RATE Group | OneCoin lawyer on trial for role in ‘crypto-scam’
67562
post-template-default,single,single-post,postid-67562,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

OneCoin lawyer on trial for role in ‘crypto-scam’

05 Nov OneCoin lawyer on trial for role in ‘crypto-scam’

Posted at 00:31h in Cryptocurrency News by

[ad_1]

OneCoin logoImage copyright
YouTube

Image caption

OneCoin’s promoters claimed it would deliver a “financial revolution”

The trial of a US lawyer accused of laundering some of the proceeds from the OneCoin cryptocurrency “scam” has begun in New York.

Mark Scott is accused of routing approximately $400m (£310m) out of the US while trying to conceal the true ownership and source of the funds.

Some is alleged to have ended up in Bank of Ireland accounts.

Prosecutors claim he also spent some of the fraud’s proceeds on a yacht, three homes and a Ferrari car.

They add that while the accused had earned hundreds of thousands of dollars a year in his role as a partner at a top-ranked law firm, this was “a fraction of the money he was paid to launder OneCoin fraud scheme proceeds”.

A recent filing by his lawyers indicate that

[ad_2]

Source link

Tags:
, , , ,