In response to court docket reviews from Friday, one more suspected participant behind the OneCoin ponzi scheme is now set to face justice. 

On Friday, counsel for advertising guru Karl Sebastian Greenwood and US prosecutors knowledgeable Manhattan Choose Edgardo Ramos that the 2 sides are at the moment discussing a plea deal for Greenwood, who was indicted in 2018 for fees regarding his involvement within the OneCoin Ponzi scheme.

Greenwood — who’s at the moment dealing with 5 fees together with cash laundering, fraud, and conspiracy — was described in earlier civil litigation because the “public face of OneCoin.” Greenwood was answerable for pitching OneCoin and soliciting new investments within the challenge, which ultimately defrauded billions from buyers worldwide.

The indictment alleges that Greenwood “made false statements and misrepresentations soliciting people all through the world […] ensuing within the receipt of over $1 billion of investor funds”. The marketer operated out of Sweden throughout his time with OneCoin, and was arrested in Thailand in 2018.

Greenwood is in jail in Manhattan as he awaits his trial or a potential deal. The mastermind behind OneCoin, Ruja “Cryptoqueen” Ignatova, stays at massive.

The OneCoin case and its aftermath has confirmed to be one of many messiest in crypto’s historical past, and a film based mostly on the occasions is about to enter manufacturing with star Kate Winslett, together with a separate BBC sequence within the works.

Moreover, regardless of the continued litigation Greenwood ought to contemplate himself fortunate: Ignatova’s private lawyer Mark S. Scott was disbarred in November following his conviction for cash laundering, and two different entrepreneurs concerned with selling OneCoin had been discovered lifeless after a reported kidnapping in July.