12 Years Later, OneCoin Crypto Ponzi Legacy Continues
Cointelegraph
Victims of the $4 billion OneCoin Ponzi scheme are now eligible to claim compensation from $40 million in assets seized by the US government.Summary
The United States Department of Justice has announced that $40 million in assets are available to compensate victims who suffered net losses investing in the OneCoin cryptocurrency scam between 2014 and 2019. OneCoin, which defrauded 3.5 million people of approximately $4 billion, operated as a centralized Ponzi scheme through an elaborate network of fraudulent token packages. While co-founder Karl Sebastian Greenwood has been sentenced to 20 years in prison, the ringleader, Ruja Ignatova, remains a fugitive on the FBI's Ten Most Wanted list.
(Source：Cointelegraph)