OneCoin Lawyer Involved In Laundering $400 Million Won’t Get New Trial

Crypto News reports

Mark Scott, a lawyer accused of laundering $400 million in the infamous OneCoin cryptocurrency scam in 2019 has been denied a new trial.

According to a report from Bloomberg, the motion seeking a fresh trial was declined by the court despite the defendant citing several legal mistakes including false testimony in the original trial.

Scott was found guilty of bank fraud conspiracy and money laundering in 2019 after prosecutors alleged that the lawyer earned $50 million in a wider plot to launder $400 million in a fraud scheme popularized by  Ruja “Cryptoqueen” Ignatov, the OneCoin founder.

He was further accused of using the illicit proceeds of the scam, to fund a lavish lifestyle that included purchasing luxury homes, a yacht, three Porsches, etc.

Per his motion, he claims prosecution witnesses including a government witness perjured themselves in the original trial.