The verdict of Mark Scott, a licensed attorney who laundered $ 400 million for the notorious Ponzi OneCoin program, has been postponed until July 14, 2020.
April 25th Southern District Court judge Edgardo Ramos in New York allegedly granted Scott’s request to postpone the hearing because of its “need to get more medical tests”.
Scott was convicted in November 2019, but appealed the decision in February.
Scott’s sentencing involves numerous delays
In mid-February, the US government requested a three-week postponement the deadline for his response to Scott’s request to be acquitted earlier this month.
Scott claimed the case saw no testimony from witnesses involved in OneCoin sales.on the grounds that the case was based solely on the testimony of cooperating witness and OneCoin co-founder Konstantin Ignatov.
Scott also claimed not to have known that OneCoin was a scam until May 2018, and stated that he thought OneCoin’s blockchain was real.
In March The government denied Scott’s request, claiming Scott was aware that he had received $ 50 million to help fraud operators wash $ 400 million of illegal profits. Scott used his proceeds to buy luxury vehicles, a yacht and various waterfront properties.
Earlier this month, Ignatov’s judgment was also postponed to July. Ignatov’s sister Ruja Ignatova, also known as the “crypto queen”, remains at large after she fled her home in Bulgaria in 2017.
The key figure of OneCoin reappears with a new Ponzi
Cointelegraph reported on April 22 OneCoin’s top recruiter, Le Quoc-Hung, advertised an almost identical Ponzi program called “OneLink”.
After Ignatov’s arrest in 2017 Quoc-Hung positioned itself as OneLife OneLife network captainwith which he has advertised his new plan since then.
You may be interested in: