OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme

Date:

Share post:



OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme

OneCoin’s co-founders, Bulgarian national Ruja Ignatova and joint U.K. and Swedish citizen Karl Greenwood, promoted the fictitious cryptocurrency – which never existed on any blockchain – through a kind of multi-level marketing scheme, paying initial investors to bring in more investors. By the time OneCoin was revealed to be a scam, an estimated 3.5 million people had fallen victim.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Binance Launches Retail AI Assistant, Repackages Existing Trading Tools

IG Expects Lower Q3 Revenue; MetaQuotes Adds Benzinga News ...

Tanzanian Tour Operator Accepts Bitcoin for Safaris and Treks

Key TakeawaysZatatep Tours added bitcoin to book Tanzanian safaris and treks without wire fees.Tourism operators adopt bitcoin...

Investment Sharpe Ratio Calculator | WikiFinancePedia

Figuring out how your investments are doing might be particularly challenging when it comes to investing. ...