54-year-old lawyer Mark Scott has been denied a new trial despite his claims that a key government witness gave false testimony in a prior trial against him.
However, during a Sept. 18 hearing, United States District Judge Edgardo Ramos denied the attorneys’ request for a new trial, saying he was unconvinced that “an innocent person may have been convicted” despite the false testimony delivered during the 2019 trial by Konstantin Ignatov.
Konstantin Ignatov was a government witness who admitted to aiding his sister Ruja in the OneCoin fraud. Lawyers for Scott said that they would appeal the decision, claiming that his client was “disappointed that the court did not grant a new trial given the undisputed evidence that the Government’s sole cooperating witness perjured himself.”OneCoin was launched in 2014, and marketed itself as a cryptocurrency that was similar in structure to Bitcoin.
The prosecution claimed that Scott used the $50 million in proceeds from OneCoin to finance an expensive lifestyle, buying a swathe of luxury goods including numerous multimillion-dollar homes, watches, sports cars and a 17 meter yacht.in the United States, after he was found guilty of a litany of charges including fraud and money laundering.
In 2014, a woman named Ruja Ignatova launched a fake cryptocurrency named"OneCoin". Despite the currency never existing, Ruja convinced people all over the world to invest. In 2017, after raking in $4 billion profit, she boarded a plane to Greece and hasn't been seen since.
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