Jailed Onecoin Mastermind Accused of Using Contraband Mobile Phone to Move $20 Million – Regulation Bitcoin News

Jailed Onecoin Mastermind Accused of Using Contraband Mobile Phone to Move $20 Million – Regulation Bitcoin News

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

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, lately moved at the very least $20 million which he insists was stolen from buyers.

In a press release released on November 24, 2021, Levy explains how Greenwood, who’s presently detained at Manhattan Metropolitan Correctional Center, was ready to pull off the switch. He stated Greenwood had been aided by a community of attorneys and a contraband cellphone.

The lawyer additionally stated the failure of the SEC and different regulators to confiscate property 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 to confiscate OneCoin property. 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 verify our worst fears that with each passing day, billions of {dollars} of property 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 lots of of tens of millions 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 stated he hopes the discharge of the details about some of Greenwood’s acts whereas in jail will power regulators within the United States, Bulgaria, and Dubai to lastly act towards the masterminds.

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

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