OneCoin lawyer sentenced to 10 years in prison over laundering $400 million

Assad Jafri

In a landmark judgment, Mark Scott, formerly a high-ranking lawyer at Locke Lord LLP, received a 10-year prison sentence on Jan. 25 for laundering $400 million derived from the infamous OneCoin Ponzi scheme. The sentencing at the Southern District of New York followed Scott’s 2019 conviction on multiple counts of bank fraud and money laundering. […]

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OneCoin lawyer sentenced to 10 years in prison over laundering $400 million