OneCoin co-founder sentenced to 20 years in prison


One of the founders of the OneCoin cryptocurrency pyramid, Carl Sebastian Greenwood, was sentenced to 20 years in prison and a fine of $300 million, according to the US Attorney’s Office for the Southern District of New York.

Greenwood is accused of defrauding 3.5 million people and wasting more than $300 million on five-star resorts, villas, a private jet and a yacht. He previously pleaded guilty to wire fraud and money laundering.

The fraudulent scheme, founded by Bulgarian citizen Rudzha Ignatova together with Greenwood, operated from 2014 to 2016. The OneCoin project was positioned as a highly profitable cryptocurrency, in which investors received profit not only from the growth of the asset, but also from attracting new participants.

Greenwood was arrested in 2018 in Thailand. Ignatova’s whereabouts have been unknown since 2017. The damage from OneCoin’s activities is estimated at $4 billion.

Let us recall that in November 2019, the Southern District of New York court found OneCoin lawyer Mark Scott guilty of laundering almost $400 million.

In the spring of 2019, Konstantin Ignatov, the brother of the founder of the pyramid, was detained at Los Angeles airport. He subsequently pleaded guilty to several charges.

In February 2023, journalists reported the murder of Ignatova, who was on the Europol and FBI lists of most wanted criminals.

Later, the US Federal Prosecutor’s Office charged the former head of OneCoin’s legal department and compliance, Irina Dilkinskaya, with fraud and conspiracy to commit money laundering. She faces up to 40 years in prison.

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