Konstantin indictment stay suggests DOJ cooperation
Under the Speedy Trial Act, the DOJ had until April 26th to file an indictment or information pertaining to Konstantin Ignatov.
An April 26th filing reveals continues negotiations between Konstantin’s attorney and the DOJ.
Ignatov, as head of the OneCoin Ponzi scheme, was arrested and charged with conspiracy to commit wire fraud last month.
A preliminary hearing, which was expected to provide an update on Konstantin’s case, was scheduled for April 26th.
On the same day the DOJ filed an application for an order of continuance.
In an affirmation supporting the order, an Assistant United States Attorney writes;
Defense counsel and I have had discussions regarding a possible disposition of this case continuing to as recently as April 22, 2019.
The negotiations have not been completed and we plan to continue our discussions, but do not anticipate a resolution before the deadline under the Speedy Trail Act expires on April 26, 2019.
The DOJ requested a thirty-day continuance, which was consented to by Konstantin and his attorney.
The DOJ’s application has been granted. This means that pending disposition of the case, a preliminary hearing will be held on or around May 27th.
Regarding the possible disposition, no details of negotiations between the DOJ and Konstantin have been made public.
The following is pure speculation on my part.
It’s no secret that by the time Konstantin took the reigns of OneCoin the real criminals, such as his sister Ruja, had already fled.
Konstantin was still heavily involved in OneCoin and I doubt will be able to negotiate his way out of prison time, but there are bigger fish to fry.
To that end Konstantin’s connection to Ruja (remember he had power of attorney), means that he’s valuable as a knowledge asset.
If what Konstantin knows can be accessed as part of a plea bargain, I’d imagine that’d strengthen the DOJ’s case.
Part of that is eventually nabbing Ruja but bear in mind we don’t know what else the DOJ might be up to.
A big question mark remains over the status and location of the bulk of the money invested into OneCoin (last estimated to be around four billion).
As was revealed with the arrest of Mark Scott, Ruja didn’t launder the billions that was invested into OneCoin on her own.
Pending disposition of Konstantin’s case or a scheduled late May preliminary hearing, stay tuned…
Surely DOJ would be capable of considering a similar litany of charges against the younger Konmanstantin as his sister. I wonder if those (additional increments of 20 years) were the bartering chips they played? Or whether a Plea Deal would be in effect from the single charge of Conspiracy to Commit Money Laundering, which would alone carry up to 20 years?
Both Onecoinists and critics share one thing in common, at least. We both are regularly getting accustomed to have to wait for actions to happen and the story to progress.
I’m okay with that, but it sure would be nice to see more of our favourite pimps arrested, in the meantime!
While Konstantin’s lifestyle was no doubt funded by stolen OneCoin funds, I don’t think he actually stepped up till Ruja fled.
Up until then he was her bodyguard or head of admin, depending on who you ask.
He’s accountable for his conduct post mid 2017 but most of the money was stolen through OneCoin between late 2014 to Jan 2017. That’s where the bigger fish theory comes into play.
Correction to last comment: *conspiracy to commit wire fraud
The good news is that Konstantin knows where Ruja is, and the Feds know it.
Going to be interesting to see if he “gives her up” to reduce his sentence in a plea deal.
I didn’t expect the OneCoin saga to turn into a full fledged latino telenovela.
You have all the characters, the jilted lover/business partner/partner-in-crime, the jailed wannabe gangster brother who is wondering whether he was the mule all along, and finally the gypsy (fair presumption considering physical traits and geography) kingpin whos missing and no one knows whether she’s dead and burried in a ditch somewhere or in hiding only to return last season more powerfull and wise then ever.
I will be visiting this site daily looking for more intriguing episodes.
My hunch was all along that Konstantin is pondering a plea bargain. There were no indications that Konstantin is definately willing to fight, and I think it was reflected in the line of communication taken by OneCoin / OneLife company.
“The Company” has been completely silent about DoJ’s Ruja indictment and only minimally commented about Konstantin’s case, in merely acknowledging his detainment and pending charge. As if they don’t know if their top leader will soon come out and say: “Yes, it was all a scam and lie, and I will now help US government to bring the ‘Trashy coin'(Ruja’s words) down once and for all”.
“The Company” has still not made any effort deny any of the damning allegations and charges made in DoJ documents. (i.e If OneCoin “investors” should stick to official company line, they can’t say that the DoJ allegations are baseless, for the company has not official line about them.)
Konstantin knows f’all. They’ve had him seven weeks and are now cooperating with the defense? C’on!
They’re not cooperating with the defense, it’s the other way around. The accused enter into plea agreements, not prosecutors.
Hook the small fish and squeeze them for info on the bigger fish.
And seven weeks? This is just getting started. There’ll be years of content to come.
Everybody’s talking the same thing, and everybody’s prejudging on rumors. What’s the matter with you? Have you ever considered what would happen if the real conspiracy behind it were the slanderers?
Have you ever heard of rules in MLM companies? E.g. from those who forbid sales employees to promise their customers anything other than what is stated in the general terms and conditions? And that there are people who do not keep their promises because of their greed for money?
And have you heard about what usually happens to such people? They lose their employee status and lose their account with the company. It’s the same everywhere in the world. Because these people are depriving companies of their reputation.
That one or the other is then incredibly angry because all the money is gone (but rightly so, because they knew beforehand what would happen if the rules were not observed), is probably clear.
And what now, if one or the other suddenly received a lot of money from opponents of the company, e.g. at least as much as they had lost, if they now bring the company into disrepute?
Have you ever thought about (Ozedit: conspiracy derails removed)
The only “opponents” of OneCoin are those who called it for what it is and law enforcement working to shut the Ponzi scheme down.
Filed allegations backed by evidence aren’t rumors.
And funny you should crap on about rumors, when you’re the one coming up with unsubstantiated conspiracy theories.
None of that matter when you’re running a $4 billion Ponzi scheme.
From where do you have this information? Why do you know this is true?
So you have seen this evidence?
3) And you are really sure when there is $4 billion business, everyone would agree with this business? No enemies?
Nobody who worries about his business? Seriously?
4) And do you know the difference between “suspected” and “convicted”? So, he is already convicted? That’s a fact you say?
As a conclusion we can say: When YOU are suspected for something, YOU would love to be convicted by the masses? And you would NOT BE INTERESTED in a FAIR TRIAL? And YOU would seriously love to read in the newspapers everywhere, that you are guilty, wether right or not, wether offialy convicted or not?
Sounds quite strange for me…
It’s not important IF he is right or wrong. It’s important, that he is NOT GUILTY earlier than convicted. Presumption of innocence 😉
From the court filings and my own experience with nutjob Ponzi supporters.
Didn’t say I had. Whether I’ve seen the filed evidence has no bearing on it existing and being filed in court.
A Ponzi scheme isn’t a business. It’s a scam designed to enrich its owners.
Nope. You just made that up.
By all means, in court.
Anyone can look at OneCoin’s business model, deduce it was a Ponzi scheme (I personally did in late 2014) and come to the conclusion it was an entirely illegal operation.
Due process in court requires the presumption of evidence. That doesn’t mean I or anyone else can’t state OneCoin was a Ponzi scheme run by Ponzi scammers.
A prosecutor examined the evidence and decided it was sufficient to warrant the criminal charges. He submitted that evidence to a grand jury, who reviewed it and returned an indictment.
A bookmaker would probably give Ignatov a 10% chance of acquittal at best.
agreed. you’ve prejudged that ‘coins’ actually exist based on rumors.
The gradual shutdown of OneCoin related sites continues. So far happened:
– coinvegas.eu: Closed long time ago.
– xcoinx.com: “coming soon” for over 2 years
– dealshaker.com: The number of open deals frozen and not updated (since 20th of February 2019).
– onelifeevents.eu: The list of upcoming events has been flushed, no upcoming events (excluding 2 old ones that are cancelled) listed at the site (since 20th of March 2019).
– sales.onecoinico.io: gives error 523, no way to buy tokens. (Since 10th of April 2019.)
And on 22nd of April 2019 (I personally only noted this yesterday):
Oh my. The new Dealshaker had 8,551 open deals at April 30th and today it has 4,173 open deals.
Unless their system is really fucked up, over half of the open deals expired within 48 hour period.
We should not forget Ruja’s alleged gold vault in Dubai, which should be accessible via the domain goldvault.co. I quote Jose Gordo:
On other websites or in videos promoting the OneCoin scam, the amount of gold even rose to 10 mg per OneCoin:
There is also a video on YouTube called:
In this video, founder Ruja Ignatova and her co-founder Sebastian Greenwood explain:
Ruja and her criminal gang in Sofia promised a lot, but those who want to call goldvault.co have been experiencing this for years: