OneCoin’s Gilbert Armenta sentenced to five years in prison
Gilbert Armenta’s OneCoin crimes called for a 100 year sentencing guideline.
In the lead up to his sentencing, Armenta’s lawyers asked for time served due to the conditions at MCC New York.
The DOJ asked for seven years, stating that “any sentence of less than five years’ imprisonment would not (be appropriate).”
Following a “lengthy sentencing proceeding” on February 16th, Gilbert Armenta has been sentenced to five years in prison.
At time of publication Armenta’s criminal case docket has yet to reflect his sentencing. The DOJ also hasn’t put out a press-release.
When those circumstances change, I’ll leave an update below.
In the meantime a vlog from Inner City Press’ Matthew Lee gives a rundown of the proceedings.
Konstantin Ignatov was also scheduled to be sentenced on February 16th. Due to his ongoing cooperation agreement with the DOJ however, this was pushed back to May 17th.
I believe the holdup there is resolution of Mark Scott’s case.
Konstantin Ignatov is the brother of OneCoin founder and wanted fugitive Ruja Ignatova.
Mark Scott laundered $400 million for OneCoin and served as the head of its US-based money laundering operations.
Steal a $ 300 car and you can expect that in a proper prison.
Launder $ 300 million stolen from people who really couldn’t afford it, commit two other felonies after your plea, go to prison for five years.
Whatever Armenta told them must be absolute dynamite.
For all his faults Armenta did provide a lot of intel to the DOJ.
He might have even had a shot at time served if he didn’t commit the additional felonies.
Armenta will have a lot of time to think about his choices in prison.
Detailed article by German journalist Martin Himmelheber.
share-your-photo.com/bce49b821d
Later Martin Himmelheber describes the possible prospects for Konstantin Ignatov, Frank Schneider from Luxembourg, Sebastian Greenwood and Ruja Ignatova.
nrwz.de/schramberg/ruja-ignatovas-geliebter-armenta-muss-fuenf-jahre-in-haft/390657
An old photo of Ruja Ignatova and Gilbert Armenta:
share-your-photo.com/e8de36e961
He got my money!
Gilbert Armenta defrauded several financial institution in the Dutch Caribbean for millions of dollars, bribed several bankers and government officials. He is lucky he only got 5 years.
storage.courtlistener.com/recap/gov.uscourts.nysd.480724/gov.uscourts.nysd.480724.80.0.pdf
Sounds almost worth it.
Addition to comment #3
German journalist Martin Himmelheber has updated his article. Partial quote:
storage.courtlistener.com/recap/gov.uscourts.nysd.480724/gov.uscourts.nysd.480724.82.0.pdf
nrwz.de/schramberg/ruja-ignatovas-geliebter-armenta-muss-fuenf-jahre-in-haft/390657
How old is Gilbert Armenta? I estimated him to be about 45 years old in this photo with Ruja:
share-your-photo.com/18eea1ba41
In fact, he is now already 60 years old, as this screenshot from bop.gov shows:
share-your-photo.com/0e1f4b1935
I just need to follow!