Daily fraud update: 27th April

Chris Lee
OneCoin payment processing page on phone

Key OneCoin sentencing postponed again

A man convicted of participating in money laundering relating to the massive OneCoin crypto scam has had his sentencing pushed back.

Mark Scott, who formerly served as a partner at the legal firm Locke Lord LLP, has had his sentencing postponed until the 14th of July of this year.

This request was granted by Judge Edgardo Ramos, the justice in charge of the case, following a plea from Scott to the court – one of several made since the case began.

Scott was convicted in November of 2019 for his role in the scam, which involved money laundering to the tune of around $400m.

It is understood that the reason for the most recent postponement is so that Scott can have medical tests carried out.

The case has had a number of twists and turns so far.

Scott made extensive claims which he said demonstrated his innocence.

He argued, for example, that the jury in his trial was wrongly instructed and that false information was used.

The US government, which is bringing the case, has refuted this.

Yet, this is not the first time that Scott’s sentencing in particular has been postponed.

It was postponed in February of this year and was due to take place towards the end of May.

Coronavirus domain name seized after alleged Bitcoin link

Bitcoin next to lines of binary code with a hooded figure on a laptop

Police in the United States have seized a domain name related to the coronavirus pandemic over claims that it had been linked to Bitcoin and scams.

The domain “coronaprevention.org” was seized by Homeland Security Investigations in conjunction with the Department of Justice, a message on the site said.

It is understood that the domain name was offered for sale on a website designed for internet hackers, and that it was described as a place to sell “high markup in-demand products”.

The person selling the domain name then asked for payment for it to be made in Bitcoin, media in the US reported.

The seller then allegedly went on to claim to an undercover officer that the site could be used for selling “fake testing kits”.

According to William S. Walker, who serves as the acting HSI Philadelphia special agent in charge, his organisation would fight against any fraudsters located during the pandemic.

“Sadly, criminals are using the current pandemic as an opportunity to generate proceeds while so many Americans are suffering”, he said in a statement released to the press.

“Homeland Security Investigations and our partners will continue to aggressively pursue those who attempt to illegally capitalize on this crisis through illicit money-making schemes”, he added.

US Attorney Tim Shea added that “exploitation” of coronavirus would not be tolerated.

“We will not tolerate exploitation of this national emergency for personal gain”, he said.

“This office will not allow fraudsters to use anonymous online spaces and cryptocurrency to hide their harmful activities and prey on victims”, he added.


Chris Lee

Latest news

If Market Manipulation Is Behind The Crypto Price Crash, Is Now The Time To Buy?
The recent crypto price crash has been extreme, even by the sector’s own high-octane standards. Read more
Fake Elon Musk Crypto Giveaway Is Scamming Investors Of Millions
A new and worrying impersonation scam is defrauding investors of millions of dollars. Read more

Safest Forex Brokers 2022

Broker Info Best In Customer Satisfaction Score
#1 ForexTime LogoYour capital is at risk Founded: 2011 Global CFD & FX Broker
Number One Broker
BEST FOREX BROKER Visit broker
5
#2 BlackBull Markets LogoYour capital is at risk Founded: 2014 Global Forex Broker
Number One Broker
BEST SPREADS Visit broker
4.8
#3 66% of retail CFD accounts lose money Founded: 2014 Global Forex & CFD Broker
Number One Broker
Best Trading Conditions Visit broker
4.9
#4 Plus500 Forex broker logo72 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Founded: 2008 Global CFD Broker
Number One Broker
Best Trading App Visit broker
5
#5 AvaTrade LogoYour capital is at risk Founded: 2006 Globally regulated broker
Number One Broker
BEST CUSTOMER SUPPORT Visit broker
4.9

    Forex Fraud Certified Brokers

    AvaTrade logo
    skilling logo
    City Index Logo
    OctaFX Logo
    Pepperstone Logo
    XM Logo
    FXTM Logo
    Plus500 Small Logo
    LegacyFX Small Logo
    IQ Option Logo
    ATFX Logo
    Exness Small Logo
    BlackBull Markets Logo
    IC Markets Logo
    HYCM Logo
    Forex.com Logo