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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, lately used a contraband cell phone to maneuver at the very least $20 million whereas holed up in a jail in the US, an legal professional 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, lately moved at the very least $20 million which he insists was stolen from buyers.

In an announcement launched on November 24, 2021, Levy explains how Greenwood, who’s presently detained at Manhattan Metropolitan Correctional Middle, was in a position to 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 property and the 230,000 bitcoins stolen from Onecoin is aiding Greenwood’s trigger whereas making it much more tough for victims to get better their cash. He defined:

I’m shocked and dismayed there was no try and confiscate OneCoin property. 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 property are being positioned past hope of restoration.

Contraband Cell Cellphone

Utilizing quite a few Powers of Legal professional that had 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 hundreds of 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 US, Bulgaria, and Dubai to lastly act in opposition to the masterminds.

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

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