OneCoin’s William Morro sentenced to one year probation
Jan.01, 2025 in
OneCoin, regulation
OneCoin money launderer William Morro has been sentenced to one year probation.
Morro’s sentence was handed down on October 18th, following a guilty plea entered in April 2024.
In addition to probation, Morro (right) was also fined $2000.
As per his indictment, Morro laundered around $41.2 million for OneCoin in 2016.
Morro knowingly execute[d] … a scheme … to defraud a financial institution … and to obtain moneys, funds, credits, assets, securities and other property … by means of false and fraudulent pretenses, representations and promises.
Morro worked with Gilbert Armenta and Mark Scott.
Armenta was sentenced to five years in prison in February 2023. Scott received a ten year prison sentence in January 2024.
Not sure what happened with this one. Was going through my case list and realized I hadn’t reported on it.
Absolutely wild, guy knowingly laundered millions
Gets a $2000 fine
And, no jail time!
*Mark Scott rage intensifies*
Morro must be very cooperative.
Maybe he didnt want to and he is innocent.
“Didn’t want to” isn’t a legal defence. And Morro already pled guilty.
Not much point pretending you didn’t do the thing when your co-conspirators have already been sentenced.