Who is that co-founder going to 60 years in jail for Crypto fraudulent

A new report that co-founder of the $4 billion crypto pyramid scheme guilty of money laundering and bank fraud charges brought against him by the Justice Department.

Greenwood Sebastian with Ruju Ignatova, the co-founder of the Onecoin scam that started in 2014.
According to the Department of Justice, Onecoin operated as multilevel marketing (MLM) and duped more than three million people who invested in its Ponzi crypto offering. In 2017, when the company was under suspicion, the co-founder went on air to confuse more people by claiming that OneCoin operates and maintains a private blockchain, and there is nothing about the fraud in their operation.
Later, at the end of 2017, October, it turned out that Ignatova and Onecoin are scammers in cryptospace.

The study went on to say that OneCoin generated $4.55 billion in sales revenue and $2.92 billion in profits between 2014 and 2016. Meanwhile, Ignatova was a top executive at the company before he was nowhere to be found in October 2017. Greenwood was the head of ​The MLM network that marketed and sold the fraudulent cryptocurrency and was also responsible for the main distributor of the coin. However, Greenwood, the co-founder, was arrested in Thailand in 2018 and detained by the United States that same year. After more investigation later in the court hearing on December 19, he pleaded guilty and he's going to faces 60 years in prison.

These are the things that make Crypto a fear game for everyone, we don't know who is who. Which project is not a scam and what the coin will offer in the future.

Bankman-Frieds is another man whose illegal business allows customers funds goes through windows and illegal transaction. I don't know where he deserves to live, maybe in prison or not. Although this is completely different from Onecoin, it is certain that FTX has also tampered with customers' money and made illegal transfers, but the court have not found him guilty yet for this offense.

Image source: istock

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