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- The accused, Mark Scott, laundered $400 million via the OneCoin crypto rip-off, the prosecutors claimed.
- In November 2019, the courtroom discovered Scott responsible of cash laundering and financial institution fraud.
The U.S. District Decide has denied a movement looking for a brand new trial for Mark Scott, the lawyer accused of laundering $400 million via the OneCoin cryptocurrency rip-off, Bloomberg reported.
In November 2019, the courtroom found Scott responsible of cash laundering and financial institution fraud. The prosecutors claimed Scott made practically $50 million via a fraudulent fund that processed funds obtained illegally from the OneCoin scheme.
Scott argued that he was not conscious of the fraudulent nature of the OneCoin scheme on the time of operation. He urged Decide Edgardo Ramos to not cost him for organising the fund that laundered funds for OneCoin founder Ruja “CryptoQueen” Ignatov.
His legal professionals additionally identified that Ruja Ignatov’s brother Konstantin, a prosecution witness, had given a false testimony to the courtroom earlier.
However the decide was adamant that the ruling was acceptable, saying he was not satisfied that “an harmless individual might have been convicted” regardless of a witness’ false testimony.
Scott’s legal professionals have determined to attraction the judgement, disillusioned that the courtroom ignored “undisputed proof” of a false testimony.
This quite powerful stance is nothing new for Decide Ramos. Final week, he sentenced OneCoin co-founder Karl Sebastian Greenwood to twenty years in jail and a tremendous of $300 million.
OneCoin scammed 3.5 million people of $4 billion
The OneCoin crypto rip-off defrauded 3.5 million people of $4 billion since its launch in Bulgaria in 2014. The workforce of fraudsters not solely likened the OneCoin token to Bitcoin [BTC], but in addition known as it the “Bitcoin killer.”
The opposite co-founder and the worldwide face of the rip-off, Ruja “CryptoQueen” Ignatova, stays on the run. The “CryptoQueen” remains on the Most Needed listing of the Federal Bureau of Investigation (FBI).
Different members related to the OneCoin crypto rip-off are dealing with costs or discovered responsible or are absconding.
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