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$4B OneCoin scam co-founder pleads guilty, faces 60 years jail

Published 12/19/2022, 12:41 AM
Updated 12/19/2022, 02:40 AM

Karl Sebastian Greenwood, the co-founder of the multi-billion dollar fraudulent cryptocurrency scheme OneCoin has pleaded guilty to multiple charges brought forward by the United States Department of Justice (DOJ) and faces a maximum of 60 years in prison.

The DOJ announced on Dec. 16 that Greenwood submitted a guilty plea in a Manhattan federal court to charges of wire fraud, wire fraud conspiracy and money laundering conspiracy with each charge carrying a maximum potential sentence of 20 years in jail.

Greenwood on stage in Jun. 2016 at OneCoin’s “COIN RUSH” event in London. Image: YouTube

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