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George Bush’s Son Roped into OneCoin Scam 

 
George Bush’s Son Roped into OneCoin Scam 
Breaking News / Crypto Market
  • A former attorney at the worldwide law firm Locke Lord, Mark Scott is facing trial in the United States after he allegedly planned to launder illicit money from OneCoin.
  • Scott doesn’t accept the charges that have been pushed against him and claims that he was under the impression that everything was legal. 

A former attorney at the worldwide law firm Locke Lord, Mark Scott is facing trial in the United States after he allegedly planned to launder illicit money from the well-known Ponzi scheme, OneCoin. Working with Ruja Ignatova and her brother, Konstanin Ignatova, they are indicted on money laundering charges and as of now, have gone into hiding.

Former US President George H. W. Bush’s son, Neil Bush was reportedly paid $300,000 by Ruja for attending a meeting in regards to her scam cryptocurrency.

OneCoin Scamming

For Scott though, he doesn’t accept the charges that have been pushed against him and claims that he was under the impression that everything was legal. 

Arlo Devlin-Brown is Scott’s lawyer and spoke to District Judge Edgardo Ramos saying that Bush met with the mind behind OneCoin which is why Scott was comfortable going ahead with the deal.

Scott’s lawyer said:

“This isn’t just: ‘We saw the name Bush on a transaction and cut a subpoena.” 

As per Bitcoinist:

“Neil Bush was previously contacted by the FBI agents investigating the scheme, as he is a board member at Hoifu Energy, a company owned by Chinese businessman Dr. Hui Chi Ming. The company was involved in a $60 million loan deal that would be financed with cash and, strangely enough, OneCoin.”

Addressing whether there was an actual meeting between Bush and Hui, David Garvin, Scott’s counsel, said:

“Bush recalled that the head of Hoifu Energy, Dr. Hui Chi Ming, received a bunch of cryptocurrency for an oil deal in Madagascar. Bush had a residual interest in the cryptocurrency from the oil deal. Bush met the woman from the cryptocurrency company, Ruja Ignatova, in Hong Kong with Dr. Hui.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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