Lawyer Mark Scott’s $400M Crypto Scam Conviction Upheld

A national appeals tribunal successful Manhattan has confirmed the 10-year situation condemnation of Mark Scott, a erstwhile spouse astatine the instrumentality steadfast Locke Lord, for his engagement successful a astir $400 cardinal cryptocurrency fraud. 

As per the 2nd U.S. Circuit Court of Appeals, determination was capable grounds to enactment the 2019 condemnation for wealth laundering and slope fraud conspiracy.  

In May, 1 of his defence squad members told Scott’s proceedings was unfair owed to lies nether Oath. Scott was recovered blameworthy of his engagement successful the OneCoin cryptocurrency scam. Besides his 10-year situation sentence, helium was ordered to springiness up implicit $392 million, respective slope accounts, a yacht, and 2 Porsches.

Prosecutors assertion Scott met OneCoin creator Ruja Ignatova, a German national besides known arsenic the “Cryptoqueen,” successful 2015 and began mounting up bogus concern firms to launder millions of dollars successful transgression profits successful 2016. Scott said helium supplied Ignatova with ineligible counsel and was unaware OneCoin was a fraud.

Scott was an planetary mergers & acquisitions and backstage equity spouse astatine Locke Lord from June 2015 until September 2016. A typical for the institution antecedently said that Scott was lone determination for a abbreviated play and that they were unaware of “his idiosyncratic activities extracurricular of the firm.”

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