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Learning & News => News related to Crypto => Topic started by: newshunter on December 20, 2022, 07:00:33 AM

Title: $4B OneCoin scam co-founder pleads guilty, faces 60 years jail
Post by: newshunter on December 20, 2022, 07:00:33 AM

$4B OneCoin scam co-founder pleads guilty, faces 60 years jail

The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering.

Source: $4B OneCoin scam co-founder pleads guilty, faces 60 years jail (https://cointelegraph.com/news/4b-onecoin-scam-co-founder-pleads-guilty-faces-60-years-jail)

Would appreciate your opinion about this

Title: Re: $4B OneCoin scam co-founder pleads guilty, faces 60 years jail
Post by: Heitor_55 on December 20, 2022, 02:11:30 PM

The United States Attorney for the District of Maryland, Damian Williams, stated that Greenwood ran one of the largest international fraud schemes that have ever been perpetrated and claimed that Greenwood promoted OneCoin as a competitor to Bitcoin when, in reality, the tokens were entirely worthless.