📰 Table Of Contents
William Morro Arrested in OneCoin Crypto Fraud Scheme
William Morro, an accomplice in the OneCoin crypto fraud scheme, was arrested and charged on April 23 by the United States Department of Justice for his role in the multi-billion dollar scam orchestrated by Ruja Ignatova and Karl Sebastian Greenwood, according to court documents.
Details of the Case
- Morro pleaded guilty to one count of conspiracy to commit bank fraud in connection with the infamous crypto case.
- Prosecutors allege that Morro moved $35 million linked to the OneCoin crypto scheme in 2016.
- He shuffled an estimated $35 million in OneCoin funds through an account in Hong Kong and $6 million to an account stateside.
Background on OneCoin Fraud Scheme
OneCoin was founded in 2014 by Karl Sebastian Greenwood and Ruja Ignatova, with allegations that the scheme drained $4 billion of investor funds worldwide.
Greenwood was fined $300 million and sentenced to two decades in federal prison for orchestrating the scheme, while Ignatova remains at large as one of the FBI’s top ten most wanted fugitives.
Legal Actions and Consequences
Morro’s guilty plea follows the sentencing of OneCoin’s Head of Legal and Compliance, Irina Dilkinska, to four years for conspiracy to commit wire fraud and money laundering.
Ignatova, the co-founder of OneCoin, is currently a fugitive with a $250,000 reward offered by the FBI for any information leading to her arrest.
Upcoming Sentencing
Morro, who has been ordered to forfeit any illicit digital assets obtained through OneCoin, is scheduled to be sentenced on August 1.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
