OneCoin co-founder Greenwood will get 20 years in US jail for fraud, cash laundering

Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced in the US to twenty years in jail and ordered to pay $300 million on Sept. 20. Ignatova stays at giant.

Greenwood, who’s a citizen of the UK and Sweden, was sentenced within the U.S. District Court docket for the Southern District of New York. In an announcement by the Justice Division, U.S. Legal professional Damian Williams known as OneCoin “one of many largest fraud schemes ever perpetrated.” The multilevel advertising and marketing and Ponzi scheme reaped $4 billion from 3.5 million victims, the assertion mentioned, including:

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