On January 25, 2019, Mark Scott's defence requested US prosecution to turn over any evidence that might speak on behalf of Scott not being aware of the criminal nature of OneCoin and thus the money laundering side of the business.
As per the US justice system, the prosecution has an obligation to provide any potentially exculpatory information that may directly, or indirectly, rebut the prosecution's case to assist the defence in making its case.
The response by the US Government tells us about evidence of "direct communications between the defendant and Ruja Ignatova, one of the founders and leaders of OneCoin, in the months leading up to the establishment and use of the Fenero funds to launder the proceeds of the OneCoin fraud scheme".
Finally the US Government response concludes with lines that pretty much sums it all:
"The Government is not aware of any evidence that OneCoin was, during the relevant period, engaged in any legitimate business activity."
"While OneCoin Ltd. and its associated business entities on occasion contracted with legitimate service providers and vendors in orger to further the scheme, its core business of marketing and selling so-called "OneCoin trader packages" to its members was completely fraudulent."
Credits to Nickolay Stoyanov from Capital Weekly for the information.
As per the US justice system, the prosecution has an obligation to provide any potentially exculpatory information that may directly, or indirectly, rebut the prosecution's case to assist the defence in making its case.
The response by the US Government tells us about evidence of "direct communications between the defendant and Ruja Ignatova, one of the founders and leaders of OneCoin, in the months leading up to the establishment and use of the Fenero funds to launder the proceeds of the OneCoin fraud scheme".
Finally the US Government response concludes with lines that pretty much sums it all:
"The Government is not aware of any evidence that OneCoin was, during the relevant period, engaged in any legitimate business activity."
"While OneCoin Ltd. and its associated business entities on occasion contracted with legitimate service providers and vendors in orger to further the scheme, its core business of marketing and selling so-called "OneCoin trader packages" to its members was completely fraudulent."
Credits to Nickolay Stoyanov from Capital Weekly for the information.
"Not engaged in *any* legitimate business activity" - that one is pure gold.
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