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 turned the de facto chief of the fraud.
However since Ignatov cooperated with prosecutors, the choose really useful a sentence of time served after he pleaded responsible. Ignatov was additionally ordered to forfeit $118,000.
A part of his testimony was in opposition to Mark Scott, a lawyer who agreed to launder a whole bunch of thousands and thousands of {dollars} for the OneCoin rip-off. Scott was finally discovered responsible and sentenced to 10 years in jail, in response to 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. Nonetheless, 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 identify within the model of a pyramid scheme.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Examine Price Action
Comply with us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate internet marketing.
Featured Picture: Shutterstock/SerGRAY/Natalia Siiatovskaia