Co-founder of fake cryptocurrency scheme sentenced to 20 years in US prison

Published by

By Kanishka Singh and Jody Godoy (Reuters) -A federal judge in New York sentenced the co-founder of the purported cryptocurrency OneCoin to 20 years in prison on Tuesday for what prosecutors called a $4 billion fraud. U.S. District Judge Edgardo Ramos in Manhattan sentenced Karl Sebastian Greenwood, a dual citizen of Sweden and the United Kingdom, who pleaded guilty to fraud and money laundering charges in December 2022. Ramos also ordered Greenwood to forfeit $300 million. Greenwood has been detained in New York since his 2018 arrest in Thailand and extradition to the United States over his r…

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.