The U.S. Department of Justice has filed in a New York court a bid to seize nearly $393 million from Mark Scott, a lawyer tied to the OneCoin pyramid. CoinDesk.
The Department of Justice seeks to freeze the assets of the lawyer until the full damage is paid. If the court supports the request, U.S. authorities would confiscate from Scott $392,940,000 in funds and property. The list could include several villas, sports cars, a yacht, jewelry, and watches.
Earlier in November 2019, a judge in the Southern District of New York found Mark Scott guilty of laundering nearly $400 million for the OneCoin pyramid. To do this, the lawyer created a network of fraudulent investment funds and offshore entities that, from 2015 to 2018, received money from shell corporations or fictitious investors connected to OneCoin.
Scott earned $50 million from the schemes. He faces up to 50 years in prison. The final verdict will be issued on October 9.
The overall damage from OneCoin, according to U.S. authorities, is estimated at $4.4 billion. Read ForkLog’s piece on the pyramid’s history:
The Scam of the Decade: How a Doctor of Legal Sciences Organized the OneCoin Pyramid and Disappeared with Billions of Euros
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