'Cryptoqueen' Friend Admits Responsible for OneCoin Scam in US

Karl Greenwood have become arrested in Thailand and extradited to america in 2018 for his characteristic in promoting the OneCoin, which federal prosecutors in ny call a pyramid scheme that defrauded investors out of $4bln

Ny - A dual citizen of Sweden and the United Kingdom pleaded responsible to U.S. Fraud and coins laundering costs on Friday for selling a faux cryptocurrency along one of the u.S.A.' maximum-desired fugitives, a girl known as the 'Cryptoqueen.'

Karl Greenwood, forty five, turned into arrested in Thailand and extradited to the usa in 2018 for his function in promoting the purported cryptocurrency OneCoin, which federal prosecutors in long island call a pyramid scheme that defrauded investors out of $4 billion. He has been detained due to the truth that his arrest.

The plea comes as prosecutors within the Southern District of new York (SDNY) ramp up enforcement of monetary crimes related to digital assets. On Tuesday, prosecutors unsealed an indictment of Sam Bankman-Fried, the founding father of the FTX crypto alternate, on costs of stealing billions in customer deposits.

"This responsible plea by the co-founding father of OneCoin caps every week at SDNY that sends a easy message that we are coming regardless of everything folks who are in search of for to take gain of the cryptocurrency atmosphere through fraud," Damian Williams, the pinnacle federal prosecutor in new york, stated in a announcement.

Prosecutors stated Greenwood based totally OneCoin in Sofia, Bulgaria in 2014 along Ruja Ignatova, a German citizen who prosecutors say is also referred to as the 'Cryptoqueen.' The FBI named her to its top ten most-favored listing in June, and prosecutors stated on Friday she stays at huge.

A legal professional for Greenwood declined to statement. He's scheduled to be sentenced on April five for the 3 counts to which he pleaded responsible.

Bankman-Fried has stated hazard manipulate screw ups at FTX but stated he does no longer accept as genuine with he has any criminal liability. He's currently detained in the Bahamas, wherein FTX is based, and is contesting a U.S. Request for his extradition.