Damian Williams, the top federal prosecutor in Manhattan, speaks at a press conference to announce the addition of “Cryptoqueen” Ruja Ignatova to the FBI’s most-wanted fugitives list, in New York, June 30, 2022.
The co-founder of the fraudulent OneCoin cryptocurrency, a massive pyramid scheme that amassed over $4 billion from millions of investors worldwide, was sentenced Tuesday to 20 years in prison.
His partner, Ruja Ignatova, known as the "Cryptoqueen" on the FBI's Top 10 Most Wanted list, remains at large, the Department of Justice said.
Greenwood "operated one of the largest fraud schemes ever perpetrated," U.S. Attorney Damian Williams said in a press release.
"We hope this lengthy sentence resonates in the financial sector and deters anyone who may be tempted to lie to investors and exploit the cryptocurrency ecosystem through fraud," Williams said.
Persons:
Damian Williams, Ignatova, Karl Sebastian Greenwood, Ruja Ignatova, Greenwood, Williams
Organizations:
Department of Justice, U.S
Locations:
Manhattan, New York