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OneCoin Co-Founder Escapes 90-Year Jail Term Following Court Settlement

Source Node: https://cointelegraph.com/news/onecoin-co-founder-escapes-90-year-jail-term-following-court-settlement
Time Stamp: August 7, 2020 4:37 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Konstantin Ignatov, co-founder of major cryptocurrency exit scam, OneCoin, initially faced up to 90 years in jail after pleading guilty in November 2019. Now, however, it seems that Ignotov is no longer one of the key defendants in legal actions brought by victims of the $4 billion scam, according to a report from Finance Magnates on Aug. 7.OneCoin investors representing plaintiffs Donald Berdeaux and Christine Grablis have agreed to settle with Ignatov.While the details of the court settlement remain unclear, court documents indicate that the case will continue to target