Executives at the Bank of Ireland (BOI) could join a trial in the case against Mark Scott, who allegedly helped launder nearly $400 million via cryptocurrency scam scheme OneCoin.
Four BOI witnesses to testify remotely
On Sept. 29, the government of the United States submitted a court motion seeking the testimony of four witnesses via closed-circuit television from a remote location in Ireland.
Initially set for Oct. 7, 2019, the trial has been recently adjourned to Nov. 4, 2019, while a final pretrial conference is scheduled for Oct. 28, as reported by fintech publication FinanceFeeds in early September.
All four witnesses are current or former employees of the BOI, where Scott had corporate bank accounts through which he has allegedly laundered over $300 million in OneCoin fraud proceeds.
The list of witnesses includes Diane Sands, the head of BOI’s Anti-Money Laundering team, BOI foreign direct investment team member Deirdre Ceannt, former executive VP and relationship director Derek Collins, and Greg Begley, who is reportedly expected to provide evidence for Scott’s involvement in the fund transfers.
Specifically, Scott is charged in a one-count indictment with conspiracy to commit money laundering. At the upcoming trial, the government will try to prove that, from 2016–2018, the defendant laundered almost $400 million in proceeds from OneCoin in a series of private equity funds in the British Virgin Islands with accounts at banks in the Cayman Islands, known as Fenero Funds.
Six unserved defendants as of Sept. 3
Established in 2014, OneCoin is known as a major crypto exit scam along with famous crypto scam BitConnect. After a U.S. District Attorney charged OneCoin founders Konstantin Ignatov and his sister Ruja Ignatova in March 2019, a number of defendants in a lawsuit brought by OneCoin clients reportedly remained unserved as of Sept. 3. The six unserved defendants reportedly included OneCoin, Ignatova, Sebastian Greenwood, Irina Andreeva Dilinska, David Pike and Nicole Huesmann.