According to court documents filed in the Southern District of New York, another person involved in OneCoin, William Morro, has been arrested. Prosecutors said Morro concealed the source of funds related to OneCoin by lying to banks about the source of funds. He was involved in transferring $35 million in funds related to OneCoin to an account in Hong Kong and also transferred about $6 million to an account in the United States.
Prosecutors eventually charged Morro with bank fraud conspiracy. Morro signed a statement agreeing to "abandon criminal prosecution in the form of an indictment and agree to proceed in the form of an information rather than an indictment."
OneCoin was founded in 2014 by Karl Sebastian Greenwood and the so-called crypto queen Ruja Ignatova. Greenwood was arrested in Thailand in 2018, charged with fraud and money laundering, and extradited to the United States. Last year, he was sentenced to 20 years in prison and fined $300 million. (The Block)