Sentencing for the co-founder of the major crypto scam OneCoin has been postponed for a farther 3 months at the asking of the United States government.

On April vii, the New York Southern District Courtroom canonical a move to adjourn the sentencing control date for Konstantin Ignatov, brother and accomplice of OneCoin co-founder and current fugitive Ruja Ignatova, a.one thousand.a the "Cryptoqueen."

Originally fix for April 8, Ignatov's sentencing engagement volition now take identify on July viii, 2022.

Ignatov's cooperation as a witness

As reported, OneCoin is among the industry's about infamous exit scams. Founded in 2022, the Republic of bulgaria-based firm remained fully operational until belatedly November 2022, despite ongoing criminal proceedings in the wake of allegations that information technology had fraudulently raised at least 4 billion euro ($iv.4 billion) in a Ponzi scheme.

Following his arrest at Los Angeles International Aerodrome in March 2022, Ignatov pled guilty to participating in the multi-billion dollar fraud in fall 2022. He faces up to 90 years in jail.

With his sister yet on the run, he has served as a cooperating witness in the trial against Mark Scott, the lawyer who allegedly helped launder almost $400 million via the scam.

In its April half-dozen letter, the U.South. government claimed that Ignatov's cooperation was "non yet complete." Also as requesting adjournment, the government sought to unseal a series of documents and noted that the defense force had consented to its application.

Persistent allegations

As reported, Ignatov has previously testified that after his sis had fled, the security personnel who accompanied her told him that she had met with Russian speakers. One investigative journalist has since alleged that Ignatova claims to have the support and protection of an unnamed "rich and powerful" Russian individual.

In November 2022, Mark Scott was establish guilty of helping Ignatova to launder the sick-gotten OneCoin funds via a wide network of fake companies, offshore bank accounts and sham investment schemes.