Crypto Queen’s Brother Admits $4 Billion Onecoin Scam. His Reward? A US Passport

  • Of the estimated $4 billion generated from the OneCoin cryptocurrency scam, the founder took in more than an eighth of that.
  • Bulgarian national Ruja Ignatova, the founder of OneCoin, has disappeared without a trace.
  • Konstantin Ignatov’s testimony has been highly damaging to his sister and other OneCoin figures.

The arrest of OneCoin leader Konstantin Ignatov earlier this year has proved to be a goldmine for prosecutors in the Southern District of New York. Ignatov has offered intricate details on the $4 billion cryptocurrency scam that was started by his sister Ruja Ignatova, infamously known as the ‘Crypto Queen’.

His testimony has not only implicated his sister but also other senior operatives of the criminal scheme. But this could come at a cost to his life and that of his nearest and dearest.

Cryptocurrency scam ringleader in plea deal

With this in mind, the plea deal reached to ensure his cooperation guarantees him witness protection if Ignatov’s life is deemed to be in danger. All that the OneCoin leader has to do is make a request in writing and he will be placed under the U.S. Marshals Service Witness Security Program.

The Website of the US Marshals Service witness protection program

The plea agreement with the United States Attorney Southern District of New York reads thus:

It is understood that Ignatov’s truthful cooperation with this office is likely to reveal activities of individuals who might use violence, force, and intimidation against Ignatov, his family, and loved ones. Should Ignatov’s cooperation present a significant risk of physical harm, this Office, upon the written request of Ignatov, will take steps that it determines to be reasonable and necessary to attempt to ensure his safety and that of his family and loved ones.

Without the plea deal Konstantin Ignatov would have left jail at 123 years

Per the plea agreement, the steps that are likely to be taken to ensure his safety include he and his family being…

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