Crypto Lawyer Denied New Trial in OneCoin Case
A US District Judge has rejected a request for a new trial from Mark Scott, the lawyer who funneled $400 million from the OneCoin cryptocurrency fraud. Scott, who had been found guilty in 2019 of money-laundering conspiracy and bank fraud conspiracy, had maintained during the trial that he was unaware of OneCoin’s fraudulent nature. Despite false testimony from a prosecution witness, Judge Edgardo Ramos expressed doubt that an innocent person might have been wrongly convicted and denied the new trial request. Scott’s attorney plans to appeal the ruling.
OneCoin Scam and Legal Action
OneCoin is one of the biggest known scams, defrauding $4 billion from 3.5 million individuals since its launch in 2014. Ruja Ignatova, known as the “CryptoQueen,” remains at large and on the FBI’s Most Wanted list. Various individuals linked to the scam are facing charges or have been found guilty. Earlier this year, Irina Dilkinska, former Head of Legal and Compliance at OneCoin, was extradited from Bulgaria to the United States after being accused of involvement in the scam.
Hot Take: No New Trial for Lawyer Involved in OneCoin Fraud
The request for a new trial by Mark Scott, the lawyer involved in the OneCoin cryptocurrency fraud case, has been denied by a US District Judge. Despite false testimony from a prosecution witness, Judge Edgardo Ramos expressed doubt about Scott’s claim of innocence and refused to grant a fresh trial. This ruling paves the way for Scott’s sentencing. The OneCoin scam is one of the largest known frauds, defrauding billions of dollars from millions of people worldwide. While Ruja Ignatova, also known as the “CryptoQueen,” remains a fugitive, legal action against individuals connected to the scam continues.
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