Former Locke Lord partner Mark S. Scott was convicted in Manhattan federal court Thursday of conspiracy to commit bank fraud and conspiracy to launder $400 million in proceeds from a cryptocurrency scam, according to the U.S. Attorney’s Office for the Southern District of New York.
Scott was said by prosecutors to have left Big Law to play a key part in laundering the money that poured into a bunk cryptocurrency business called OneCoin. His defense lawyers portrayed him as having been duped by OneCoin co-founder Ruja Ignatova, who is still at large, but it took jurors less than a day of deliberations to find Scott guilty of both the charges against him. The trial was before U.S. District Judge Edgardo Ramos of the Southern District of New York.
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