One of many co-founders of the $4 billion OneCoin crypto pyramid scheme has been sentenced to twenty years in jail.
Karl Sebastian Greenwood co-founded the notorious fraud with Ruja Ignatova, broadly generally known as the “Cryptoqueen.”
Greenwood and Ignatova began OneCoin in 2014 and operated the corporate as a multi-level advertising and marketing (MLM) community. They falsely claimed the venture maintained a non-public blockchain, and the fraud reportedly lured in additional than 3.5 million victims.
Greenwood, a citizen of the UK and Sweden, was additionally ordered to pay greater than $300 million price of forfeiture, in line with a brand new press launch from the U.S. Division of Justice (DOJ).
Ignatova, the chief of the rip-off, has been a fugitive since 2017 and was positioned on the FBI’s Ten Most Needed listing in 2022. A February report from BIRD, a Bulgarian investigative journalism outlet, indicated she could have been murdered on the order of identified drug lord Hristoforos ‘Taki’ Amanatidis.
BIRD cited paperwork discovered on the residence of a former high Bulgarian police officer, Lyubomir Ivanov, after he was murdered final 12 months. Nonetheless, the report’s data is just not authenticated and the small print about Ignatova’s dying stay the topic of hypothesis.
The FBI says it is going to pay out a $100,000 reward for data resulting in Ignatova’s arrest.
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