Ex-Locke Lord Partner Laundered Money in Crypto Scam, U.S. Says

Mark Scott got a nice bump when he left his partnership at a big law firm and took up money laundering for a multibillion-dollar international pyramid scheme based on the fake cryptocurrency OneCoin, federal prosecutors say.

Scott, who has pleaded not guilty, is accused of using a network of shell companies, offshore bank accounts and phony investment funds to hide the origin of $400 million in illegal proceeds. He made millions, which he used to buy a 57-foot yacht, multimillion-dollar homes in Cape Cod, Massachusetts, and luxury cars, including three Porsches, Assistant U.S. Attorney Julieta Lozano told jurors on Tuesday ...