The founder of the OneCoin scam project could face up to 90 years in prison
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Answer The founder of the OneCoin scam project could face up to 90 years in prison
The OneCoin project is one of the projects that managed to reach the global level but fraudulently cost the investors a lot of money.
The US Department of Justice (DOJ) has reached a deal with Konstantin Ignatov for his involvement in the OneCoin Ltd project that leads the OneCoin cryptocurrency and is headquartered in Bulgaria.
Ignatov pleaded guilty to several charges, including money laundering, according to to source.
The deal was reached last October 4, but was only released publicly last Tuesday.
Ignatov was arrested at Los Angeles International Airport in March 2019.
For those who do not know Konstantin Ignatov, he is the co-founder of the OneCoin project and the brother of Dr. Roja Ignatov, who became the “Queen of Crypto” and who disappeared some time ago due to her fraudulent actions.
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Under the terms of the petition, Konstantin Ignatov will not face any charges other than appearing against OneCoin and its products, except for potential tax violations.
The same source told Ignatov that he still faces the possibility of a sentence of 90 years in prison.
For your information, OneCoin has raised about $4 billion for its cryptocurrency financial system and proprietary financing, in what several parties and governments have described as a Ponzi scheme.
OneCoin denies these allegations and continues to operate.
According to the source, “Ignatov” could be transferred to the Witness Protection Program in the United States, depending on the length of the sentence.
Court documents say that several individuals have made threats against him.
His testimony in a case against “Mark Scott”, an American lawyer accused of laundering $400 million worth of money from OneCoin, is still ongoing.
Ignatov told the court that his sister had obtained a passport and tickets to Vienna and Athens from her home in Bulgaria.
She called OneCoin’s critics “haters” and warned them not to surrender to the authorities, her brother said.
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