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Mark Scott, a lawyer jailed for 20 years for laundering $400 million from the OneCoin fraud, was denied a brand new trial even after it was confirmed {that a} key authorities witness had lied throughout his trial.
In denying the movement at a Sept. 18 listening to, District Choose Edgardo Ramos mentioned he was unconvinced that “an harmless particular person could have been convicted.” Attorneys for Scott mentioned they might attraction the ruling.
They mentioned they had been “disillusioned that the court docket didn’t grant a brand new trial given the undisputed proof that the federal government’s sole cooperating witness perjured himself.”
A key prosecution witness in Scott’s case was Konstantin Ignatov, brother of “crypto queen“ Ruja Ignatova, the mastermind behind the $4 billion OneCoin rip-off. Ignatov has admitted that he lied on the witness stand and that he helped his sister commit the fraud.
Scott, 54, was convicted in November 2019 of serving to to launder cash and commit financial institution fraud. Prosecutors mentioned he created a faux funding fund that made $50 million. Scott’s attorneys argued that he shouldn’t be held answerable for serving to create an funding fund that was used to launder cash as a result of he didn’t know that OneCoin was a rip-off on the time.
Because the #OneCoin turns: now cash launderer Mark Scott’s movement denied. What number of years?Docketed at this time: “ORDER as to Mark S. Scott’s motions for a brand new trial pursuant to Federal Guidelines of Prison Process 29 and 33. the motions are DENIED.” https://t.co/CpstHJAkrr
— Interior Metropolis Press (@innercitypress) September 18, 2023
The OneCoin Saga
OneCoin, a fraudulent cryptocurrency scheme, operated as a multilevel advertising community, providing commissions to people worldwide for recruiting new contributors to buy OneCoin packages. Defrauding over 3.5 million traders globally, the OneCoin scandal is among the largest fraud schemes in historical past, producing greater than $4 billion in gross sales income and incomes some $2.92 billion in income.
The Disappearance of Ruja Ignatova
Ruja Ignatova vanished in 2017, simply as suspicions surrounding OneCoin started to mount. She co-founded the fraudulent cryptocurrency enterprise in Sofia, Bulgaria, alongside Karl Sebastian Greenwood, who performed a outstanding position in selling OneCoin.
The infamous “Crypto queen” is at present on the FBI’s Ten Most Needed record, with a $100,000 reward for info resulting in her arrest.
Final week, Greenwood was sentenced to a 20-year jail sentence for his position in one of many largest ever frauds.
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