Social media has lit up with condolences for high OneCoin scammer Juha Parhiala.
Up to now there hasn’t been any official affirmation of Parhiala’s loss of life, reportedly in a single day throughout Might 10th/11th.
Born in 1958 and hailing from Finland, Parhiala is finest identified for co-owning the OneCoin Grasp Distributor place with Sebastian Greenwood.
Via the place Parhiala and Greenwood stole hundreds of thousands of from OneCoin victims.
When BehindMLM final checked in on Parhiala in 2017, he had simply purchased a bar in Cambodia.
On the time Parhiala was dwelling in Thailand. In accordance with his private Fb profile, Parhiala in some unspecified time in the future fled Asia for Dubai.
Dubai is at present the MLM crime capital of the world. The UAE has no vital extradition treaties and MLM regulation is non-existent.
Parhiala’s reported loss of life follows the arrest of Frank Schneider. Along with overseeing cash laundering inside OneCoin, Schneider labored as Ruja Ignatova’s fixxer.
His arrest is a significant coup for US authorities, who’re slowly apprehending key OneCoin figures.
Parhiala’s accomplice in crime, Sebastian Greenwood, was arrested in Thailand at the behest of US authorities in 2018.
Whether or not US authorities had been pursuing Parhiala is unclear. Between Schneider and Greenwood, they’d have definitely had sufficient intel to push for an indictment.
I suppose it comes right down to the extent Parhiala was concerned in operating OneCoin versus simply stealing cash.
After OneCoin Parhiala connected himself to the short-lived clone Ponzi Solidus Global.
Residing off the cash he stole from OneCoin victims, in his later years Parhiala tried to rebrand himself as a charitable “motivational speaker and unbiased coach”.
Parhiala’s final social media publish was made on Might sixth.