On the identical day he was arrested, William Morro was arraigned earlier than a Decide.
At his arraignment Morro pled responsible to 1 rely of financial institution fraud.
Pending submitting of a Presentence Investigation Report, Morro (proper) is scheduled to be sentenced on August 1st, 2024.
Morro was a part of OneCoin’s US cash laundering efforts led by Mark Scott. Morro labored carefully with Gilbert Armenta to launder “roughly $30 million” in stolen OneCoin investor funds.
Morro laundered investor funds to financial institution accounts in China to elsewhere on the planet, together with the US. In order to not set off suspicion, Morro hid from the banks that the funds he was laundering had been tied to OneCoin.
Having been already convicted, Gilbert Armenta was sentenced to 5 years in jail in February 2023.
Mark Scott was sentenced to 10 years in jail in January 2024. Scott’s sentence is presently underneath enchantment.