A court convicted Mark Scott of two felony counts related to bank fraud and money laundering in November 2019.
A federal judge sentenced a lawyer responsible for money laundering through the OneCoin crypto scheme to 10 years in prison following a Jan. 25 hearing.
According to reporting from Inner City Press on Jan. 25, Judge Edgardo Ramos of U.S. District Court for the Southern District of New York sentenced Mark Scott to 10 years behind bars for his role in laundering millions of dollars through OneCoin. The lawyer was convicted of conspiracy to commit bank fraud and conspiracy to commit money laundering in November 2019 and has been awaiting sentencing.
Prosecutors pushed for Scott to receive a minimum sentence of 17 years, while his legal team recommended only five years in prison. He reportedly expressed sympathy for OneCoin’s victims before being sentenced.
