OneCoin was by far the biggest scam in the history of the Internet. The Bulgarian Cryptoqueen Ruja Ignatova and her co-founder, the Swedisch MLM artist Sebastian Greenwood have ripped off well over $10 billion from retail investors with their Crypto MLM scheme. With the support of willing and greedy lawyers like Mark S. Scott.
On November 21, 2019, a jury found US lawyer Mark Scott guilty of conspiracy to commit money laundering and conspiracy to commit bank fraud. The prosecutors had accused him of money laundering nearly $400 million for the crypto scam OneCoin.In February 2020, Scott filed a motion for acquittal or retrial.
The judgment was based on legally sufficient evidence, the US authorities argue in a response filed on March 23, 2020, with the New York Southern District Court (SDNY). The prosecutors further argue that the evidence at trial against the defendant was overwhelming and included the testimony of seventeen witnesses. Among them the former OneCoin CEO Konstantin Ignatov, the younger brother of OneCoin co-founder Ruja Ignatova.
It was entirely reasonable for the jury to conclude that the defendant knew that he was dealing with the proceeds of an unlawful activity […] Legitimate investment funds whose transactions involve proceeds from lawful activities do not forge documents and create false records on a routine basis.US Government response to Mark S. Scott’s motion
After his conviction, Scott was released on bail pending his sentencing. He should go to his house in Florida under house arrest. In fact, he should have continued to enjoy the high life as reported by the Inner City Press. Matt Russel Lee from Inner City Press said that Scott continued living the high life in Florida including being spotted out to dinner with bodyguards. Scott was arrested in March 2020.