Medical Testing Postpones Money Launderer’s Sentencing

The conviction of Mark Scott, a licensed advocate involved in laundering $400 million for the unpopular OneCoin Ponzi scheme has again been deferred until July 14, 2020.

The sentencing of $400 million OneCoin launderer, Mark Scott, has been postponed until July https://t.co/3inEjJOchB

— Cointelegraph (@Cointelegraph) April 26, 2020

On April 25, Scott’s request for the hearing’s rescheduling was granted by Judge Edgardo Ramos of the NY Southern District Court due to his “need to urge further medical testing.” Scott was delivered a guilty verdict during November 2019, however, he appealed the decision in February. 

During mid-February, in its response to Scott’s request for acquittal, the U.S. Government requested a three-week adjournment of the deadline. Scott professed that the case had no testimony from witnesses involved in OneCoin sales, declaring that the case was based exclusively on the testimony of two individuals including a cooperating witness and Konstantin Ignatov, OneCoin co-founder. Scott also claimed to not are aware that OneCoin was a scam until May 2018, stating that he believed that the OneCoin blockchain was real.

In March, the govt filed its opposition to Scott’s claim, declaring that Scott had profited $50 million from assisting scammers to launder $400 million in illegal gains. Scott used his profits to get luxury vehicles, a yacht, and a number of other waterfront properties. Earlier this month, Ignatov’s sentencing was deferred until July. Ruja Ignatova, Ignatov’s sister, remains at large after having fled from range in Bulgaria during 2017.

According to Cointelegraph, top OneCoin recruiter, Le Quoc-Hung, had been observed promoting a near-identical Ponzi scheme called ‘OneLink.’ After Ignatov’s arrest in 2017, Quoc-Hung positioned himself because the captain of OneCoin’s OneLife network — which he has since wont to tout his new scheme.