A former partner at Locke Lord LLP has been sentenced to spend a decade behind bars for his role in laundering around $400 million in proceeds from the global cryptocurrency scam, OneCoin. Convicted at trial in 2019, the attorney’s 10-year prison term comes after a New York federal judge determined he was fully cognizant that the funds he facilitated in laundering were procured from a “massive crime”.
The infamous OneCoin, a cryptocurrency that turned out to be nothing more than a wide-reaching scam, has been continuously in the news due in part to its global scale and the staggering amount of money its operators allegedly stole from unsuspecting investors.
The senteced lawyer, whose identity has not been revealed here, was a high-ranking partner at the internationally recognized law firm Locke Lord LLP. His deep involvement in the scam underscores the global reach and intriguing complexity of the OneCoin case.
For more information on this story, visit Law360. Current developments and future updates regarding the ongoing aftermath of the OneCoin cryptocurrency scam can also be found on the same site.