The brother of the notorious “Cryptoqueen” fugitive has reportedly been launched from a US jail for his position within the $4 billion OneCoin crypto fraud.
Bloomberg reports that Konstantin Ignatov, the brother of Ruja Ignatova, acquired a sentence of 34 months behind bars – time that he had already served in jail.
Authorities mentioned that after his sister disappeared in 2017, Ignatov grew to become the de facto chief of the fraud.
However since Ignatov cooperated with prosecutors, the decide advisable a sentence of time served after he pleaded responsible. Ignatov was additionally ordered to forfeit $118,000.
A part of his testimony was towards Mark Scott, a lawyer who agreed to launder a whole lot of tens of millions of {dollars} for the OneCoin rip-off. Scott was ultimately discovered responsible and sentenced to 10 years in jail, in line with the report.
Ignatov was initially arrested within the airport of Los Angeles in 2019 and charged with conspiracy to commit wire fraud.
In September, Greenwood was sentenced to twenty years in jail for his position within the rip-off and ordered to forfeit over $300 million.
Ruja Ignatova, whose whereabouts stay unknown, was positioned on the FBI’s “Ten Most Wished Fugitives” listing in 2022. Nevertheless, an earlier report indicates that she could have been murdered in 2018 on the order of a drug lord.
OneCoin, launched in 2014 in Bulgaria by Ruja and Karl Sebastian Greenwood, was a fraudulent operation that marketed a digital asset of the identical title within the model of a pyramid scheme.
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Featured Picture: Shutterstock/SerGRAY/Natalia Siiatovskaia
