The CEO of the popular cryptocurrency scam named OneCoin is in the latest cryptocurrency news again. As the titles show, the OneCoin scam boss Konstantin Ignatov will have to undergo trial while he is still in custody.
The news were made official after the New York Southern District Court and its Judge Edgardo Ramos denied a bond application that was filed by Ignatov – despite him being the top leader of the cryptocurrency scam. The OneCoin scam boss has proposed attractive release conditions (as reported by Finance Feeds) but is now accused of conspiracy to commit wire fraud – a crime which could see him serve the maximum of 20 years in jail.
The best cryptocurrency news sites showed that Ignatov’s defense team had proposed a $20 million personal recognizance bond. Ignatov also agreed to wear GPS tags as well as foot the bill to hire a round-the-clock armed bodyguard service who would ensure that he doesn’t flee.
The access to the OneCoin scam boss’ residence is also only allowed to those with pre-authorized permission. On top of this, Ignatov agreed to avoid using computers or cellphones other than for taking notes and reviewing discovery.
https://twitter.com/OneCoinInsider/status/1144853706468470784
The altcoin news, however, show that the OneCoin scam is still operating. At the time of Ignatov’s arrest in March in California, he was scheduled to attend OneCoin events in the US.
“He simply cannot be trusted to comply with any conditions set by the Court, having already lied to U.S. border agents, investigating case agents, and even the very Pretrial Services Officers tasked with evaluating appropriate bail in this case,” government officials noted.
The US authorities also noted that the OneCoin scam founder and the sister of Konstantin Ignatov, Ruja Ignatova, had disappeared after charges were filed against her. Right now, a lot of sites report that the OneCoin boss could flee to some of the countries with no US extradition treaty which are actually many.
In such case, he would not be in danger of being apprehended and flown back to the US. One of them could be Samoa, as well as his native Bulgaria or the neighbouring countries of Serbia and North Macedonia.
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