UK: British Man Cannot Be Extradited to US Over Fake Cryptocurrency Scheme, Court Rules

Source: US News & World Report

“A British man wanted in the U.S. on money laundering and wire fraud charges linked to the fake cryptocurrency OneCoin on Thursday won his battle against extradition, with London’s High Court ruling he should face prosecution in Britain. Christopher Hamilton, 64, was indicted by a New York grand jury in 2019 over his alleged role in a $4 billion Ponzi scheme that defrauded around 3.5 million people worldwide. He has previously denied wrongdoing. OneCoin co-founder Karl Greenwood was jailed in New York for 20 years for fraud and money laundering in September. Its other founder, Ruja Ignatova, who prosecutors say is also known as the ‘Cryptoqueen,’ is on the FBI’s 10 most-wanted list and remains at large. Hamilton’s extradition to the U.S. was approved last year, but his appeal against that decision was upheld on Thursday.” (11/16/23)