Mar 092019
 

Konstantin Ignatov, one of the heads of the infamous OneCoin pyramid scheme, has been arrested on wire fraud charges.

U.S. prosecutors in New York have arrested a “top leader” of the OneCoin project, saying it stole “billions” from investors through an alleged pyramid scheme.

The U.S. Attorney for the Southern District of New York (SDNY) has indicted Ruja Ignatova and Konstantin Ignatov on charges of wire fraud, securities fraud and money laundering, claiming the two defrauded investors out of “billions of dollars” using a fraudulent cryptocurrency. Konstantin Ignatov was arrested on wire fraud charges at Los Angeles International Airport earlier this week as part of the investigation.

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