- A lawyer related to Onecoin, Mark Scott, has been convicted of two felony counts associated to financial institution fraud and cash laundering and sentenced to 10 years in jail.
A federal choose sentenced a lawyer liable for cash laundering via the OneCoin crypto scheme to 10 years in jail following a Jan. 25 listening to.
In line with reporting from Internal Metropolis Press on Jan. 25, Choose Edgardo Ramos of US District Court docket for the Southern District of New York sentenced Mark Scott to 10 years behind bars for his position in laundering hundreds of thousands of {dollars} via OneCoin.
The lawyer was convicted of conspiracy to commit financial institution fraud and conspiracy to commit cash laundering in November 2019 and has been awaiting sentencing.
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Prosecutors pushed for Scott to obtain a minimal sentence of 17 years, whereas his authorized staff advisable solely 5 years in jail.
He reportedly expressed sympathy for OneCoin’s victims earlier than being sentenced.
Scott’s lawyer: The prosecutors capped Irina Dilkinska at 10 years, and we submit she’s extra culpable than Mark. Armenta acquired 5 years, we would like that.
[Inner City Press notes Armenta’s sentencing memo was heavily redacted]
Scott: I intend to enchantment— Internal Metropolis Press (@innercitypress) January 25, 2024
Scott labored with OneCoin by laundering funds on the course of ‘Cryptoqueen’ Ruja Ignatova. She co-founded the crypto agency with Karl Sebastian Greenwood in 2014.
Though implicated within the OneCoin scheme, Ignatova remained at massive on the time of publication.
Greenwood was sentenced to twenty years on fraud and cash laundering expenses in September 2023 and ordered to pay $300 million in restitution to OneCoin victims.
Irinia Dilkinska, the previous chief compliance officer at OneCoin, pleaded responsible to 2 felony counts in November 2023, with sentencing scheduled for February.
Scott’s legal professionals reportedly stated they supposed to request bail pending an enchantment of the sentencing determination.
The OneCoin lawyer is one in all many figures concerned in crypto companies to probably face years in jail for his or her alleged roles in cash laundering or fraud schemes, together with former FTX CEO Sam Bankman-Fried, former Binance CEO Changpeng Zhao, and former Celsius CEO Alex Mashinsky.