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In OneCoin Trial US Puts On IBERIABANK and Locke Lord Witnesses While Objecting To Mark Scott Exhibits

By Matthew Russell Lee, Patreon, Thread

SDNY COURTHOUSE, Nov 12 – After OneCoin's Konstantin Ignatov got a stay of the civil case against him, his criminal case was said to have been kicked down the road for at least another two months.

It was a productive two months, at least for the U.S. Attorney for the Southern District of New York.

On Veterans Day, the prosecutors wrote to SDNY Judge Edgardo Ramos in favor of the admissibility as evidence of e-mails and letters concerning OneCoin's attempts to launder its money. A sample TD Bank letter to Gilbert Armenta is here. There was also a letter from Sabadell Bank, now part of IBERIABANK which seeks to be acquired by First Horizon of Tennessee.

 On November 12 the government put on as witnesses representatives of Morgan Stanley and of Sabadell / IBERIABANK, the latter of which described informing Mark Scott's then associate Gilbert Armenta that his accounts would be closed due to anti-money laundering risks. Thread here.

 The day's final witness was the Deputy COO of the Locke Lord law firm where Mark Scott worked before setting out on his own into what the government said was his money laundering scheme. The government has objected in advance to e-mails Scott's lawyers have said they will seek to use to cross examine the Locke Lord witness. But that fight has been put off until November 13. More on Patreon here.

  Inner City Press has asked the US Attorney's Office when it was that Konstantin Ignatov pled guilty, since he gave no indication of such a plea in a September 6 status conference that Inner City Press covered, and has asked if it was before Judge Ramos, and if it was sealed.

  The government's next witness was the anti money laundering expert Donald Semesky. Inner City Press will continue to cover the trial. November 7 thread here. More on Patreon here.

  On November 6 Konstantin Ignatov testified that the bodyguards to took Ruja on her final public trip told him she was met by "Russian guys," and that Ruja had told him that in Russia she knew a rich and powerful person. More on Patreon, here.

  November 6 came to an end in the trial with Scott's lawyer Arlo Devlin-Brown cross examining Konstantin in detail about his one and only in person meeting with defendant Mark Scott, when he visited OneCoin's headquarters in Sophia, Bulgaria. Inner City Press will have more on this as the trial continues on November 7.

  Back on November 4 before jury selection, in oral arguments Scott's lawyers asked Judge Ramos to not allow into evidence information and chats found on a Samsung Galaxy smart phone for which Mark Scott paid but was used by his wife, with a Russian keyboard. Judge Ramos declined to suppress it.

  It also emerged that still-missing Ruja Ignatova rented space underneath cooperator Gilbert Armenta to listen in on him. More on that and on jury selection (which included questions on multi level marketing) is on Patreon, here.

On Monday, October 28 in a two hour pre-trial conference covered by Inner City Press, Judge Ramos said that the government can show photos of Scott with a yacht and cars that he purchased.

  The government said the trial will take two to three weeks.

The case is US v. Scott / Ignatov, 17-cr-630 (Ramos).

 More on Patreon, here.


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