crypto

OneCoin Fraud’s Co-Founder Confirms Guilt and Faces 60 Years in Prison

Greenwood was also the co-founder of OneCoin, a multi-billion-dollar fraudulent cryptocurrency scheme. He now faces up to 60 year imprisonment.
Ruja Ignatova, “Cryptoqueen”, marketed a cryptocurrency with the same name. Emails between the DOJ and the pair before its 2014 founding allege that they called it a “trashy currency”.
It was a multi-level marketing firm that claimed to be a multi-level marketing organization. Members were paid commissions for selling cryptocurrency packages, which purportedly included OneCoin as well as the possibility of mining additional coins. It was actually a Ponzi scheme and a pyramid since participants could bring other people into the scheme without having to purchase a product. Later participants were paid with funds from previous participants. Greenwood made approximately $21.2 million per month (EUR20million) as the “global master distributer” of the fake cryptocurrency company. She is still at large and was last seen leaving for Athens, Greece in October 2017. She is still at large, and was last seen heading to Athens, Greece in October 2017. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: Bitcoin killerDOJGreenwoodOnecoinUS Department of JusticeXcoinx exchange