Another co-founder of OneCoin has been indicted by us prosecutors on charges ranging from telecom/securities fraud to money laundering
U.S. prosecutors have charged another key figure in the notorious investment scam OneCoin with wire fraud, securities fraud and money laundering, according to a new indictment unsealed in federal court.
According to court documents, the project's co-founder Karl Sebastian Greenwood was indicted in February 2018 on charges of conspiring to defraud potential investors into buying vicar "packages" and promoting the idea that the packages could be used to "mine" vicar COINS. As with many scams, the goal is simply to sell the packages to the next family and bring new participants into the scheme. According to BehindMLM.com, a preliminary hearing on Greenwood will be held on June 3.
Konstantin Ignatov, the co-founder of vicakin, was arrested at Los Angeles international airport in March 2018, and in November 2019 the BBC reported that he had pleaded guilty to various charges, including money laundering and fraud. Investigators believe as much as £4 billion was raised globally, equivalent to a giant ponzi scheme, and it was argued at the time that although he had not yet been sentenced, he could face up to 90 years in prison for his role in the fraud.
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