US Court Delayed Sentence Against OneCoin Co-Founder

  • Sentencing of Konstantin Ignatov was postponed again

  • The reason is explained by the cooperation of the accused with the US investigation

  • Konstantin faces up to 90 years in prison for fraud

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Attorney for the Southern District of New York, Audrey Strauss, petitions again to postpone the sentencing of the co-founder of the OneCoin scam

The sentencing of the main promoter and co-founder of the fraudulent crypto pyramid OneCoin, Konstantin Ignatov, was again postponed. This was once again petitioned by the US government in the person of the Attorney for the Southern District of New York Audrey Strauss.

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According to Strauss, the accused continues to cooperate with law enforcement agencies, and the newly revealed circumstances of the case require additional investigation. The court approved the prosecutor’s request and postponed the sentencing for six months until May 14, 2021.

This is not the first time that Ignatov’s verdict has been delayed due to cooperation in the case of organizing a high-level Ponzi scheme, which, according to preliminary data, cost the project investor billions of dollars. Initially, the main promoter of OneCoin was supposed to receive a verdict back in July, but then the hearing on the case was postponed to November for a similar reason..

High-level scam

We will remind, Konstantin Ignatov was detained at the Los Angeles airport in March 2019. The US prosecutor’s office accuses him of acting as a personal assistant to OneCoin founder Ruzha Ignatova (Konstantin’s sister), whose location is currently unknown..

The US court again postponed the ruling ...

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Ignatov pleaded guilty to several counts. He faces up to 90 years in prison. Together with him, Mark Scott, attorney at OneCoin, pleaded guilty to laundering $ 400 million.

The Cointelegraph first reported potential OneCoin scam in 2015.

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Then, during a special investigation, journalists could not find irrefutable evidence of Ruzha Ignatova’s statements, which were indicated on the official website of OneCoin.

The US court again postponed the ruling ...

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