OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison
OneCoin stands as one of the largest fraud schemes in history. Using multilevel marketing and a Ponzi scheme, the fraudsters extracted $4 billion from unsuspecting victims.
Greenwood has been in custody since 2018 after being extradited from Thailand. In December, he pleaded guilty to fraud and money laundering charges, originally facing a potential 60-year sentence.
Reports suggest he made over $300 million through a 5% commission on all OneCoin sales.
The pyramid scheme's mastermind, Ruja Ignatova, disappeared in October 2017 and is now on the FBI's top 10 most wanted list.
Rumors suggest she might have been murdered on a yacht in 2018. For more details on this story, refer to our article.
Reports suggest he made over $300 million through a 5% commission on all OneCoin sales.
The pyramid scheme's mastermind, Ruja Ignatova, disappeared in October 2017 and is now on the FBI's top 10 most wanted list.
Rumors suggest she might have been murdered on a yacht in 2018. For more details on this story, refer to our article.
