• Sat. Jan 15th, 2022

Jailed Onecoin Mastermind Charged With Using Smuggled Cell Phone To Move $ 20 Million – Bitcoin News

ByCindy J. Daddario

Nov 25, 2021

Karl Sebastian Greenwood, one of the masterminds of the Onecoin pyramid scheme, recently used a smuggled cell phone to move at least $ 20 million while locked in a prison in the United States, an attorney for the United States said. one of the victims of the scheme.

Onecoin Mastermind takes advantage of regulatory failures

Lawyer representing Onecoin scam victims Jonathan Levy alleged that jailed pyramid scheme co-leader Karl Sebastian Greenwood recently moved at least $ 20 million that he said was stolen from investors .

In a statement released on November 24, 2021, Levy explains how Greenwood, who is currently being held at the Manhattan Metropolitan Correctional Center, was able to effect the transfer. He said Greenwood was helped by a network of lawyers and a smuggling cell phone.

The attorney also said the failure of the SEC and other regulators to confiscate assets and the 230,000 bitcoins stolen from Onecoin was helping Greenwood’s cause while making it even harder for victims to get their money back. He explained:

I am shocked and dismayed that there has been no attempt to confiscate OneCoin assets. We know that large amounts of money, real estate, and cryptocurrency have been obtained illegally. The brazen acts of Karl Sebastian Greenwood from his prison cell only confirm our worst fears that with each passing day billions of dollars in assets will be placed with no hope of recovery.

Smuggled cell phone

With the help of numerous powers of attorney issued in Dubai, Greenwood and Ruja Ignatova, another key mastermind behind the Onecoin pyramid scheme, managed to trick banks into unlocking bank accounts containing hundreds of millions of dollars. Greenwood then allegedly used a cell phone that is now in the possession of US law enforcement to execute the judgment remotely.

Meanwhile, Levy has said he hopes the release of the information about some of Greenwood’s actions in prison will force regulators in the United States, Bulgaria and Dubai to finally take action against Brains.

Do you agree that regulators haven’t done enough to help the victims of the Onecoin scam? Let us know what you think in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons

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