The US court has postponed the verdict against the co-founder of the OneCoin scam

The New York court prosecuted the man involved in the Ponzi OneCoin program

The US government has ordered a three-month postponement of the sentence for the co-founder of cryptocurrency scam project OneCoin.

On April 7, the Southern District Court of New York approved a request to postpone the sentence against Konstantin Ignatov, the younger brother and accomplice of OneCoin founder Ruja Ignatova, aka "Cryptoqueen". Ignatova has been hiding since her disappearance in 2017.

Konstantin Ignatov's original sentencing date is scheduled for April 8, but after the latest postponement request, it will be delivered to July 8, 2020.

Ignatov cooperates with the government as a witness

As previously reported, OneCoin is one of the most notorious scams in the cryptocurrency industry. Founded in 2014, the Bulgarian-based company remained fully operational until the end of November 2019, despite ongoing criminal lawsuits after alleged allegations that it raised funds. cheat at least 4 billion euros ($ 4.4 billion) in a Ponzi scheme.

After being arrested at Los Angeles International Airport in March 2019, Ignatov pleaded guilty to participating in a multi-billion dollar scam in the fall of 2019. He faces up to a prison sentence of up to 90 years.

While his sister was still on the run, Ignatov agreed to cooperate with authorities to testify in the trial against Mark Scott - a former lawyer who helped OneCoin wash nearly $ 400 million.

In a letter to the court on April 6, the US government said Ignatov's cooperation was "incomplete" and asked to postpone the sentence.

The case persisted

As reported, Ignatov had previously stated that after his sister had left, a guard accompanying her told him that she had met Russian speakers. Since then, an investigative journalist has claimed that Ignatova was supported by a wealthy and powerful Russian individual.

In November 2019, Mark Scott was charged with helping Ignatova launder money for OneCoin's nefarious funds through a network of fake companies, foreign bank accounts and fake investment plans.

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According to CoinTelegraph
Translated by ToiYeuBitcoin