Just read that Konstantin Ignatov, the brother of the fugitive OneCoin founder Ruja Ignatova, has been sentenced to a prison term. The interesting part: he had already pleaded guilty and cooperated with the authorities—yet he still received the full sentence of 34 months, which he had already served in jail.

The OneCoin disaster is simply unimaginable. U.S. District Judge Edgardo Ramos described it as a “massive fraud with hundreds of thousands of victims.” And that really is an understatement. From 2014 to 2016, the scammers allegedly generated 3.4 billion euros—using a cryptocurrency that never actually existed.

What struck me especially: Konstantin Ignatov even lied in court. He claimed that he had thrown his laptop away in a trash can in Las Vegas—which later turned out to be fabricated. At least he did testify against Mark Scott, the former lawyer of the Operation, who laundered 400 million dollars and received ten years.

The crazy thing is that most victims probably will never get their money back. The judge ordered Ignatov to forfeit 118,000 dollars, but that’s a drop in the bucket in light of the damages. This whole story once again shows why you should be extremely careful with unknown crypto projects—especially when the founders aren’t transparent or the technology can’t be verified.