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(Reuters) – A onetime Locke Lord partner who was convicted in Manhattan federal court in 2019 for laundering about $400 million in an alleged $4 billion cryptocurrency Ponzi scheme must have seemed like a big fat target to the plaintiffs lawyers litigating a fraud class action on behalf of investors in the scheme.
Prosecutors, after all, had portrayed the lawyer, Mark Scott, as an integral part of the so-called OneCoin fraud, alleging that he spent the $50 million he reaped from the scheme on seaside real estate, fancy cars and a million-dollar yacht.
So it’s not exactly surprising that when investors filed a 69-page amended complaint last September in their class action in Manhattan federal court, plaintiffs lawyers from the firms Levi & Korsinsky, Zelle, and Silver Miller highlighted the role that Scott and two lawyer colleagues allegedly played in the pyramid scheme.
The complaint laid out the alleged international hoax, in which a Bulgarian woman known as the “Cryptoqueen” teamed up with a marketing whiz to sell investors materials that would purportedly allow them to mine for what turned out to be a non-existent cryptocurrency called OneCoin.
Scott and the other lawyers –…