Cryptocurrency chief facing extradition from UK to US on fraud charges
Judge Samuel Goozee said British ministers should decide whether Manpreet Kohli can be extradited after prosecutors alleged $20 million in token sales.
- A British-based cryptocurrency executive faces extradition to the United States after losing his legal challenge last week. Judge Samuel Goozee rejected Manpreet Kohli's bid to block his transfer to face wire fraud and market manipulation charges.
- Prosecutors accused Kohli, the 45-year-old leader of Saitama, of orchestrating widespread fraud. The company promoted a token that once reached a market value of $7.5 billion, while leaders allegedly profited by selling holdings privately for millions.
- Kohli argued U.S. custody posed an unacceptable suicide risk, but Judge Goozee dismissed the concern. "I find there are clearly appropriate arrangements in place... to cope with mental health," Goozee said in his ruling.
- The case now moves to British ministers for a final extradition decision, typically a formality. Kohli remains free on £200,000 bail and retains the right to appeal the ruling.
- Earlier this month, a federal judge in Boston rejected Kohli's bid to dismiss the indictment, ruling the Saitama token could legally be considered a security subject to U.S. regulation.
16 Articles
16 Articles
Cryptocurrency chief facing extradition from UK to US on fraud charges
The British-based chief executive of a cryptocurrency company who is wanted in the United States on charges of wire fraud and market manipulation faces being sent to the U.S. to stand trial after he lost his fight against extradition last week.
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Pakistan Live NewsCrypto CEO faces extradition from UK to US over fraud and market manipulation charges
The British-based executive behind a multibillion-dollar token project has exhausted his local legal challenges, clearing the path for a high-stakes transfer to American custody over widespread...
Crypto CEO Faces US Extradition in Alleged $20M Token Scheme
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Saitama Executive Loses UK Extradition Challenge in US Fraud Case
Manpreet Kohli is closer to being extradited from the UK to the US after a British judge rejected his challenge over fraud and market-manipulation charges tied to the Saitama cryptocurrency project. Kohli, who led Saitama when its token reached a market value of about $7.5 billion, is accused by US prosecutors of secretly selling tokens while publicly claiming to hold and purchase them. Prosecutors allege Kohli made about $20 million from the sa…
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