OneCoin Scheme Lawyer, Mark Scott, Sentenced to 10 Years for Money Laundering
Summary:
Attorney Mark Scott was sentenced to 10 years in prison by a U.S. federal judge for his involvement in the OneCoin cryptocurrency money laundering scheme. Scott, convicted in November 2019 for conspiring to commit bank fraud and money laundering, had his sentencing influenced by both remorse shown for OneCoin victims and the legal push for his minimum imprisonment term - proposed to range from five to 17 years.
In a recent ruling, a federal judge has handed down a 10-year prison sentence to an attorney implicated in the laundering of money via the OneCoin cryptocurrency scheme. The hearing took place on January 25. Inner City Press, on the same date, reported that Judge Edgardo Ramos of the U.S. District Court for the Southern District of New York ordered a decade of incarceration for Mark Scott, due to his involvement in the illicit washing of millions through OneCoin. Scott, found guilty of conspiring to defraud banks and launder money in November 2019, has since been awaiting his sentencing. The prosecution had initially lobbied for a minimal jail term of 17 years for Scott, whereas his defense suggested a five-year term. Prior to his sentencing, Scott reportedly showed remorse for the victims of OneCoin. More details will emerge as this story continues to unfold.
Published At
1/25/2024 11:52:41 PM
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