criminal investigation Archives

An elusive Bulgarian woman reveals an empty box with the label 'OneCoin', symbolizing the $4 billion cryptocurrency scam.

Unraveling OneCoin: Understanding the Largest Cryptocurrency Ponzi Scheme in History

April 18, 2025 FinanceFacts101 Business Finance

Background of OneCoin: A Purported Cryptocurrency OneCoin, a multi-billion dollar cryptocurrency Ponzi scheme, was created by Bulgarian national Ruja Ignatova in 2014. The companies behind the scheme were OneCoin Ltd. and OneLife Network Ltd. Initially marketed as a legitimate cryptocurrency, OneCoin never had an active trading market or blockchain system.

A Comprehensive Guide to Forensic Accounting: Unraveling Financial Crimes

October 10, 2024 FinanceFacts101 Accounting

Understanding Forensic Accounting: An Overview Forensic accounting is a specialized field that merges accounting expertise, investigative skills, and legal knowledge to examine financial transactions and uncover potential financial crimes or discrepancies. Essentially, forensic accountants act as detectives of the financial world. They are certified public accountants (CPAs) who employ their