OneCoin co-founder Karl Greenwood pleads guilty, could face up to 60 years in prison

Karl Sebastian Greenwood, co-founder of sham “Bitcoin-killer” OneCoin,¬†was accused of scheming to swindle investors and to launder money, and he pleaded guilty in federal court in Manhattan.

OneCoin produced more than $4.3 billion in revenue and $2.9 billion in alleged profits between Q4 2014 and Q4 2016. Greenwood was at the top of the MLM pyramid and made $21 million per month.

[Via]

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