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.

Update 1st January 2025 – 
William Morro was
sentenced to one year probation
on October 18th, 2024.

🤖 Quick Answer

What crime did William Morro plead guilty to?
William Morro pleaded guilty to one count of conspiracy to commit bank fraud as part of OneCoin's US money laundering operations, working alongside Mark Scott and Gilbert Armenta to launder approximately $30 million in stolen investor funds through international bank accounts.

Who was William Morro's accomplice in the money laundering scheme?
Gilbert Armenta was William Morro's principal accomplice in the OneCoin money laundering conspiracy. Armenta worked closely with Morro to transfer approximately $30 million in stolen investor funds to bank accounts in China and other international locations while concealing the OneCoin connection from financial institutions.

What sentence did Gilbert Armenta receive for his involvement?
Gilbert Armenta was convicted and sentenced to five years in prison in February 2023 for his role in laundering OneCoin investor funds

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