US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer
What do you consider the DoJ wanting to seize former lawyer Mark Scott’s assets? Tell us in the comments section below.
The DoJ says that Scott used the money to pay for construction at one of his possessions.
Prosecutors in the Southern District of New York (SDNY) court have filed a”forfeiture money judgment” against the former lawyer Mark Scott. The attorney was charged with assisting the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) asserts that Scott helped launder $400 million and the thing hopes to seize his existing assets.
The DoJ and NYSD prosecutors said Scott assisted Onecoin partners since 2015. The case has been handled by Judge Edgardo Ramos and Scott will face 50 years after he appears before Ramos during his October 9 sentencing.
The filing notes that during the trial, Scott”intentionally violated the home incarceration” and had dinner at a restaurant in Coral Gables, Florida pretending he was visiting his lawyer. The DoJ believes Scott still has”continued to get substantial offshore funds.”
Published at Thu, 03 Sep 2020 01:30:58 +0000
On August 31, attorneys in the SDNY court and members of the DoJ filed a new court filing in the case referred to as”United States v. Mark S. Scott.” The situation involves Mark Scott’s involvement with Onecoin and Ruja Ignatova (the cryptoqueen), as the DoJ accused Scott of assisting the Ponzi launder $400 million from the British Virgin Islands.
In addition to the looming prison sentence, the DoJ has also submitted a”forfeiture money judgment” notice asking Judge Ramos to suspend Scott’s assets.
The DoJ and prosecutors supposed Scott took $50 million from their $392,940,000 Onecoin associates laundered. The law enforcement entity wants all of Scott’s resources including a few trusts that were created, homes, a 2016 Porsche 911 GTS RS, and offshore funds.
“In short, Scott has defrauded his own suretor, mortgaged properties bought with victim cash and subject to forfeiture, sold a luxury car bought with victim cash and subject to a seizure warrant and forfeiture–thereby obstructing justice and committing a new criminal offense while on bond,” the DoJ attorney highlights.
“[Mark Scott] used the proceeds from the vehicle sale to benefit himself, and intentionally violated the conditions of his release. Given his access to offshore funds and the inability to extradite him from Germany, and especially in light of each the offenses described above, Scott simply cannot meet his burden to show by clear and convincing evidence any conditions that he is unlikely to flee or pose a financial danger to the community,” the filing written to Judge Ramos concludes.