OneCoin Head Of Compliance Facing 40-Year Sentence
The alleged scammer has been accused of doing the “exact opposite” of her job to ensure OneCoin complies with the law.
US federal prosecutors have indicted a former executive of the rogue cryptocurrency program OneCoin for her role in its operation. Irina Dilkinska faces up to her 40-year prison sentence after being extradited from Bulgaria.
On March 21, the Department of Justice indicted Dilkinska the former head of OneCoin’s legal or compliance department with one count of wire fraud, and one count of conspiracy to launder money. Each charge could carry her up to 20 years in prison.
Dilkinska is accused of helping launder more than $400 million in OneCoin proceeds, destroying incriminating evidence, and sending incriminating messages upon hearing the arrest of co-conspirators.
According to SDNYnew’s recent Tweet;
Bulgarians charged with involvement in multi-billion dollar crypto pyramid scheme OneCoin extradited from Bulgaria to the US.
Federal Attorney Damian Williams pointed to the irony of Dilikinska’s position given the nature of OneCoin, saying:
“Irina Dilkinska, the alleged head of legal or compliance for the OneCoin cryptocurrency pyramid scheme has accomplished the opposite of her position and allowed OneCoin to launder millions of dollars of illicit proceeds through shell companies. It is said that.
According to the announcement Dilkinska was extradited from Bulgaria on March 20 and was scheduled to appear before U.S. Judge Sarah Netburn the next day.
OneCoin was founded in 2014 by Ruja Ignatova, or Karl Sebastian Greenwood, the “queen of cryptocurrencies.” The latter faces up to 60 years in prison after pleading guilty to multiple charges in December.
However, Ignatova escaped law enforcement and disappeared on a plane to Greece in October 2017. It was just 15 days after her federal arrest warrant was issued.
According to info-tale Tweet;
In 2014, Ruja Ignatova launched a fake cryptocurrency called OneCoin. No currency existed, but Ruja persuaded people around the world to invest. After making her $4 billion profit in 2017, she boarded a plane to Greece and has not been seen since.
In June 2022, Ignatova was added to the Federal Bureau of Investigation’s 10 Most Wanted List, offering a $100,000 reward for information leading to her arrest.
OneCoin was exposed as a scam in 2015, but from Q4 2014 to Q4 2016 alone, it made over $4.3 billion in revenue and about $3 billion in profit.
The United States Securities or Exchange Commission (SEC) has also charged OneCoin’s founder, Ruja Ignatova, with absentia, although her whereabouts remain unknown.
The downfall of the OneCoin scheme has brought scrutiny to the cryptocurrency industry, with critics arguing that it highlights the need for better regulation to prevent similar scams in the future. There have also been calls for greater scrutiny of network marketing schemes, which often have a high rate of failure and can use to mask fraudulent activity.
The head of compliance for OneCoin, the Bulgarian cryptocurrency scheme accused of being a pyramid scheme, is facing extradition to the US, where he could face a 40-year prison sentence.
A OneCoin “cryptocurrency” could be purchased using fiat currency through a network of affiliates, who were promised commissions for recruiting new participants into the scheme.