U.S. court announces litigation documents against another key person in OneCoin Ponzi scheme

According to The Block, a newly released indictment shows that the U.S. prosecutor has filed a lawsuit against another key person in the OneCoin Ponzi scheme. The charges include telecommunications fraud, securities fraud and money laundering. Court documents show that Karl Sebastian Greenwood was indicted in February 2018. The indictment accused Greenwood of conspiracy to deceive potential investors into buying OneCoin “packages” and promoted that these packages can be used to mine OneCoin. Like many Ponzi schemes, the goal of the participants is simply to sell these packages to the family and bring new participants into the plan.