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, extensively often called 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 undertaking maintained a personal 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 keeping with a brand new press release 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 record in 2022. A February report from BIRD, a Bulgarian investigative journalism outlet, indicated she could have been murdered on the order of recognized drug lord Hristoforos ‘Taki’ Amanatidis.
BIRD cited paperwork discovered on the dwelling of a former high Bulgarian police officer, Lyubomir Ivanov, after he was murdered final yr. Nonetheless, the report’s info will not be authenticated and the main points about Ignatova’s dying stay the topic of hypothesis.
The FBI says it’s going to pay out a $100,000 reward for info resulting in Ignatova’s arrest.
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