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OneCoin lawyer found guilty in 'crypto-queen scam'

Mark Scott found guilty for his role in OneCoin, co-founded by Dr Ruja Ignatova

A US lawyer has been found guilty for his role in the OneCoin cryptocurrency scam, which raised billions of pounds from investors convinced they were buying into a new digital currency. A New York jury found that Mark Scott helped to perpetrate the scheme, routing approximately $400m out of the US while working to conceal the true ownership and source of the funds. Mr Scott's lawyers had said he did not know that OneCoin was worthless. They said he was simply doing the job asked by Dr Ruja Ignatova, a co-founder of the Bulgaria-based OneCoin.
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53 minutes

Last on

Fri 22 Nov 2019 01:06GMT

Broadcast

  • Fri 22 Nov 2019 01:06GMT

Podcast