Hearing in OneCoin co-founder’s case paused for three months

Sebastian Greenwood’s lawyer, the second most prominent figure in the OneCoin cryptocurrency pyramid, and the prosecution agreed to suspend pre-trial disclosure of evidence.

CRYPTO IN THE COURTS: On #OneCoin Sebastian Greenwood and US Attorney’s Office Get Stay of Discovery for 90 Days 00 Next Date March 26 @SDNYLIVE https://t.co/9UZNn6qXnl pic.twitter.com/CJkrbAbe8C

— Inner City Press (@innercitypress) December 18, 2020

Judge Edgardo Ramos of the Southern District of New York set to hold the next status conference for March 26, 2021.

U.S. authorities have amassed a vast trove of material, including more than 150 000 pages of emails, data from seven seized devices and two hard drives, and continued to disclose new evidence in the case.

The lawyer cannot review them with his client — the prison is closed to visitors. He also cited the large volume of new information.

The prosecutors agreed that there were issues and asked the judge to pause the exchange of information between the parties.

Greenwood was arrested in 2018 in Thailand and is now in a federal prison in New York.

He is considered a co-founder of the OneCoin pyramid, whose damages are estimated at $4 billion. The whereabouts of the alleged main organizer, Rudji Ignatova, have been unknown since 2017.

Her brother Konstantin Ignatov was arrested in March 2019 at Los Angeles International Airport. He pled guilty to several counts and agreed to testify against his sister.

The scam of the decade: how a Doctor of Legal Sciences organized the OneCoin pyramid and disappeared with billions of euros

Earlier, OneCoin lawyer Mark Scott was found guilty of laundering $400 million and disbarred his license to practice law.

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