OneCoin founder could be sentenced to 60 years in prison

Carl Sebastian Greenwood, co-founder of one of the largest cryptocurrency pyramids OneCoin, pleaded guilty to several cases of fraud and money laundering. He faces up to 60 years in prison. The U.S. Department of Justice announced that Carl Sebastian Greenwood pleaded guilty in a Manhattan court. He stated that he was involved in electronic fraud and the organization of a criminal group for the purpose of money laundering.. Under US law, Greenwood faces up to 20 years in prison for each such crime. As U.S. Attorney Damian Williams pointed out, Greenwood “participated in one of the largest international financial criminal schemes.”. As part of the OneCoin project, scammers called their token a “bitcoin killer,” although, according to the prosecutor, their token was “completely worthless.” According to American law enforcement agencies, Greenwood received $ 21 million a month for participating in a pyramid scheme.. He acted as the “global head of distribution” of funds. The OneCoin pyramid has become one of the largest in history – the total loss of investors amounted to $ 4 billion. Note that quite a lot of people participated in the creation of OneCoin. For example, the main participant in the scheme, Ruzha Ignatova, was never found. But her brother Konstantin Ignatov and accomplice Christopher Hamilton, the police were able to arrest.