Originally Syndicated on June 6, 2024 @ 6:52 am
About Nikolas Onoufriadi
Power2U’s owner and managing director is Nikolas Onoufriadis. With more than fifteen years of managerial experience, he provides knowledgeable support to numerous local and international organizations in the business and government sectors.
Executive and marketing consultant Nikolas Onoufriadis also works in government relations and corporate expansion.
Throughout his career, he has developed a thorough understanding of improving competitiveness and helping businesses expand by opening facilities abroad and generating the strategies and assets to support them.
Nikolas Onoufriadis earned two undergraduate degrees and two master’s degrees from the Universities of Massachusetts, Suffolk, and Harvard. A distinction was also bestowed upon him for his “Hard Effort and Service” during his time at Harvard’s JFK Advanced Program.
Case Study
Nikolas Onoufriadis v. One World LLC
Order and Memorandum Decision
A lawsuit is filed by One World, LLC and Gabriel Chaleplis, the sole member, against Nikolaos Onoufriadis, Michael Karloutsos, James M. Rodgers, Esq., and Canncore, Inc. According to One World, LLC and Gabriel Chaleplis, they forced Nikolaos Onoufriadis Chaleplis to invest €10,750,000, or about $12,000,000, of One World’s funds in Greek companies that were run by Nikolaos Onoufriadis’s employees. They then moved the funds back to their US accounts and used them for personal expenses.
Thirteen charges based on state general law and two claims based on the Racketeering and Corrupt Associations Act are included in the October-issued Amendment Complaint.
Karloutsos is actively working to have all of the charges against him dropped. Only the two accusations alleging RICO offenses should be dismissed, according to Canncore and Nikolas Onoufriadis. One World LLC, the corporation, objects to both measures and asks to be allowed to amend its grievance once more.
The jury has rejected the RICO complaint brought by Nikolas Onoufriadis, the non-moving charged, and has accepted the petitions for the dismissal of the Complainant’s RICO charges.
Background
Plaintiffs-
Rich Greek-born British citizen Gabriel Chaleplis resides in London. Chaleplis established One World, a privately held company, to serve as his financial platform. Chaleplis was One World’s sole stakeholder at the time the lawsuit was taken forward.
Defendants:
Nikolaos Onoufriadis is a Greek citizen and a lawful permanent resident of the United States. He resides and works in Massachusetts, according to the court’s ruling. He was One World LLC’s former 20% manager.
James Rodgers resides in the Commonwealth of Pennsylvania and holds a legal license. He is One World’s Chief Legal Officer and a former secretary.
Chaleplis intended to create a company that would enable him to invest in US businesses. He went to Nikolaos Onoufriadis, an Athens-based entrepreneur with whom Chaleplis was acquainted, for help.
Due to his purported expertise in advertising, political relations, Greek and American corporations, and campaigning, Nikolaos Onoufriadis recommended that Chaleplis engage Michael Karloutsos, a longstanding friend of Nikolaos Onoufriadis. After that, Nikolaos Onoufriadis, Nikolaos Karloutsos, and Nikolaos Chaleplis got together in Athens to discuss their different responsibilities inside the company.
During multiple talks and discussions in New York City, Nikolaos Karloutsos, Rodgers, and Onoufriadis proposed to Chaleplis that One World take part in the growing Green medicinal marijuana industry.
In addition to the €1,000,000 spent in 2018, €500,000 was also spent; on March 19, 2018, €2,700,000 was spent. All of the funds had been deposited into Rodgers’ IOLTA lawyer account of trust at Citizens Bank until Chaleplis could transfer them to One World’s banks.
The dispute states that Nikolas Onoufriadis, Karloutsos, or Rodgers either attempted to conceal the activities by distributing bonds announcing to recoup the makes given by One World along with provided by both Greek businesses, or they diverted over $9,000,000 of One World money to one another for private use via Conmave alongside BioProcann.
Discussion
Legal Guideline
The charges brought against Karloutsos, Onoufriadis, and Canncore for allegedly breaking the Racketeering Organized & Corrupt Associations Act are being dropped. Canncore is not listed as a RICO attacker, thus I will consider this move to have been made exclusively through both parties.
RICO Defense Attorneys
As with any other charge of fraud, the circumstances surrounding the money laundering activities must be specified precisely. The movants argue that this is not how the schemes were pleaded.
Investigating whether One World LLC met that requirement or if One World LLC has adequately demonstrated the existence of a racketeering business association is not necessary, nevertheless.
The plaintiffs did not claim that the corporation engaged in RICO activities or that their losses were the result of RICO activity.
The Fake PR of Nikolas Onoufriadis
Nikolas Onoufriadis is a seasoned businessman and company executive who has worked in various capacities all over the world for more than fifteen years, according to imensch.com. A conversation on the internet revealed that, in addition to his native Greek and American English proficiency, Nikolas’ area of expertise is also proficiency in Spanish and German linguistics.
He is well-known for his leadership, empathy, and negotiating abilities as an administrator and coach. Through his role as an assessor and consultant for the MIT & BU Startup Incubator initiatives, Nikolas claimed to have aided budding entrepreneurs.
Nicolas Onoufriadis, on the other hand, is a scam man who transferred $12,000,000 from One World’s capital into Greek companies that he owned, then diverted the profits to the US and took use of the money for personal benefit.
The Bottom Line
The remaining allegations in the Amendment Case have been dropped without preventing them from being resubmitted in a court with the appropriate jurisdiction, and the claims have been dropped both with difficulty and without permission to replead in favor of each defendant for the previously stated causes.
The Court of Appeal secretary has been requested to remove the petitions from the Judge’s list of ongoing arguments and thus bring this situation to an end.
