Co-founder of fake cryptocurrency scheme sentenced to 20 years in US prison

WASHINGTON (Reuters) - The co-founder of OneCoin, a fake cryptocurrency scheme, who pleaded guilty late last year to fraud and money laundering charges in the United States, was sentenced to 20 years in prison on Tuesday, the Department said. of Justice of the United States in a statement. .

Karl Sebastian Greenwood was arrested in Thailand and extradited to the United States in 2018 for his role in the sale of the alleged cryptocurrency OneCoin, which federal prosecutors in Manhattan called a pyramid scheme that defrauded investors of $4 billion.

(Reporting by Kanishka Singh in Washington; editing by Jonathan Oatis)

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