The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion for a new trial, despite a prosecution witness committing perjury at his 2019 trial.
According to a report dated September 18 report Bloomberg lawyer Mark Scott, 54, argued that he did not know OneCoin was a fraudulent operation at the time and that he should not be charged for his role in creating the fund that laundered money for OneCoin founder Ruja. Cryptoqueenโ Ignatov. .
Scott was convicted of money laundering conspiracy and bank fraud in November 2019, and prosecutors found that Scott earned a total of $50 million through a fraudulent fund that processed payments and transactions diverted from the OneCoin scheme.
Since then, his legal team has been seeking a new trial, citing false testimony from a government witness in the original trial.
As the #A coin Returns: Now money launderer Mark Scott's motion is denied. How many years?
Issued today: "ORDER on Mark S. Scott's motions for a new trial pursuant to Federal Rules of Criminal Procedure 29 and 33. the motions are DENIED." https://t.co/CpstHJAkrrโ Inner City Press (@innercitypress) September 18, 2023
However, during a September 18 hearing, U.S. District Judge Edgardo Ramos denied the attorneys' request for a new trial, saying he was not convinced that "an innocent person could have been convicted." despite false testimony given during Konstantin's 2019 trial. Ignatov.
Ignatov was a government witness who admitted to helping his sister Ruja in the OneCoin fraud.
Scott's attorneys said they would appeal the decision, arguing that their client was "disappointed that the court did not grant a new trial given the indisputable evidence that the only witness who cooperated with the Government committed perjury."
Related: OneCoin compliance chief faces 40-year sentence after extradition to US
OneCoin was launched in 2014 and was marketed as a cryptocurrency with a similar structure to Bitcoin. However, it was later revealed that this was a pyramid scheme that worked by luring new users with fictitious claims and promises of large future profits.
Prosecutors alleged that Scott used the $50 million earned from OneCoin to finance an expensive lifestyle, purchasing a number of luxury items, including numerous multi-million-dollar homes, watches, sports cars and a 17-meter yacht.
On September 12, Ramos condemned OneCoin co-founder Karl Greenwood. to 20 years in prison in the United States after he was found guilty of a litany of charges including fraud and money laundering.
In 2014, a woman named Ruja Ignatova launched a fake cryptocurrency called "OneCoin." Even though the currency never existed, Ruja convinced people around the world to invest. In 2017, after making a $4 billion profit, she boarded a plane to Greece and has not been seen since. pic.twitter.com/DoJCfmy0Uj
โ Informative and interesting (@infotale_in) March 15, 2023
Ruja Ignatov has not been seen since October 2017 and is currently in the Federal Bureau of Investigation Ten Most Wanted List.
Big questions: What's up with all the cryptocurrency deaths?
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