Lawyer Who Laundered Onecoin Money Denied New Trial

A justice successful the U.S. has rejected a petition by a lawyer who laundered $400 cardinal from the Onecoin crypto pyramid to person a caller trial. The ruling clears the way for sentencing 54-year-old Mark Scott contempt a cardinal prosecution witnesser admittedly lying successful court.

Judge Not Convinced successful Onecoin Lawyer’s Innocence Despite Lies Told by Witness

One of the lawyers who helped the organizers of the notorious crypto Ponzi strategy Onecoin launder wealth volition not get a caller proceedings contempt the lies of a witnesser against him, the member of Onecoin’s mastermind, “Cryptoqueen” Ruja Ignatova, Konstantin.

Prosecutors claimed that Mark Scott made $50 cardinal for mounting up a phony concern money that was utilized to process funds that Ignatova, inactive wanted by the FBI, Interpol, and Europol, took from the scam which collected $4 cardinal from defrauded investors astir the world.

Scott, a erstwhile Locke Lord partner, was recovered blameworthy successful November 2019, Bloomberg reminded successful a report. He utilized the wealth helium received to wage for a lavish lifestyle, including purchases of costly homes successful Cape Cod, Massachusetts, luxury items and cars arsenic good arsenic a ample yacht.

On Monday, U.S. District Judge Edgardo Ramos denied his petition for a caller trial, stating helium wasn’t convinced that “an guiltless idiosyncratic whitethorn person been convicted” contempt the lies of Konstantin Ignatov, 1 of the co-founders of Onecoin, from the witnesser stand.

Konstantin, who aided Ruja Ignatova successful the fraud, was arrested successful Los Angeles 4 years ago, pleaded blameworthy to Onecoin-related charges, sought witnesser extortion successful the United States, and agreed to attest against Mark Scott.

Scott’s defence sought a caller proceedings based connected claims astir ineligible mistakes during the archetypal 1 and grounds that Ignatov had fixed mendacious testimony. Judge Ramos noted that prosecutors did not quality that helium lied astir definite things.

His ruling present paves the mode for Scott to beryllium sentenced. “We are disappointed that the tribunal did not assistance a caller proceedings fixed the undisputed grounds that the Government’s sole cooperating witnesser perjured himself,” Scott’s lawyer, Arlo Devlin-Brown, said successful a statement, adding that his lawsuit intends to entreaty the ruling.

Onecoin lured victims by offering them to put successful a fake cryptocurrency with the aforesaid name, branded arsenic the “Bitcoin killer” astatine immoderate point. It launched successful 2014 and operated arsenic a multi-level selling scheme. Ruja Ignatova was past seen successful 2017 and is inactive missing. Onecoin’s different co-founder, Karl Sebastian Greenwood, was precocious sentenced to 20 years successful situation successful the U.S.

Do you deliberation Mark Scott’s petition for a retrial has capable grounds? Share your thoughts connected the lawsuit successful the comments conception below.