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US judge sentences OneCoin lawyer Mark Scott to 10 years in prison

US judge sentences OneCoin lawyer Mark Scott to 10 years in prison

CointimeCointime2024/01/26 01:26
By:Cointime

US Southern District Court Judge Edgardo Ramos sentenced OneCoin lawyer Mark Scott to 10 years in prison for laundering millions of dollars through OneCoin. The lawyer was convicted of conspiracy to commit bank fraud and conspiracy to launder money in November 2019 and is currently awaiting sentencing. Prosecutors requested a minimum of 17 years imprisonment for Scott, while his legal team suggested only 5 years. It was reported that he expressed sympathy for OneCoin victims before his sentencing. According to reports, Scott's lawyers stated that they intend to apply for bail and await the sentencing decision appeal.

Scott worked with OneCoin to launder money under the guidance of "Cryptocurrency Queen" Ruja Ignatova. Ignatova co-founded the cryptocurrency company with Karl Sebastian Greenwood in 2014. Although Ignatova was involved in the OneCoin plan, she remains at large at the time of publication. In September 2023, Greenwood was sentenced to 20 years imprisonment for fraud and money laundering charges and ordered to pay $300 million in compensation to OneCoin victims. Former OneCoin Chief Compliance Officer Irinia Dilkinska admitted to two felony charges in November 2023 and is scheduled to be sentenced in February of this year. (Cointelegraph)

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