Co-founder of fake cryptocurrency scheme sentenced to 20 years in US prison
- Country:
- United States
The co-founder of OneCoin, a fake cryptocurrency scheme, who had pleaded guilty late last year to U.S. fraud and money laundering charges, was sentenced to 20 years in prison on Tuesday, the U.S. Justice Department said in a statement.
Karl Sebastian Greenwood was arrested in Thailand and extradited to the United States in 2018 for his role in selling the purported cryptocurrency OneCoin, which federal prosecutors in Manhattan called a pyramid scheme that defrauded investors out of $4 billion.
ALSO READ
-
Thailand’s $750 Million Nature Bond Puts Biodiversity at the Heart of Public Finance
-
Thailand’s Road to High-Income Status Runs Through Bangkok and Smaller Cities
-
Thailand’s High-Income Future Will Be Shaped by Smarter Cities
-
Thailand’s Rubber Sector Puts Worker Safety First With Practical ILO Training
-
Thailand’s Next Growth Push Puts Better Jobs, Stronger Firms and Resilience First
Google News