20-Year Prison Term for OneCoin Co-Founder Karl Greenwood in Landmark Crypto Fraud Case

Karl Greenwood, the co-founder of infamous crypto scam OneCoin, has been sentenced to 20 years in prison by a New York judge. US District Judge Edgardo Ramos, who presided over Greenwood's sentencing, characterized the fraud in the OneCoin case as "massive in many respects" and likened it to "old-fashioned snake oil." OneCoin lacked a blockchain, and had no real cryptocurrency or market for trading....