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

Karl Sebastian Greenwood, among the masterminds behind the Onecoin pyramid plan, just recently utilized a contraband smart phone to move a minimum of $20 million while holed up in a jail in the United States, a lawyer for among the plan’s victims has actually stated.

Onecoin Mastermind Taking Advantage of Regulators’ Failures

The legal representative representing victims of the Onecoin rip-off, Jonathan Levy, has actually declared that the pyramid plan’s imprisoned co-mastermind, Karl Sebastian Greenwood, just recently moved a minimum of $20 million which he firmly insists was taken from financiers.

In a declaration launched on November 24, 2021, Levy discusses how Greenwood, who is presently apprehended at Manhattan Metropolitan Correctional Center, had the ability to manage the transfer. He stated Greenwood had actually been assisted by a network of legal representatives and a contraband mobile phone.

The legal representative likewise stated the failure of the SEC and other regulators to take possessions and the 230,000 bitcoins taken from Onecoin is helping Greenwood’s cause while making it a lot more challenging for victims to recuperate their cash. He discussed:

I am stunned and shocked there has actually been no effort to take OneCoin possessions. We understand that huge quantities of money, property, and cryptocurrency have actually been unlawfully gotten. The brazen acts of Karl Sebastian Greenwood from his prison cell just verify our worst worries that with every passing day, billions of dollars of possessions are being put beyond hope of healing.

Contraband Cell Phone

Using various Powers of Attorney that were released in Dubai, Greenwood and Ruja Ignatova, another crucial mastermind behind the Onecoin pyramid plan, have actually effectively handled to get banks to thaw checking account that held numerous countless dollars. Greenwood supposedly then utilized a smart phone that is now in the ownership of U.S. police to from another location perform judgment.

Meanwhile, Levy stated he hopes the release of the details about a few of Greenwood’s acts while in jail will require regulators in the United States, Bulgaria, and Dubai to lastly act versus the masterminds.

Do you concur that regulators have refrained from doing enough to assist the victims of the Onecoin rip-off? Tell us what you believe in the remarks area listed below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This short article is for educational functions just. It is not a direct deal or solicitation of a deal to purchase or offer, or a suggestion or recommendation of any items, services, or business. Bitcoin.com does not supply financial investment, tax, legal, or accounting suggestions. Neither the business nor the author is accountable, straight or indirectly, for any damage or loss triggered or declared to be brought on by or in connection with making use of or dependence on any material, products or services pointed out in this short article.