William Morro has been arrested on OneCoin cash laundering costs.
As per an April twenty third superseding indictment charging Morro with financial institution fraud;
Morro knowingly execute[d] … a scheme … to defraud a monetary establishment … and to acquire moneys, funds, credit, property, securities and different property … via false and fraudulent pretenses, representations and guarantees.
The cited “scheme” Morro (proper) was a part of was to “conceal the supply of origin and funds related to OneCoin”.
In his position as an alleged OneCoin cash launderer, Morro made false statements to banks to hide the origin of stolen OneCoin investor funds.
In or about 2016, William Morro acquired funds related to OneCoin into financial institution accounts that he managed in China and induced a portion of these proceeds to be transferred to different accounts, together with to a checking account held at a financial institution in the USA, and didn’t disclose, amongst different issues, that the funds have been derived from OneCoin.
Between March and April 2016, Morro is alleged to have laundered “roughly $35 million” for OneCoin. Between April and June 2016 Morro allegedly laundered one other $6.2 million.
Though William Morro is comparatively unknown to me, he has made an look on BehindMLM.
In September 2020 BehindMLM reader Semjon tied Morro to convicted OneCoin cash launderers Mark Scott and Gilbert Armenta.
I’ll elaborate sooner or later however William Charles Morro has been a key determine in Armenta’s schemes — together with OneCoin associated ones.
With Armenta, Morro acquired and destroyed banks in Georgia and Zambia for Ruja… I ponder if Morro has been or can be arrested too.
Morro was arrested on April twenty third. Along with jail time, Morro’s indictment additionally seeks forfeiture of ill-gotten positive aspects.