Co-Founder of Infamous Ponzi Scheme OneCoin Gets 20 Years Jail Sentence (Report)


17 Sep 2023 8:15 PM

While Cryptoqueen's whereabouts remain unknown, more OneCoin former executives are serving prison sentences....

  • Karl Sebastian Greenwood, co-founder of OneCoin and accomplice to Ruja Ignatova, also known as "Cryptoqueen," has been sentenced to 20 years in prison for his involvement in the crypto scam.
  • Greenwood allegedly made $300 million from the Ponzi scheme and used the money for personal luxuries.
  • He purchased properties in Thailand, Spain, and Dubai, went on luxury trips using a private jet, and made a down payment on a yacht.
  • Greenwood was arrested in Thailand in 2018 and extradited to the United States.
  • He pleaded guilty to his crimes and begged for leniency, citing harsh conditions during his detention.
  • The OneCoin project, founded by Ignatova, stole over $4 billion from investors worldwide.
  • Ignatova, who was included in the FBI's Ten Most Wanted Fugitives list, is rumored to have been murdered in 2018.
  • Another OneCoin executive, Irina Dilkinska, is facing charges in the United States and could receive a maximum of 40 years in prison.
  • Ignatova's ex-boyfriend, Gilbert Armenta, received a five-year prison sentence for promoting OneCoin and laundering money.

The article discusses the sentencing of Karl Sebastian Greenwood for his involvement in the OneCoin crypto scam. It also mentions the alleged murder of Ruja Ignatova, the founder of OneCoin. The overall sentiment of the article is negative, highlighting the fraudulent activities and legal consequences faced by those involved in the scam.

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You May Ask

Who is Karl Sebastian Greenwood and what was his role in the OneCoin project?How much money did Greenwood make from the Ponzi scheme, and how did he spend it?Where was Greenwood arrested, and what were the charges against him?What is the total amount of money stolen by the OneCoin project?What are the allegations against Irina Dilkinska, another OneCoin executive, and what is the potential punishment she could face?

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