
OneCoin trial sentencing deferred 6 months for ‘cooperation’
Konstantin Ignatova had been due for sentencing on July 8, which at the time was extended for a period of a further four months.
Konstantin Ignatova had been due for sentencing on July 8, which at the time was extended for a period of a further four months.
Konstantin Ignatov is facing a maximum prison sentence of 90 years, but the court deferred sentencing without imposing a future date.
The New York Southern District Court has approved a motion submitted by the U.S. government to adjourn sentencing for Konstantin Ignatov.
Ignatov was set to face 90 years in prison, but is cooperating and this could reduce his sentence.
The alleged head of a Ponzi scheme was denied bail after the court deemed he has the resources and connections needed to run from the law.