British man cannot be extradited to US over fake cryptocurrency scheme, court rules

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LONDON, Nov 16 (Reuters) - 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..

OneCoin co-founder Karl Greenwood was jailed in New York for 20 years for fraud and money laundering in September...

Judge Victoria Sharp said most of the alleged money laundering by Hamilton took place in the United Kingdom and that British police and prosecutors should investigate if Hamilton can face criminal charges in his home country...

City of London Police had closed its investigation in 2019 but, Sharp said, it had not identified "potentially critical incriminating evidence" later discovered by U.S. authorities that can now be used by British police...

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