OneCoin lawyer denied review of $400 million laundering case


A lawyer who laundered $400 million for the OneCoin cryptocurrency pyramid scheme has been denied a new trial despite lies from a prosecution witness. Bloomberg reports this.

In November 2019, Mark Scott was found guilty of conspiracy to commit money laundering and bank fraud. The court also agreed with the statements of representatives of the US Attorney’s Office that the lawyer personally earned $50 million in the process.

The damage from the activities of OneCoin, founded by Ruja Ignatova, is estimated at $4 billion. According to Scott, he did not know that the project was fraudulent.

Rudzhi’s brother, Konstantin Ignatov, acted as a witness for the prosecution in court against him. He was arrested in March 2019 at Los Angeles Airport. He subsequently pleaded guilty to several charges. The US government sought a deferment of Ignatov’s sentencing, saying that cooperation with him had not yet been completed.

Scott moved for a new trial based on allegations of legal errors and evidence of witness tampering. Prosecutors did not dispute that Ignatov lied about some things.

U.S. District Judge Edgardo Ramos denied Scott’s request. According to his statement, he is not convinced that “an innocent person could have been convicted.” The court’s decision opens the possibility of sentencing.

Scott’s lawyer said they intend to appeal.

Ruja Ignatova disappeared in 2017. In the spring of 2022, Europol included the OneCoin hacker on its list of most wanted criminals (at the time of writing, her card is not listed there). Later she was included in a similar list from the FBI. According to media reports, Ignatova was killed in November 2018 on a yacht in the Ionian Sea.

In December 2022, the co-founder and main promoter of the pyramid scheme, Sebastian Greenwood, pleaded guilty to fraud and money laundering. In mid-September, Judge Ramos sentenced him to 20 years in prison.

Let us remind you that the US Attorney’s Office has brought charges against the former head of the legal department and compliance of OneCoin, Irina Dilkinska, for which she faces up to 40 years in prison.

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