Social media has lit up with condolences for prime OneCoin scammer Juha Parhiala.
So far there hasn’t been any official affirmation of Parhiala’s demise, reportedly in a single day throughout Could tenth/eleventh.
Born in 1958 and hailing from Finland, Parhiala is finest identified for co-owning the OneCoin Grasp Distributor place with Sebastian Greenwood.
By means of the place Parhiala and Greenwood stole hundreds of thousands of {dollars} from OneCoin victims.
When BehindMLM final checked in on Parhiala in 2017, he had simply bought a bar in Cambodia.
On the time Parhiala was residing in Thailand. In accordance with his private Fb profile, Parhiala sooner or later fled Asia for Dubai.
Dubai is at present the MLM crime capital of the world. The UAE has no vital extradition treaties and MLM regulation is non-existent.
Parhiala’s reported demise follows the arrest of Frank Schneider. Along with overseeing cash laundering inside OneCoin, Schneider labored as Ruja Ignatova’s fixxer.
His arrest is a serious coup for US authorities, who’re slowly apprehending key OneCoin figures.
Parhiala’s associate in crime, Sebastian Greenwood, was arrested in Thailand on the behest of US authorities in 2018.
Whether or not US authorities have been pursuing Parhiala is unclear. Between Schneider and Greenwood, they’d have definitely had sufficient intel to push for an indictment.
I suppose it comes all the way down to the extent Parhiala was concerned in working OneCoin versus simply stealing cash.
After OneCoin Parhiala connected himself to the short-lived clone Ponzi Solidus World.
Residing off the cash he stole from OneCoin victims, in his later years Parhiala tried to rebrand himself as a charitable “motivational speaker and unbiased coach”.
Parhiala’s final social media put up was made on Could sixth.