Konstantin Ignatov was released from prison despite being found guilty of fraud and money laundering, after 34 months of imprisonment.
Konstantin Ignatov, the brother of Ruja Ignatov, the ‘Cryptoqueen’ has been released from prison after completing his 34 months of imprisonment. He was imprisoned for a $4.4 Billion fraud scheme discovered under his role at OneCoin.
On March 5, District Court Judge Edgardo Ramos handed over a time-served verdict to
Konstantin Ignatov was once the defacto leader of OneCoin. Time-served refers to a verdict when the court deems that the defendant has spent the required time in jail while awaiting another sentencing hearing.
The suspected Ignatov took full responsibility for the claims against him at the latest hearing on March 5 by Law360.
His words were as follows,
“I can only blame myself […] still have trouble looking into my own eyes in the mirror. The last five years were a very painful period in my life, but I’m glad for th
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