Former Locke Lord partner Mark S. Scott was convicted in Manhattan federal court Thursday of conspiracy to commit bank fraud and conspiracy to launder $400 million in proceeds from a cryptocurrency scam, according to the U.S. Attorney’s Office for the Southern District of New York.

Scott was said by prosecutors to have left Big Law to play a key part in laundering the money that poured into a bunk cryptocurrency business called OneCoin. His defense lawyers portrayed him as having been duped by OneCoin co-founder Ruja Ignatova, who is still at large, but it took jurors less than a day of deliberations to find Scott guilty of both the charges against him. The trial was before U.S. District Judge Edgardo Ramos of the Southern District of New York.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]