A marketing guru allegedly responsible for soliciting new investors into the multi-billion dollar OneCoin scam is negotiating a plea deal with U.S. prosecutors. Karl Sebastian Greenwood faces charges of money laundering and securities fraud. Greenwood was arrested in early 2018 in connection with his alleged role in what is one of the digital currency industry\u2019s largest-ever scam. Weeks following his arrest, a grand jury indicted him for leading the onboarding process of the OneCoin scam. As CoinGeek reported, the prosecutors accused him of \u201cmaking false statements and misrepresentations soliciting individuals throughout the world.\u201d As Law360 reports, the Swedish man is engaging in plea talks with the Manhattan U.S. attorney\u2019s office. U.S District Judge Edgardo Ramos approved a request by New York prosecutors for a 90-day stay of discovery. This extension, which last until March next year, will give Greenwood\u2019s lawyers and U.S. prosecutors enough time to negotiate the plea deal. Additionally, the 90-day extension will give Greenwood\u2019s lawyers enough time to review the prosecutors\u2019 \u2018voluminous\u2019 discovery materials. Inner City Press reported: \u201cTo date, the Government has produced to the defendant a voluminous amount of discovery, including, but not limited to, two hard drives containing several terabytes of data. In light of the voluminous discovery produced to date, which defense counsel is still in the process of reviewing, the Government would request that the production of discovery be stayed for a period of 90 days.\u201d https:\/\/twitter.com\/innercitypress\/status\/1339957645223059456 The prosecutors also believe that the extension could save resources in the event they are able to reach a pre-trial disposition. In their indictment, the prosecutors had charged Greenwood with securities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, wire fraud and conspiracy to commit wire fraud. They urged the court to order him to forfeit all property traceable to the five counts. Greenwood is the latest operator of the OneCoin scam to face justice for defrauding investors. Last month, a five-judge panel disbarred Mark Scott in New York for his involvement in the scam. Scott, the lawyer alleged to have laundered over $400 million for OneCoin, was found guilty last year of conspiracy to commit bank fraud and money laundering. It was the former that cost him his legal license in New York. Follow\u00a0CoinGeek\u2019s Crypto Crime Cartel\u00a0series, which delves into the stream of groups\u2014from\u00a0BitMEX\u00a0to\u00a0Binance,\u00a0Bitcoin.com,\u00a0Blockstream,\u00a0ShapeShift\u00a0and Ethereum\u2014who have co-opted the digital asset revolution and turned the industry into a minefield for na\u00efve (and even experienced) players in the market.