OneCoin Lawyer Disbarred in State of New York

OneCoin Lawyer Disbarred in State of New York

Ruja Ignatova’s lawyer has been officially disbarred in the State of New York, following accusations of money laundering and bank fraud.

Mark Scott was convicted of two federal felonies, both of which are connected to the notorious OneCoin case. These accusations include the conspiracy to commit bank fraud and the conspiracy to launder money. It has been reported that Scott laundered close to $400 million for the crypto queen -Ignatova- of which $50 million he kept for himself, referring to these as “fees”. With the money, Scott purchased property, cars, and a boat.

Ruja Ignatova’s former lawyer is thus forbidden to operate in the State of New York as “an attorney or counselor-at-law before any court, judge, justice, board, commission or other public authority, or to give to another an opinion as to the law or its application.”

The decision of the court echoes in other states, as numerous territories around the US are considering disbarring Scot from practicing laws in their respective state. For example, Florida has reportedly banned Scott from practicing law there.

The NY’s ban on Mark Scott’s law practice is the latest development in the US strife to bring down Ruja Ignatova and all her associates to justice.

OneCoin was founded in Bulgaria in 2010, and it operated as a pyramid scheme, offering to investors commission for referring and recruiting new clients. And so the Ponzi-like scheme continued to build until the cops of the sam reached  $5 billion!

Onecoin scam founder Ruja Ignatova is still at large, with no exact record of her current location.

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