Opens Compensation Process for OneCoin Victims

The US Department of Justice has opened a compensation process for OneCoin victims, allowing them to seek shares of $40 million in forfeited assets by June 30, 2026.

Background of the OneCoin Scandal

The OneCoin fraud, which defrauded investors of about $4 billion, was a global multi-level-marketing operation that ran from 2014 to 2019. The scheme's co-founder, Karl Sebastian Greenwood, was sentenced to 20 years in prison in 2023, and assets seized from the operation now form part of the compensation pool.

Key Players and Prosecutions

• Karl Sebastian Greenwood: co-founder and key player in the OneCoin scandal
• Ruja Ignatova: co-founder and fugitive, listed among the FBI's Ten Most Wanted and Europol's most-wanted register

Compensation Process and Eligibility

The compensation process is open through June 30, 2026, at onecoinremission.com and is being administered by Kroll Settlement Administration LLC. Victims must submit their petitions by the deadline to be eligible for compensation.

Forfeited Assets and Restitution

The funds available for remission stem from successful prosecutions of OneCoin's leadership. Assistant Attorney General A. Tysen Duva said forfeiture is meant to strip crime of profit and return money to victims wherever possible, underscoring recovery's importance now.

Key Takeaways

• The US Department of Justice has opened a compensation process for OneCoin victims
• The compensation pool consists of $40 million in forfeited assets
• Victims must submit their petitions by June 30, 2026, to be eligible for compensation
• The process is administered by Kroll Settlement Administration LLC

Frequently Asked Questions

What is the deadline for submitting petitions for compensation?

The deadline for submitting petitions is June 30, 2026.

How much money is available for compensation?

The compensation pool consists of $40 million in forfeited assets.