Lawyer who laundered $400M from OneCoin scam denied new trial: Report


19 Sep 2023 4:41 AM

54-year-old lawyer Mark Scott has been denied a new trial despite his claims that a key government witness gave false testimony in a prior trial against him. ...

  • Lawyer Mark Scott, responsible for laundering $400 million from the OneCoin fraud, has been denied a motion for a new trial.
  • Scott argued that he didn't know OneCoin was fraudulent and should not be charged for his role in setting up the fund.
  • He was found guilty of money laundering and bank fraud conspiracy in 2019, earning $50 million through a fraudulent fund.
  • Scott's legal team sought a new trial based on false testimony from a government witness, but the request was denied.
  • OneCoin was revealed to be a pyramid scheme, and Scott allegedly used the proceeds to finance an extravagant lifestyle.
  • OneCoin co-founder Karl Greenwood was sentenced to 20 years in prison, while Ruja Ignatov remains on the FBI's Most Wanted List.

The article presents a negative sentiment towards Mark Scott and his involvement in the OneCoin fraud.

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You May Ask

Why was Mark Scott denied a motion for a new trial?What was the role of the government witness in the original trial?What is the current status of Ruja Ignatov?How did OneCoin operate as a pyramid scheme?What were the consequences for Karl Greenwood's involvement in OneCoin?

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