Thread by @innercitypress

OK- on #OneCoin and Sebastian Greenwood, headed to hastily scheduled proceeding before Judge Ramos @sdnylive. Inner CIty Press has covered the case from the beginning innercitypress.com/sdnyunseal14on… and will live tweet, thread below

Greenwood has been brought in, shackled. AUSA Nick Folly is signing papers. Inner City Press the first and so far only media here.

Folly apologizes to Judge Ramos' Deputy, somethong about "in 10 minutes." He has a jury out in trip n fall scan trial US v Dowd, which Inner City Press is also covering.

Greenwood is sporting a thin mustache and small pony tail / bun. He has a lawer on each elbow, and 2 US Marshals behind him. Folly just stepped out, with umbrella. Will this proceed without him? Another AUSA just came in.

AUSA Ravi: There is a superceding information that Mr Greenwood will be pleading guilty to.
Greenwood's lawyer: Yes. And there is no plea agreement.

Judge Ramos: We are starting 20 minutes late.
AUSA Ravi: Mr Folly just had a verdict come in [in US v Dowd]

Judge: Are you being treated for any mental health issue?
Greenwood's lawyer: He is having counseling, we could describe it but under seal. He is competent to plead.
Judge: You are charged with wire fraud and conspiracy to commit money laundering and wire fraud

Judge Ramos: Maximum penalty (on count 3) is twenty years, more if consecutive - up to 60 years.
Geenwood: I understand.

Judge: I could also order restitution to any victims. What is your status in this country?
Greenwood: I am an inmate [laughs]. I am a citizen of the UK and Sweden.
Greenwood's lawyer: He was arrested in Thailand.

Judge: Separate from the maximums, there are sentencing guidelines. There is a Pimintel letter from the government, estimsting your guideline. It is not a promise.
Greenwood: I understand.

AUSA Folly [he's back] OneCoin was a ponzi scheme. Between 2014 and 2016 it made 4 billion Euros, with profits of 2.7 billion. It lacked a real blockchain: it marketed into the US.

Greenwood: I met Ruja Ignatova, we started OneLife, packages including OneCoin. We mis-compared it to #Bitcoin. But I knew OneCoin had no intrinsic value. We targeted the US and concealed the source. I knew it was wrong.

Greenwood: I plead guilty.
Judge Ramos: I find you guilty. Sentencing date?
Greenwood's lawyer: We disagree on how the guideline apply: worldwide or US-based conduct?
We'll brief it.

Greenwood's sentencing is set for April 5 at 2 pm. But before that, briefs on whether sentencing guidelines should be based of global billions, or US only- Greenwood like Scott says $57,000: AUSA says US is tens of millions.
VLOG and story soon on InnerCityPress