OneCoin money launderer Mark Scott, 55, has been sentenced to ten years in prison.

On the money side of things, Scott will also forfeit:

  • $392.9 million as part of a monetary judgment;
  • the balances of several bank accounts;
  • a yacht;
  • two Porches and
  • four real-estate properties

Rubbing salt into Scott’s sentence, U.S. Attorney Damian Williams stated;

Scott [right], an equity partner at a prominent international law firm, had boasted of earning ‘50 by 50.’

Indeed, Scott accomplished his goal, but by fraud and deception, and will now spend a decade in prison and has been ordered to forfeit all of his illegal proceeds.

Scott’s January 25th sentencing follows lengthy delays after he was found guilty of money laundering and bank fraud in 2019.

In a nutshell, Scott oversaw OneCoin’s US-based money laundering operations. Through multiple shell companies, Scott helped OneCoin founder Ruja Ignatova launder around $400 million.