November 5 2019
Mark Scott got a nice bump when he left his partnership at a big law firm and took up money laundering for a multibillion-dollar international pyramid scheme based on the fake cryptocurrency OneCoin, federal prosecutors say.
Scott, who has pleaded not guilty, is accused of using a network of shell companies, offshore bank accounts and phony investment funds to hide the origin of $400 million in illegal proceeds. He made millions, which he used to buy a 57-foot yacht, multimillion-dollar homes in Cape Cod, Massachusetts, and luxury cars, including three Porsches, Assistant U.S. Attorney Julieta Lozano told jurors on Tuesday in her opening statement in Scott’s criminal trial in Manhattan.
