Former Locke Lord Partner Sentenced to 10 Years in Prison for $400 Million Cryptocurrency Fraud Scheme
NEW YORK – A former partner at the U.S. law firm Locke Lord has been sentenced to 10 years in prison for his involvement in a $400 million fraudulent cryptocurrency scheme, according to Manhattan federal prosecutors. Mark Scott, 55, was found guilty of conspiracy to commit money laundering and conspiracy to commit bank fraud in November 2019, related to his role in the OneCoin cryptocurrency fraud. The sentencing occurred on Thursday, presided over by U.S. District Judge Edgardo Ramos. In addition to the prison term, Judge Ramos ordered Scott to forfeit $392,940,000 and various assets, … Read more