{"id":10149,"date":"2024-01-26T10:05:23","date_gmt":"2024-01-26T08:05:23","guid":{"rendered":"https:\/\/forklog.com\/en\/onecoin-lawyer-sentenced-to-10-years-in-prison\/"},"modified":"2024-01-26T10:05:23","modified_gmt":"2024-01-26T08:05:23","slug":"onecoin-lawyer-sentenced-to-10-years-in-prison","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/onecoin-lawyer-sentenced-to-10-years-in-prison\/","title":{"rendered":"OneCoin Lawyer Sentenced to 10 Years in Prison"},"content":{"rendered":"<p>On January 25, 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 InnerCityPress.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Scott: I have sympathy for OneCoin&#8217;s victims .<br \/>Judge Ramos: I sentence you to ten years<\/p>\n<p>\u2014 Inner City Press (@innercitypress) <a href=\"https:\/\/twitter.com\/innercitypress\/status\/1750620382791430158?ref_src=twsrc%5Etfw\">January 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Mark Scott was found guilty of conspiracy to commit bank fraud and money laundering. Prosecutors initially sought a 17-year prison sentence.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c[Scott] wanted $50 million by age 50. He knew what money he was laundering and knew that OneCoin was a fraud. His greed demands 17 years of imprisonment,\u201d stated the prosecution.<\/p>\n<\/blockquote>\n<p>Before the verdict was announced, Scott expressed sympathy for the victims of OneCoin. According to his lawyers, he intends to request bail pending an appeal.<\/p>\n<p>The OneCoin financial pyramid was founded in 2014 by Ruja Ignatova and Sebastian Greenwood. The project was initially marketed as a high-yield cryptocurrency, where investors profited not only from the asset&#8217;s growth but also from recruiting new participants.<\/p>\n<p>Ignatova&#8217;s whereabouts have been unknown since 2017. In the spring of 2022, Europol included the OneCoin co-founder on its list of most wanted criminals (her profile is no longer listed there at the time of writing). She was later added to a similar list by the FBI.<\/p>\n<p>According to media reports, Ignatova was killed in November 2018 on a yacht in the Ionian Sea. This information has yet to be confirmed.<\/p>\n<p>In November 2023, former OneCoin compliance head Irina Dilkinska admitted guilt in fraud and money laundering. She faces a maximum sentence of 10 years in prison on two counts.<\/p>\n<p>In December 2022, co-founder and chief promoter of the financial pyramid Sebastian Greenwood confessed to fraud and money laundering. In mid-September, he was sentenced to 20 years in prison.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 25, 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 InnerCityPress. Scott: I have sympathy for OneCoin&#8217;s victims .Judge Ramos: I sentence you to ten years \u2014 Inner City Press (@innercitypress) January 25, 2024 Mark Scott was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1088,1163],"class_list":["post-10149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-onecoin","tag-ponzi-schemes"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10149"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10148"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}