OneCoin advertising guru in plea talks

In line with court docket reviews from Friday, yet one more suspected participant behind the OneCoin ponzi scheme is now set to face justice. 

On Friday, counsel for advertising guru Karl Sebastian Greenwood and US prosecutors knowledgeable Manhattan Decide Edgardo Ramos that the 2 sides are at present discussing a plea deal for Greenwood, who was indicted in 2018 for expenses regarding his involvement within the OneCoin Ponzi scheme.

Greenwood — who’s at present dealing with 5 expenses together with cash laundering, fraud, and conspiracy — was described in earlier civil litigation because the “public face of OneCoin.” Greenwood was liable for pitching OneCoin and soliciting new investments within the undertaking, which finally defrauded billions from traders worldwide.

The indictment alleges that Greenwood “made false statements and misrepresentations soliciting people all through the world […] ensuing within the receipt of over $1 billion of investor funds”. The marketer operated out of Sweden throughout his time with OneCoin, and was arrested in Thailand in 2018.

Greenwood is in jail in Manhattan as he awaits his trial or a potential deal. The mastermind behind OneCoin, Ruja “Cryptoqueen” Ignatova, stays at massive.

The OneCoin case and its aftermath has confirmed to be one of many messiest in crypto’s historical past, and a film primarily based on the occasions is ready to enter manufacturing with star Kate Winslett, together with a separate BBC collection within the works.

Moreover, regardless of the continued litigation Greenwood ought to contemplate himself fortunate: Ignatova’s private lawyer Mark S. Scott was disbarred in November following his conviction for cash laundering, and two different entrepreneurs concerned with selling OneCoin have been discovered lifeless after a reported kidnapping in July.