Home Bitcoin Lawyer Concerned In Cryptoqueen’s OneCoin Rip-off Receives Stunning Response From Courtroom

Lawyer Concerned In Cryptoqueen’s OneCoin Rip-off Receives Stunning Response From Courtroom


The OneCoin scam saga has continued to linger regardless of it being years because it befell, and this time round, a lawyer who was concerned within the pyramid scheme has acquired a relatively stunning response from the court docket. 

OneCoin Lawyer Denied Retrial

In keeping with a report by Bloomberg, a US court docket has denied Mark Scott’s request to be granted a brand new trial. The lawyer is claimed to have helped launder $400 million as a part of the proceeds from the scheme and was discovered responsible by the court docket in November 2019 of cash laundering and financial institution fraud conspiracy. 

Nonetheless, Scott hoped to get a brand new trial on the grounds of “authorized errors” and following proof that the prosecution witness, who occurs to be the brother of the “cryptoqueen” Ruja Ignatova, perjured himself on the witness stand.

As to the court docket’s motive for the choice, US District Choose Edgardo Ramos said that he wasn’t satisfied that Scott was harmless even if Ignatova’s brother, Konstantin Ignatov, lied in his testimony. 

The decide could have reached this conclusion as a result of the prosecution supplied different irrefutable proof to the truth that Scott was responsible, and the court docket’s ruling paves the best way for Scott to be sentenced. 

Nonetheless, Bloomberg stories that Scott’s lawyer talked about that his shopper intends to attraction the choice. In keeping with him, it’s disappointing that the court docket didn’t grant a brand new trial regardless of being supplied with “undisputed proof that the Authorities’s sole cooperating witness perjured himself.”

Ignatov had himself been prosecuted for his position in his sister’s fraudulent scheme. Nonetheless, he pleaded responsible and agreed to cooperate with the prosecutor, together with testifying towards different alleged conspirators like Scott.

One Of The Largest Fraud Schemes

On September 12, US District Choose Edgardo Ramos sentenced OneCoin’s co-founder Karl Greenwood to 20 years imprisonment and ordered him to pay near $300 Million in forfeiture. Within the Division of Justice’s (DOJ) statement, Greenwood, alongside Ruja Ignatova, is claimed to have “operated one of many largest fraud schemes ever perpetrated.”

Karlwood and Ignatova reportedly revamped $four billion from their fraudulent scheme, with many investors worldwide investing their cash within the cryptocurrency OneCoin. On the time, Ignotova claimed that crypto can be the “Bitcoin killer.” 

The “Cryptoqueen” nonetheless stays at massive and is listed on the Federal Bureau of Investigation’s (FBI) top 10 most-wanted fugitives. She can also be listed as one of many most wanted criminals in Europe, with Europol providing a reward of 5,000 Euros for data resulting in her arrest. 

The final identified reality as to her whereabouts is that she boarded a aircraft from Bulgaria to Athens and has ‘disappeared’ since then.

Crypto total market cap chart from Tradingview.com (Lawyer OneCoin cryptoqueen)

Complete market cap siting at $1.058 trillion | Supply: Crypto Total Market Cap on Tradingview.com

Featured picture from Cryptopolitan, chart from Tradingview.com

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