DOJ: OneCoin Co-Founder Pled Guilty To Wire Fraud And Money Laundering

According to the Department of Justice, Karl Sebastian Greenwood admitted guilt to wire fraud and money laundering charges related to the fraudulent OneCoin scheme.

In 2014, Greenwood and the fugitive “Crypto Queen” Ruja Ignatova co-founded OneCoin, according to OneCoin’s promotional materials, over three million people invested in fraudulent cryptocurrency packages. Subsequently, the two ran a multibillion-dollar worldwide fraud.

Greenwood and his co-conspirators, including fugitive Ruja Ignatova, conned unsuspecting victims out of billions of dollars, claiming that OneCoin would be the ‘Bitcoin killer.’  In fact, OneCoins were entirely worthless.

said U.S. Attorney Damian Williams

In emails between Ignatova and Greenwood, there is evidence of a scheme to defraud investors. The two plotted as they communicated in order to mimic volatility and fix exchange rates.

Take the money and run and blame someone else for this. These ppl are idiots, as you told me, the network would not work with intelligent people ;).

email between GREENWOOD and IGNATOVA

The firm records show that, between the fourth quarter of 2014 and the fourth quarter of 2016 alone, OneCoin generated €4.037 billion in sales revenue and earned “profits” of €2.735 billion.

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Thana

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