| OneCoin
Greenwood Gets
20 Years
Sentence For
Fraud After
Cited Mafia
Case to Seal
Letters
By Matthew
Russell Lee,
Patreon Podcast Filing
SDNY COURTHOUSE,
Sept 12 -- For scam crypto
currency OneCoin, on September
12, 2023 Judge Ramos sentenced
co-founder Sebastian Greenwood
to twenty years in prison.
Inner City Press was there and
live tweeted, thread here:
AUSA Folly: This
is the culmination. OneCoin
was a fraud
Folly: We request
30 years. This was the largest
- $4 billion in losses,
worldwide. In Madoff, 90% was
returned. Here, near zero.
Judge: What was
he doing before? Folly; 2014,
an earlier fraud, Bigcoin,
with Ignaotva. OneCoin was
worse. It used MLM
Folly:
Madoff ripped off thousands
[of victims], Greenwood,
millions. 30 years, we
request.
Greenwood's
lawyer Potter: He waived
Speedy Trial. He has already
paid for his crimes. Consider
his humanity. He deserves a
time served sentence.
Potter: We
submitted 33 letters [each and
every one sealed in full] He
was far from his family. He's
not eligible for good time
credit. Ebbers did not plead
guilty, and was released after
13 years.
Greenwood: What I
did was wrong. I passed out in
Thailand. I prayed
Greenwood: Then I
was in MCC. When I stand here
[He is sitting. He is reading]
Greenwood: I am sorry. I
exploited their cryptocurrency
drrams. This did not have to
be my life.
Judge
Ramos: Mr Greenwood, I
sentence you to 240 months
[Twenty years] for this
massive fraud
Watch
this site.
More on
Substack here
***
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