Two males convicted for their half in the OneCoin cryptocurrency fraud scheme can’t transfer ahead on their appeals, the Second Circuit mentioned Friday.
OneCoin Ltd. and its affiliated offshore firms performed a Ponzi scheme that recruited buyers with out offering something in return, allegedly making $4 billion. The scheme allegedly supplied commissions to members for recruiting others to purchase packages of the nugatory OneCoin cryptocurrency. At its peak, OneCoin claimed to have greater than 3 million members worldwide.
On account of the scheme, Karl Sebastian Greenwood pleaded responsible to conspiracy to commit wire fraud, wire fraud, and conspiracy to commit …
