Judge denies former OneCoin lawyer’s motion for new trial
Blockworks
19 Sep 2023 2:47 PM
In Judge Edgar Ramos’ opinion on the motion, he ruled that the motion was denied due to Scott’s proven involvement in OneCoin....
- Former OneCoin lawyer Mark Scott's request for a new trial has been denied.
- Judge Edgar Ramos ruled that the motion was denied due to Scott's proven involvement in OneCoin.
- OneCoin was proven to be a fraud with no functioning blockchain in 2017.
- Scott was convicted in 2019 on one count of money laundering and a count of conspiracy to commit bank fraud.
- Scott laundered approximately $400 million and was paid around $50 million.
- The government presented extensive evidence, including Scott's own emails and testimony from dozens of witnesses.
- The motion for acquittal or new trial for the count of conspiracy to commit bank fraud was denied.
- Scott's motion to request a new trial on the count of money laundering was also denied.
- OneCoin co-founder Karl Sebastian Greenwood faces 20 years in prison for his involvement in the OneCoin scheme.
The article presents a negative sentiment towards Mark Scott and his involvement in the OneCoin scheme.