Mark Scott, the lawyer responsible for laundering $400 million for the OneCoin fraud, has had his motion for a new trial rejected despite perjury by prosecutorial witnesses in the 2019 trial, Cointelegraph reported. Mark Scott claimed that he did not know that OneCoin was a fraud at the time and should not be charged for participating in setting up a fund to launder money for OneCoin founder Ruja Ignatov. In November 2019, Scott was convicted of money laundering and bank fraud conspiracy. Despite Konstantin Ignatov's false testimony in the 2019 trial, U.S. District Judge Edgardo Ramos rejected the lawyer's request for a new trial at a hearing on September 18. Scott's lawyer said he would appeal. OneCoin was launched in 2014 and promoted itself as a cryptocurrency similar to Bitcoin, but was later revealed to be a pyramid scam.