LAW & CRIME

Devil’s Coin: My Battle To Take Down the Notorious OneCoin Cryptoqueen

Morrow Aug. 2023. 272p. ISBN 9780063219182. $28.99. CRIME
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In IT consultant McAdam’s book, cryptocurrency meets network marketing, and it’s a marriage made in hell. Charismatic fraudsters such as Billy McFarland and the Fyre Festival, Elizabeth Holmes and Theranos, Bernie Madoff and his Ponzi scheme are well-known in the United States. But few readers will be familiar with the subject of this book: Ruja Ignatova and OneCoin. The author details how she came to learn of, and be taken in by, the duplicitous ramblings of Ignatova, who claimed to be an expert in cryptocurrency. In reality, she was running a global scam that took advantage of investors and average- to low-income people who were hoping to secure their financial futures. When McAdam, a middle-aged Scottish woman with a chronic illness, realized that she had not only invested her meager inheritance in a scam but also encouraged her friends and family to do the same, she fought back. This is the story of her quest to take down a criminal enterprise, despite death threats and the cult mentality of OneCoin’s loyalists.
VERDICT General readers can learn from McAdam’s experiences.
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