Cryptocurrency and went down in history as one of the world’s largest ponzi schemes. OneCoin Karl Greenwood, one of its founders, admitted to the charges against him.
According to the official website of the US Department of Justice, the OneCoin project has been defined as a ponzi scheme marketed to millions of investors around the world. Prosecutors found that the fraudulent gang made a profit of 2.7 billion euros between 2014 and 2016 alone.
According to the indictment, the Bulgaria-based ponzi scheme established in 2014 has been a fraudulent cryptocurrency project from day one. Greenwood was forced to plead guilty to the prosecution’s charges of fraud and money laundering after it emerged that he made fun of investors by calling investors “stupid” in a message.
OneCoin, itself “Bitcoin Killer” and “New Bitcoin” marketed it all over the world. Investors invested a total of 4 billion euros in the project, according to the determination.
The “Crypto Queen” Keeps Running
Ruja Ignatova, another founder of the scam crypto project, has still not surrendered. According to the indictment, Ignatova was stigmatized for being a woman and by the crypto community. “crypto queen” It was the main face of the project until 2017. Karl Greenwood was the global distributor of the fraud scheme, making $20 million a month.
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