Co-Founder of Infamous Ponzi Scheme OneCoin Gets 20 Years Jail Sentence (Report)

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While Cryptoqueen's whereabouts remain unknown, more OneCoin former executives are serving prison sentences.

While Cryptoqueen’s whereabouts remain unknown, more OneCoin former executives are serving prison sentences.

Ignatova, who was included in the Federal Bureau of Investigations Ten Most Wanted Fugitives list, is rumored to have been murdered in 2018.According to Bloomberg, Swedish citizen Karl Sebastian Greenwood wason Tuesday, Sept. 11, in New York. Greenwood was the main promoter of the OneCoin project, with prosecutors alleging that he made $300 million from the Ponzi scheme, using part of the money to spend on luxuries such as designer clothes and a down payment on a Sunseeker yacht.

The executive later begged for leniency from the court, admitting that he knowingly promoted OneCoin, which was used to defraud unsuspecting victims. Greenwood also claimed that he suffered extremely harsh conditions while being detained in Thailand and the US and pleaded guilty to his crimes in December 2022.

 

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