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Karl Greenwood, Co-Founder of OneCoin Pyramid Scheme, Sentenced to 20 Years in Prison, $300M Forfeiture

September 13, 2023
in Crypto Updates
Reading Time: 1 min read
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OneCoin started in Bulgaria in 2014, branding itself as a cryptocurrency and telling traders that the token could possibly be mined and had actual worth. In actuality, it didn’t exist on the blockchain and was a pyramid scheme by which traders had been rewarded for bringing in new members. OneCoin is estimated to have defrauded greater than $4 billion from not less than 3.5 million victims.

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Tags: 300MCofounderForfeitureGreenwoodKarlOneCoinPrisonPyramidSchemeSentencedYears
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