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OneCoin Court Case – Konstantin Ignatov released while convicted lawyer Mark S. Scott had to report to US Bureau of Prison

Last updated on April 7, 2020

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Matthew Russell Inner City Press
Matt Russell of Inner City Press

In the last week, a lot has happened in the United States in the case of the OneCoin crypto scam. As in the past, Matthew “Matt” Russel and his Inner City Press reported out of the courtrooms of the U.S. District Court Southern District of New York (SDNY). Some things are quite remarkable in the ongoing OneCoin court case. Based on the Inner City Press’ coverage of the restaurant visits of convicted and bail released Mark S. Scott, he had to report to the U.S. Bureau of Prisons on March 13. Allegedly, Assistant US Attorney Chris Demase read about Scott’s behavior in the Inner City Press blog post and it was proved by GPS information from Scott’s location monitoring ankle bracelet.

US lawyer Mark S. Scott
Convicted US OneCoin lawyer Mark S. Scott

Allegedly, the US prosecutors would have been horrified that the US lawyer Mark S. Scott was moving so freely. Following his conviction for money-laundering and bank fraud in connection with the OneCoin scam on November 21, 2019, Scott is currently awaiting sentencing scheduled for April 22, 2020. He has been released on bail after the conviction. It’s not yet clear whether Scott has been prisoned after the exposure of his behavior.

Konstantin Ignatov
Former OneCoin CEO Konstantin Ignatov released from prison

While Scott apparently is facing a pre-sentencing prison term until sentencing, Konstantin Ignatov, the former OneCoin CEO and younger brother of crypto-queen and OneCoin co-founder Ruja Ignatova, was apparently released on bail on the very same March 13, 2020. Ruja Ignatova vanished in October 2017 and remains at large.

It is known that Konstantin Ignatov has made a plea deal with the US prosecution and testified against his sister and also Mark S. Scott. Igantova’s OneCoin co-founder Sebartian Greenwood has been arrested in 2018 in Thailand and extradited to the United States. Currently, we have no information on the trial date. Evidently, Ignatov delivered sufficient information to the US prosecutors to have him released on bail. Anyway, we can be curious about the further development of this case.

Matt has also reported on Inner City Press that operations in the SDNY courtrooms are also affected by CoV-19 pandemic.

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