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

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.

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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… Read Summary

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