OneCoin’s Sebastian Greenwood sentenced to 20 years
OneCoin co-founder Sebastian Greenwood has been sentenced to 20 years in prison.
Citing the need for “general deterrence” against MLM Ponzi schemes, Judge Ramos handed down Greenwood’s sentence on September 12th.
Prior to the hearing, Greenwood’s attorneys had asked for time served and deportation. The DOJ asked for thirty years, half of the official sentencing guidelines.
On the money side of things, Greenwood (right) is subject to $300 million in forfeiture.
At the height of him OneCoin crime spree, Greenwood was stealing around €20 million EUR a month ($21.7 million USD).
In asking for time served and deportation to Sweden, Greenwood had been hoping to spend time with his parents – both of whom are in their mid-seventies. Greenwood also has four young children.
Even accounting for possible time served since his 2018 detention in the US, Greenwood would still be looking at fifteen years in prison.
Update 26th November 2023 – Greenwood filed an appeal against his sentence on November 20th.
I hope this sentencing finally gives a push also in Europe to take down OneCoin/One Ecosystem in Bulgaria.
As One Ecosystem CEO Ventsislav Zlatkov says, One Ecosystem is a rebranding, still with the same coin.
The scam still operates exactly the same way, from the same office with the same main servicing company One Network Services LTD, which is one of the entities collectively referred as OneCoin by the US Department of Justice.
twitter.com/CryptoXpose/status/1701890953663959387
The official press release:
justice.gov/usao-sdny/pr/co-founder-multibillion-dollar-cryptocurrency-scheme-onecoin-sentenced-20-years-prison
He should update his LinkedIn profile, it stills says he is an independent distributor for Onecoin until now. He should put that he is on a career break.
I’m surprised more people aren’t commenting on this.
Or they’re just more concerned / hopeful to get their ponzi returns and hide.
Waiting for some of the other figureheads to fall.
Suckers who are addicted to the swan song of these soulless Ponzi promoters have a propensity for forgetting their losses and moving on to “the next shiny object”.
SD
A German MLM magazine reports:
share-your-photo.com/8bfdb85caa
What follows is a very detailed article, rarely found in this magazine.
direct-selling-magazine.de/20-jahre-haft-fuer-onecoin-ponzi-verbrecher-sebastian-greenwood/
Too bad he got a third of the official sentencing guidelines. With the number of these scams that continually pop up it’s clear to me that the consequences aren’t high enough.
Mark Scott’s motion for retrial was just denied by Judge Ramos.
Scott faces up to 50 years in prison for conspiracy to commit bank fraud and money laundering for Onecoin.
courtlistener.com/docket/7829201/577/united-states-v-scott/
Thanks Fin. Will take a look into it shortly.
German journalist Martin Himmelheber has reported extensively on the sentencing of Karl Sebastian Greenwood and his relationship with Ruja Ignatova.
share-your-photo.com/292dc293c2
Very interesting is the text under the intertitle “The dream couple – Ruja and Sebastian“.
nrwz.de/schramberg/onecoin-ignatovas-geliebter-greenwood-bekommt-20-jahre/420368
Video from August 27, 2023.
share-your-photo.com/1af503b8af
youtube.com/watch?v=kQ_Ho8DavaU
Article updated to note Greenwood has filed a sentencing appeal.
Greenwood’s Judgment is on Courtlistener:
storage.courtlistener.com/recap/gov.uscourts.nysd.535589/gov.uscourts.nysd.535589.605.0.pdf
Sounds like music to our ears 😉
Count 1: Conspiracy to Commit Wire Fraud
Count 2: Wire Fraud
Count 3: Conspiracy to Commit Money Laundering