Saturday, January 27, 2024

In OneCoin Case Mark Scott Gets 10 Years DOJ Wanted 17 as No Objection to Redactions


By Matthew Russell Lee, Patreon Podcast Order

SDNY COURTHOUSE, Jan 25 -- For scam crypto currency OneCoin, Sebastian Greenwood who co-founded the company with Ruja Ignatova was sentenced to 20 years in prison by U.S. District Court for the Southern District of New York Judge Edgardo Ramos on September 12, 2023. Inner City Press was there and live tweeted, thread here

On January 19 Mark Scott, convicted at trial,  submitted a heavily redacted sentencing submission, asking for "no more than five years of imprisonment." Inner City Press immediately wrote in seeking to unseal. Letter here. Later on January 19, the US Attorney's Office asked for 17 years.

On January 22, Judge Ramos' chambers told the parties to respond to Inner City Press' motion to unseal by January 24 at 3 pm.

Scott's lawyer to his credit unsealed some, but still sealed for example the names of Scott's supporters who were clients - one might say, you can't have it both says, supporting anonymously. But worse, DOJ wrote in and said it has no objection to this. Judge Ramos agreed. And see Q&A here.

On January 25, Mark Scott was sentenced to 10 years in prison - but will be asking for bail pending appeal. Thread here.

Watch this site. More on Substack here

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