Mark Scott, a lawyer of the infamous financial pyramid OneCoin was convicted of laundering $400 million. Now he faces up to 50 years in prison, writes CoinDesk.
The corresponding decision was made by the court for the southern district of new York, which considered the case of Mark Scott.
The verdict says that passing through the OneCoin money laundered through an elaborate network of fraudulent investment funds and international offshore areas, which allowed the organizers of the pyramid to hide their origin. Among these jurisdictions named British virgin Islands, Cayman Islands and Ireland.
The court also agreed with the assertion of the prosecution that in the process Marc Scott earned on these schemes of $50 million for himself.
“From money stolen from victims of the scheme OneCoin in his pocket settled more than $50 million For the crimes committed by Mark Scott now faces 50 years in prison,” – said in a statement, Prosecutor Jeffrey Berman.
The U.S. government estimates the damage from OneCoin of $4.4 billion, but an investigation by the BBC found more than the frightening figures – EUR 15.4 billion. This potentially makes the project the biggest Scam of the decade.