Mark Scott
A former U.S. attorney (Locke Lord partner) who, per a jury, laundered roughly $400M of OneCoin proceeds through a sham investment-fund structure. Convicted in 2019 of money-laundering and bank-fraud conspiracies; sentenced in 2024 to 10 years and $392.9M forfeiture.
Also known as: Mark S. Scott
Bio
Mark Scott was a U.S. lawyer who set up a network of offshore "fund-of-funds" vehicles that prosecutors said moved about $400 million out of the U.S. for OneCoin, earning him tens of millions. [1][2]
Legal outcome
A New York federal jury convicted Scott on November 21, 2019 of conspiracy to commit money laundering and conspiracy to commit bank fraud. On January 25, 2024 he was sentenced to 120 months (10 years) in prison, three years of supervised release, and ordered to forfeit $392,940,000; he has pursued appeals. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
- OneCoin (overview; Mark Scott conviction) — Wikipedia
- In OneCoin Case Konstantin Ignatov Gets Time Served (Scott 10 years) — Inner City Press
See also
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Dropil (DROP)TokensAn ICO for the DROP token built around a fake 'Dex' trading bot. The SEC said it raised ~$1.9M while claiming $54M from 34,000 investors, and that the founders falsified evidence during the probe. Founders Jeremy McAlpine and Zachary Matar pleaded guilty to securities fraud (36 and 30 months).
- CluCoin (CLU)Tokens
This page was last updated on Jun 8, 2026. View revision history.