Sunday, November 28, 2021
HomeBitcoinJailed Onecoin Mastermind Accused of Utilizing Contraband Cell Cellphone to Transfer $20...

Jailed Onecoin Mastermind Accused of Utilizing Contraband Cell Cellphone to Transfer $20 Million – Regulation Bitcoin Information


Karl Sebastian Greenwood, one of many masterminds behind the Onecoin pyramid scheme, not too long ago used a contraband cell phone to maneuver no less than $20 million whereas holed up in a jail in the USA, an lawyer for one of many scheme’s victims has mentioned.

Onecoin Mastermind Taking Benefit of Regulators’ Failures

The lawyer representing victims of the Onecoin rip-off, Jonathan Levy, has alleged that the pyramid scheme’s jailed co-mastermind, Karl Sebastian Greenwood, not too long ago moved no less than $20 million which he insists was stolen from traders.

In a press release launched on November 24, 2021, Levy explains how Greenwood, who’s at the moment detained at Manhattan Metropolitan Correctional Middle, was capable of pull off the switch. He mentioned Greenwood had been aided by a community of legal professionals and a contraband cellphone.

The lawyer additionally mentioned the failure of the SEC and different regulators to confiscate belongings and the 230,000 bitcoins stolen from Onecoin is aiding Greenwood’s trigger whereas making it much more tough for victims to recuperate their cash. He defined:

I’m shocked and dismayed there was no try and confiscate OneCoin belongings. We all know that huge quantities of money, actual property, and cryptocurrency have been unlawfully obtained. The brazen acts of Karl Sebastian Greenwood from his jail cell solely verify our worst fears that with each passing day, billions of {dollars} of belongings are being positioned past hope of restoration.

Contraband Cell Cellphone

Utilizing quite a few Powers of Lawyer that have been issued in Dubai, Greenwood and Ruja Ignatova, one other key mastermind behind the Onecoin pyramid scheme, have efficiently managed to get banks to unfreeze financial institution accounts that held a whole bunch of thousands and thousands of {dollars}. Greenwood allegedly then used a cell phone that’s now within the possession of U.S. legislation enforcement to remotely execute judgment.

In the meantime, Levy mentioned he hopes the discharge of the details about a few of Greenwood’s acts whereas in jail will pressure regulators in the USA, Bulgaria, and Dubai to lastly act towards the masterminds.

Do you agree that regulators haven’t accomplished sufficient to assist the victims of the Onecoin rip-off? Inform us what you suppose within the feedback part under.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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