The Second Circuit Court has affirmed the conviction and 10-year sentence of Mark Scott, a former partner at Locke Lord LLP, for his involvement in laundering approximately $400 million connected to the infamous OneCoin cryptocurrency scheme. Scott’s legal team argued that a key government’s cooperating witness had committed perjury, alongside other alleged legal missteps, which they claimed should overturn his conviction. However, the appellate court disagreed, upholding the original judgment. The OneCoin scam, which posed as a legitimate cryptocurrency, resulted in significant financial losses globally.
For more detailed insights, the full text of the ruling is discussed in a report by Law360.