Friday 22 November 2019
Mark Scott, the lawyer who made $50 million by routing $400 million on behalf of the OneCoin cryptocurrency scam, has been found guilty of money laundering and fraud, and is facing a 50-year prison sentence. Scott’s lawyers said he was not aware that OneCoin’s cryptocurrency was worthless, adding that he was simply doing what Dr Ruja Ignatova, co-founder of the Bulgaria-based scam, asked him to do. A federal jury in Manhattan, however, rejected those claims following a three-week trial. “Mark S. Scott, an equity partner at a prominent international law firm, used his specialized knowledge as an experienced corporate lawyer to…
This story continues at The Next Web
