On February eighth Mark Scott was served a grand jury subpoena, requesting “all kinds of paperwork” associated to OneCoin.
No matter proof is in these paperwork, Mark Scott doesn’t desire a grand jury seeing them.
We don’t know the specifics of what data the grand jury has requested from Scott, however we do realize it was requested from Scott in his capability as custodian of MSS Worldwide Consultants.
MSS Worldwide Consultants is likely one of the many shell corporations OneCoin used to launder investor funds.
By means of MSS Worldwide Consultants and different shell corporations, the DOJ allege that Scott helped OneCoin launder over $400 million {dollars}.
On February fifteenth Scott’s lawyer knowledgeable the DOJ that ‘Scott would assert his Fifth Modification privilege in response to the subpoena‘.
Subsequently Scott’s lawyer requested he be launched from the subpoena.
The DOJ refused, on the grounds Scott doesn’t ‘have a Fifth Modification privilege as custodian‘.
Scott has now turned to the District Courtroom to resolve the matter.
If the District Courtroom guidelines in his favor, Scott received’t have to supply the grand jury with the requested proof – presumably on the grounds of self-incrimination.
Bear with me right here, as a result of issues get slightly difficult and I’m simply considering out loud… (updates under if anybody can level out one thing I’ve missed).
Mark Scott was indicted by a federal grand jury final August.
As I perceive it he can’t be indicted once more on the identical expenses, so which means this new grand jury pertains to another person.
Supporting that is Scott being subpoenaed as a custodian, reasonably than as a defendant.
Apologies if my authorized terminology is off, however what I’m getting at is Scott isn’t the topic of this unknown grand jury continuing. He’s merely been compelled to supply proof as custodian of MSS Worldwide Consultants.
So who’s the topic of the present grand jury proceedings?
In Scott’s lawyer’s submitting, he states;
The subpoena requires Mr. Scott to find out which if any paperwork “pertain to” the listed people and firms.
The paperwork referenced is the proof Scott has been compelled to supply. The unknown people and firms referred to are associated to OneCoin.
The plain suspect is Sebastian Greenwood, who was arrested in Thailand and extradited to the US final November.
Greenwood’s standing since extradition is unknown. But when it’s not him, then I don’t have any thought who the DOJ are presently going after.
Scott’s lawyer’s submitting is accompanied by a sealed copy of Scott’s subpoena. I can solely assume the explanation for the sealing is that the subpoena would give away who the present grand jury proceedings pertains to.
We’ll maintain you up to date on any developments however both means, appears to be like just like the prosecution of OneCoin executives has begun in earnest.