Mar 5, 10:34 PM

'Cryptoqueen' Scam Founders Arrested, Brother Released After 34 Months

The founders of a $400 million cryptocurrency Ponzi scheme were arrested in Argentina, marking a significant development in the ongoing saga of the OneCoin scam. In related news, Konstantin Ignatov, the brother of the fugitive 'Cryptoqueen' Ruja Ignatova, has been released from prison after serving 34 months. Ignatov pleaded guilty to his involvement in the scam and, in addition to his prison term, received two years of supervised release and was ordered to forfeit $118,000. The OneCoin scam, which fraudulently claimed $4.4 billion from investors, has been one of the most notorious fraud schemes in the cryptocurrency space.

#Ponzi #Argentina #OneCoin #Konstantin Ignatov #Ruja Ignatova #Ignatov

Written with ChatGPT (GPT-4).

Sources

crypto.news@cryptodotnews
2 years ago
Konstantin Ignatov has been released after serving 34 months in prison for his involvement in the OneCoin cryptocurrency scam, a scheme that fraudulently claimed $4.4 billion from investors https://t.co/vYsvrCxGWP
BSCN Headlines@BSCNheadlines
2 years ago
UPDATE: BROTHER OF RUJA "CRYPTOQUEEN" IGNATOVA HAS BEEN RELEASED FROM PRISON AFTER 34 MONTHS FOR HIS INVOLVEMENT IN THE INFAMOUS $4.4B FRAUD SCHEME
Bloomberg@business
2 years ago
The brother of fugitive “Cryptoqueen” Ruja Ignatova won’t spend any more time behind bars after pleading guilty to helping run the OneCoin scam https://t.co/8KkdJtEcSl

'Cryptoqueen' Scam Founders Arrested, Brother Released After 34 Months

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