Sebastian Carl Greenwood, one of the founders of the fraudulent crypto-pyramid OneCoin and an accomplice of the so-called CryptoQueen Ruzha Ignatova, was sentenced in the United States to 20 years in prison.
OneCoin co-founder Karl Greenwood pleaded guilty to complicity in a $4 billion digital currency fraud and was sentenced to 20 years in prison in New York federal court.
Prosecutors had asked for at least 30 years in prison for Greenwood. They said he was the “chief promoter” of the OneCoin pyramid scheme, which he called the “Bitcoin killer,” and defrauded at least 3.5 million people.
“As founder and CEO of OneCoin, Carl Greenwood ran one of the largest fraud schemes ever committed. Greenwood and his co-conspirators, including fugitive Ruja Ignatova, defrauded unsuspecting victims of billions of dollars by promising a “financial revolution” and claiming the superiority of OneCoin over Bitcoin,” Greenwood’s indictment states.
According to the court, Greenwood was the right hand of Ruja Ignatova, who remains a fugitive from justice and remains on the FBI’s list of most wanted criminals. However, Bulgarian media reports in 2023 said that Ignatova could have been killed back in 2018 and thrown into the open ocean on the order of a certain drug lord.
