Lawyers responsible for laundering $400 million in Onecoin fraud have had their motion for a new trial denied despite prosecution witnesses committing perjury in the 2019 OneCoin fraud trial.

According to reports on September 18 Report According to news from Bloomberg, 54-year-old lawyer Mark Scott argued that he did not know that OneCoin was a fraud at the time and therefore should not be held responsible for his role in setting up a fund to launder money for OneCoin founder Ruja “Cryptoqueen” Ignatov. and was charged. .

In November 2019, Scott was found guilty of money laundering and bank fraud conspiracy, with prosecutors finding that Scott made a total of $50 million by processing fraudulent funds from payments and transactions stolen from the OneCoin scheme. .

His legal team has since sought a new trial, citing false testimony from government witnesses in the original trial.

However, during a hearing on September 18, U.S. District Judge Edgardo Ramos denied attorneys’ request for a new trial, saying that despite Constantine’s false testimony during the 2019 trial, he did not believe “Innocent people may be convicted” Ignatov.

Konstantin Ignatov is a government witness who admitted to helping his sister Ruja in the OneCoin fraud case.

Scott’s attorneys said they would appeal the decision, claiming that his client was “disappointed that the court did not grant a new trial because of undisputed evidence that the government’s only cooperative witness committed perjury himself.”

related: OneCoin compliance head faces 40 years in prison after US extradition

Launched in 2014, OneCoin positions itself as a cryptocurrency with a similar structure to Bitcoin. However, it was later revealed to be a pyramid scheme that used fictitious claims and promises of high future income to attract new users.

Prosecutors claimed that Scott used OneCoin’s $50 million in proceeds to maintain an expensive lifestyle and purchase a large number of luxury goods, including numerous multi-million dollar homes, watches, sports cars and a 17-meter-long yacht.

On September 12, Ramos sentenced OneCoin co-founder Carl Greenwood to 20 years in prison in the United States after he was found guilty of a series of charges including fraud and money laundering.

Ruja Ignatov has not been seen since October 2017 and is currently on the FBI’s Ten Most Wanted List.

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