Federal prosecutors have detailed the hidden wealth of alleged OneCoin money launderer Mark Scott, revealing millions stashed in offshore accounts and U.S. banks. A Bill of Particulars filed February 22nd by the Department of Justice maps out the complex financial network Scott allegedly used to move investor funds.
Scott maintained at least $2.4 million in an Iberia Bank account. The seizure list details numerous accounts held by shell companies across Caribbean banks, indicating a deliberate strategy to obscure illicit capital. MSS International Consultants (BVI), Ltd. managed accounts at DMS Bank and Trust Ltd and First Caribbean International Bank. Scott further established entities like DRP Holdings, Ltd., EGD Investment, Ltd., and Mumbelli Group Holding (Cayman), Ltd., all holding funds at First Caribbean. Another shell, HFT Holding Limited, parked money with RBC Dominion Securities Global Ltd.
In the United States, Scott held accounts under his name at Northern Trust Company, UBS Financial Services, and Wells Fargo Advisors. He also deposited funds at the Cooperative Bank of Cape Cod and Ocean Bank. Some of these accounts were co-held with individuals whose identities remain redacted. Prosecutors suggest at least one of these associates may be under a separate grand jury investigation.
The financial seizures represent only a portion of the assets federal authorities have targeted. In September 2018, the IRS seized a 2017 Sunseeker 57 Predator Yacht. Three high-end Porsches were also confiscated: a 2016 White 911 GT3 RS, a 2017 Red 911 4S Turbo, and a 2018 White 911 GT2 RS. These vehicles, along with the yacht, were allegedly financed with money from OneCoin investors.
Two Massachusetts properties were also included in the asset forfeiture. The government seized a home at 31 Dale Avenue in Hyannis Port, owned via MSSI 31 Dale Ave Property Group LLC, and a property at 105 Sunset Lane in Barnstable. Both parcels were taken with all associated improvements and fixtures.
The seizure documents illustrate a pattern of calculated concealment. Scott created corporate shells and routed funds through offshore jurisdictions. This structure allowed OneCoin to convert stolen investor money into luxury goods and real estate while obscuring the money’s origin.
The Bill of Particulars provides a clear picture of how financial fraud operates today. It relies on anonymous shell companies, international wire transfers, and layered ownership structures designed to impede investigations. The government is working to recover these assets, which represent proceeds from the fraudulent cryptocurrency scheme. Victims can find resources through the Department of Justice’s Victim Notification System.