Before being arrested on Koh Samui in 2018, Sebastian Greenwood ran a$ 4 billion ponzi scheme.
13 September 2023 at 14:36 PUBLISHED
NEW YORK: A US federal judge has sentenced a false crypto producer who was detained in Thailand in 2018 to 20 years in prison for scams.
According to prosecutors, Sebastian Greenwood, a double member of Sweden and the UK, was behind the OneCoin system that stole$ 4 billion from about 3.5 people.
Greenwood, who admitted guilt to claims of fraud and money laundering in December 2022, was sentenced by US District Judge Edgardo Ramos in Manhattan. Greenwood was also told to give up$ 300 million by him.
Since his 2018 catch at his house on Koh Samui and extradition to the US for his involvement in promoting OneCoin, which attracted a number of naive owners in Thailand and many other nations, Greenwood had been imprisoned in New York.
Following his arrest in 2018, the Anti-Money Laundering Office in Thailand seized a number of goods from Greenwood, including 3.3 kilograms of gold metal.
Greenwood, who the prosecution claimed was OneCoin’s” major promoter” and who hailed it as the following Bitcoin, had been given a sentence of at least 30 times. They claimed that OneCoin was merely a tower system in fact.
Together with Ruja Ignatova, a European national who lawyers claim is also known as the Cryptoqueen, Greenwood founded OneCoin in Sofia, Bulgaria, in 2014. Next month, the FBI added her to its ten most wanted list.
Ignatova is still at large.
Sam Bankman-Fried, the leader of FTX, has entered a not guilty plea to fraud and conspiracy charges stemming from the collapse of his now-bankrupt cryptocurrency exchange in November 2022. The statement comes as lawyers in Manhattan prepare for his trial.