OneCoin lawyer Mark Scott given 10-year prison sentence
<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/12/OneCoin-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="OneCoin" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/12/OneCoin-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/12/OneCoin-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/12/OneCoin-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/12/OneCoin-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/12/OneCoin-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/12/OneCoin-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/12/OneCoin.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">OneCoin was a digital currency scheme founded in 2014 that was eventually found to be a fraudulent Ponzi scheme. Scott was one of the most high-profile individuals involved in the scam. The co-founder of OneCoin, Karl Sebastien Greenwood, is already behind bars after he was handed down a 20-year sentence in September last year.</span><span data-ccp-props="{"201341983":0,"335559740":276}"> </span></p>
<p><span data-contrast="auto">Both men have forfeited vast sums of money following their prison sentences. U.S. District Judge Edgardo Ramos ordered Scott to give up more than $392m across four bank accounts, a luxury yacht, two Porsches and four houses. Greenwood forfeited $300m. </span><span data-ccp-props="{"201341983":0,"335559740":276}"> </span></p>
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<p><span data-ccp-props="{"201341983":0,"335559740":276}"> </span><span data-contrast="auto">It might not be the last prison sentence for fugitives involved with OneCoin. Another co-founder, Ruja Ignatova, remains at large and was recently on the FBI’s most-wanted list. Scott became involved with <a href="https://www.leaprate.com/cryptocurrency/scam/onecoin-cryptoqueen-ruja-ignatova-placed-on-europes-most-wanted-list/" target="_blank" rel="noopener">OneCoin</a> after meeting Ignatova, once dubbed the “cryptoqueen”, in 2015. A plan to launder millions of dollars through fraudulent activities was hatched twelve months later.</span><span data-ccp-props="{"201341983":0,"335559740":276}"> </span></p>
<p><span data-ccp-props="{"201341983":0,"335559740":276}"> </span><span data-contrast="auto">Scott’s sentence is perhaps lenient, considering prosecutors pursued a longer 17-year term after citing his “greed” and luxurious lifestyle in home confinement. A brief filed by Scott last week countered that narrative by claiming he was a “broken man” and should only be imprisoned for five years. He was eventually sentenced on Thursday and will begin a ten-year jail sentence.</span><span data-ccp-props="{"201341983":0,"335559740":276}"> </span></p>
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