dave22 on Nostr: The OneCoin team compared its product to Bitcoin in sales pitches but did not have, ...

The OneCoin team compared its product to Bitcoin in sales pitches but did not have, in the words of the Justice Department, “a true blockchain — that is, a public and verifiable blockchain,” any mining operations or even as many coins on its private blockchain as it sold.

https://cointelegraph.com/news/onecoin-co-founder-greenwood-gets-20-years-us-jail-fraud-money-laundering