Co-ordinate to courtroom reports from Friday, yet another suspected role player behind the OneCoin ponzi scheme is now set to confront justice.

On Friday, counsel for marketing guru Karl Sebastian Greenwood and US prosecutors informed Manhattan Guess Edgardo Ramos that the two sides are currently discussing a plea deal for Greenwood, who was indicted in 2018 for charges relating to his involvement in the OneCoin Ponzi scheme.

Greenwood — who is currently facing five charges including money laundering, fraud, and conspiracy — was described in previous civil litigation as the "public confront of OneCoin." Greenwood was responsible for pitching OneCoin and soliciting new investments in the project, which eventually defrauded billions from investors worldwide.

The indictment alleges that Greenwood "made false statements and misrepresentations soliciting individuals throughout the world [...] resulting in the receipt of over $one billion of investor funds". The marketer operated out of Sweden during his time with OneCoin, and was arrested in Thailand in 2018.

Greenwood is in jail in Manhattan as he awaits his trial or a possible deal. The mastermind behind OneCoin, Ruja "Cryptoqueen" Ignatova, remains at large.

The OneCoin case and its aftermath has proven to be i of the messiest in crypto's history, and a movie based on the events is set to enter production with star Kate Winslett, along with a carve up BBC series in the works.

Additionally, despite the ongoing litigation Greenwood should consider himself lucky: Ignatova's personal lawyer Marking Due south. Scott was disbarred in November post-obit his confidence for money laundering, and 2 other marketers involved with promoting OneCoin were institute dead afterwards a reported kidnapping in July.