OneCoin Lawyer Receives 10-Year Sentence in $400M Crypto Fraud

Former Partner at U.S. Law Firm Sentenced to 10 Years in Prison for $400 Million Cryptocurrency Scheme

Former partner at Locke Lord law firm, Mark Scott, has received a 10-year prison sentence for his involvement in a $400 million fraudulent cryptocurrency scheme. Manhattan federal prosecutors successfully charged Scott with conspiracy to commit money laundering and conspiracy to commit bank fraud in November 2019, related to his role in the OneCoin cryptocurrency fraud. On Thursday, U.S. District Judge Edgardo Ramos ordered Scott to forfeit $392,940,000 and various assets, including bank accounts, luxury cars, a yacht, and real estate properties.