#Jelajahcoin - Karl Sebastian Greenwood, co-founder of the ponzi scheme project – OneCoin and wingman for Ruja Ignatova, was sentenced to 20 years in prison.

Ignatova, who was on the Federal Bureau of Investigations (FBI) Ten Most Wanted Fugitives list, was reported to have been murdered in 2018.

According to Bloomberg, Swedish citizen Karl Sebastian Greenwood was sentenced on Tuesday, September 11, in New York.

Greenwood was the principal founder of the OneCoin project, with prosecutors alleging that he made $300 million from the Ponzi scheme.

As well as using some of that money to spend on luxuries like designer clothes and a down payment on a Sunseeker yacht.

Greenwood bought properties in Thailand, Spain and Dubai and also took luxury trips on a private OneCoin jet.

One of the founders of the Ponzi scheme project was sentenced to 60 years in prison

However, one of the founders was arrested in Thailand in 2018 and later extradited to the United States and faces a 60-year prison sentence for his illegal activities.

The executive later begged the court for leniency, admitting that he knowingly promoted OneCoin, which was used to defraud unsuspecting victims.

Greenwood also claimed that he suffered extremely harsh conditions while detained in Thailand and the US and pleaded guilty to his crimes in December 2022.

The Bulgaria-based OneCoin project founded by Ruja Ignatova, aka “Cryptoqueen,” stole more than $4 billion from investors around the world.

Ignatova and her team promoted OneCoin as a ‘#Bitcoin Killer’ while successfully luring people to invest in their cryptocurrency .

In addition to Greenwood, another OneCoin executive, Irina Dilkinska, who served as head of legal and compliance, faces charges in the United States.

And he could get a maximum of 40 years in prison for wire fraud and alleged violations of money laundering laws.

Ignatova's ex-boyfriend, Gilbert Armenta, received a five-year prison sentence in February 2023 for promoting OneCoin.

Armenta laundered $300 million in OneCoin fraud proceeds, reportedly purchasing jetliners and other luxury items.

While OneCoin executives are serving prison sentences for their crimes, Cryptoqueen remains at large.

Previous reports stated that the OneCoin creator was last seen in Athens, Greece, in 2017, with speculation that the fugitive was hiding on a yacht in the Mediterranean Sea.

Meanwhile, Bulgarian sources suggest that Ignatova may have been brutally murdered in 2018, at the direction of a local drug lord.

In June 2022, the creator of OneCoin entered the FBI's “Ten Most Wanted Fugitives” list, with authorities offering a $100,000 reward for information leading to his capture.