Scam

UK judge rules to extradite Christopher Hamilton to US for trial on OneCoin scam

A Briton Christopher Hamilton shall be extradited to the U.S. to face cash laundering and wired fraud costs after being indicted within the $ 4 billion OneCoin rip-off, in response to Law360.

Hamilton and his co-accused Robert McDonald had filed to be tried exterior of the US for the reason that majority of the crimes occurred in Britain.

A U.Ok District Choose Nicholas Rimmer, nevertheless, dominated in opposition to their plea and dominated for extradition provided that the victims have been primarily based within the US.

Whereas Hamilton shall be tried within the U.S., McDonald was exempted from the extradition on claims of human rights. He claimed that his spouse was critically sick and his absence could expose her to suicidal tendencies.

The duo is dealing with authorized costs for collaborating within the $4 billion OneCoin Ponzi rip-off pioneered by “CryptoQueen” Ruja Ignatova.

Ignatova’s $4 billion Ponzi scheme

Bulgarian nationwide Ruja Ignatova was the mastermind behind OneCoin, a  Ponzi scheme that price traders throughout 175 international locations to lose $4 billion. For the reason that collapse of the challenge in 2014,  Ignatova has been on the run.

Up to now over 194 international locations have positioned her on the  “needed listing”. The FBI lately added her to the listing of its “prime 10 most needed fugitives”. She was additionally declared needed in Europe and a €5,000 reward was provided to anybody who would offer helpful data that can result in her arrest.

OneCoin beneficiaries going behind bars

Whereas Ignatova is but to be arrested, extra beneficiaries of the rip-off are dealing with trials across the globe.

Ruja’s brother, Konstantin Ignatov was sentenced to a 90-year hail time period following his arrest in March 2019.  He nevertheless agreed to help the FBI in monitoring down his sister.

OneCoin’s lawyer Mark Scott was indicted in Nov. 2019 for laundering $400 million and was topic to a 20-year jail time period. Upon additional investigation in March 2022, David Pike was sentenced to 2 years of probation for serving to Scott launder the OneCoin proceeds.

Posted In: U.Ok., Authorized, Scams

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