Executive Director of Multi-billion Scams Developed Through Crypto Currency OneCoin, Constantine Ignatov, will have to be tried in custody.
The measure was issued by the Southern District Court in New York via Edgard Ramos, dismissing the bail for Ignatov's $ 20 million bail. Ignat has been charged with electronic fraud, a crime that could lead him to 20 years in prison.
Despite the attractive conditions proposed by the defense of the defendant, such as payment of armed guards accounts 24 hours a day to ensure that he does not escape, the $ 1 million warrant and the use of GPS, the judge did not accept such a petition for which Ignatov had to undergo a trial in prison.
Accessing your limited residence with government approval and avoiding the use of your computer or cell phone were other conditions that the defense tried to make during the bailout proposal.
The US government considered that such conditions were not a guarantee that Ignatov would not escape and the judge stated that release of the warrant is not a guarantee that it will not cause further damage, given that the OneCoin system is still working.
The head of the scheme is also accused of lying more often on government officials and therefore finds that he can not be trusted to comply with the terms of release. Some of these government officials were American border guards and customs officers.
The US authorities also noted that the founder of OneCoin and Ignat's sister Ruja Ignatova disappeared after they filed charges against her.
At the hearing it was also stated that Ignatov has links with countries that have not signed extradition agreements with the United States. It is therefore important to use a long list of countries such as Uganda, where Ignatov himself documented his travels last year or Samou where OneCoin had a significant presence thanks to ecclesiastical podcasts on the ponies scheme. in consideration of Judge Ramos.