{"id":84400,"date":"2023-09-13T10:03:05","date_gmt":"2023-09-13T07:03:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84400"},"modified":"2025-09-12T17:07:13","modified_gmt":"2025-09-12T14:07:13","slug":"onecoin-co-founder-sentenced-to-20-years-in-prison","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/onecoin-co-founder-sentenced-to-20-years-in-prison\/","title":{"rendered":"OneCoin co-founder sentenced to 20 years in prison"},"content":{"rendered":"<p>OneCoin co-founder Karl Sebastian Greenwood has been sentenced to 20 years in prison and fined $300 million. According to the <a href=\"https:\/\/www.justice.gov\/usao-sdny\/pr\/co-founder-multibillion-dollar-cryptocurrency-scheme-onecoin-sentenced-20-years-prison\">\u0441\u043e\u043e\u0431\u0449\u0430\u0435\u0442<\/a> \u043f\u0440\u043e\u043a\u0443\u0440\u0430\u0442\u0443\u0440\u0430 \u0421\u0428\u0410 \u043f\u043e \u042e\u0436\u043d\u043e\u043c\u0443 \u043e\u043a\u0440\u0443\u0433\u0443 \u041d\u044c\u044e-\u0419\u043e\u0440\u043a\u0430.<\/p>\n<p>Greenwood is accused of defrauding 3.5 million people and misappropriating more than $300 million to five-star resorts, villas, a private jet and a yacht. Earlier he <a href=\"https:\/\/forklog.com\/en\/news\/onecoin-co-founder-pleads-guilty-to-fraud-and-money-laundering\">pleaded guilty<\/a> to wire fraud and money laundering.<\/p>\n<p>The fraudulent scheme, masterminded by Bulgarian citizen Ruja Ignatova together with Greenwood, operated from 2014 to 2016. OneCoin was pitched as a high-yield cryptocurrency, with investors earning returns not only from asset appreciation but also from recruiting new participants.<\/p>\n<p>Greenwood was arrested in 2018 in Thailand. Ignatova&#8217;s whereabouts have been unknown since 2017. The losses from OneCoin&#8217;s activities are estimated at $4 billion.<\/p>\n<p>Earlier in November 2019, a U.S. District Court in the Southern District of New York found OneCoin lawyer Mark Scott guilty of laundering nearly $400 million.<\/p>\n<p>In spring 2019, Konstantin Ignatov, brother of the pyramid&#8217;s founder, was detained at Los Angeles International Airport. He subsequently pleaded guilty to several counts.<\/p>\n<p>In February 2023, journalists reported <a href=\"https:\/\/forklog.com\/en\/news\/journalists-report-the-murder-of-onecoin-founder-ruja-ignatova\">the murder of Ruja Ignatova<\/a>, who was on Europol&#8217;s and the FBI&#8217;s lists of most-wanted criminals.<\/p>\n<p>Later, U.S. federal prosecutors <a href=\"https:\/\/forklog.com\/en\/news\/head-of-onecoin-pyramid-compliance-faces-up-to-40-years-in-prison\">indicted<\/a> the former head of OneCoin&#8217;s legal and compliance department, Irina Dilkinskaya, on charges of fraud and conspiracy to launder funds. She faces up to 40 years in prison.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OneCoin co-founder Karl Sebastian Greenwood has been sentenced to 20 years in prison and fined $300 million.<\/p>\n","protected":false},"author":1,"featured_media":84401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1088,1163,26],"class_list":["post-84400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-onecoin","tag-ponzi-schemes","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=84400"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84400\/revisions"}],"predecessor-version":[{"id":84402,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84400\/revisions\/84402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/84401"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=84400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=84400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=84400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}