to a lead taken from this investigation, Ignitova had purchased a penthouse in London, 469 00:26:47,680 --> 00:26:52,720 England on November 4th, 2021 under some business name. 470 00:26:52,720 --> 00:26:58,640 The thing about that, Shelbs, is that there are new transparency laws put into effect 471 00:26:58,640 --> 00:27:01,800 as of 2023 and you're nodding your head. 472 00:27:01,800 --> 00:27:04,400 Is this what you were talking about earlier with transparency? 473 00:27:04,400 --> 00:27:12,040 No, a part of it, but I'm seeing a huge change with these different financial platforms where 474 00:27:12,040 --> 00:27:19,440 my company used to be able to be the name on the account that our advisors are registering 475 00:27:19,440 --> 00:27:25,800 with us, are registering us for, but that is no longer allowed. 476 00:27:25,800 --> 00:27:28,300 They need a singular person. 477 00:27:28,300 --> 00:27:31,800 They typically need our social security number. 478 00:27:31,800 --> 00:27:32,800 It's crazy. 479 00:27:32,800 --> 00:27:33,800 Yeah. 480 00:27:33,800 --> 00:27:35,440 They attach the same thing. 481 00:27:35,440 --> 00:27:42,260 And back in 2021, Ruzsa, she was forced to be named as the company's beneficiary. 482 00:27:42,260 --> 00:27:44,040 She had to put her name on there. 483 00:27:44,040 --> 00:27:50,880 I guess my question here is Shelbs, if she has been in hiding for six years and put her 484 00:27:50,880 --> 00:27:57,880 real name down, why would she not have gone under an assumed name? 485 00:27:57,880 --> 00:28:02,880 Surely she had contacts to make that fake identity. 486 00:28:02,880 --> 00:28:04,680 You know what direction I'm going here? 487 00:28:04,680 --> 00:28:05,680 I do. 488 00:28:05,680 --> 00:28:08,720 It just makes no sense that she would have put her real name. 489 00:28:08,720 --> 00:28:14,920 Apparently the name that the flat was listed under is a real corporation, but they declined 490 00:28:14,920 --> 00:28:15,920 interviews. 491 00:28:15,920 --> 00:28:20,920 Obviously they didn't want to discuss transaction related to the crypto queen. 492 00:28:20,920 --> 00:28:27,340 Regardless, if a UK property does not have a beneficiary listed, sales can no longer 493 00:28:27,340 --> 00:28:30,360 go through due to that transparency law. 494 00:28:30,360 --> 00:28:33,920 So everything comes to a standstill until you get that beneficiary. 495 00:28:33,920 --> 00:28:36,080 Yeah, that's interesting. 496 00:28:36,080 --> 00:28:42,440 According to Entrepreneur Magazine, a lawsuit was filed by the victims against OneCoin and 497 00:28:42,440 --> 00:28:49,320 court documents revealed that Ruzsa Ignatova has that $500 million stashed away in bank 498 00:28:49,320 --> 00:28:53,040 accounts located in Dubai as of 2021. 499 00:28:53,040 --> 00:28:59,160 She definitely has enough money to stay hidden as long as that sale from the London flat 500 00:28:59,160 --> 00:29:01,120 does not come back to bite her. 501 00:29:01,120 --> 00:29:02,120 Yeah, for sure. 502 00:29:02,120 --> 00:29:03,120 All right. 503 00:29:03,120 --> 00:29:06,960 When I first looked this story up, I told you that we had some pretty recent updates 504 00:29:06,960 --> 00:29:09,240 on that real estate activity. 505 00:29:09,240 --> 00:29:15,760 But since February 22nd, 2023, there's even more articles starting to pop up, Shelby, 506 00:29:15,760 --> 00:29:17,400 about Ignatova. 507 00:29:17,400 --> 00:29:21,920 I looked this up just last night to see if there were any updates because it's an active 508 00:29:21,920 --> 00:29:23,080 case. 509 00:29:23,080 --> 00:29:27,100 And I'm not going to say that there's a lot of substance to this because it's not on the 510 00:29:27,100 --> 00:29:29,880 major news outlets yet. 511 00:29:29,880 --> 00:29:34,240 It's in all those cryptocurrency magazines or websites. 512 00:29:34,240 --> 00:29:41,080 There is rumor that Ignatova was assassinated by a drug lord that may have invested money 513 00:29:41,080 --> 00:29:42,240 in OneCoin. 514 00:29:42,240 --> 00:29:45,360 I did not see that coming at all. 515 00:29:45,360 --> 00:29:46,360 Really? 516 00:29:46,360 --> 00:29:47,360 No, wow. 517 00:29:47,360 --> 00:29:48,360 I know. 518 00:29:48,360 --> 00:29:50,360 Well, I mean, again, there's no substance to that yet. 519 00:29:50,360 --> 00:29:52,200 We will find out. 520 00:29:52,200 --> 00:29:55,640 But just from what I read yesterday is a possibility. 521 00:29:55,640 --> 00:29:56,800 I have no idea. 522 00:29:56,800 --> 00:29:59,520 We'll see how this pans out in the end, you know? 523 00:29:59,520 --> 00:30:00,520 Yeah, for sure. 524 00:30:00,520 --> 00:30:01,520 Oh my gosh. 525 00:30:01,520 --> 00:30:07,600 Well, Shelby, that's the story of Ruzsa Ignatova, aka the crypto queen. 526 00:30:07,600 --> 00:30:10,120 Well, that was a really good one. 527 00:30:10,120 --> 00:30:11,120 Yeah. 528 00:30:11,120 --> 00:30:14,040 Do you still want to go out and invest in Bitcoin? 529 00:30:14,040 --> 00:30:15,040 No. 530 00:30:15,040 --> 00:30:17,720 I thought that was a good one. 531 00:30:17,720 --> 00:30:19,600 I thought you'd really enjoy this. 532 00:30:19,600 --> 00:30:20,600 I did. 533 00:30:20,600 --> 00:30:23,000 Do you have a teachable moment for us today? 534 00:30:23,000 --> 00:30:24,400 Of course I do. 535 00:30:24,400 --> 00:30:30,880 You absolutely need to do your own homework before ever entrusting your money in new or 536 00:30:30,880 --> 00:30:31,880 old companies. 537 00:30:31,880 --> 00:30:35,040 And Shelby, that includes your financial investors as well. 538 00:30:35,040 --> 00:30:37,120 You need to know their background. 539 00:30:37,120 --> 00:30:39,960 You need to do a little bit of homework on them. 540 00:30:39,960 --> 00:30:44,520 They can say that they can help you, but again, when you're working with money, people can 541 00:30:44,520 --> 00:30:46,560 get greedy. 542 00:30:46,560 --> 00:30:51,880 And you know that playing the stock market is risky, and some companies are riskier than 543 00:30:51,880 --> 00:30:52,880 others. 544 00:30:52,880 --> 00:30:55,520 There's those different tiers that we invest in. 545 00:30:55,520 --> 00:31:01,320 Are we going to go strong and aggressive, or are we just going to kind of do some easy 546 00:31:01,320 --> 00:31:02,320 investing? 547 00:31:02,320 --> 00:31:06,120 It's all up to you, but you just need to do your homework. 548 00:31:06,120 --> 00:31:11,880 Honestly, to me, there's still not enough information about cryptocurrency and how it's 549 00:31:11,880 --> 00:31:16,480 regulated in order for me to even consider investing in that company. 550 00:31:16,480 --> 00:31:17,480 I would gauge it. 551 00:31:17,480 --> 00:31:23,760 I would consider it maybe later in the future once I see how things work out. 552 00:31:23,760 --> 00:31:28,760 There are still entirely too many ways to become a victim of fraud these days. 553 00:31:28,760 --> 00:31:35,320 If it sounds too good to be true, we know that it is too good to be true. 554 00:31:35,320 --> 00:31:40,760 Unless you are exceptional with analyzing market trends and potential investments, you 555 00:31:40,760 --> 00:31:45,480 need a financial advisor to help you make those decisions because they will affect you 556 00:31:45,480 --> 00:31:47,760 in the long run. 557 00:31:47,760 --> 00:31:53,640 And I've heard too many stories of elderly people being swindled, which is honestly, 558 00:31:53,640 --> 00:31:54,640 show me this. 559 00:31:54,640 --> 00:31:57,960 That's one of the most disgusting acts that I can think of. 560 00:31:57,960 --> 00:32:03,920 But we can do our due diligence to pay attention to where our money is going, ask questions, 561 00:32:03,920 --> 00:32:09,720 seek advice, and just say no if something does sound a little bit too good to be true. 562 00:32:09,720 --> 00:32:11,520 So that's my teachable moment. 563 00:32:11,520 --> 00:32:16,120 Apply and verify your verifications before you invest in your life savings. 564 00:32:16,120 --> 00:32:17,600 Well, thank you. 565 00:32:17,600 --> 00:32:18,920 That was great. 566 00:32:18,920 --> 00:32:20,440 Yeah, no problem. 567 00:32:20,440 --> 00:32:22,360 All right, you all. 568 00:32:22,360 --> 00:32:25,860 That again is the case of Ruzsa Ignitova. 569 00:32:25,860 --> 00:32:30,200 We would love to hear what our listeners have to say about this case. 570 00:32:30,200 --> 00:32:37,160 If you have any information concerning Ignitova, please contact your local FBI office or the 571 00:32:37,160 --> 00:32:40,280 nearest American embassy or consulate. 572 00:32:40,280 --> 00:32:42,240 There you have it until next week. 573 00:32:42,240 --> 00:32:43,920 We'll talk to you soon. 574 00:32:43,920 --> 00:32:44,920 Bye. 575 00:32:44,920 --> 00:32:47,440 Thanks for listening to Dying to be Found. 576 00:32:47,440 --> 00:32:52,440 Before we go, we would love for you to leave a review on your favorite podcast platform. 577 00:32:52,440 --> 00:32:58,140 Be sure to follow us on Instagram, Twitter, Facebook and Pinterest at Dying to be Found. 578 00:32:58,140 --> 00:33:04,000 You can access our website, email, social media and storyline request form by clicking 579 00:33:04,000 --> 00:33:06,800 on our Linktree account found in our show notes. 580 00:33:06,800 --> 00:33:12,320 If you like our episodes, consider buying us a coffee at buymeacoffee.com slash Dying 581 00:33:12,320 --> 00:33:15,560 to be Found spelled just like you see it on our logo. 582 00:33:15,560 --> 00:33:19,920 Feel free to message us on Instagram and let us know how we're doing or if you'd like a 583 00:33:19,920 --> 00:33:21,280 sticker with that. 584 00:33:21,280 --> 00:33:25,680 Be sure to check us out every Thursday wherever you get your podcasts. 585 00:33:25,680 --> 00:33:40,680 We will talk to you all next week.