{"id":551939,"date":"2023-09-19T13:00:15","date_gmt":"2023-09-19T13:00:15","guid":{"rendered":"https:\/\/uniquehot.com\/?p=551939"},"modified":"2024-06-11T07:09:39","modified_gmt":"2024-06-11T07:09:39","slug":"lawyer-cryptoqueen-onecoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/lawyer-cryptoqueen-onecoin\/","title":{"rendered":"Lawyer Involved In Cryptoqueen\u2019s OneCoin Scam Receives Shocking Response From Court"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/uniquehot.com\/news\/is-onecoin-legitimate-the-most-asked-question-on-the-internet\/\"><span style=\"font-weight: 400\">OneCoin scam saga<\/span><\/a><span style=\"font-weight: 400\"> has continued to linger despite it being years since it took place, and this time around, a lawyer who was involved in the pyramid scheme has received a rather shocking response from the court.\u00a0<\/span><\/p>\n<h2>OneCoin Lawyer Denied Retrial<\/h2>\n<p><span style=\"font-weight: 400\">According to a <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-18\/cryptoqueen-s-lawyer-denied-new-trial-despite-her-brother-s-lies?utm_source=telegram&amp;utm_content=crypto&amp;utm_medium=social&amp;leadSource=uverify%20wall#xj4y7vzkg\" rel=\"nofollow\"><span style=\"font-weight: 400\">report<\/span><\/a><span style=\"font-weight: 400\"> by Bloomberg, a US court has denied Mark Scott\u2019s request to be granted a new trial. The lawyer is said to have helped launder $400 million as part of the proceeds from the scheme and was found guilty by the court in November 2019 of money laundering and bank fraud conspiracy.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/ripple-cto-xrp-price-predictions\/\">Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, Scott was hoping to get a new trial on the grounds of \u201clegal mistakes\u201d and following evidence that the prosecution witness, who happens to be the brother of the \u201ccryptoqueen\u201d Ruja Ignatova, perjured himself on the witness stand.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As to the court\u2019s reason for the decision, US District Judge Edgardo Ramos stated that he wasn\u2019t convinced that Scott was innocent despite the fact that Ignatova\u2019s brother, Konstantin Ignatov, lied in his testimony.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The judge may have reached this conclusion because the prosecution provided other irrefutable evidence to the fact that Scott was guilty, and the court\u2019s ruling paves the way for Scott to be sentenced.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, Bloomberg reports that Scott\u2019s lawyer mentioned that his client intends to appeal the decision. According to him, it is disappointing that the court didn\u2019t grant a new trial despite being provided with \u201cundisputed evidence that the Government\u2019s sole cooperating witness perjured himself.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ignatov had himself been prosecuted for his role in his sister\u2019s fraudulent scheme. However, he pleaded guilty and agreed to cooperate with the prosecutor, including testifying against other alleged conspirators like Scott.<\/span><\/p>\n<h2>One Of The Largest Fraud Schemes<\/h2>\n<p><span style=\"font-weight: 400\">On September 12, US District Judge Edgardo Ramos sentenced <\/span><a href=\"https:\/\/bitcoinist.com\/onecoin-co-founder-gets-20-years-in-prison\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">OneCoin\u2019s co-founder Karl Greenwood<\/span><\/a><span style=\"font-weight: 400\"> to 20 years imprisonment and ordered him to pay close to $300 Million in forfeiture. In the Department of Justice\u2019s (DOJ) <\/span><a href=\"https:\/\/www.justice.gov\/usao-sdny\/pr\/co-founder-multibillion-dollar-cryptocurrency-scheme-onecoin-sentenced-20-years-prison\" rel=\"nofollow\"><span style=\"font-weight: 400\">statement<\/span><\/a><span style=\"font-weight: 400\">, Greenwood, alongside Ruja Ignatova, is said to have \u201coperated one of the largest fraud schemes ever perpetrated.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Karlwood and Ignatova reportedly made over $4 billion from their fraudulent scheme, with <\/span><a href=\"https:\/\/bitcoinist.com\/scam-onecoin-prepares-go-public\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">many investors worldwide<\/span><\/a><span style=\"font-weight: 400\"> investing their money in the cryptocurrency OneCoin. At the time, Ignotova claimed that crypto would be the \u201cBitcoin killer.\u201d\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/milestone-bullish-xrp-price\/\">Incoming Milestone Could Be Very Bullish For XRP Price, Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">The \u201cCryptoqueen\u201d still remains at large and is listed on the Federal Bureau of Investigation\u2019s (FBI) <\/span><a href=\"https:\/\/www.fbi.gov\/wanted\/topten\" rel=\"nofollow\"><span style=\"font-weight: 400\">top 10 most-wanted fugitives<\/span><\/a><span style=\"font-weight: 400\">. She is also listed as one of the <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-queen-now-europes-most-wanted\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">most wanted criminals in Europe<\/span><\/a><span style=\"font-weight: 400\">, with Europol offering a reward of 5,000 Euros for information leading to her arrest.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The last known fact as to her whereabouts is that she boarded a plane from Bulgaria to Athens and has \u2018disappeared\u2019 since then.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/PKpU9wfp\/\" alt=\"Crypto total market cap chart from Tradingview.com (Lawyer OneCoin cryptoqueen)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">Total market cap siting at $1.058 trillion | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">Crypto Total Market Cap on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Cryptopolitan, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The OneCoin scam saga has continued to linger despite it being years since it took place, and this time around, a lawyer who was involved in the pyramid scheme has received a rather shocking response from the court.\u00a0 OneCoin Lawyer Denied Retrial According to a report by Bloomberg, a US court has denied Mark Scott\u2019s request to be granted a new trial. The lawyer is said to have helped launder $400 million as part of the proceeds from the scheme and was found guilty by the court in November 2019 of money laundering and bank fraud conspiracy.\u00a0 Related Reading: Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions However, Scott was hoping to get a new trial on the grounds of \u201clegal mistakes\u201d and following evidence that the prosecution witness, who happens to be the brother of the \u201ccryptoqueen\u201d Ruja Ignatova, perjured himself on the witness stand. As to the court\u2019s reason for the decision, US District Judge Edgardo Ramos stated that he wasn\u2019t convinced that Scott was innocent despite the fact that Ignatova\u2019s brother, Konstantin Ignatov, lied in his testimony.\u00a0 The judge may have reached this conclusion because the prosecution provided other irrefutable evidence to the fact that Scott was guilty, and the court\u2019s ruling paves the way for Scott to be sentenced.\u00a0 However, Bloomberg reports that Scott\u2019s lawyer mentioned that his client intends to appeal the decision. According to him, it is disappointing that the court didn\u2019t grant a new trial despite being provided with \u201cundisputed evidence that the Government\u2019s sole cooperating witness perjured himself.\u201d Ignatov had himself been prosecuted for his role in his sister\u2019s fraudulent scheme. However, he pleaded guilty and agreed to cooperate with the prosecutor, including testifying against other alleged conspirators like Scott. One Of The Largest Fraud Schemes On September 12, US District Judge Edgardo Ramos sentenced OneCoin\u2019s co-founder Karl Greenwood to 20 years imprisonment and ordered him to pay close to $300 Million in forfeiture. In the Department of Justice\u2019s (DOJ) statement, Greenwood, alongside Ruja Ignatova, is said to have \u201coperated one of the largest fraud schemes ever perpetrated.\u201d Karlwood and Ignatova reportedly made over $4 billion from their fraudulent scheme, with many investors worldwide investing their money in the cryptocurrency OneCoin. At the time, Ignotova claimed that crypto would be the \u201cBitcoin killer.\u201d\u00a0 Related Reading: Incoming Milestone Could Be Very Bullish For XRP Price, Here\u2019s Why The \u201cCryptoqueen\u201d still remains at large and is listed on the Federal Bureau of Investigation\u2019s (FBI) top 10 most-wanted fugitives. She is also listed as one of the most wanted criminals in Europe, with Europol offering a reward of 5,000 Euros for information leading to her arrest.\u00a0 The last known fact as to her whereabouts is that she boarded a plane from Bulgaria to Athens and has \u2018disappeared\u2019 since then. Total market cap siting at $1.058 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Cryptopolitan, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":551942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3],"tags":[6664,14690,14186,89424,8471,87008],"class_list":["post-551939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","tag-crypto","tag-crypto-news","tag-crypto-scam","tag-cryptoqueen","tag-onecoin","tag-onecoin-scam"],"acf":[],"yoast_head":"\n<title>Lawyer Involved In Cryptoqueen\u2019s OneCoin Scam Receives Shocking Response From Court<\/title>\n<meta name=\"description\" content=\"a lawyer who was involved in the OneCoin pyramid scheme has received a rather shocking response from 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