Beneath the Speedy Trial Act, the DOJ had till April twenty sixth to file an indictment or data pertaining to Konstantin Ignatov.
An April twenty sixth submitting reveals continues negotiations between Konstantin’s lawyer and the DOJ.
Ignatov, as head of the OneCoin Ponzi scheme, was arrested and charged with conspiracy to commit wire fraud final month.
A preliminary listening to, which was anticipated to supply an replace on Konstantin’s case, was scheduled for April twenty sixth.
On the identical day the DOJ filed an utility for an order of continuance.
In an affirmation supporting the order, an Assistant United States Legal professional writes;
Protection counsel and I’ve had discussions concerning a potential disposition of this case persevering with to as not too long ago as April 22, 2019.
The negotiations haven’t been accomplished and we plan to proceed our discussions, however don’t anticipate a decision earlier than the deadline beneath the Speedy Path Act expires on April 26, 2019.
The DOJ requested a thirty-day continuance, which was consented to by Konstantin and his lawyer.
The DOJ’s utility has been granted. Which means that pending disposition of the case, a preliminary listening to can be held on or round Could twenty seventh.
Concerning the potential disposition, no particulars of negotiations between the DOJ and Konstantin have been made public.
The next is pure hypothesis on my half.
It’s no secret that by the point Konstantin took the reigns of OneCoin the true criminals, comparable to his sister Ruja, had already fled.
Konstantin was nonetheless closely concerned in OneCoin and I doubt will be capable of negotiate his approach out of jail time, however there are greater fish to fry.
To that finish Konstantin’s connection to Ruja (keep in mind he had energy of lawyer), implies that he’s invaluable as a data asset.
If what Konstantin is aware of could be accessed as a part of a plea cut price, I’d think about that’d strengthen the DOJ’s case.
A part of that’s finally nabbing Ruja however keep in mind we don’t know what else the DOJ could be as much as.
An enormous query mark stays over the standing and site of the majority of the cash invested into OneCoin (final estimated to be round 4 billion).
As was revealed with the arrest of Mark Scott, Ruja didn’t launder the billions that was invested into OneCoin on her personal.
Pending disposition of Konstantin’s case or a scheduled late Could preliminary listening to, keep tuned…