Scott Guilty of Helping Launder $400M
A Manhattan federal jury has found lawyer Mark. S. Scott guilty of assisting OneCoin’s co-founder and current fugitive Ruja Ignatova. According to a report, they have laundered as much as $400 million.
Furthermore, the Manhattan jury, which consists of six women and six men, decided to pass on a guilty verdict to Scott.
He was a former partner at a law firm Locke Lord. And now, they suspect him of receiving $50 million to launder $400 million for the cryptoqueen, Ignatova.
The jury did not believe any claims of Scott about him having no knowledge that OneCoin was a scam. Also, he keeps insisting that he was only doing his best as Ignatova’s lawyer to represent her interest.
In addition to that, Konstantin Ignatov, Ignatova’s brother and co-founder pf crypto scam OneCoin also testified in the trial against Scott.
According to a report, he gave more information against his sister, stating that she gained a passport and tickets to Austria and Greece from her home in Bulgaria. But until now, the cryptoqueen is still at large.
Recent Achievements of Facebook
Meanwhile, global regulators continue to fight over the expediency of the Libra of Facebook and look to reach common ground on the issue.
At the same time, the Libra association is pushing through its development of the Libra network. The association has logged over 30 projects and 51,000 transactions on the Libra network in the past couple of months.
Aside from that, the organization plans to introduce a range of fresh features in the future. And this includes the launching of a new method for completing Contributor License Agreements and the establishment of a Technical Steering Committee. This will supervise and manage the technical design and growth of the Libra network of Facebook on behalf of association members.
Moreover, Facebook revealed the launching of its latest fiat system, called Facebook Pay. And they made the payment system to facilitate across Facebook, Messenger, Instagram, and WhatsApp.
Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. Subscribe now and receive FREE updates on the market today!