Accomplice of 'Cryptoqueen' Ruja Ignatova faces extradition to US: Report

Accomplice of 'Cryptoqueen' Ruja Ignatova faces extradition to US: Report

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The British nationwide going through extradition was allegedly concerned in laundering $105 million by way of the crypto Ponzi scheme OneCoin beginning in 2014.
Christopher Hamilton, a British nationwide allegedly related to Cryptoqueen’ Ruja Ignatova’s cryptocurrency scheme OneCoin, reportedly faces extradition to the USA on fees associated to a rip-off going again to 2014.
In response to a Tuesday report from authorized information outlet Law360, a decide in the UK will allow the method to maneuver ahead for Hamilton to be extradited to the U.S. on fees of wire fraud and cash laundering. Hamilton was allegedly concerned in laundering $105 million by way of the crypto Ponzi scheme OneCoin, which defrauded greater than 3 million traders of greater than $4 billion by way of the sale of packages beginning in 2014.
A decide cleared the best way Tuesday for a British man to be extradited to the U.S. to face cash laundering and wire fraud fees stemming from the worldwide OneCoin cryptocurrency rip-off. https://t.co/6nDFizeCt9
Underneath a bilateral extradition settlement between the USA and the UK signed in 2003, an government authority of the U.Ok. authorities — on this case, probably Dwelling Secretary Priti Patel — will resolve whether or not to proceed with Hamilton’s switch to U.S. custody. In response to the U.S. Division of Justice, the extradition process “can take many months and even years to finish.” Hamilton may even probably be capable to attraction the choice.
Associated: Alexander Vinnik reportedly en route to the US after extradition
Ignatova obtained a spot on the FBI’s Ten Most Wanted list in June for her alleged involvement within the crypto Ponzi scheme. In response to the FBI, the Cryptoqueen’s final identified location was in Athens in 2017. The bureau provided to pay as much as $100,000 for info resulting in her arrest. Europol can be offering a 5,000-euro reward for “essential info” associated to Ignatova’s whereabouts.
“Ignatova allegedly made false statements and representations about OneCoin to attract folks to spend money on OneCoin packages,” said the FBI in June. “In response to investigators, Ignatova and her associate additionally promoted OneCoin by way of a multi-level advertising technique that urged OneCoin traders to promote extra packages to family and friends.”

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