One of the essential figures of the OneCoin Ponzi scheme has been sentenced to twenty many years in prison by the United States, as effectively as a large fine.
The two founders of OneCoin are Ruja Ignatova (left) and Karl Sebastian Greenwood (proper)
On September twelve (US time), the Southern District Court of New York (USA) sentenced Karl Sebastian Greenwood (46 many years previous, Swedish nationality) to twenty many years in prison for participating in the organization of the OneCoin Ponzi conspiracy, attracting up to three.five million participants with contributions of up to $four.three billion.
Furthermore, Mr. Greenwood was also needed to pay out a fine of $300 million, corresponding to the quantity of cash illegally earned from OneCoin, which was made use of to buy yachts, personal jets and serious estate in Spain, Dubai and Thailand. This man or woman was arrested in Thailand in 2018 and extradited to the United States, then pleaded guilty to wire fraud and cash laundering.
Mr. Karl Sebastian Greenwood founded OneCoin in 2014 with Ms. Ruja Ignatova, the primary founder of OneCoin, and his whereabouts are even now unknown. The businesswoman identified as the “queen of cryptocurrencies” took a flight to Greece in 2017 and has because disappeared. Ms. Ignatova is presently on the FBI’s most desired checklist.
OneCoin organizers normally evaluate this currency with Bitcoin, claiming that it is superior and will 1 day surpass BTC. However, there was a multi-degree model behind the scheme and there was an component of fraud from the starting, US prosecutors stated.
Last week, a Turkish court sentenced Faruk Fatih Özer, the founder of cryptocurrency exchange Thodex who intentionally absconded with cash in 2021, to an “unthinkable” sentence of up to eleven,196 many years, ten months and 15 days in prison.
Meanwhile, the cryptocurrency local community is even now awaiting the trial of Sam Bankman-Fried on eight counts of fraud and racketeering relevant to the collapse of the FTX exchange, which is scheduled to start on October three.
Join the discussion on the hottest concerns in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!