Lawyer Gets 10 Years for Laundering $400 Million From Fraud (1)

The lawyer convicted of laundering $400 million from the OneCoin cryptocurrency fraud was sentenced to 10 years in prison.

Mark Scott, 55, was found guilty in November 2019 of laundering money from a massive, $4 billion international fraud headed by Ruja Ignatova, the fugitive “cryptoqueen” who is on the FBI’s Ten Most Wanted list. Prosecutors in New York told a judge that Scott is “one of the most prolific money launderers ever prosecuted” by their office.

Prosecutors claimed Scott made $50 million for setting up a phony investment fund that he used to process money that Ignatova took from the ...