Reports suggested that the latest individual to be charged in connection to the crypto scheme was associated with Gilbert Armenta, the boyfriend of OneCoin founder Ruja Ignatova.
Officials with the United States Justice Department have arrested and charged William Morro for bank fraud in connection with the OneCoin crypto scheme.
According to April 23 filings in U.S. District Court for the Southern District of New York, Morro was responsible for transferring $35 million in funds connected to OneCoin from bank accounts in China to one in Hong Kong in 2016. The superseding indictment alleged that Morro moved more than $6 million from the Hong Kong account to a U.S. one he controlled as part of a scheme to defraud.
Morro voluntarily surrendered to authorities and pleaded guilty to one count of conspiracy to commit bank fraud. He has been released on his own recognizance until a sentencing hearing scheduled for Aug. 1. Justice Department officials included an order of forfeiture related to the illicit assets in the OneCoin case.