OneCoin Co-Founder Sentenced to 20 Years in $4B Crypto Scam
Karl Sebastian Greenwood, a co-founder of OneCoin, received a 20-year prison term and a $300 million fine for leading a $4 billion cryptocurrency fraud
Greenwood used a pyramid scheme to trick investors into thinking OneCoin was like Bitcoin, earning over $200 million in commissions
The other co-founder, Ruja Ignatova, remains a fugitive with a $100,000 reward for her arrest after disappearing in 2017