DOJ: Emails prove Mark Scott knew OneCoin was fraudulent
The DOJ has filed a letter requesting several communications be admitted as evidence, on the grounds they prove Mark Scott knew OneCoin was fraudulent.
The communications in question are correspondence between Scott and “bank and other providers”.
Banks and other providers became suspicious of both OneCoin and the Fenero Funds, and chose to terminate customer relationships with the defendant and his co-conspirators in light of those concerns.
The closure of bank accounts that transacted OneCoin proceeds establishes Scott’s direct knowledge of OneCoin’s banking troubles, one of the very reasons OneCoin required Scott’s money laundering services.
Despite having accounts repeatedly closed down due to “concerns around money laundering, source of wealth, and related issues” from April 2016, Scott continued to work with OneCoin “well into 2018”.
In December 2015 TD Bank expressed concerns to Gilber Armenta regarding OneCoin
falsely representing on its website and communications with customers that it has a banking relationship with TD Bank.
OneCoin did bank with TD Bank, but only through shell companies Armenta and Scott had set up.
It appears that you may be affiliates with OneCoin, make misrepresentations or ommissions to TD Bank in opening your accounts, and are participating in this unlawful use of TD Bank’s name.
This may be in breach of your account agreement and may subject TD Bank to harm.
TD Bank hereby demands that you cease and desist all uses of TD Bank’s name and account information, including in any communications concerning OneCoin.
TD Bank shut down OneCoin’s shell company accounts on December 9th. This came five days after BehindMLM reported OneCoin’s shift to the new accounts.
The quoted paragraphs above are from communications sent by TD Bank to Armenta, which were forwarded to Mark Scott.
In another 2016 email sent to the Appleby Law Firm, Scott defended OneCoin’s fraudulent business model;
I am equity partner in the 35th largest law firm and I feel I have been treated like a walk-in. You guys contacted us for business and I took the chance.
You should take the time to ask more questions and better understand the business wed [sic] are initiating before taking a position that is more extreme than any regulatory body.
Also, I would expect advice more so than constant questioning.
Failure to provide adequate KYC is a recurring theme in the financial institutions the DOJ cites as evidence. Concerns about money laundering is another recurring theme.
The law firm Mason Hayes & Currant wrote to Scott in October 2017, the same month Ruja Ignatova disappeared;
Given your failure to provide both the information and documents required by us to identify the beneficial owners of the Companies for our anti-money laundering and counter terrorism purposes and the information required by us to understand the nature of the activities of the Companies, in addition to resigning as company secretary, we are resigning as lawyers to the remaining Companies with immediate effect.
The DOJ argues that Scott’s emails
are highly probative evidence of the defendant’s state of mind at the time that he was involved in alleged conspiracies to launder OneCoin fraud proceeds and to commit bank fraud—an issue in dispute in this case.
The exhibits should be admitted for the limited purpose of establishing the defendant’s knowledge and intent, with appropriate limiting instructions where warranted.
At the time of publication a decision on the DOJ’s admission request remains pending.
So much for the “lying to a bank is not bank fraud” BS Scott’s attorney tried to claim.
Scott sure seems to be hanging around a lot with money launderers — not only Gilbert Armenta but now Robert Courtneidge, who also seems to have role in facilitating OneCoin scam…
Courtneidge has had trouble elsewhere too:
(fintelegram.com/former-onecoin-lawyer-now-heading-fca-regulated-moorwand-allegedly-involved-in-money-laundering)
Inner City Press has a screenshot of an email, in which Ruja appears to be arranging a cash drop with Courtneidge/Scott:
twitter.com/innercitypress/status/1194487624414777344
Locke Lord offices should raided by the police for its close ties to organized crime.
@dubcan, @gary
rats leave the ship first!
So, for a 2 years you didn’t see any about OC in the internet forums? In youtube? WTF?!?! Intelligent people- and so on so on ….
For me you are the same like Igor Alberts! Fuck Off!
Following this on the very excellent InnerCityPress Twitter, I read that INTERNATIONAL MARKETING STRATEGIES LIMITED is on the crime-fraud exemption list.
IMS leads to Frank Ricketts leads to Global Digital Services PLC leads to the Panama Papers leads to this collection of names. Any of them familiar?
offshoreleaks.icij.org/nodes/55054094
Apologies if this link has been explored before (probably).
Was the German lawyer Martin Breidenbach from Munich also involved in the money laundering for Ruja?
share-your-photo.com/92b2a43456
share-your-photo.com/9899c5aa78
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Well I am perplexed, I thought for sure that Gilbert Armenta and/or Sebastian Greenwood would have testified. More so Gilbert since he introduced them.
Mark Scott just found Guilty by jury…
twitter.com/innercitypress/status/1197583705323298817
Mark Scott out on bail / remand until sentencing or appeal. Stuck to his home with strict conditions.
@ Ivan: How very eloquent of you. I’m sure your parents paid for the best education they could but you they must still be disappointed.
There are free online tutorials if you want (or apparently could), improve your English.
We didn’t leave the ship first, we didn’t even know we were on it. When we learn’t we sank it.
If you know of any massive funds we earned, we would please appreciate you pointing us to them. If you know of anything we did wrong you are invited to use the feedback facility at the Financial Conduct Authority.
All I ask is that you spell my name correctly. A lot is still going to come out. Empty vessels make the most noise, another idiom to confuse you.
Mark Scott’s attorney said he will appeal the verdict.
Don’t trust Mark Scott to stick around under house arrest on bail, but will have to see if he does or runs.
Mark s Scott has no reason with be in the USA. His mother is Germany and his wife is Russian and she has family in Russia. He can just wrap up his family with 50 Million and just flee to Russia.
Mark Scott is a dishonest person who tried to sell the Porsche during trial and made a down payment on a new Porsche. I am sure he thought he can get away with this by hiring super expensive lawyers $1000 an hour.
Back in the dec 2018 after his arrest he went to a shopping with his wife and spend over $100,000 … how come he has now no money and lien on the purchased of his cape houses.
I am sure he has money parked in Russian for emergency to secure his wife and child. I won’t be surprise if he has have a some kind of a passport and flee.the guy has nothing to lose beside of rot in jail for the next 30 years.
I don’t understand why the judge Ramos send him home while waiting for sentence.