A New York attorney who helped launder money for the OneCoin cryptocurrency scam has been disbarred in the state.

Mark Stanley Scott lost his law license on October 29th after the New York State Law Reporting Bureau stripped him from the attorney roll, effective retroactively to November 21st, 2019. The decision came down under a New York statute that mandates automatic disbarred for lawyers convicted of felonies.

Scott stood convicted of conspiracy to commit bank fraud—a charge serious enough to trigger the automatic disbarment provision. His money laundering conviction, while damning on its own, technically didn't meet the statutory threshold for automatic removal, though the court found his conduct unacceptable either way.

The crimes ran deep. Prosecutors alleged Scott participated in a wire fraud scheme that moved $400 million in cryptocurrency through U.S. and foreign bank accounts. He also defrauded federally backed financial institutions by misrepresenting material facts to gain access to money and other property.

Scott fought the disbarment, arguing that proceedings in New York were premature since he hadn't yet been sentenced. He also filed a motion seeking acquittal on his convictions. The court rejected both arguments. A judge ruled that disbarring him before sentencing was proper procedure—the conviction itself was enough.

The decision leaves Scott barred from practicing law "in any form" in New York. He had held a license there since 1996 and had been admitted in Florida as well since 1998. His standing in Florida remains suspended pending the outcome of his acquittal motion. If Scott somehow wins that motion, he can petition to overturn his New York disbarment.

Sentencing is scheduled for December 17th, after multiple delays pushed back the date. Until then, Scott sits as a convicted felon without a law license in the state where he practiced for more than two decades.

🤖 Quick Answer

Who is Mark Stanley Scott and what happened to him?
Mark Stanley Scott was a New York attorney disbarred on October 29th for his involvement in the OneCoin cryptocurrency scam. Convicted of conspiracy to commit bank fraud and money laundering, Scott lost his law license retroactively to November 2019 under New York statute mandating automatic disbarment for lawyers convicted of felonies.

Why was Mark Scott's disbarment considered mandatory?
Scott's conviction for conspiracy to commit bank fraud triggered an automatic disbarment provision under New York law. This statute mandates automatic removal from the attorney roll for lawyers convicted of felonies, regardless of other circumstances or mitigating factors in individual cases.

What role did Scott play in the OneCoin scheme?
Mark Stanley Scott assisted in laundering money generated by the OneCoin cryptocurrency scam. His criminal activities included conspiracy to commit bank fraud and money laun

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