A new report claims that the ‘cryptoqueen’ wanted for her alleged role in the $4,000,000,000 OneCoin scam may have been murdered aboard a yacht in 2018. According to the Bureau for Investigative Reporting and Data (BIRD), known drug lord Hristoforos ‘Taki’ Amanatidis may have ordered the murder of OneCoin founder Ruja Ignatova. Per the report, […]
The post ‘Cryptoqueen’ Wanted for $4,000,000,000 Scheme Murdered on Yacht in 2018 by Bulgarian Mafia: Report appeared first on The Daily Hodl.
Ruja Ignatova, founder of the crypto pyramid Onecoin, may have been murdered in Greece a year after her disappearance. According to an article, quoting а leaked report from a police informant, the “missing Cryptoqueen” was killed on a yacht in the Ionian Sea more than four years ago. Murder in the Mediterranean – Another Theory […]
The ex-boyfriend of the infamous “Cryptoqueen” has been sentenced to five years in prison for laundering hundreds of millions of dollars. A new report by Bloomberg Law says that Gilbert Armenta, the former boyfriend of fugitive Ruja Ignatova, who is wanted for allegedly masterminding a crypto Ponzi scheme called “OneCoin,” has been sentenced to five […]
The post ‘Cryptoqueen’ Boyfriend Sentenced to Five Years in Prison for Laundering $300,000,000 in Crypto appeared first on The Daily Hodl.
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 Money Laundering Linked to Onecoin […]
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto assets and how this leaves users without the “guarantees and safeguards associated with regulated financial […]
The co-founder of a gigantic $4 billion crypto pyramid scheme is pleading guilty to money laundering and wire fraud charges, according to the U.S. Department of Justice (DOJ). Karl Sebastian Greenwood co-founded the infamous OneCoin fraud with Ruja Ignatova, who’s known as “Cryptoqueen.” Ignatova, the leader of the scam, has been a fugitive since 2017 […]
The post Co-Founder of $4,000,000,000 Crypto Pyramid Scheme Faces 60 Years in Prison appeared first on The Daily Hodl.
The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering.
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 a Manhattan federal court to charges of wire fraud, wire fraud conspiracy and money laundering conspiracy with each charge carrying a maximum potential sentence of 20 years in jail.
U.S. Attorney Damian Williams said Greenwood operated “one of the largest international fraud schemes ever perpetrated” and claimed he touted OneCoin as a “Bitcoin killer” when in reality the tokens were “entirely worthless.”
OneCoin was a Bulgarian company founded by Greenwood alongside “Cryptoqueen” Ruja Ignatova that marketed a cryptocurrency by the same name. Emails obtained by the DOJ between the two before its founding in 2014 allege the pair called it a “trashy coin.”
Outwardly it claimed to be a multi-level marketing firm with members gaining commissions for selling cryptocurrency packages apparently containing OneCoin and the ability to mine more. OneCoin could only be exchanged for fiat currency on the private Xcoinx exchange.
In reality, it was both a pyramid and a Ponzi scheme as investors could recruit others into the scheme without an actual product and later investors were paid with the money from earlier investors.
According to the DOJ Greenwood was earning around $21.2 million (€20 million) per month in his role as the “global master distributor” of the fraudulent crypto firm. Over $4 billion is believed to have been swindled by OneCoin from the three million people who invested in the packages.
Ignatova was placed on the Federal Bureau of Investigation’s top ten most wanted list in June for her role in the scheme. She remains at large and was last known to have traveled to Athens, Greece in Oct. 2017.
Related: How to tell if a cryptocurrency project is a Ponzi scheme
Williams said Greenwood’s plea “sends a clear message” the DOJ is “coming after all those who seek to exploit the cryptocurrency ecosystem through fraud, no matter how big or sophisticated you are.”
Greenwood is slated to be sentenced before District Judge Edgardo Ramos on Apr. 5, 2023.
Authorities elsewhere have charged those involved with OneCoin and Ignatova, with three associates facing charges in Germany over fraud and money laundering.
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 in Multimillion-Dollar Fraud Co-founder […]
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 media report has […]
Three people are facing trial in Germany for their roles in one of the crypto world’s most infamous scams, Onecoin. The defendants are accused of fraud, among other crimes, allegedly committed as they assisted the pyramid scheme’s mastermind, ‘Cryptoqueen’ Ruja Ignatova, who is still on the run. Lawyer and Couple Face Criminal Allegations in Germany […]