Inner City Press

In Other Media-eg New Statesman, AJE, FP, Georgia, NYTAzerbaijan, CSM Click here to contact us     .

These reports are usually available through Google News and on Lexis-Nexis

Share |   

Follow on TWITTER

Home -

These reports are usually available through Google News and on Lexis-Nexis


(FP Twitterati 100, 2013)

ICP on YouTube

More: InnerCityPro
Sept 24, 2013

UN: Sri Lanka


FOIA Finds  

Google, Asked at UN About Censorship, Moved to Censor the Questioner, Sources Say, Blaming UN - Update - Editorial

Support this work by buying this book

Click on cover for secure site orders

also includes "Toxic Credit in the Global Inner City"




Bank Beat

Freedom of Information

How to Contact Us

In OneCoin Trial Konstantin Ignatov Pled To Bank Fraud So Defense Asks Which FDIC Bank

By Matthew Russell Lee, Patreon, Thread

SDNY COURTHOUSE, Nov 7 – After OneCoin's Konstantin Ignatov got a stay of the civil case against him, his criminal case was said to have been kicked down the road for at least another two months.

It was a productive two months, at least for the U.S. Attorney's Office.

On November 7 in the case against accused OneCoin money launderer Mark Scott Konstantin Ignatov for the third and last day took the witness stand, in prison blues with his neck and arm tattoos, as a cooperating witness.

  Scott's lawyer Arlo Devlin-Brown zeroed in on Konstantin Ignatov's guilty plea to bank fraud, asking him to name which FDIC insured bank he had provided false information to.

  Ignatov could not name a US bank, only United Bank of Dubai.

"No further questions," Devlin-Brown told Judge Ramos.

  Inner City Press has asked the US Attorney's Office when it was that Konstantin Ignatov pled guilty, since he gave no indication of such a plea in a September 6 status conference that Inner City Press covered, and has asked if it was before Judge Ramos, and if it was sealed.

  The government's next witness was the anti money laundering expert Donald Semesky. Inner City Press will continue to cover the trial. November 7 thread here.

  On November 6 Konstantin Ignatov testified that the bodyguards to took Ruja on her final public trip told him she was met by "Russian guys," and that Ruja had told him that in Russia she knew a rich and powerful person. More on Patreon, here.

  November 6 came to an end in the trial with Scott's lawyer Arlo Devlin-Brown cross examining Konstantin in detail about his one and only in person meeting with defendant Mark Scott, when he visited OneCoin's headquarters in Sophia, Bulgaria. Inner City Press will have more on this as the trial continues on November 7.

  Back on November 4 before jury selection, in oral arguments Scott's lawyers asked Judge Ramos to not allow into evidence information and chats found on a Samsung Galaxy smart phone for which Mark Scott paid but was used by his wife, with a Russian keyboard. Judge Ramos declined to suppress it.

  It also emerged that still-missing Ruja Ignatova rented space underneath cooperator Gilbert Armenta to listen in on him. More on that and on jury selection (which included questions on multi level marketing) is on Patreon, here.

On Monday, October 28 in a two hour pre-trial conference covered by Inner City Press, Judge Ramos said that the government can show photos of Scott with a yacht and cars that he purchased.

  The government said the trial will take two to three weeks.

The case is US v. Scott / Ignatov, 17-cr-630 (Ramos).

 More on Patreon, here.


Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron.

Feedback: Editorial [at]
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA

Mail: Box 20047, Dag Hammarskjold Station NY NY 10017

Reporter's mobile (and weekends): 718-716-3540

Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.

 Copyright 2006-2019 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] for