$4B OneCoin rip-off co-founder pleads responsible, faces 60 years jail By Cointelegraph

Karl Sebastian Greenwood, the co-founder of the multi-billion greenback fraudulent cryptocurrency scheme OneCoin has pleaded responsible to a number of expenses introduced ahead by america Division of Justice (DOJ) and faces a most of 60 years in jail.

The DOJ introduced on Dec. 16 that Greenwood submitted a responsible plea in a Manhattan federal court docket to expenses of wire fraud, wire fraud conspiracy and cash laundering conspiracy with every cost carrying a most potential sentence of 20 years in jail.

Greenwood on stage in Jun. 2016 at OneCoin’s “COIN RUSH” occasion in London. Picture: YouTube