Karl Sebastian Greenwood has pled responsible to OneCoin associated wire fraud and cash laundering costs.
Greenwood (proper) was scheduled to face trial in Might 2023.
Following submitting of a superseding indictment, which has not been made public, Greenwood (proper) opted to plead responsible.
No plea deal was made with the DOJ.
Greenwood’s case docket has but to replace on Pacer however the DOJ has issued a press-release on Greenwood’s plea.
KARL SEBASTIAN GREENWOOD, who co-founded OneCoin with RUJA IGNATOVA, a/okay/a “the Cryptoqueen,” pled responsible at present in Manhattan federal courtroom to wire fraud and cash laundering costs in connection together with his participation within the large OneCoin fraud scheme.
In the present day, District Choose Edgardo Ramos accepted GREENWOOD’s responsible plea.
As to Greenwood’s involvement in OneCoin (beforehand coated in his indictment);
In 2014, GREENWOOD and IGNATOVA co-founded OneCoin.
GREENWOOD was OneCoin’s “world grasp distributor” and the chief of the MLM community by way of which the fraudulent cryptocurrency was marketed and bought.
GREENWOOD earned roughly €20 million a month in his position as the highest MLM distributor of OneCoin.
In keeping with in-court reporting from Internal Metropolis Press, at his plea listening to Greenwood acknowledged;
I met Ruja Ignatova, we began OneLife, packages together with OneCoin. We mis-compared it to #Bitcoin .
However I knew OneCoin had no intrinsic worth. We focused the US and hid the supply. I knew it was flawed.
Internal Metropolis Press moreover stories Greenwood, who now sports activities “a skinny mustache and small pony tail/bun”, is receiving counselling for a psychological well being situation.
In a warning to different MLM crypto Ponzi scammers, U.S. Legal professional Damian Williams stated;
This responsible plea by the co-founder of OneCoin caps every week at SDNY that sends a transparent message that we’re coming in spite of everything those that search to take advantage of the cryptocurrency ecosystem by way of fraud, irrespective of how huge or subtle you’re.
Greenwood, 45, is dealing with as much as 60 years in jail. Even with a sentence discount, it’s extremely probably Greenwood will spend the remainder of his pure life behind bars.
Greenwood’s sentencing has been scheduled for April fifth, 2023.
