Konstantin Ignatov charged with conspiracy to commit wire fraud
Before OneCoin collapsed, Konstantin Ignatov is believed to have worked as personal bodyguard for his sister, Ruja Ignatov.
Ruja Ignatov was the public face of OneCoin, while Ignatov lurked in the shadows.
Following Ignatova going into hiding on or around mid 2017, Konstantin was thrust into the spotlight.
Awkward on stage and poorly groomed for the role, over the past two years or so Konstantin has struggled to present himself as a credible CEO.
Central to Konstantin’s image problem was the fact that by the time he took over, OneCoin was clearly a Ponzi past its prime.
Adding to that, Konstantin has also now been arrested and criminally charged in the US.
Konstantin traveled from Istanbul, Turkey, on February 27th.
We don’t know exactly what Konstantin was up to in the US, but he is believed to have been travelling locally on OneCoin related business.
On March 6th Konstantin was scheduled to fly back to Bulgaria. As he attempted to board his plane however, US authorities arrested Ignatov at the Los Angeles International Airport.
A sealed complaint filed by the DOJ reveals they were working with the FBI, who are believed to have executed Ignatov’s arrest.
As part of their investigation the DOJ also
- worked with foreign authorities through mutual legal assistance treaties (MLATs);
- relied on “public information” and ‘participation of other (OneCoin) team members in various witness interviews‘;
- obtained email evidence via subpoenas and judicially authorized search warrants; and
- analyzed “various bank account records”.
According to the DOJ’s complaint, Konstantin is currently “the top leader” of OneCoin.
The DOJ state their investigation into OneCoin ‘has revealed (it) is in fact a fraudulent scheme‘.
During its prime (late 2014 to late 2017), the DOJ allege OneCoin solicited €3.3 billion EUR from investors ($3.7 billion USD).
As per the DOJ’s complaint, here are the details of their investigation pertaining to Konstantin’s various roles within OneCoin.
Konstantin Ignatov is the brother of Ruja Ignatova, OneCoin’s founder, and top leader until her disappearance from public view, in or about October 2017.
Starting in late 2017, Ignatov assumed high-level positions at OneCoin, rising to the top leadership position in mid-2018.
The investigation has revealed that before ascending to OneCoin leadership in late 2017, Ignatov served as Ruja’s personal assistant.
In that role, Ignatov scheduled appointments, made travel arrangements, and managed a personal calendar for Ruja, among other significant responsibilities.
Since December 2017, Konstantin Ignatov has functioned as a high-level executive, promoter, and spokesperson for the OneCoin organization, appearing at OneCoin-OneLife events worldwide, including Thailand, Singapore, Colombia, Argentina, Brazil, Paraguay, Bulgaria, France, and Spain.
The investigation has revealed that in this role, Ignatov has made fraudulent representations to investors about OneCoin’s structure, value, usability, and future public offering.
Covered in gang tattoos and rumored to have links to the Bulgarian mafia, Konstantin (right) did his best to present himself as a warm competent leader.
Behind the scenes however, Konstantin ruled OneCoin with an iron fist.
In response to a BMW auctioned off at a 2018 OneLife event in Romania for 3.6 million OneCoin points, investors expressed concern over the true value of OneCoin points.
In response to these concerns, Ignatov cancelled the auction and issued a chilling warning;
The recent auction was poorly planned and very very chaotic.
This led to a lot of complaints and the value and the value of the coin, because of what was paid, was questioned.
Really, I will tell you something.
If I see something like this again I will cut the person’s head off publicly.
You know my sister, what happened when somebody messed up what she did.
This will be worse than you ever experienced.
I really want and will have in future an eye on everything, and if somebody messes up something like this, there will be very hard consequences.
This I promise you.
In a Facebook post made hours before his arrest, Konstantin lamented his trip to the US as “the worst travel in the last years”.
What Konstantin failed to mention in the above post, was that “they” who “stole” his belongings were in actuality US law enforcement.
Upon arrival at San Francisco International Airport on February 27th, Customs and Border Protection ‘referred Iganatov to a secondary baggage exam‘.
During his interrogation, Ignatov told Customs and Border Protection he was “trained in mixed martial arts” and in the US because he “planned to train” with a friend in Las Vegas.
As to his employment, Ignatov stated he was “self-employed for the last two years as a public speaker”.
Ignatov did not mention OneCoin or OneLife by name, but stated he gave ‘seminars on financial events and personality development‘.
Customs and Border Protection analyzed a laptop and cell phone in Ignatov’s possession.
Review of Ignatov’s interrogation and evidence gleaned from his laptop and cell phone, lead authorities to believe he was hiding
from law enforcement agents the fact that he runs OneCoin, and was visiting Las Vegas, at least in part, to attend a OneCoin event.
A search and seizure warrant was sought on March 3rd and following approval, executed.
Further review of Ignatov’s seized assets revealed the true nature of his trip.
The trip taken by Konstantin Ignatov to Las Vegas appears to have been a planned business trip in which he conducted business on behalf of OneCoin.
In the lead up to Ignatov’s trip to Las Vegas, Ignatov discussed the logistics of the upcoming trip with a OneCoin affiliate (OneCoin Affiliate-1).
OneCoin Affiliate-1 wrote to Ignatov,
“in Las Vegas, 14:00 – 18:00h .. at least 20+ top selected leaders ([from many]) cities in USA) there for the meeting/DS training and love to have you with us 30-60 minutes.
Will be inside our Bellagio Hotel-Suite or Pen[t]house.
If you can meet any time between 17:00-20:00h on either 4 or 5 of March, I will arrange another group.”
Ignatov responded, “Yes let’s do this!”
Later, in the same message exchange, OneCoin Affiliate-1 wrote
“send you again the proposed meeting schedule for next 02 days.
Also, do not need mention dr. Ruja.”
Over the following days, social media also betrayed Ignatov’s lies to Customers and Border Protection.
On or about March 5, 2019, Ignatov posted a photo of himself in front of a sign that appears to be in Las Vegas on his Instagram page.
In a comment on that Instagram post, Ignatov wrote, “[I] am here for work reasons not holiday,” contradicting statements made to law enforcement agents at SFO.
Between on or about March 1, 2019, and March 3, 2019, three videos were posted on YouTube that all appear to be from a OneCoin promotion/networking event that took place in Las Vegas Nevada.
One of the videos is titled “Meeting in Las Vegas with mr. Konstantin.”
The video above features Konstantin meeting with OneCoin Black, Blue and Diamond leaders, as well as an employee of DealShaker and “a president at DealShaker”.
The stated purpose of the meeting was to discuss “dealshaker development in (the) USA”.
Other videos show Ignatov promoting OneCoin at the event and posing with affiliates in attendance.
The rest is history. Ignatov was arrested attempting to leave the US on March 6th.
Based on collected evidence, thus far Ignatov has been charged with one count of conspiracy to commit wire fraud.
Need a short break but more coverage coming…
This sounds like the beginning of the end oh this sad story.
This News feel Like Xmas and Birthday on the Same day!
Great article as always Oz ! Xmas came early indeed 🙂
This is hitting main stream all over the world now
Sounds like Denis Murdock probably set up the meeting. I wonder if the “President” of Dealshaker would be Duncan Arthur.
I LOVE IT!
I hope they capture and charge the rest of the goons who’ve been involved in promoting the scam and laundering the money!!!
as latrine shits bricks………
The brazen fool must have felt fully above the law to have traveled to a country where his ponzi coin is completely illegal and start promoting it in public. In Las Vegas of all places!
Here’s the video of Konstantin in Vegas:
^ The fricking geniuses Konstantin and Denis. 😀
I knew Konstantin wasn’t very intelligent, but goddamn I didn’t know he is THAT stupid. 😀
Wonder when this is done if they will set him up at Supermax
Where;s ruja? The noose is tightening.
News from Bulgaria. Maybe it is a coincidence and maybe not.
5 days ago on the 04.03.2019 suddenly the PR of One Network Services (the Bulgarian One coin company) Mrs Vesela Toteva suddenly and unexpectedly died during her morning jogging.
She was 45 years old. No reason of hes death has been announced yet (she was a famous journalist).
Last year during the the police raid in the One Coin headquarters in Bulgaria Mrs Toteva was defending One Coin in TV interviews saying that they only sell educational packages.
Any chance she on her way to open an orphanage in India?
If Mark Scott alone, but if also Konstantin are found guilty of money laundering, then the Multi-National Criminal Investigation underway would use the evidence and conviction in these cases to file charges against OneCoin as money laundering was one of the things they were looking into.
It is a possibility that after the US is done with them, they could file charges there and the US would turn them over after completing their sentence here to them to stand trial there.
OC’s and the leaders legal problems are far, far, far from over.
If the ignatovs are also sleeping with the mob, they would know first hand what happens to rats.
Having followed a lot of these cases, usually the government comes out full guns blazing.
If you have a former Ponzi scheme convict like Tom Mcmurrain who is all over the web and live talking about One Coin and probably has made hundreds of thousands on One Coin not being a target, chances are very few others are going to get snagged.
Usually its the ones who control the bank accounts (in this case this guy Scott) and then the main owners of bank accounts and company paperwork, in this case Ruja, Konstantin and Greenwood who orchestrated the scam who are the main targets.
Taking a guess and this is extremely unfortuante and true in most of these cases that very few others will go down.
Let me try this again and see if I can make myself clearer on the point I was trying to make.
The Multi-National Criminal Investigation that is ongoing was looking into OneCoin for 3 specific issues: 1)an international large-scale pyramid structure for commercial fraud; 2)progressive customer recruitment; and 3)money laundering.
Scott, Konstantin and Ruja have all 3 have been charged with money laundering, one of the 3 issues the Multi-National Criminal Investigators are looking into OncCoin.
If Scott, Konstantin and Ruja are all found guilty of money laundering, then this makes the Multi-National Criminal Investigation into money laundering would prove money laundering took place.
In essence this makes their case for them. All it would take is for Mark Scott to be found guilty of money laundering, but now that Ruja and Konstantin have also been charged with money laundering, their convictions doom them in the investigation ongoing with the Multi-National Investigators.
There is a chance that the ongoing criminal investigation into OneCoin by the Multi-National investigators would file money laundering charges against Ruja, Konstantin and OneCoin.
There is also a chance they would just defer to the US to handle the case rather than bring charges too. But if they did, the US would take precedent and they would ask for the US Authorities to turn them over to them for trial after they had served their sentences in the US.
I hope that cleared up for you in what I was trying to say in my initial post.
Can anyone describe a ponzi scheme and illustrate Onecoin’s operation as a reflection of the aforementioned description please?
Then and only then I will I know how I have been scammed by their “ponzi.” PLEASE! It would probably help me to also understand inconsistencies in the diatribe. (Ozedit: derail attempts removed)
Sure. You invest in Ponzi points. Onecoin increases the internal value of the points based on nothing.
You cash out and OneCoin pays you with subsequently invested funds. New funds are used to pay existing investors.
Well, at least that’s how OneCoin ran until the Ponzi side of the business collapsed in Jan 2017.