OneCoin’s lawyer was sentenced to 10 years in prison.
At a hearing on January 25, a federal judge sentenced a lawyer responsible for money laundering through the OneCoin crypto scheme to 10 years in prison.
On January 25, according to Inner City Press, US District Court for the Southern District of New York Judge Edgardo Ramos sentenced Mark Scott to 10 years in prison for defrauding millions of dollars through OneCoin. The lawyer He was charged with conspiracy to commit bank fraud and money laundering in November 2019 and is awaiting sentencing.
Prosecutors pushed for a minimum sentence of 17 years in prison for Scott, but the legal team opted for just five years. Before sentencing, he expressed his condolences to the victims of OneCoin.
Scott: I feel sorry for the victims of OneCoin. Judge Ramos: I will sentence you to ten years.
— Inner City Press (@innercitypress) January 25, 2024
Scott has worked with OneCoin to raise funds under the direction of ‘Cryptoqueen' Ruja Ignatova. In the year In 2014, she founded a crypto company with Carl Sebastian Greenwood. Although she was involved in the OneCoin scheme, Ignatova was no longer around at the time of publication.
Related: OneCoin: A deep dive into crypto's most notorious Ponzi scheme
Greenwood was sentenced to 20 years in September 2023 for fraud and money laundering and was ordered to pay $300 million in restitution to OneCoin victims. Irenia Dilkinska, the former chief compliance officer at OneCoin, pleaded guilty to two criminal charges in November 2023, with sentencing set for February.
Scott's lawyers reportedly plan to seek bail pending an appeal of his conviction. OneCoin's lawyer is one of many people involved in crypto companies, including former FTX CEO Sam Bankman-Fried, former Binance CEO Changpeng Zhao and former Celsius CEO Alex Mashinsky. .
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