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Mark Scott, Convicted in 2019 for Money Laundering, Fails in Request for New Trial
Mark Scott, the lawyer who was convicted in 2019 for laundering $400 million from the OneCoin fraud, has had his request for a new trial denied. Scott argued that he was unaware of OneCoin's fraudulent nature when he established the fund responsible for laundering money for the cryptocurrency's founder, Ruja "Cryptoqueen" Ignatov.
False Testimony Raises Legal Questions
Scott's legal team had sought a new trial based on revelations of false testimony during the original 2019 trial. Konstantin Ignatov, a government witness and accomplice in the OneCoin fraud, admitted to aiding his sister Ruja in the scheme.
Judge Remains Unconvinced
Despite the claims of false testimony, United States District Judge Edgardo Ramos rejected the request for a new trial, expressing skepticism about the possibility that an innocent person may have been wrongly convicted despite the inaccuracies in the testimony.