Mark Scott’s disbarment follows his conviction of conspiracy to commit bank fraud in November 2019.
In a letter to the New York Southern District Court, prosecutors sought to forfeit some of Scott’s bank accounts as well as specific properties and assets.
Konstantin Ignatov is facing a maximum prison sentence of 90 years, but the court deferred sentencing without imposing a future date.
Mark Scott argues that the government has failed to prove that he was involved in bank fraud, instead pointing the blame to his accomplice Gilbert Armenta.
Mark Scott, the lawyer accused of having laundered hundreds of millions of dollars for the OneCoin scam, will be sentenced in July for medical reasons.
Mark Scott was convicted on charges of laundering as much as $400 million on behalf of the allegedly fraudulent digital currency scheme.