Stipulation dismissing OneCoin victims’ claims against Konstantin Ignatov secures Court approval
The leader of the fraudulent cryptocurrency scheme agrees to truthfully and fully provide information and documentation concerning the subject matter of the plaintiffs’ claims, OneCoin, and the remaining defendants in this case.
Judge Valerie E. Caproni today signed an order terminating Konstantin Ignatov as a defendant in the lawsuit brought by victims of fraudulent cryptocurrency scheme OneCoin.
According to the stipulation of voluntary dismissal, the plaintiffs agree that their action is dismissed and discontinued without prejudice solely as to defendant Konstantin Ignatov. The Stipulation of Voluntary Dismissal is not intended to, and shall not have, any effect on any claims asserted by any other parties to this litigation, or the defenses to those claims.
Konstantin Ignatov will make himself available to the plaintiffs’ counsel as expediently as possible to be debriefed and will truthfully and fully provide information and documentation to the best of his abilities concerning the subject matter of Plaintiffs’ claims, OneCoin, and the remaining defendants in this case. The United States Attorney’s Office for the Southern District of New York shall be notified in advance by Plaintiffs’ counsel of any such debriefing and have the right and ability to participate and attend.
If called upon, Mr. Ignatov will agree to testify on behalf of Plaintiffs at a trial or other court proceeding without invoking his Fifth Amendment protections as they apply to facts already acknowledged in the related criminal case upon the conclusion of his cooperation with the U.S. Attorney’s Office for the Southern District of New York, or upon their approval, whichever occurs first.
If Konstantin Ignatov makes good faith efforts to provide complete and accurate information and documentation to the best of his abilities and otherwise complies with the terms set forth herein, this stipulation of discontinuance will be construed as a dismissal with prejudice in full satisfaction of Plaintiffs’ claims.
The plaintiffs in this case represent all individuals and entities who transferred to the OneCoin defendants, directly or indirectly, any fiat currency or cryptocurrency to invest in OneCoin Trader Packages or OneCoins from April 2014 through to and including March 2018 and who suffered financial injury as a result thereof.
Lead Plaintiff Donald Berdeaux and plaintiff Christine Grablis allege in the First Amended Class Action Complaint claims under the federal securities laws and common law against key operators of OneCoin Ltd. and certain of their enabling co-conspirators arising from a massive fraud perpetrated on millions of individual investors throughout the world causing injuries in excess of $4 billion through a densely-packed multi-level-marketing system.
Early in 2020, the plaintiffs dropped their claims against two other defendants – Irina Andreeva Dilinska and Sebastian Greenwood.
