Karl Greenwood, who set up the OneCoin fake cryptocurrency scheme along with the missing Ruja Ignatova, was sentenced to 20 years in prison Sept. 12.
of fraud and money laundering in December and could have received a sentence of up to 60 years. He is said to have made over $300 million through a 5% commission on all OneCoin sales and to have spent lavishly on luxury goods and the corresponding lifestyle.Ten Most Wanted List. A number of other OneCoin executives are facing justice, however.
In 2014, a woman named Ruja Ignatova launched a fake cryptocurrency named "OneCoin". Despite the currency never existing, Ruja convinced people all over the world to invest. In 2017, after raking in $4 billion profit, she boarded a plane to Greece and hasn't been seen since.
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