The Cryptoqueen's Accomplice Walks Free: Konstantin Ignatov's Prison Release

robot
Abstract generation in progress

Well, well, well... another crypto scammer gets a slap on the wrist! Konstantin Ignatov - brother of the infamous "Cryptoqueen" Ruja Ignatova - just walked out of prison after serving time for his role in the $4 billion OneCoin fraud. Judge Edgardo Ramos set him free on March 5 after he pleaded guilty to helping orchestrate one of the biggest crypto scams in history.

I was there when OneCoin was making waves, watching innocent investors pour their life savings into this pyramid scheme. Starting as his sister's "personal assistant" (more like apprentice scammer), Konstantin quickly climbed the ladder of deceit. When Ruja vanished in 2017, he didn't hesitate to take the reins and become the kingpin of this massive fraud operation.

What's truly infuriating is how he manipulated the system! Sure, he testified against Mark Scott (the lawyer who laundered $400 million), but only after getting caught in his own web of lies. He literally confessed to lying under oath about discarding his laptop! Yet the judge still deemed him worthy of freedom.

Meanwhile, Scott got 10 years and had to forfeit $392 million. Greenwood, the co-founder, got 20 years for his $300 million profit. But Konstantin? Just 34 months (which he'd already served) and a measly $118,000 forfeiture. Pocket change compared to what they stole!

The real mastermind, Ruja, remains at large since 2017. Some say a drug lord killed her in 2018, but I'm skeptical. These types always find a way to enjoy their ill-gotten gains while their victims suffer.

This isn't justice - it's a mockery of everyone who lost their money to OneCoin. Our system treats white-collar criminals with kid gloves while the average Joe gets hammered for much less. And tomorrow, another crypto scam will emerge, promising the moon while delivering nothing but empty wallets and broken dreams.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)