Embattled CEO of $3.8B Crypto Ponzi Scheme OneCoin Pleads Not Guilty

Lai Tran June 7, 2019 0 Comments

By CCN: Konstantin Ignatov, the CEO of the multi-billion-dollar “crypto” Ponzi scheme OneCoin, has pleaded not guilty to wire fraud. According to court documents, Ignatov entered the plea during a May 28 preliminary hearing via conference call. As CCN reported, Ignatov — a Bulgarian national — and his sister Ruja Ignatova were charged with wire fraud, securities fraud, and money laundering related to their sham cryptocurrency, OneCoin. The U.S. Department of Justice indicted the Ignatovs for scamming investors through a multi-national Ponzi scheme that made false promises of “guaranteed” profits. Grifting Brother-Sister Con Artists Shockingly, the brother-sister grifters never launched

The post Embattled CEO of $3.8B Crypto Ponzi Scheme OneCoin Pleads Not Guilty appeared first on CCN

Source: Bitcoin CNN