OneCoin CEO Konstantin Ignatov is
scheduled to be sentenced
on May 14th, 2021.

In the meantime, a January 28th filed appearance bond reveals Ignatov has been released on a $500,000 surety.

On the surface, a half million bond seems a bit low for criminal charges relating to a
$4+ billion Ponzi scheme
.

Since his
arrest in early 2019
however, Ignatov (right) has been assisting US authorities in OneCoin related criminal cases.

If I had to guess, Ignatov’s ongoing cooperation factored heavily into his release.

The $500,000 was paid by Ivan Iochkolovsky (aka Ivan Yochkolovski) and Draga Lambreva. Names I’m not familiar with.

Going back two years, Crypto Xpose
cited documents
revealing Iochkolovsky met Ignatov in a gym a year prior to his arrest.

Draga Lambreva
is Iochkolovsky’s mother.

As per the terms of Ignatov’s filed Appearance Bond, he is required to

appear at all future court hearings

surrender himself for sentencing

surrender his passport

remain in home incarceration in the Southern District of New York with location monitoring

Although he’s yet to be sentenced, we know Ignatov’s plea deal
includes entry into the witness protection program
.

One side effect of Ignatov’s cooperation has been the continual push-back of his sentencing.

I could be wrong but I suspect Ignatov won’t be sentenced until
Mark Scott
and 
Gilbert Armenta
(possibly David Pike too) have been sentenced.

Armenta is up for sentencing on April 2nd. Scott for June 14th.

Such to the extent Ignatov might be utilized in Sebastian Greenwood’s case we don’t know. That would push Ignatov’s sentencing back even further.

🤖 Quick Answer

Who is Konstantin Ignatov and what are the charges against him?
Konstantin Ignatov is the CEO of OneCoin, a cryptocurrency scheme that defrauded investors of over $4 billion. He was arrested in early 2019 and faces criminal charges related to operating this Ponzi scheme. Following his arrest, Ignatov began cooperating with US authorities in OneCoin-related criminal investigations.

Why was Ignatov released on a relatively low bond amount?
Despite the magnitude of the fraud, Ignatov was released on a $500,000 surety bond in January 2021. His cooperation with US law enforcement authorities in OneCoin criminal cases significantly influenced the court's decision to grant his release at this lower bond amount.

Who posted Ignatov's bail bond?
The $500,000 bond was paid by Ivan Iochkolovsky

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