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Bank of Ireland Execs Back Out of Testifying in OneCoin Scam Hearings

Published 10/11/2019, 07:32 PM
Updated 10/11/2019, 07:41 PM
Bank of Ireland Execs Back Out of Testifying in OneCoin Scam Hearings

Bank of Ireland (BOI) executives have backed out of the testimony before the United States Government in the criminal proceedings regarding a $400 million worth money laundering scheme through cryptocurrency scam OneCoin.

As fintech-focused news outlet FinanceFeed reported on Oct. 11, the U.S. Government filed a Letter with the Court on Oct. 10, in which it clarified that over the past week it had tried to get voluntary witness testimony in Ireland. However, the witnesses changed their stance toward the prospect of testifying and would now testify only in response to compulsory process under the U.S.-Ireland Mutual Legal Assistance Treaty (MLAT).

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