Onecoin Mastermind arrested accused of moving $20 million using Contraband Mobile Phone

Onecoin Mastermind arrested accused of moving $20 million using Contraband Mobile Phone

In a statement released on November 24, 2021, Levy explains how Greenwood, who is currently detained at Manhattan Metropolitan Correctional Center, was able to pull off the transfer. He said Greenwood had been aided by a network of lawyers and a contraband cellphone. The lawyer also said the failure of the SEC and other regulators to confiscate assets and the 230,000 bitcoins stolen from Onecoin is aiding Greenwood’s cause while making it even more difficult for victims to recover their money. He explained:

One of the masterminds behind the Onecoin pyramid scheme, Karl Sebastian Greenwood, reportedly used a contraband mobile phone to move at least $20 million while incarcerated in the United States, according to an attorney representing one of the scheme’s victims. The Onecoin Mastermind is Profiting on Regulators’ Errors. Jonathan Levy, a lawyer for Onecoin victims, claims that Karl Sebastian Greenwood, the pyramid scheme’s jailed co-mastermind, recently shifted at least $20 million that he claims was stolen from investors.

I am shocked and dismayed there has been no attempt to confiscate OneCoin assets. We know that vast amounts of cash, real estate, and cryptocurrency have been unlawfully obtained. The brazen acts of Karl Sebastian Greenwood from his jail cell only confirm our worst fears that with every passing day, billions of dollars of assets are being placed beyond hope of recovery.

Using numerous Powers of Attorney that were issued in Dubai, Greenwood and Ruja Ignatova, another key mastermind behind the Onecoin pyramid scheme, have successfully managed to get banks to unfreeze bank accounts that held hundreds of millions of dollars. Greenwood allegedly then used a mobile phone that is now in the possession of U.S. law enforcement to remotely execute judgment.

Meanwhile, Levy said he hopes the release of the information about some of Greenwood’s acts while in prison will force regulators in the United States, Bulgaria, and Dubai to finally act against the masterminds.

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