OneCoin lawyer sentenced to 10 years in prison
Mark Scott, a lawyer for the OneCoin cryptocurrency pyramid, was found guilty of two criminal charges. Both are related to bank fraud and money laundering. The U.S. District Court sentence d Mark Scott to 10 years in prison . He is accused of laundering $400 million received from OneCoin. Scott: I have sympathy for OneCoin's victims . Judge Ramos: I sentence you to ten years — Inner City Press (@innercitypress) January 25, 2024 From 2014 to 2016, the OneCoin project earned almost $4 billion. Its native token creators called it a cryptocurrency similar to Bitcoin (BTC) in its structure. Co-founders Ruja Ignatova, the “crypto queen,” and Carl Sebastian Greenwood promoted OneCoin through an MLM network. Later, it turned out that the project was a financial pyramid. However, Scott’s lawyers repeated throughout the trial that their client did not know about OneCoin’s fraud. The prosecution alleged that Scott created an investment fund to process Ig...