OneCoin Co-Founder Sentenced to 20 Years in Prison for Defrauding Investors!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 13, 2023 0:18

Karl Sebastian Greenwood, a co-founder of OneCoin, has been sentenced to twenty years in jail and ordered to pay a $300 million wonderful for defrauding traders with the cryptocurrency. OneCoin was marketed as a digital foreign money however was in actuality a pyramid scheme that tricked traders out of billions of {dollars}. Greenwood, together with co-founder Ruja Ignatova, satisfied folks to put money into OneCoin with guarantees of excessive returns. Ignatova continues to be lacking, and authorities are trying to find her.