OneCoin’s Mark Scott sentenced to 10 years in prison
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.
Update 26th April 2024 – Mark Scott has appealed his sentencing.
Pending the outcome of his appeal, Scott was released earlier this week.
You can bet he is going to appeal this sentence. I am sure he will claim his health issues cannot be addressed by the prison hospital, therefore this being a death sentence; or something to that effect.
As for his wanting to earn 50 by 50 mantra, he should be glad he didn’t get 50 years by turning 50.
That’s a rare thing someone goes to jail for being a mlm, keep going from Victoria Canada ❤️
He’s not going to prison for being in a MLM. He is going to prison for money laundering over $400 Million for Ruja and her OneCoin MLM Ponzi and Pyramid Scheme. Major difference
Mark Scott will do anything to stay out of jail.
Him and his Russian wife are crooks living the lavish lifestyle on behalf of victim is disgusting. I don’t understand how he can effort his legal team.
I know that he put some friends in charge and removed him name Ian’s his wives name from the cannabis business.
They made there best friend Larisa Kavaleva in South Yarmouth, MA the managing partner in there cannabis business in south Yarmouth MA.
Including another friend called Allen Kronfeld who also lives in Miami.
They are running the Cannabis business for the Scott Family. There goes Onecoin victim money.
Cape Cod Cannabis is, at 4,000 square feet, the largest cannabis facility on the Cape. The shop is owned by Simon Baker, who is based in Florida. This is Baker’s first cannabis shop.
Also works for Scott Cannabis business.
All from Miami and moved to Dennis Port MA and Wellfleet MA
All are Russian background like Mark Scott wife Lidia .
Something not right here .
Ebpartners Inc.
manager Simon Baker
Manger Larisa Kavaleva and of course Allen Kronfeld
Ccc Mashpee Holdings, LLC
Manager Simon Baker , Larissa Kavaleva , Allen Kronfeld
Venoma Group, LLC
Simon Baker, Larissa Kavaleva , Allen Kronfeld
All those company were involved in Onecoin
They all still run by Mark Scott i
LOL the Judgment is published on CourtListener, but someone made an interesting typo (“years” instead of “months”).
storage.courtlistener.com/recap/gov.uscourts.nysd.482287/gov.uscourts.nysd.482287.611.0.pdf
The PRELIMINARY ORDER OF FORFEITURE can be downloaded here as well::
storage.courtlistener.com/recap/gov.uscourts.nysd.482287/gov.uscourts.nysd.482287.612.0.pdf
New article by German journalist Martin Himmelheber.
share-your-photo.com/87f8fd09e6
nrwz.de/schramberg/onecoin-geldwaescher-scott-muss-ende-april-in-den-knast-april-060224/456658
120 years feels like a legal Freudian slip.
More like wishful thinking. I’m sure it was just a typo and will be fixed soon. Happens more than one would think sadly.
Addition to comment #8.
German journalist Martin Himmelheber has updated his article yesterday.
share-your-photo.com/a48a211808
nrwz.de/schramberg/onecoin-geldwaescher-scott-muss-ende-april-in-den-knast-april-060224/456658
Thanks for the update Melanie.