- Christopher Hamilton is accused of working with Onecoin Ponzi scheme leaders who made away with billions of dollars stolen from unsuspecting investors.
- The alleged money launderer lost his bid to avoid extradition to the U.S following an appeal to be prosecuted in the U.K.
A U.K court has denied Christopher Hamilton, one of the accused persons in the OneCoin cryptocurrency Ponzi scheme, prayers to have an extradition request against him by the US set aside.
According to a report by LAW360, the alleged money launderer lost his bid to avoid extradition on Tuesday, despite attempts to convince the court that since most of the fraud was committed outside the U.S. he should be prosecuted in the U.K.
However, according to the presiding judge, the City of London Police had shelved their investigation on the matter in 2019, further signaling that the UK was not interested in prosecuting those behind the OneCoin scheme.
“There appears to be no indication, still less certainty, of a prosecution here in the U.K.,” said Judge Rimmer.
Wherever victims are based, it is in their interests for perpetrators involved to be prosecuted rather than not to be. This factor weighs in favour of extradition.
Hamilton is being sought after by the U.S. for helping launder $105 million connected to the OneCoin Ponzi scheme through shell companies. Previously, the same court granted Robert McDonald,…
