OneCoin crypto-scam lawyer found guilty of worldwide $400m fraud

A Florida lawyer who boasted of making “50 by 50” – as in, $50m by the age of 50 – is now facing a potential 50+ years behind bars for money laundering and lying to banks about funds flowing from OneCoin, a cryptocoin Ponzi scheme that started in Bulgaria but spread like a money-sucking fungus around the world. Mark Scott, 51, a former equity partner at the law firm Locke Lord LLP, was convicted in Manhattan Federal Court on Thursday for laundering about $400 million from the massive international OneCoin fraud.

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