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

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

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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 — was charged with wire fraud, securities fraud, and money laundering related to the sham cryptocurrency, OneCoin. The U.S. Department of Justice indicted Ignatov for scamming investors through a multi-national Ponzi scheme that made false promises of “guaranteed” profits. Grifting Brother-Sister Con Artists Shockingly, OneCoin Ltd. never launched an actual cryptocurrency. Instead, it used a

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* First published on ccn.com

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