TechFlow news — On December 19, it was reported that the U.S. Department of Justice announced on December 16 that Greenwood pleaded guilty in Manhattan federal court to charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. Each charge carries a maximum sentence of 20 years in prison, exposing him to a potential total of up to 60 years imprisonment.
Earlier reports indicated that OneCoin was launched in 2014 and was exposed as a Ponzi scheme in 2017, after which its key figures disappeared. The scam may have caused losses of several billion dollars worldwide. In October this year, three suspects linked to the OneCoin fraud case appeared in a German court. The founder, Ignatova, remains at large.
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