Her brother Konstantin Ignatov, who also ran the business for conspiracy to commit wire fraud, multiple felonies in and is commit money laundering, with each awaits sentencing of 20 years in prison.
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We hope this lengthy sentence resonates in the financial sector and deters anyone who may be tempted to lie to investors and exploit the cryptocurrency ecosystem through fraud. Among other things, OneCoin lied to its members about how its cryptocurrency was valued, claiming that the price of OneCoin was based on market supply and demand, when in fact OneCoin itself arbitrarily set the value of the coin without regard to market forces. Retrieved July 13, The narco-boss is said currently to reside in Dubai , having evaded Bulgarian authorities. Report Crime.
