• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    Chainlink (LINK)

    Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

    Litecoin’s Price stuck within selling pressure zone

    Litecoin Price Prediction: Litecoin’s price stuck at selling pressure Near $180 Support

    Cryptocurrency interest

    Cryptocurrency Interest: 40% of Goldman Sach’s clients have crypto exposure, survey

    Soulja Boy

    Soulja Boy sells his tweets as NFT

    ETH Price Forecast

    ETH Price Forecast: Ethereum on the verge of a 24% price upsurge

    Bitcoin price

    Bitcoin price fails to sustain bounce

    Sushiswap contract

    Sushiswap contract launches on 5 different networks

    ADA Price Prediction

    ADA Price Prediction: Cardano moves closer to a mammoth price upsurge aiming at $2

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    Chainlink (LINK)

    Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

    Litecoin’s Price stuck within selling pressure zone

    Litecoin Price Prediction: Litecoin’s price stuck at selling pressure Near $180 Support

    Cryptocurrency interest

    Cryptocurrency Interest: 40% of Goldman Sach’s clients have crypto exposure, survey

    Soulja Boy

    Soulja Boy sells his tweets as NFT

    ETH Price Forecast

    ETH Price Forecast: Ethereum on the verge of a 24% price upsurge

    Bitcoin price

    Bitcoin price fails to sustain bounce

    Sushiswap contract

    Sushiswap contract launches on 5 different networks

    ADA Price Prediction

    ADA Price Prediction: Cardano moves closer to a mammoth price upsurge aiming at $2

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Scam News

US gov’t wants $392.9M forfeiture order as part of OneCoin co-conspirator sentence

Ibiam Wayas by Ibiam Wayas
September 2, 2020
in Scam News
2 min read
Bitcoin exchange operator seeks compensation over banned bank accounts
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The United States authorities are currently seeking a forfeiture order against a convicted OneCoin co-conspirator, Mark Scott. He helped other OneCoin co-conspirators to launder $392,940,000 ill-gotten from their fraudulent cryptocurrency business. Scott was reportedly charged with the conspiracy to commit money laundering and bank fraud.

OneCoin co-conspirator convicted of money laundering

Citing the letter which was filed to the New York Southern District Court on Tuesday, Finance Feeds reported that the US government is seeking a heavy forfeiture money judgment of about $392,940,000 against Mark Scott, the convicted OneCoin co-conspirator. The forfeiture judgment, if granted, would be a part of his sentence according to the report. 

The US government also sought the forfeiture of Scott’s interest in certain bank accounts, and some other assets. Additionally, they sought for a post-conviction restraining order against the convict. According to the report, this was to ensure that Scott will be restrained from accessing those assets until they are properly forfeited to the United States.

RelatedPosts

Digital Yuan-themed scam: Chinese police warns residents to be careful

Firearms, Bitcoin, gold seized from a crime group in Auckland

Pakistan police arrest suspects in first Bitcoin robbery case

Crypto scam revenue dropped by $5 billion in 2020

How Scott helped to launder funds from OneCoin 

Scott, who is an ex equity partner at Locke Lord LLP, reportedly helped OneCoin co-conspirators to launder about $400 million by creating an investment fund specifically for that purpose. Manhattan U.S. Attorney Geoffrey S. Berman commented:

“Mark S. Scott, an equity partner at a prominent international law firm, used his specialized knowledge as an experienced corporate lawyer to set up fake investment funds, which he used to launder hundreds of millions of dollars of fraud proceeds.”

In return, he was paid over $50 million, which he spent in buying luxurious items and properties, as reported. His sentencing has been scheduled to hold on October 9, 2020.

Tags: bitcoin scams
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Digital Yuan
Scam News

Digital Yuan-themed scam: Chinese police warns residents to be careful

February 27, 2021
Firearms, Bitcoin, gold seized from a crime group in Auckland
Scam News

Firearms, Bitcoin, gold seized from a crime group in Auckland

February 24, 2021
Pakistan police arrest suspects in first Bitcoin robbery case
Scam News

Pakistan police arrest suspects in first Bitcoin robbery case

February 19, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Uniswap price prediction

Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

March 8, 2021
Chainlink (LINK)

Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

March 8, 2021
Litecoin’s Price stuck within selling pressure zone

Litecoin Price Prediction: Litecoin’s price stuck at selling pressure Near $180 Support

March 8, 2021
Cryptocurrency interest

Cryptocurrency Interest: 40% of Goldman Sach’s clients have crypto exposure, survey

March 8, 2021
Soulja Boy

Soulja Boy sells his tweets as NFT

March 8, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.