Three days ago OneCoin’s Konstantin Ignatov was arrested at Los Angeles International airport.

Today the Manhattan US Attorney’s Office announced criminal charges have been filed against Konstantin Ignatov and his sister, Ruja Ignatova.

OneCoin founder Ruja Ignatova has been on the run from authorities since mid 2017.

Ignatova’s disappearance came roughly six months after OneCoin collapsed.

In the wake of Ignatova going into hiding, her brother Konstantin stepped up to run what was left of OneCoin.

According to New York prosecutors, Konstantin Ignatov was arrested

on a wire fraud conspiracy charge stemming from his role as the leader of an international pyramid scheme that involved the marketing of a fraudulent cryptocurrency called “OneCoin.”

A separately unsealed indictment against Ruja Ignatova reveals criminal charges related to wire fraud, securities fraud and money laundering offenses.

New York prosecutors allege OneCoin was

a multibillion-dollar ‘cryptocurrency’ company based completely on lies and deceit.

BehindMLM first sounded the alarm over OneCoin back in 2014.

(OneCoin) promised big returns and minimal risk, but, as alleged, this business was a pyramid scheme based on smoke and mirrors more than zeroes and ones.

Investors were victimized while the defendants got rich.

Standby for coverage of Ruja Ignatova’s indictment.