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Friday, 24 March2023

Co-Founder Of Multi-Billion-Dollar Cryptocurrency Pyramid Scheme “OneCoin” Pleads Guilty

Co-Founder Of Multi-Billion-Dollar Cryptocurrency Pyramid Scheme “OneCoin” Pleads Guilty

<p>Co-founder of fraudulent cryptocurrency OneCoin pleads guilty to wire fraud and money laundering charges. Prosecutors say he helped operate one of the largest international fraud schemes in history. OneCoin&#39;s growth was fueled by multilevel marketing, in which members received commissions for recruiting others to purchase packages. The purported cryptocurrency co-founded by Ruja Ignatova and Greenwood was worthless, prosecutors say.</p> <quillbot-extension-portal></quillbot-extension-portal>

Read full story at Economic Time
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