On the accusations of wire fraud and money laundering, the co-founder of the fraudulent scheme is scheduled to have his sentencing hearing in April of 2023.
Karl Sebastian Greenwood, the co-founder of the fraudulent cryptocurrency scheme OneCoin that involved multiple billions of dollars, has pleaded guilty to multiple charges brought forward by the United States Department of Justice (DOJ). He faces a maximum of 60 years in prison if he is found guilty of all of the charges.
The Department of Justice (DOJ) made the announcement on December 16 that Greenwood had entered a guilty plea in a federal court in Manhattan to charges of wire fraud, wire fraud conspiracy, and money laundering conspiracy. Each of these charges carries a maximum potential sentence of 20 years in prison, and the DOJ noted that Greenwood’s guilty plea was entered on December 16.
The United States Attorney for the District of Maryland, Damian Williams,…
