OneCoin investors have agreed for a settlement with Konstantin Ignatov, escapes 90-year jail

Former CEO of Onecoin, Konstantin Ignatov, initially faced up to 90 years in jail after pleading guilty in November 2019. Now, it seems that Konstantin is no longer one of the key defendants in legal actions brought by victims of the $4 billion scam.

According to a report from Finance Magnates on Aug 7, lead plaintiff Donald Berdeaux and plaintiff Christine Grablis are representing all the investors of OneCoin who invested in the project from April 2014 through to and including March 2018 and suffered financial losses. have agreed to settle with Konstantin.

While the details of the court settlement remain unclear, court documents indicate that the case will continue to target another key OneCoin figure — Ignatov’s sister, Ruja Ignatova, the founder of the fraudulent scheme.

Konstantin was nabbed in March 2019, by the US prosecutors in New York for his close ties with the multi-billion dollar crypto scam OneCoin. He was alleged to be the personal assistant of Ruja Ignatova, she went missing in 2017 after a secret U.S. warrant was filed for her arrest.

As AZCoin News reported yesterday, the UK’s financial watchdog – the Financial Conduct Authority (FCA) – has removed the OneCoin warning.

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