William Morro has been arrested on OneCoin cash laundering fees.
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 “scheme” Morro (proper) was allegedly a part of noticed him “conceal the supply of origin and funds related to OneCoin”.
In his function 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 obtained funds related to OneCoin into financial institution accounts that he managed in China and brought about 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 could 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’m wondering if Morro has been or will likely be arrested too.
Morro was arrested on April twenty third. Along with jail time, Morro’s indictment additionally seeks forfeiture of ill-gotten beneficial properties.
Replace twenty fifth April 2024 – William Morro has pled responsible to 1 rely of financial institution fraud.