银行欺诈
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OneCoin lawyer sentenced to 10 years in prison for laundering $400 million
A former lawyer from Locke Lord LLP has been sentenced for laundering millions of dollars in OneCoin fraud.
In a landmark verdict, former Locke Lord LLP senior attorney Mark Scott was sentenced on January 25 to 10 years in prison for laundering $400 million in the infamous OneCoin Ponzi scheme.
Scott was sentenced in the Southern District of New York following his 2019 conviction on multiple counts of bank fraud and money laundering. The Inner City Journal first reported the court's decision.
OneCoin Lawyer
Launched in 2014 and operating out of Sofia, Bulgaria, OneCoin was initially positioned as a breakthrough cryptocurrency. However, it quickly became a fraudulent multi-level marketing (MLM) scheme that defrauded more than $4 billion from at least 3.5 million victims worldwide between 2014 and 2016.
In a landmark verdict, former Locke Lord LLP senior attorney Mark Scott was sentenced on January 25 to 10 years in prison for laundering $400 million in the infamous OneCoin Ponzi scheme.
Scott was sentenced in the Southern District of New York following his 2019 conviction on multiple counts of bank fraud and money laundering. The Inner City Journal first reported the court's decision.
OneCoin Lawyer
Launched in 2014 and operating out of Sofia, Bulgaria, OneCoin was initially positioned as a breakthrough cryptocurrency. However, it quickly became a fraudulent multi-level marketing (MLM) scheme that defrauded more than $4 billion from at least 3.5 million victims worldwide between 2014 and 2016.
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📰 From bank executive to prisoner: Former Kansas CEO embezzled $47 million in cryptocurrency and spent 24 years in prison!
🎖️ Shan Hanes, a former Kansas bank executive, was sentenced to more than 24 years in federal prison for embezzling $47.1 million in a cryptocurrency fraud case and causing the collapse of Heartland Tri-State Bank (HTSB).
🕵️♂️ Court records show that between May and July 2023, Hanes illegally transferred $47.1 million from the bank to a cryptocurrency wallet through 11 unauthorized wire transfers. It is alleged that this was an elaborate "pig killing" that specifically lured investors who were unsuspecting of digital asset investments.
👥 The scam not only bankrupted HTSB, but also caused huge losses to the FDIC and investors lost $9 million. Now, a federal judge has ordered a hearing within 90 days to decide how to compensate the victims.
🔍 U.S. Attorney Kate E. Brubacher commented on the case, saying that Hanes not only violated professional ethics and the law, but also undermined people's confidence in Heartland Bank and its investors.
👮 FBI Special Agent in Charge Stephen Sellers also emphasized that Hanes betrayed the trust of the Elkhart community and used his position to embezzle, resulting in a scam that led to the bank's collapse. He should have protected the bank and customers instead of participating in fraud.
🏢 Korey Brinkman of the Federal Housing Finance Agency pointed out that Hanes seriously violated trust, caused huge losses to customers, and ultimately led to the bank's collapse.
👨 Agent Jon Ellwanger added that this sentence sends a clear signal that executives who undermine the stability of community banks will be severely punished by law.
⚖️ He is proud of the cooperation with federal law enforcement to achieve this result and thanked the U.S. Attorney's Office for ensuring that Hanes is held accountable for his crimes.
👇 What do you think of this case? What suggestions do you have for strengthening supervision? Share your thoughts and opinions in the comments section!
#银行欺诈 #加密货币骗局 #法律制裁 #金融安全 #投资者保护
🎖️ Shan Hanes, a former Kansas bank executive, was sentenced to more than 24 years in federal prison for embezzling $47.1 million in a cryptocurrency fraud case and causing the collapse of Heartland Tri-State Bank (HTSB).
🕵️♂️ Court records show that between May and July 2023, Hanes illegally transferred $47.1 million from the bank to a cryptocurrency wallet through 11 unauthorized wire transfers. It is alleged that this was an elaborate "pig killing" that specifically lured investors who were unsuspecting of digital asset investments.
👥 The scam not only bankrupted HTSB, but also caused huge losses to the FDIC and investors lost $9 million. Now, a federal judge has ordered a hearing within 90 days to decide how to compensate the victims.
🔍 U.S. Attorney Kate E. Brubacher commented on the case, saying that Hanes not only violated professional ethics and the law, but also undermined people's confidence in Heartland Bank and its investors.
👮 FBI Special Agent in Charge Stephen Sellers also emphasized that Hanes betrayed the trust of the Elkhart community and used his position to embezzle, resulting in a scam that led to the bank's collapse. He should have protected the bank and customers instead of participating in fraud.
🏢 Korey Brinkman of the Federal Housing Finance Agency pointed out that Hanes seriously violated trust, caused huge losses to customers, and ultimately led to the bank's collapse.
👨 Agent Jon Ellwanger added that this sentence sends a clear signal that executives who undermine the stability of community banks will be severely punished by law.
⚖️ He is proud of the cooperation with federal law enforcement to achieve this result and thanked the U.S. Attorney's Office for ensuring that Hanes is held accountable for his crimes.
👇 What do you think of this case? What suggestions do you have for strengthening supervision? Share your thoughts and opinions in the comments section!
#银行欺诈 #加密货币骗局 #法律制裁 #金融安全 #投资者保护
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