Lawyer Found Guilty of Money Laundering for OneCoin’s Cryptoqueen
Joeri Cant's original article for cointelegraph.com reduced by 40%
A Manhattan federal jury has found lawyer Mark S. Scott guilty of helping OneCoin co-founder and current fugitive Ruja Ignatova launder $400 million. On Nov.
21, Law360 reported that the Manhattan jury of six women and six men decided to hand down a guilty verdict to Scott, a former partner at law firm Locke Lord who was suspected of being paid $50 million to launder $400 million for Ignatova, also known as the "Cryptoqueen." The jury did not buy Scott's claim that he had no knowledge that OneCoin was a scam and that he was only doing his best as Ignatova's lawyer to represent her interests. Cointelegraph reported yesterday that OneCoin is considered to be among the crypto industry's most infamous exit scams. Scott reportedly used a wide network of fake companies, offshore bank accounts and fraudulent investment schemes to launder the ill-gotten funds.
In March 2019, Ignatova's brother and co-founder of crypto scam OneCoin, Konstantin Ignatov, was arrested at Los Angeles International Airport. He pleaded guilty to the participation in the multi-billion dollar fraud and money laundering.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.