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OneCoin & Christopher Hamilton Scam Review

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Christopher Hamilton, a OneCoin money launderer, will be extradited from the United Kingdom to the United States.

Hamilton’s appeal to escape extradition was denied on Tuesday. The court rejected Hamilton’s argument that because the majority of his fraud happened outside of the United States, he should be tried in the United Kingdom.

According to Law360 (paywall), another factor weighing in favor of extradition is the UK’s lack of interest in pursuing OneCoin fraudsters.

The City of London Police suspended its investigation into OneCoin in 2019, and “there appears to be little hint, much less certainty, of a prosecution here in the United Kingdom,” according to Judge Rimmer.

“Wherever victims are located, it is in their best interests for criminals implicated to be prosecuted rather than not be prosecuted,” stated Judge Rimmer. “This aspect tips the scales in favor of extradition.”

Hamilton has the opportunity to appeal, after which the decision must still be approved by the UK’s Secretary of State.

Robert McDonald, Hamilton’s accomplice, resisted extradition on humanitarian grounds.

The judge decided in McDonald’s favor, finding that extraditing him would violate his human right to respect for family life.

McDonald is the caregiver for his “very sick” wife, who has progressive multiple sclerosis, and has declared “clear and real suicide intent” if he is deported, according to the verdict.

Again, given the UK’s lack of interest in pursuing OneCoin fraudsters, I presume McDonald is off the hook.

Judge Rimmer made the following observation on McDonald:

There is no proof that Robert MacDonald profited financially (or indications e.g. such as a lavish lifestyle).

The specifics of Christopher Hamilton’s criminal case in the United States have yet to be made public. I’m presuming Hamilton’s indictment is sealed awaiting extradition to the United States.

Hamilton is thought to have helped OneCoin launder £75 million GBP. Hamilton laundered the funds through Viola Money, a UK shell company that he also used to launder OmegaPro Ponzi funds.

Hamilton has not yet filed an appeal. If he does, it is unclear how long that will take and/or whether the Secretary of State will sign off on it.

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