The fraud story that we will tell in this topic dates back to the year 2016 where many people believed that they had a valuable opportunity, somewhat similar to getting to know Bitcoin in its infancy.

A project called “OneCoin” has spread extensively on social media, with many rumors circulating that it is the next Bitcoin.

Which made the value of this currency skyrocket in value and those behind the currency became managing and managing millions of dollars.

The founder of the “OneCoin” project was a Bulgarian-German businesswoman named Dr. Roja Ignatova.

She has impeccable project credentials including a degree from Oxford University and a stint at McKinsey.

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Dr. Roja stated earlier that her project “OneCoin” is a Bitcoin killer which will bring with it a financial revolution for all its investors especially those who entered early.

Driven by the media momentum behind crypto projects, the “OneCoin” project has reached 175 countries around the world and more than 4 billion euros have been injected from investors optimistic about a better tomorrow with this project.

You can statistics That up to €100 million was invested between 2014 and 2017 from people in the UK.

To become clear with some cruelty to the investors that the project is fraudulent and played on the investors’ money.

As the “OneCoin” coin does not have any real project and therefore does not have any real value except for the financial number it carries.

Two years ago, the US authorities charged Dr. “Roja” with fraud, since then she has disappeared and has not been seen again on the scene.

Her final response was that she rejects the allegations that “OneCoin” is fraudulent, stating the following:

OneCoin meets all criteria for verifiably identifiable cryptocurrency, and it is our goal for “OneCoin” to be traded much further.

Read:Bitcoin Price Falls 14%, Analysts Divided On Next Move

Returning to those affected in the United Kingdom, the most affected group are Asian Muslims and Arabs.

Through an investigation conducted by the source, it was found that the most affected are Muslims and Arabs in general.

The “OneCoin” project is based on a multi-level hierarchical marketing that makes the individual drag his friends and family with him to generate commissions from sales.

And as it is known in Islamic Sharia that there are certain restrictions on financial investments, most of them related to the rules of interest and usury, which are not allowed.

To attract Muslims, the supervisors of the fraudulent “OneCoin” project published a Sharia-compliant certificate, issued by the Huda Center for Islamic Banking and Economics Services in Pakistan.

What brought great satisfaction among British Muslims wishing to participate in this project.

Mufti Amjad Muhammad, a researcher in Bradford, after receiving several phone calls and messages from Muslim investors, discusses his opinion of the project.

He decided to take a closer look at the sharia certificate, which immediately annoyed him.

where he said:

There was no evidence of any research supporting the testimony.

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After careful examination of the terms of OneCoin, he issued a fatwa that Muslims should stop investing in this project and Muslims should not invest in OneCoin.

Mufti Amjad believes that in the British Asian community, it was not unusual for people who thought they had found a life-changing investment as they recruited their close friends and family into OneCoin.

But many of them fell victim to this project, and with the knowledge of the victims, they could not report to the authorities, because the people they recruited in the scheme were family members.

The Arabs and some Asian Muslims lost millions of pounds in the “OneCoin” project in Britain, which approached them through a paper proving that it is compatible with Islamic law.

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