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A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars’ worth of proceeds from the notorious crypto scam which defrauded investors around the world. Ruja’s Former Boyfriend Sentenced for
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Karl Sebastian Greenwood, the co-founder of the multi-billion dollar fraudulent cryptocurrency scheme OneCoin has pleaded guilty to multiple charges brought forward by the United States Department of Justice (DOJ) and faces a maximum of 60 years in prison.The DOJ announced on Dec. 16 that Greenwood submitted a guilty plea in
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Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in custody since 2018 when he was arrested in Thailand and extradited to the United States. Cryptoqueen’s Partner at Onecoin Admits Role
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Optimism early in the week reversed, with bitcoin’s price settling in just below $17,000. On a relative basis, BTC’s seven-day performance against the U.S. dollar was third among the top 20 cryptocurrencies by market capitalization. Ether finished in the middle of the pack, declining 5% over the last seven days. Source
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“Karl Sebastian Greenwood operated one of the largest international fraud schemes ever perpetrated,” said Damian Williams, U.S. attorney for the Southern District of New York. “Greenwood and his co-conspirators, including fugitive Ruja Ignatova, conned unsuspecting victims out of billions of dollars, claiming that OneCoin would be the ‘Bitcoin killer.’” Source
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Ruja Ignatova, founder of the notorious crypto pyramid Onecoin, was reportedly alerted about police investigations into the scam before she disappeared. The ‘Cryptoqueen’ has been on the run for several years, wanted by law enforcement agencies around the world. Onecoin Mastermind Learned About Arrest Efforts From Leaked Police Documents, Podcast Reveals A
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Robert McDonald, a co-accused, avoided extradition on human rights grounds. McDonald is the prime carer for his "extremely ill" wife and has expressed "clear and genuine suicidal intent, in the event he were to be extradited," according to the judgment cited in the Law360 report. The judge also stated that
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Ignatova was the leader and public face of the OneCoin project, which was started in Bulgaria in 2014. Ignatova told investors that the OneCoin cryptocurrency could be mined and had actual value. In reality, however, OneCoin did not exist on a blockchain and Ignatova and her team manipulated its perceived
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