BasEx | OneCoin Lawyer Sentenced to 10 Years in Prison
OneCoin Lawyer Sentenced to 10 Years in Prison
28.01.2023
OneCoin Lawyer Sentenced to 10 Years in Prison

On January 25th, a US federal court sentenced a lawyer, who laundered $400 million for the cryptocurrency pyramid scheme OneCoin, to 10 years in prison, as reported by journalist InnerCityPress.

Lawyer Mark Scott was found guilty of conspiring to commit bank fraud and money laundering. Initially, prosecutors sought a sentence of 17 years in prison.

"[Scott] wanted $50 million by the age of 50. He knew the money he was laundering and knew about OneCoin being a fraud. His greed merits 17 years of imprisonment," stated the prosecution.

Before the verdict was announced, Scott expressed his "sympathy for the victims of OneCoin." According to his lawyers, he intends to request release on bail pending the appeal of his sentence.

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