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Wait, Konstantin Ignatov just got released from prison? The OneCoin guy? Honestly didn't think I'd see the day when these people started walking free after that whole $4 billion fraud disaster.
So basically Konstantin Ignatov and his sister Ruja ran this massive crypto scheme that scammed millions of people. When Ruja disappeared in 2017, Konstantin Ignatov took over the whole operation as the de facto leader. The guy pleaded guilty to everything and got 34 months, which he's already served, so he walked on March 5.
What's wild is how many people from OneCoin are facing serious time. Karl Greenwood, one of the co-founders, got 20 years and literally made $300 million from the scheme before getting caught. The OneCoin lawyer Mark Scott got 10 years for laundering $400 million. And Konstantin Ignatov has to forfeit $118,000 plus two years supervised release.
The crazy part? Ruja Ignatova is still missing. She's been on the FBI's Ten Most Wanted list since 2017, and people are saying she might have been killed by some drug lord back in 2018. If that's true, she got away with running one of the biggest crypto frauds ever without facing trial.
This whole OneCoin thing was absolutely insane when you look at the scale of it.