On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov was also arrested in Los Angeles and appeared before a judge in California.
US Prosecutors Charge Onecoin Leaders With Money Laundering and Securities Fraud
This week U.S. prosecutors have indicted the leaders of the infamous Onecoin project: Konstantin Ignatov and Ruja Ignatova. The duo started the project back in 2014 and enlisted a group of others to help spread the Ponzi scheme. Just recently news.Bitcoin.com shared an update update on the Onecoin project and how law enforcement from a variety of countries has been investigating this case. Furthermore, Ruja Ignatova had gone missing and hadn’t been seen in well over a year after purchasing a mansion and yacht. Now the U.S. Department of Justice (DoJ) has informed the public that Konstantin Ignatov has been arrested in L.A. and both leaders are being charged with wire fraud, money laundering, and securities fraud.
“As alleged in the indictment, these defendants executed an old-school pyramid scheme on a new-school platform, compromising the integrity of New York’s financial system and defrauding investors out of billions,” New York County District Attorney Cyrus R. Vance, Jr., detailed. “Our Office urges all crypto investors to scrutinize investment opportunities, recognize the prevalence of fraud in this underregulated space, and proceed with caution.”
Konstantin Ignatov was arrested this week in L.A. » Read Full Article «