Scott's lawyers said that they would appeal the decision.
Despite false testimony from a prosecution witness linked to the “Cryptoqueen” fugitive Ruja Ignatova, the lawyer who funneled $400 million from the OneCoin cryptocurrency fraud, Mark Scott, will not receive a new trial.
Scott, previously a partner at Locke Lord LLP, had employed the ill-gotten funds to finance an extravagant lifestyle, which included purchasing a 57-foot yacht, multimillion-dollar residences in Cape Cod, Massachusetts, and indulging in luxury watches and vehicles, including three Porsches, as outlined by prosecutors.
Ignatov, a government witness who confessed to assisting his sister Ruja Ignatova in the OneCoin fraud, had provided false testimony.
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