OneCoin Lawyer Gets 10 Years Jail for Money Laundering
Mark Scott, the legal lawyer of OneCoin, was sentenced to ten years behind bars. He was charged with two felonies of money laundering and bank fraud in November 2019. As per reports, a federal judge sentenced the lawyer representing OneCoin of a decade behind bars at a 25th January 2024 hearing.
Inner City Press published a release on 25th January 2024 regarding the lawsuit. Judge Edgardo Ramos presiding at the case finalized the sentence under process at the Southern District of New York.
Charges Against OneCoin Lawyer
The hearing concluded that Mark Scott is to serve 10 years behind bars for participating in the laundering of millions of dollars worth of OneCoin. He was also found guilty of conspiracy to commit bank fraud and money laundering in November 2019.
As per reports, prosecutors were trying to get a sentence of at least 17 years behind bars. However, the defense recommended only 5 years. Scott expressed his remorse towards the loss of investors affected by OneCoin before his sentencing.
Mark Scott claimed during his court appearances that he was colluding with Ruja Ignatova, OneCoin’s co-founder. She goes by the name of Cryptoqueen and founded the firm in 2014 alongside Karl Sebastian Greenwood based in Sofia, Bulgaria. She went AWOL after a lawsuit against the firm and is still at large.
Greenwood Sentenced to 20 Years in Prison
Meanwhile, Greenwood received 20 years of prison time for fraud and money laundering in 2023. At the same time, the court ordered him to pay a restitution fee of $300 million to the investors who sustained losses after investing in OneCoin.
Irinia Dilkinska, the former chief of compliance at the defunct firm, also pleaded guilty to two felony charges in November, 2023. Her sentencing hearing is scheduled for February this year. Lawyers representing Scott noted that they plan on applying for a bail request. He was working as the legal representative of the firm.
Over the years, he has been identified as one of various figures who have received a long-term jail time for participating or colluding with money laundering or other types of financial scams.
Amazon to Produce Feature Film About Bitfinex Money Laundering Scam
Amazon and MGM Studios are planning to air a film about Bitfinex’s money laundering scam. The central antagonist of the film is Heather Morgan aka Razzlekhan. As per reports, he helped in laundering $3 billion worth of Bitcoin. The storyline follows a couple who are associated with the 2016 cybersecurity incident affecting the Bitfinex exchange.
As per the movie, Morgan was working with IIya Lichtenstein to launder funds at the trading platform. Writers have drawn the inspiration from a New York Times article about the incident published in 2022 that dubbed the dynamic duo Bonnie and Clyde of Bitcoin.
As per the article, around 119,754 BTC were stolen in the 2016 hack incident. The investigative report of prosecutors revealed that Lichtenstein and Morgan managed to launder more than 94K Bitcoin units in a series of complex and small transactions traced back to several wallets and platforms.
As per the law enforcement agencies, the duo managed to recover around $54 million worth of Bitcoin at the time via hacking. However, the authorities recovered $3 billion in Bitcoins at the time of their arrest. In 2023, Morgan pleaded guilty to money laundering charges.
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