Karl Sebastian Greenwood, co-founder of OneCoin and wingman for Ruja Ignatova, often known as “Cryptoqueen,” was sentenced to twenty years imprisonment for his involvement in one of many largest crypto rip-off initiatives.
Ignatova, who was included within the Federal Bureau of Investigations (FBI) Ten Most Needed Fugitives listing, is rumored to have been murdered in 2018.
20 Years in Jail for Cryptoqueen’s Wingman
In accordance with Bloomberg, Swedish citizen Karl Sebastian Greenwood was sentenced on Tuesday, Sept. 11, in New York. Greenwood was the principle promoter of the OneCoin undertaking, with prosecutors alleging that he made $300 million from the Ponzi scheme, utilizing a part of the cash to spend on luxuries similar to designer garments and a down cost on a Sunseeker yacht.
Greenwood bought properties in Thailand, Spain, and Dubai and likewise went on a luxurious journey utilizing a personal OneCoin jet. Nevertheless, the co-founder was arrested in Thailand in 2018 and subsequently extradited to the USA and confronted as much as 60 years in jail for his illicit actions.
The manager later begged for leniency from the courtroom, admitting that he knowingly promoted OneCoin, which was used to defraud unsuspecting victims. Greenwood additionally claimed that he suffered extraordinarily harsh situations whereas being detained in Thailand and the US and pleaded responsible to his crimes in December 2022.
Bulgaria-based OneCoin undertaking based by Ruja Ignatova, alias “Cryptoqueen,” stole over $4 billion from traders throughout the globe. Ignatova and her group promoted OneCoin as a ‘Bitcoin Killer’ whereas efficiently luring folks to spend money on their cryptocurrency.
Aside from Greenwood, one other OneCoin govt, Irina Dilkinska, who served as the top of authorized and compliance, is going through fees in the USA and could get a maximum of 40 years in prison for wire fraud and alleged violation of cash laundering legal guidelines.
Ignatova’s ex-boyfriend Gilbert Armenta received a five-year prison sentence in February 2023 for selling OneCoin. Armenta laundered $300 million from the proceeds of the OneCoin rip-off, reportedly shopping for a jet aircraft and different luxurious gadgets.
Cryptoqueen: Lifeless or Alive?
Whereas OneCoin executives are serving jail phrases for his or her crimes, the Cryptoqueen continues to stay at massive. Earlier reviews acknowledged that the OneCoin creator was final seen in Athens, Greece, in 2017, with speculations that the fugitive is hiding in a yacht within the Mediterranean Sea.
In the meantime, Bulgarian sources acknowledged that Ignatova could have been brutally killed in 2018, on the directive of a neighborhood drug lord. In June 2022, the OneCoin creator entered the FBI’s “Ten Most Needed Fugitives” listing, with authorities providing a $100,000 bounty for info resulting in her arrest.