OneCoin cash launderer David Pike has been sentenced to 2 years probation.

Pike’s sentencing listening to was coated by Interior Metropolis Press, with Matthew Lee reporting from the courtroom.

As per Lee’s report, prosecutors submitted a six to 12 month sentencing guideline. Pike’s protection legal professional requested a non-incarceratory sentence.

Decide Ramos sentenced Pike to 2 years probation. This can start with three months of 24/7 location monitoring and a 7pm to 7am curfew.

Within the lead as much as sentencing, Pike took accountability for his actions. He apologised to the court docket and his household however didn’t point out OneCoin victims.

David Pike was arrested in 2019. US prosecutors alleged he labored with Mark Scott to launder round $500 million for OneCoin.

For his efforts Pike was paid $1.2 million. Mark Scott, successfully Pike’s boss, collected $50 million.

Pike initially lied to investigators, telling them he was solely paid $3500 a month. This prompted additional investigation, which led to his arrest.

Pike pled responsible and submitted to a $2.09 million judgement in October 2021.

Whereas it’s disappointing to see Pike dodge jail, on the finish of the day he was working below others.

Pike’s sentencing marks the primary judgement in US OneCoin proceedings. Mark Scott (combating for a retrial), Gilbert Armena and Konstantin Ignatov all await sentencing.