Irina Dilkinska, the former legal chief of OneCoin, faced a four-year prison term. US District Judge Edgardo Ramos issued the sentence.
Dilkinska’s conviction is a pivotal moment in the battle against the OneCoin scam. It highlights the legal system’s resolve in tackling financial misconduct and protecting market integrity.
How Irina Dilkinska Played a Key Role in the OneCoin Scam?
Dilkinska had admitted to her involvement in wire fraud and money laundering conspiracies. The case spearheaded by Damian Williams, US Attorney for the Southern District of New York, sheds light on the extensive OneCoin fraud.
“Irina Dilkinska’s involvement in the sprawling OneCoin pyramid scheme was a flagrant breach of conduct. Rather than upholding the law and embracing her position as the Head of Legal and Compliance, she facilitated and committed money laundering, aiding in the exploitation of millions of victims,” Williams said.
Read more: 15 Most Common Crypto Scams To Look Out For
OneCoin, established in Sofia, Bulgaria, by Ruja Ignatova and Karl Sebastian Greenwood, was essentially a pyramid scheme masquerading as a cryptocurrency firm. It promised vast returns on investment but was devoid of genuine digital currency or blockchain technology.
The scheme’s lifeblood was its MLM model, which enriched founders through deceitful strategies.
Dilkinska, entrusted with OneCoin’s legal and compliance oversight, instead facilitated the scheme’s financial misconduct. She orchestrated the laundering of $110 million to a Cayman Islands firm.
Consequently, she must forfeit $111,440,000, reflecting her significant role in the fraud.
The investigation into OneCoin, one of history’s most significant cryptocurrency frauds, continues to unravel its complex web of deceit. The scheme lured over three million people globally, exploiting their aspirations for financial breakthroughs akin to Bitcoin’s success.
Moreover, Dilkinska’s sentencing follows Greenwood’s 20-year imprisonment for masterminding the OneCoin scam. His lavish lifestyle, funded by the fraud, starkly contrasted with the financial devastation faced by investors.
The OneCoin saga also involves the mysterious disappearance of co-founder Ruja Ignatova, known as “the Cryptoqueen.” Ignatova has been on the run since 2017, evading charges of fraud and money laundering.
Read more: How To Identify a Scam Crypto Project
Her current status remains a topic of intense speculation and investigative interest, with rumors of her demise circulating yet unconfirmed.
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