News Explorer — OneCoin Co-Founder Jailed for 20 Years, Forfeits $300M

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Sep 13, 10:05 am

Coindesk

OneCoin Co-Founder Jailed for 20 Years, Forfeits $300M

Karl Greenwood, one of the founders of the OneCoin pyramid scheme, has been sentenced to 20 years in prison and ordered to forfeit $300 million for his role in the fraudulent project. OneCoin, which claimed to be a cryptocurrency, defrauded over $4 billion from millions of victims. Greenwood was the global master distributor and leader of the MLM network that marketed and sold the fake cryptocurrency.

Karl Greenwood, one of the founders of the OneCoin pyramid scheme, has been sentenced to 20 years in prison and ordered to forfeit $300 million for his role in the fraudulent project. OneCoin, which claimed to be a cryptocurrency, defrauded over $4 billion from millions of victims. Greenwood was the global master distributor and leader of the MLM network that marketed and sold the fake cryptocurrency.

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