Onecoin Lawyer Mark Scott Sentenced to 10 Years for Money Laundering

Onecoin Lawyer Mark Scott Sentenced to 10 Years for Money Laundering

Mark Scott, a lawyer entangled in the infamous Onecoin cryptocurrency fraud, was sentenced to 10 years in prison by the U.S. District Court. The sentencing comes after a 2019 conviction.
Onecoin Lawyer Mark Scott Receives Decade-Long Prison Sentence
Mark Scott, a lawyer associated with the infamous crypto firm, was sentenced to a decade in prison. Scott faced charges of bank fraud and money laundering in connection to the Onecoin scheme. This sentencing, handed down by U.S. District Judge Edgardo Ramos on Jan. 25, follows his November 2019 conviction on two felony counts.
According to Inner City Press, which reported live from the courtroom, the sentencing revealed details of Scott’s attempts to manage his assets following the conviction. Notably, he sold a Porsche for $250,000 and transferred $300,000 to an account in the Cayman Islands. These actions were brought up by the Assistant U.S. attorney as efforts to protect assets from forfeiture, which were meant to compensate Onecoin v

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