A OneCoin money launderer is trying to block federal prosecutors from seeing documents he's been ordered to hand over.

Mark Scott was subpoenaed by a grand jury on February 8th demanding a wide variety of documents related to OneCoin, the cryptocurrency pyramid scheme that prosecutors say defrauded investors out of hundreds of millions of dollars. A week later, Scott's attorney told the DOJ he would invoke his Fifth Amendment right against self-incrimination and asked to be released from the subpoena. The DOJ refused. Now Scott has gone to District Court to fight the subpoena.

Scott wasn't subpoenaed as a suspect. He was subpoenaed as the custodian of MSS International Consultants, one of several shell companies OneCoin used to launder over $400 million in investor funds. The DOJ has alleged Scott directly helped move that money through the fake company.

But here's where it gets interesting. Scott was already indicted by a federal grand jury last August. Double jeopardy rules prevent him from being indicted again on those same charges. So this new subpoena has to be for someone else entirely.

The subpoena asks Scott to identify which documents in his possession "pertain to" a list of unnamed individuals and companies connected to OneCoin. That sealed list is the key to understanding what the DOJ is actually investigating right now. Scott's attorney sealed the subpoena itself, likely to keep prosecutors from revealing who the current target is.

The most obvious candidate is Sebastian Greenwood. Thai authorities arrested Greenwood last year and he was extradited to the US in November. His status since arrival remains unclear. If it's not Greenwood, the identity of the current investigation target is a mystery locked inside that sealed filing.

Scott's legal argument has a problem. Courts have consistently held that corporate custodians can't use the Fifth Amendment privilege. You're not protecting yourself from self-incrimination when you're producing documents as a custodian of a company. You're producing company records, not your own incriminating statements.

Scott will likely lose this fight. When he does, the grand jury will see those documents and prosecutors will move closer to their next target. The OneCoin investigation has been quiet for months, but this subpoena fight signals the DOJ is gearing up for the next round of prosecutions. Whoever is in the sealed portion of that filing should be paying attention.

🤖 Quick Answer

Who is Mark Scott and what is his connection to OneCoin?
Mark Scott is the custodian of MSS International Consultants, a shell company utilized by OneCoin to launder over $400 million in investor funds. He was subpoenaed by a federal grand jury in February to provide documents related to the cryptocurrency pyramid scheme that allegedly defrauded hundreds of millions of dollars from investors worldwide.

Why did Mark Scott challenge the grand jury subpoena?
Scott's attorney invoked his Fifth Amendment right against self-incrimination one week after the subpoena was issued in February. After the Department of Justice refused to release him from the subpoena, Scott filed a motion in District Court to legally challenge the subpoena and prevent prosecutors from accessing the requested documents related to OneCoin.

What documents did the grand jury demand from Mark Scott?
The grand jury subpoena required Mark Scott to

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