UK judge rules to extradite Christopher Hamilton to US for trial on OneCoin scam
British Christopher Hamilton handed over to the U.S. to face money laundering and wire fraud charges after being indicted in a $4 billion OneCoin scam, according to Law360.
Hamilton and accomplice Robert McDonald submitted Since most of the crimes were committed in the UK, they will be tried outside the US.
However, British District Court Judge Nicholas Rimmer dismissed their plea and ruled on extradition, given that the victims were based in the United States.
Hamilton faces trial in the United States, but McDonald’s is exempted from extradition on human rights grounds. He claimed that his wife was seriously ill and that his absence could expose her to suicidal tendencies.
The duo are facing legal liability for participating in the $4 billion OneCoin Ponzi scam pioneered by “CryptoQueen” Ruja Ignatova.
Ignatova’s $4 billion Ponzi scheme
Ruja Ignatova of Bulgaria is the ringleader one coin, A Ponzi scheme that lost $4 billion to investors in 175 countries. Ignatova has been on the run since the project collapsed in 2014.
More than 194 countries have put her on their “wanted list” so far. The FBI recently added her to its “Top 10 Most Wanted Fugitives” list. She was also declared wanted in Europe and A reward of €5,000 was offered to anyone who provided useful information leading to her arrest.
OneCoin Beneficiary Goes To Jail
Ignatova has not yet been arrested, but beneficiaries of this scam are on trial around the world.
Konstantin Ignatov, Luzha’s brother declared After being arrested in March 2019, he was sentenced to 90 years in prison. However, he agreed to assist his FBI in tracking down his sister.
one coin lawyer Mark Scott He was indicted in November 2019 for laundering $400 million and was sentenced to 20 years in prison. Upon further investigation in March 2022, David Pike Scott has been sentenced to two years’ probation for helping to launder OneCoin’s proceeds.
