Saturday, July 2, 2022
The Crypto DEFI
  • Home
  • Business
  • Op Eds
  • Press Releases
  • Bitcoin
  • Tech
No Result
View All Result
The Crypto DEFI
  • Home
  • Business
  • Op Eds
  • Press Releases
  • Bitcoin
  • Tech
No Result
View All Result
THE CRYPTO DEFI
No Result
View All Result
Home Business

DOJ seeks $393M in forfeiture from OneCoin lawyer Mark Scott

Dylan by Dylan
in Business
Share on FacebookShare on Twitter

RELATED POSTS

Poloniex Leaves New York Due To BitLicense

Russia wants oversight over mining farms in new bill

U.S. prosecutors are seeking $393 million in forfeiture from Mark Scott, the alleged OneCoin co-conspirator who is accused of laundering the digital currency scam’s proceeds. In a letter to the New York Southern District Court, the prosecutors sought to forfeit some of Scott’s bank accounts as well as specific properties and assets.

The U.S. Department of Justice applied for a preliminary order of forfeiture in the amount of $392.9 million as part of the sentence against the lawyer, according to reports. In its letter, the DOJ claimed that some of Scott’s bank accounts constitute property involved in the money laundering crime.

Part of the filing stated, “The Government seeks to forfeit Scott’s interest in certain bank accounts, which constitute property involved in the money laundering offense Scott was convicted of at trial, and certain specific property and assets that are traceable to such property.”

Scott was convicted of laundering over $400 million for OneCoin in November 2019 and now faces 50 years in prison for his crime. His sentencing is scheduled for October 9, 2020.

The DOJ is further seeking a post-conviction restraining order against Scott, claiming that evidence presented at trial proved he had cleaned the proceeds of the scam through bank accounts in the name of shell companies that he controlled. Scott is alleged to have moved the funds in a complex series of transactions to evade detection. Currently, the U.S. government said it has been able to recover just a small portion of the $400 million he laundered.

The $4 billion OneCoin scam has continued to unravel, with the latest to be sucked in being Dubai-based businessman Amer Abdulaziz Salman. As Thecryptodefi.Com reported recently, Salman’s horse racing company is under investigations from Australian racing officials after he was alleged to have benefitted from the scam. According to Inner City Press, Salman is also under investigations in the U.K., with court filings reportedly claiming he received over $218 million from Mark Scott to launder for Ruja Ignatova, the scam’s founder.

New to Bitcoin? Check out Thecryptodefi.Com’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

ShareTweetPin

Related Posts

Poloniex Leaves New York Due To BitLicense

Poloniex Leaves New York Due To BitLicense

by Dylan
June 30, 2022
0

Poloniex Leaves New York Due To BitLicense Another Bitcoin business is leaving New York due to the BitLicense. Poloniex the...

Russia wants oversight over mining farms in new bill

Russia wants oversight over mining farms in new bill

by Dylan
June 28, 2022
0

The Russian government will have oversight over all the country’s block reward mining farms if a recently proposed bill is...

Future Use Cases For Blockchain Technology – Parcel Tracking Regardless of Courier

Future Use Cases For Blockchain Technology – Parcel Tracking Regardless of Courier

by Dylan
June 27, 2022
0

Future Use Cases For Blockchain Technology - Parcel Tracking Regardless of Courier Blockchain technology is a platform that allows an...

The Subjective Valuations Of Bitcoin & Gold

The Subjective Valuations Of Bitcoin & Gold

by Dylan
June 27, 2022
0

The Subjective Valuations Of Bitcoin & Gold In this editorial I aim to contend that the physical properties in gold...

Uber May be Losing Millions of Dollars – Could Bitcoin be a Game Changer for the Company?

Uber May be Losing Millions of Dollars – Could Bitcoin be a Game Changer for the Company?

by Dylan
June 25, 2022
0

Uber May be Losing Millions of Dollars – Could Bitcoin be a Game Changer for the Company? A recent leak...

Next Post
MetaWars Launchpad Revolutionizing the GameFi Industry as the ‘First’ Cross-Game Metaverse Launchpad

MetaWars Launchpad Revolutionizing the GameFi Industry as the 'First' Cross-Game Metaverse Launchpad

2020 in big data and IoT: keep a close eye on Bitcoin SV

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Data is ‘the new oil’ and BSV is the answer to handle it all: Jimmy Nguyen kicks off Thecryptodefi.Com Zurich

July 2, 2022
Crypto Conference DeFiCon 2021 to Be Hosted on December 18-19 in Brooklyn, NYC

Crypto Conference DeFiCon 2021 to Be Hosted on December 18-19 in Brooklyn, NYC

July 1, 2022

MOST VIEWED

  • Data is ‘the new oil’ and BSV is the answer to handle it all: Jimmy Nguyen kicks off Thecryptodefi.Com Zurich

    0 shares
    Share 0 Tweet 0
  • Poloniex Leaves New York Due To BitLicense

    0 shares
    Share 0 Tweet 0
  • Thecryptodefi.Com Zurich Day 1 recap

    0 shares
    Share 0 Tweet 0
  • Digital asset expert & former advisor to Cambridge University joins Fabriik

    0 shares
    Share 0 Tweet 0
  • Crypto Conference DeFiCon 2021 to Be Hosted on December 18-19 in Brooklyn, NYC

    0 shares
    Share 0 Tweet 0
The Crypto DEFI – Latest News

© 2021 DYLAN | thecryptodefi.com. All rights reserved.

CATEGORY

  • Bitcoin
  • Business
  • Editorial
  • Events
  • News
  • Op Eds
  • Press Releases
  • Tech
  • Tutorial
  • DEFI
  • Bitcoin
  • Ethereum

© 2021 DYLAN | thecryptodefi.com. All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Tech
  • Op Eds
  • Press Releases
  • Bitcoin

© 2021 DYLAN | thecryptodefi.com. All rights reserved.