Konstantin Ignatov’s preliminary listening to went forward as scheduled on Might twenty eighth.
In his capability as “the highest chief” of OneCoin, the DOJ charged Ignatov with conspiracy to commit wire fraud again in March.
As per the Minute Entry for the listening to, Ignatov has plead not responsible to the cost.
Through the listening to Ignatov additionally waived prosecution by indictment, which means prosecutors didn’t should acquire an indictment by way of grand jury.
That is seemingly tied to the request for a continuance final month, nonetheless we don’t know precisely what went down between Ignatov’s lawyer and the DOJ.
Had a deal been reached, Ignatov would have presumably waived prosecution by indictment in alternate for a responsible plea.
This is able to have been in his finest pursuits, as an indictment may need resulted in additional critical fees.
Ignatov’s not responsible plea suggests no matter negotiations may need been going down are off the desk for now.
Wanting ahead a Standing Convention has been scheduled for June sixth. Ignatov will stay in detention till then. Keep tuned…