William Morro pleads guilty to OneCoin bank fraud
On the same day he was arrested, William Morro was arraigned before a Judge.
At his arraignment Morro pled guilty to one count of conspiracy to commit bank fraud.
Pending filing of a Presentence Investigation Report, Morro (right) is scheduled to be sentenced on August 1st, 2024.
Morro was part of OneCoin’s US money laundering efforts led by Mark Scott. Morro worked closely with Gilbert Armenta to launder “approximately $30 million” in stolen OneCoin investor funds.
Morro laundered investor funds to bank accounts in China to elsewhere in the world, including the US. So as not to trigger suspicion, Morro concealed from the banks that the funds he was laundering were tied to OneCoin.
Having been already convicted, Gilbert Armenta was sentenced to five years in prison in February 2023.
Mark Scott was sentenced to ten years in prison in January 2024. Scott’s sentence is currently under appeal.
Update 4th August 2024 – As per a July 30th rescheduling order, William Morro’s sentencing has been postponed to September 11th, 2024.
Update 13th September 2024 – On August 26th Morro’s attorney wrote to the court requesting an adjournment on his September 11th sentencing.
The stated reason for the request was an apparent filing delay on behalf of the US Probation Office.
The court approved the request and adjourned Morro’s sentencing to October 18th, 2024.
Sounds like Morro copped a pre-arrest plea deal. I wonder who he squealed on?
Between Armenta’s 5 and Scott’s 10, I’d guess Morro’s looking at 1 to 3 years.
My guess is: Sal Leto, Maurice Katz, and Steve Gotberg for their attempt to set up payments through iPro Network for OneCoin US participants.
I always thought Sal, Maurice and Steve were laundering money for OneCoin through them setting up offshore accounts for US citizens to participate in OneCoin.
This all happened when OneCoin was using their IMA’s as payment receivers when OC lost their bank account. Using iPro Network was just another attempt to launder OC funds.
Article updated to note Morro’s new September 2024 sentencing date.
Article updated to note Morro’s sentencing has been pushed back to October.