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Sebastian Greenwood got thousands to buy in the Onecoin crypto currency.
Now Östermalm’s Swede is in danger of more than 20 years in American prison, according to Svenska Dagbladet and Breakit.
Many have tried to repeat the success of the Bitcoin cryptocurrency. One who was close is Sweden’s Sebastian Greenwood from Stockholm, according to Svenska Dagbladet and Breakit magazine.
Together with Bulgarian businesswoman Ruja Ignatova, she launched the Onecoin project five years ago.
Onecoin was marketed as a new cryptocurrency for people, and those who bought early were promised huge profits. Sebastian Greenwood and Ruja Ignatova traveled the world to enchant investors.
In total, people around the world should have invested $ 40 billion in the currency. But the project was a scam.
Photo: Youtube Onecoin
Sebastian Greenwood got thousands to buy in the Onecoin crypto currency. Now Östermalm’s Swede is in prison for more than 20 years
Photo: Mary Altaffer / TT
Today, Sebastian Greenwood is locked up in the Metropolitan Correctional Center, MCC New York.
Today, Sebastian Greenwood is locked up in the Metropolitan Correctional Center, MCC New York.
He is charged with fraud and anti-money laundering stamps, charges that carry a maximum penalty of 20 years each.
– I cannot discuss the case at all, his lawyer Anthony Strazza tells the newspapers.
Promised great fortunes
By selling educational packages through so-called MLM, multi-level marketing, Onecoin created a new type of business concept. They did not sell any currency without knowledge of cryptocurrencies with the promise that it would then lead to great wealth.
The initial package costs 100 euros. The “Tycoon trader” package was € 5,000, ie around SEK 50,000, write Breakit and Svenska Dagbladet. Through the Onelife sales network, millions of members were quickly recruited.
Among them, Sebastian Greenwood was the main one and he called himself “Master Distributor 001”. Beneath him were the “crown diamonds” and among them the buyers, who were recruiting new members.
Photo: Youtube Onecoin
Together with Bulgarian businesswoman Ruja Ignatova, she launched the Onecoin project five years ago.
Photo: Youtube Onecoin
Onecoin was marketed as a new cryptocurrency for people, and those who bought early were promised huge profits.
Took a quick turn
The business initially flourished. Between 2014 and 2016, the company made $ 20 billion in profit, according to the FBI.
Then Greenwood’s ally disappeared. Ruja Ignatova would have continued to invest charm; instead, it went up in smoke 2017.
Soon after, Sebastian Greenwood was arrested by the Thai police and released to the United States.
Aftonbladet has sought the legal representative of Sebastian Greenwood.
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