Crypto News and Exchange Portal

‘Cryptoqueen’ Boyfriend Sentenced to Five Years in Prison for Laundering $300,000,000 in Crypto – The Daily Hodl


Get real time updates directly on you device, subscribe now.

The ex-boyfriend of the infamous “Cryptoqueen” has been sentenced to five years in prison for laundering hundreds of millions of dollars.

A new report by Bloomberg Law says that Gilbert Armenta, the former boyfriend of fugitive Ruja Ignatova, who is wanted for allegedly masterminding a crypto Ponzi scheme called “OneCoin,” has been sentenced to five years in prison for laundering $300 million in digital assets.

According to official court documents, Armenta was arrested in 2017 and was fully cooperative with authorities, eventually pleading guilty and helping investigators indict other bad actors as well.

“Among other things, Mr. Armenta immediately provided the investigators with access to his email accounts, and permitted the investigating agents to conduct a consent search of his business office at night to avoid any leak of the investigation.

At the time of guilty pleas several months later, the supervising prosecutors characterized Mr. Armenta’s ongoing cooperation efforts as ‘extraordinary.’ Those efforts resulted in the indictment of both co-founders of OneCoin (including the original CEO), and the subsequent CEO as well, among others…

As a direct or indirect result of his cooperation, at least 14 defendants were indicted.”

The records also indicate Armenta forfeited over $40 million and that eight people have been convicted of crimes thus far due to his cooperation.

OneCoin was launched in 2014 as an international multi-level marketing company that dubbed itself as the “Bitcoin killer,” but was eventually ousted as a scam that defrauded $4 billion from investors.

Its founder, Ignatova, disappeared in 2017 after going to Greece and is currently wanted by many law enforcement agencies, including the U.S. Federal Bureau of Investigation (FBI).

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/EB Adventure Photography

Credit: Source link

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Translate »