After spending 34 months in prison, Konstantin Ignatov walked free after cooperating with prosecutors and agreeing to hand over $118,000 in ill-gotten gains.
The brother of Ruja “Cryptoqueen” Ignatova has been released from prison after spending 34 months behind bars for his role in OneCoin’s infamous $4.4 billion fraud scheme.
Konstantin Ignatov — once the “defacto leader” of the OneCoin sha — was handed a “time served” verdict by district court judge Edgardo Ramos on March. 5, according to a report from Bloomberg.
A “time served” verdict refers to when a court deems that a defendant has spent an adequate amount of time in jail while awaiting another sentencing hearing.
