The Famous Onecoin Ponzi Scheme Case Is Once Again Postponed By The Court 

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • The prime leader behind the OneCoin Ponzi scam, Konstantin Ignatov, expected to have its sentencing on July 8, was adjourned by the court.
  • In June 2020, a request was made by Ignatov to the New York Southern District Court to provide a three weeks extension in this case.
  • In 2019, charges of wire fraud, money laundering, and securities fraud were pointed out by The U.S. Attorney for the Southern District of New York (SDNY).

Recently, a new fold has come in the popular OneCoin case. As the prime leader behind the scam, Konstantin Ignatov expected to have its sentencing on July 8 was adjourned by the court.

Ignatov to Cooperate with prosecutors

According to the court filing, Attorney Audrey Strauss requested the court to postpone the date for four months. Ignatov’s Cooperation not yet completed with the prosecutors. It’s not the first time when Ignatov appealed the court for additional time.

In June 2020, a request made by Ignatov to the New York Southern District Court to provide a three weeks extension in this case. Ignatov will get the time to file his answer to the amended complaints of the victims or any motion.

However, noted that the District Court of the Southern District of New York Judge Edgardo Ramos had granted this appeal. Sources revealed that in the July 8 calendar, it showed another case for Judge Ramos for Isaiah Figueroa.

OneCoin’s Massive Crypto Fraud

In 2019, OneCoin alleged with the charges of wire fraud, money laundering, and securities fraud indicated by Attorney for the Southern District of New York (SDNY). The defendants and also the prime leaders of OneCoin venture Konstantin Ignatov, and Ruja Ignatova and were alleged for defrauding investors.

Furthermore, this case famed as the high-class cryptocurrency Ponzi scheme where billions of dollars defrauded from the victims. Moreover, a report says that the OneCoin leaders will face up 90 years imprisonment after the plea deal.

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