Feds Battle OneCoin Launderer’s Acquittal Motion

Feds Battle OneCoin Launderer’s Acquittal Motion
фото показано с : bitcoinist.com

2020-3-25 15:23

Federal prosecutors have replied to Mark Scott’s attempt to have his OneCoin fraud convictions dismissed. Last year a jury found Scott guilty of laundering USD $400 million for the crypto scam, all while keeping millions for himself. ONECOIN PROSECUTORS CALL EVIDENCE “OVERWHELMING” The OneCoin thieves stole billions from naive investors by advertising a fake cryptocurrency that was, in truth, a Ponzi scheme. The well-marketed operation began in 2014, and continues to function, albeit on a much smaller scale. Scott, a former Locke Lord attorney with extensive experience in finance, began working with OneCoin in 2016. He made $50 million by laundering OneCoin profits through foreign banks. He used the money to fund a lavish lifestyle that he frequently documented on social media. During his trial he asserted that he did not realize it was a scam, and that he was an innocent player in the criminal operation. The jury disagreed, convicting him on several counts of fraud last November. Facing up to fifty years in prison, Scott has appealed his conviction. Prosecutors have responded with a motion to dismiss his appeal. They state that the evidence against Scott was “overwhelming” leaving no doubt as to his guilt. In addition to a lengthy jail term, Scott also faces disbarment. In sum, the Court’s instructions on the jury’s consideration of materially fraudulent omissions were legally correct and well supported by Second Circuit law. Accordingly, there is no basis to grant the defendant a new trial on this ground. Two other players in the operation, Sebastian Greenwood and Konstantin Ignatov have also been arrested by U.S. authorities. Ignatov has reached a plea deal, and testified against Scott at his trial. The mastermind of the operation, Ruja Ignatova, disappeared in 2017 and is believed to be hiding in Europe. CRYPTO SCAMS CONTINUE TO HARM BLOCKCHAIN ADOPTION Although the vast majority of crypto use is legal, much of the public associates blockchain use with scams such as OneCoin. Crypto advocates thus face an uphill battle in convincing the masses of the benefits of this revolutionary technology. Anti-crypto politicians also use these operations as evidence to argue against its embrace by governments and regulators. Cryptocurrency scams also destabilize the markets, as thieves have been known to quickly dump large quantities of their stolen coins, thus causing prices to collapse. The operators behind PlusToken are the most notorious of these actors. Fortunately, authorities are becoming more trained in fighting this new type of cybercrime. Exchanges are also becoming more cooperative. They frequently cooperate in blocking stolen coin transactions, and actively work to prevent fraud. Nevertheless, crypto fraud continues to be a profitable enterprise, and much greater efforts from law enforcement and the crypto community is needed to prevent it. Do you think Mark Scott should be acquitted from the OneCoin case? Add your thoughts below! Images via Shutterstock

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scott onecoin million usd guilty laundering crypto

scott onecoin → Результатов: 18


Фото:

OneCoin Associate Tries to Dodge $400M Laundering Charges 

OneCoin associate Mark Scott was charged with two counts of money laundering totaling $400 million. Now, one of the enablers of Crypto’s biggest scam wants the charges against him dropped. OneCoin Aide Claims ‘Insufficient’ Evidence Mark Scott was found guilty by a jury last November of two counts of money laundering (wire fraud and bank fraud) for OneCoin and its elusive founder Ruja Ignatova totaling $400 million.

2020-2-5 16:00


Юрист OneCoin получил $50 млн за отмывание денег — прокуратура США

Сторона обвинения в деле американского юриста пирамиды OneCoin Марка Скотта, которого обвиняют в отмывании $400 млн, рассказала суду присяжных, что за свои услуги подсудимый получил $50 млн. Former Locke Lord LLP partner Mark S.

2019-11-21 13:00


OneCoin Head Paid Son of Former President George Bush $300,000 for Attending Crypto Meeting

OneCoin has been in the middle of a lot of legal trouble recently, considering the massive scam that the cryptocurrency has proven to be. Mark Scott, who formerly worked at the Locke Lord international firm as an attorney, is being tied into this trouble for allegedly conspiring with the creators of the Ponzi scheme to […]

2019-11-17 22:28


OneCoin Crypto Ponzi, Mark Scott and DOJ Case Goes Forward: Were Investors Victims?

In March 2019, the United States Attorney’s Office for the Southern District of New York issued a release announcing that the Manhattan U.S. Attorney will be charging the leaders of OneCoin. The release referred to OneCoin as a “pyramid scheme” that involves the sale of “fraudulent” crypto. According to a report by Finance Feeds, the […]

2019-10-23 19:12


Four Bank of Ireland Executives To Testify in $300 Million OneCoin Pyramid Scheme Case

Fresh news has emerged that witnesses belonging to the Bank of Ireland staff have been asked to bring upon testimonies against the perpetrators in the multi-dollar OneCoin pyramid scheme. According to reports, employees from the Bank were asked by the attorney to give a statement against Mark Scott. He is one of the main suspects […]

2019-10-1 16:28


Фото:

Bank of Ireland staff asked to testify in $300M OneCoin fraud case

As the multi-billion dollar OneCoin cryptocurrency pyramid scheme continues to tumble, news of witnesses set to testify against the scam’s perpetrators are now coming to light. According to Finance Feeds, employees of the Bank of Ireland have been asked to testify in the case against Mark Scott, one of the alleged figureheads of the $3 billion-plus OneCoin scam.

2019-9-30 17:30


OneCoin Officially Sued For Scamming ‘Thousands Upon Thousands’ in the US

OneCoin, the alleged Ponzi scheme, may have finally come to an end as a U. S. lawsuit indicting its founders and $4 billion revenues becomes formal. OneCoin: Class Action Demand By $103K Investor A class action document filed May 7 at the US Southern District Court of New York brings multiple charges against four executives behind OneCoin: brother and sister duo Konstantin Ignatov and Ruja Ignatova, Sebastian Greenwood and Mark Scott.

2019-5-9 16:00


Фото:

Here are the 3 ways OneCoin defrauded cryptocurrency investors for billions

The alleged ringleaders of OneCoin, the multi-billion dollar cryptocurrency-fuelled pyramid scheme, have finally been busted. On Friday, US authorities apprehended brother-and-sister duo Konstantin Ignatov and Ruja Ignatova at Los Angeles International Airport over their role in the international blockchain-based scam, reports Bloomberg.

2019-3-11 14:42