Jailed Onecoin Mastermind Accused of Using Contraband Mobile Phone to Move $20 Million

Jailed Onecoin Mastermind Accused of Using Contraband Mobile Phone to Move $20 Million

Karl Sebastian Greenwood, one of many masterminds behind the Onecoin pyramid scheme, just lately used a contraband cell phone to maneuver at the very least $20 million whereas holed up in a jail within the United States, an lawyer for one of many scheme’s victims has mentioned.

Onecoin Mastermind Taking Advantage 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, just lately moved at the very least $20 million which he insists was stolen from buyers.

In an announcement released on November 24, 2021, Levy explains how Greenwood, who’s at present detained at Manhattan Metropolitan Correctional Center, 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 get well their cash. He defined:

I’m shocked and dismayed there was no try to confiscate OneCoin belongings. We 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 affirm our worst fears that with each passing day, billions of {dollars} of belongings are being positioned past hope of restoration.

Contraband Cell Phone

Using quite a few Powers of Attorney 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 lot of hundreds of thousands of {dollars}. Greenwood allegedly then used a cell phone that’s now within the possession of U.S. regulation enforcement to remotely execute judgment.

Meanwhile, Levy mentioned he hopes the discharge of the details about a few of Greenwood’s acts whereas in jail will pressure regulators within the United States, Bulgaria, and Dubai to lastly act in opposition to the masterminds.

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

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: