Breaking News: William Morro Arrested in OneCoin Crypto Fraud Scheme
William Morro, a key player in the infamous OneCoin cryptocurrency scam, was apprehended by the United States Department of Justice on April 23. The arrest was made in connection to his involvement in the multi-billion dollar fraudulent scheme orchestrated by Ruja Ignatova and Karl Sebastian Greenwood. Morro’s role in the OneCoin scam has come to light through court documents.
William Morro’s Involvement in Bank Fraud
According to court records, Morro has admitted guilt to a charge of conspiring to commit bank fraud related to his participation in the OneCoin scam. The filings state that Morro collaborated with others to execute bank fraud in the United States by unlawfully moving funds.
- Morro pleaded guilty to one count of conspiracy to commit bank fraud in connection with the OneCoin case.
- In 2016, Morro was involved in transferring approximately $35 million linked to the OneCoin scheme.
- An additional $6 million was reportedly funneled through an account in the United States.
OneCoin Founders Face Legal Troubles
The creation of OneCoin in 2014 by Karl Sebastian Greenwood and Ruja Ignatova marked the beginning of a massive fraud scheme that ultimately led to significant losses for investors across the globe. While Greenwood has been sentenced to a lengthy prison term and hefty fines, Ignatova remains a fugitive on the FBI’s most wanted list.
- Karl Sebastian Greenwood received a $300 million fine and a 20-year prison sentence for his involvement in the OneCoin scheme.
- Ruja Ignatova, known as the “Cryptoqueen,” is currently a fugitive and remains at large.
- The FBI has issued a $250,000 reward for any information leading to Ignatova’s arrest.
Legal Ramifications and Ongoing Investigation
As the legal proceedings continue, more individuals associated with the OneCoin scam are facing repercussions for their roles in the fraudulent activities. Recently, OneCoin’s Head of Legal and Compliance, Irina Dilkinska, was sentenced to four years for her involvement in wire fraud and money laundering schemes.
- Irina Dilkinska was convicted for conspiracy to commit wire fraud and conspiracy to commit money laundering.
- Prosecutors alleged that Dilkinska facilitated the laundering of millions of dollars obtained through unauthorized means.
- William Morro, who is currently awaiting sentencing, will have to forfeit assets acquired through his participation in the OneCoin scam.
Hot Take: The Aftermath of the OneCoin Scam
The arrest of William Morro sheds light on the far-reaching consequences of the OneCoin cryptocurrency scam, reminding us of the importance of accountability in the crypto space. As the legal proceedings continue, more details about the fraudulent activities and the individuals involved are expected to emerge.
Sources:
– Behind MLM
– Department of Justice
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