What happened to the OneCoin scammers?
OneCoin was indeed a notorious cryptocurrency scam that rocked the crypto world. Ruja Ignatova, who was the founder, disappeared in 2017 and remains at large. However, her brother, Konstantin Ignatov was arrested in March 2019 and after pleading guilty to several charges, gave substantial assistance to authorities. He agreed to testify against his sister. As for the rest of the involved parties, two high-ranking OneCoin associates, Mark Scott and Sebastian Greenwood, were arrested in 2018 and 2020 respectively. Scott was found guilty of laundering almost $400 million on behalf of Ignatova and was sentenced to 50 years in prison. Greenwood's case is still pending in the US courts. Many other countries like China, India, and Italy, to name but a few, have also carried out arrests and charged several individuals associated with OneCoin. Despite these law enforcement actions, some OneCoin activities continue, largely in Africa and Asia. Therefore, whilst some of the scammers have been caught and prosecuted, other chapters of the OneCoin case remain open.