Karl Sebastian Greenwood was arrested in Thailand and extradited to the United States in 2018 for his role in the sale of the alleged OneCoin cryptocurrency.
The co-founder of OneCoina fake cryptocurrency scheme, which had pleaded guilty to fraud and money laundering charges in the United States late last year, He was sentenced to 20 years in prisonThe US Department of Justice said in a statement.
Karl Sebastian Greenwood was arrested in Thailand and extradited to the United States in 2018 for his involvement in the sale of the alleged OneCoin cryptocurrency. which federal prosecutors in Manhattan called a Ponzi scheme and defrauded investors of $4 billion.
OneCoin was promoted as a cryptocurrency with a private blockchain. It was managed by the offshore companies OneCoin Ltd. (Dubai) and OneLife Network Ltd. (Belize), both directed by the Bulgarian Ruja Ignatova.
Ruja Ignatova disappeared in 2017 and was replaced by her friend Konstantin Ignatov around the time a secret US warrant for her arrest was filed.
Most of the top leaders disappeared or were arrested. Konstantin Ignatov was arrested in March 2019 and Sebastian Greenwood in 2018. In 2019, Konstantin Ignatov pleaded guilty to money laundering and fraud, and could face up to 90 years in prison.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
