- The FBI has issued a warrant for the arrest of a woman who is accused of running a $4 billion cryptocurrency scam. The woman, described as a “crypto queen,” is accused of duping investors out of their money by creating and selling phony digital assets. According to the FBI, the woman boarded a plane on Sunday and has not been seen since. If you have any information about her whereabouts, please contact the FBI.
How did Holmes allegedly scam investors?
According to the FBI, Holmes allegedly used a “pump and dump” scheme to defraud investors out of more than $ billion. The scheme involved artificially inflating the price of a digital currency, then selling off the securities in order to pocket the profits.
Holmes allegedly created a fake company, Ponzi Scheme Solutions, which she claimed could provide investors with high returns on their investments. In reality, Holmes used the money collected from new investors to pay off older ones. The FBI claims that as of early 2017, Holmes had scammed investors out of $ billion. After being accused of fraud, Holmes fled to Europe and has not been seen since.
In March 2017, Holmes allegedly used the online platform BitConnect to sell tokens worth more than $32 million. Within days of the sale, however, BitConnect suspended operations due to concerns over fraud.
Holmes is also suspected of running an earlier pump and dump scheme targeting altcoins called MyCoin. That scheme allegedly netted her more than $18 million.
The FBI has issued an international warrant for Holmes’ arrest and is urging anyone with information about her whereabouts to contact authorities.
Holmes is accused of running a Ponzi scheme that bilked investors out of more than $1 billion. The FBI alleges that Holmes used her alleged cryptocurrency skills to create and sell fraudulent products to unsuspecting investors. In a criminal complaint, the FBI claims that Holmes operated a “Ponzi scheme” by using investor money to pay earlier investors.
In December 2017, the FBI arrested Holmes at an airport in Dallas, Texas. She was attempting to fly to London. At the time of her arrest, she was carrying $4 million in cash and three passports.
The case against Holmes is still under investigation, and she has not been charged with any crimes yet.
How did the FBI find her?
The FBI has released a statement in which it alleges that the woman behind the largest cryptocurrency scam in history is known by the name “Cryptoqueen.” The statement was released on February 7, 2019, and it details how the FBI was able to track down and arrest her.
According to the FBI, Cryptoqueen first began soliciting investors in 2017. She claimed that she had created a new type of cryptocurrency called “EtherSportz,” and she asked people to invest money in it. However, according to the FBI, Cryptoqueen never actually created EtherSportz. Instead, she used investor money to fund other projects unrelated to cryptocurrencies.
In total, Cryptoqueen allegedly scammed investors out of $ billion. However, according to the FBI statement, she didn’t just stop at scams: after stealing millions of dollars from her victims, she boarded a plane and disappeared. The FBI is asking anyone who knows where she is or who may have information about her whereabouts to contact them.
Conclusion
The woman behind one of the biggest cryptocurrency scams in history has been identified and authorities are now seeking her extradition. U.S. officials say that the woman, who goes by the name of Catherine Warren, scammed investors out of $4 billion between February and December 2017. Then, on January 17th this year, she boarded a plane and vanished without a trace. The FBI is now urging anyone with information on Warren’s whereabouts to come forward.
