Gilbert Armenta's OneCoin forfeiture, exceeding $50 million, was formalized in a preliminary order filed March 1st. This action followed Armenta's five-year prison sentence issued last month for his role in the global cryptocurrency pyramid scheme.

The court order details approximately $50.4 million in assets Armenta must forfeit. This includes cash surrenders totaling $40.8 million to the Department of Justice. Specifically, he surrendered $40 million in August 2018 and an additional $803,500 in December 2018.

Real estate holdings also comprise a significant portion of the forfeiture. These include a four-bedroom home in Fort Lauderdale, Florida, valued at an estimated $3.2 million. A five-bedroom beachfront property in Fort Lauderdale, estimated at $6.4 million, is also part of the forfeited assets.

Luxury items previously surrendered by Armenta in January 2018 are also included. These items comprise a Hermes Etoupe 35cm Togo Birkin Taupe Gold bag, a Hermes Pink Alligator bag, and another Hermes Birkin 35 handbag. Jewelry items such as a Cartier necklace, a gold colored bangle, a Bulgari necklace, JAR Paris rose earrings, and a gold colored "link necklace" were also seized.

Through his guilty plea, Armenta accepted joint liability for substantial sums with his co-conspirators. He shares responsibility for $300 million with Ruja Ignatova, Konstantin Ignatov, and Karl Sebastian Greenwood. Another $10 million in joint liability falls with co-conspirator Mark Scott. Armenta also shares $98 million in liability with Christopher Hamilton and Robert McDonald.

Armenta functioned as a money launderer for OneCoin founder Ruja Ignatova, who remains at large. He facilitated the movement of hundreds of millions of dollars derived from the fraudulent scheme. OneCoin, promoted as a digital currency, lacked a functional blockchain and was exposed as a global pyramid scheme that defrauded investors of billions of dollars worldwide.

Other key figures in the OneCoin fraud have faced legal consequences. Konstantin Ignatov, Ruja Ignatova's brother, took over leadership after her disappearance and later pleaded guilty and cooperated with U.S. authorities. Karl Sebastian Greenwood, a co-founder, also pleaded guilty to wire fraud and money laundering charges in late 2022. Mark Scott, a former attorney, was convicted in 2019 for laundering approximately $400 million for the scheme. The FBI continues to list Ruja Ignatova on its Ten Most Wanted Fugitives list, offering a reward of up to $100,000 for information leading to her arrest.