Konstantin Ignatov, the brother of OneCoin’s fugitive founder Ruja Ignatova and a significant determine behind the $four billion Ponzi scheme, agre
Konstantin Ignatov, the brother of OneCoin’s fugitive founder Ruja Ignatova and a significant determine behind the $four billion Ponzi scheme, agreed to testify in opposition to his sister as a part of a settlement that noticed Ignatov dismissed from civil litigation concentrating on the rip-off.
Newly reported particulars relating to the settlement’s phrases reveal that Ignatov has agreed each to cooperate with the category of OneCoin traders bringing the swimsuit ahead and to testify in opposition to his sister on their behalf ought to the swimsuit go to trial.
Ignatov can also be a defendant and cooperating witness in a parallel legal case, together with his testimony serving to safe the conviction of lawyer and alleged OneCoin cash launderer Mark Scott in November 2019.
Ignatov pled responsible to costs of cash laundering and conspiracy to commit wire fraud in October, and is dealing with as much as 90 years imprisonment within the legal case. Ignatov’s sentencing is at the moment scheduled for Nov. 11.
In November, Ignatov informed New York prosecutors that Phoenix Thoroughbreds’ proprietor Amer Abdulaziz Salman was a key “money-cleaner” working below the steerage of Mark Scott’s co-conspirator and Ignatova’s former lover Gilbert Armena.
Studies point out that the Phoenix Thoroughbreds racing agency was banned from French competitors for its alleged ties to OneCoin over the past week, with the corporate additionally withdrawing from British occasions.
Abdulaziz and Phoenix Thoroughbreds have rejected the alleged affiliation with the Ponzi scheme.
Final month, the our bodies of two-former OneCoin promoters had been present in Mexico.