OneCoin lawyer Mark Scott sentenced to 10 years in prison
Lawyer Mark Scott is sentenced to 10 years in prison after he was convicted on two felony counts related to bank fraud and money laundering through the OneCoin digital asset scheme.
Lawyer Mark Scott is sentenced to 10 years in prison after he was convicted on two felony counts related to bank fraud and money laundering through the OneCoin digital asset scheme.
Irina Dilkinska from Bulgaria pleaded guilty to one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering for OneCoin.
Karl Greenwood was Cryptoqueen Ruja Ignatova’s right-hand man and the chief promoter of the $4 billion scam, and he’s alleged to have personally made $300 million.
Frank Schneider, who previously told 100.7 that if OneCoin "was fraud and money laundering, I must be responsible," was arrested two years ago.
Irina Dilkinska allegedly laid the foundation for Ruja Ignatova and her cronies to launder billions, including setting up shell companies for lawyer Mark Scott.
After stealing billions through OneCoin, Ruja Ignatova was reportedly killed by a Bulgarian drug lord involved in the scam, dismembered, and tossed into the Ionian Sea.
Once the listing went up for the London penthouse, speculation was rife that Ignatova is back after five years; however, it had nothing to do with her or U.K. authorities.
Karl Sebastian Greenwood served as OneCoin’s “global master distributor” and was the head of the multi-level marketing scheme, earning GBP20 million each month, according to court documents.
If tried in his home country of Luxembourg, Frank Schneider will face up to five years in prison, but extradition to the U.S. could see him face 40 years in prison.
The three are the first to stand trial in Europe over the $4 billion digital asset pyramid scheme, as reports claim Ruja was tipped off before she vanished.
Christopher Hamilton attempted to delay the extradition to the United States, claiming that his crimes happened mostly in Britain—but the judge was having none of it.
'Crypto Queen' Ruja Ignatova and her digital asset empire are the focus of the FBI's latest talk as the agency continues to highlight the dangers of investing in the market.