Former legal director of the cryptocurrency pyramid scheme OneCoin, Irina Dilkinska, has been sentenced to four years in prison by the Southern District Court of New York.
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Co-founder of OneCoin, Ruja Ignatova, is still on the run and has been indicted with a potential 20-year prison sentence.
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OneCoin Legal Director Also Responsible!
Compliance Personnel Involved in Illegal Activities
The OneCoin Scam
Plea Deal Last Year, Main Suspect Still at Large
In addition to imprisonment, Irina Dilkinska has also been ordered to forfeit $111,440,000 and will be subject to supervised release within a month of her sentence.
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Irina Dilkinska, who was originally responsible for overseeing legal and compliance issues, chose to participate in financial illegal activities. Her actions included money laundering $110 million in illegal OneCoin profits to a company in the Cayman Islands, facilitating a scheme that defrauded millions of people worldwide.
With the exposure of its operating details, the OneCoin scam was exposed, revealing a pyramid scheme that involved over 3 million participants and generated nearly $4.4 billion in sales. Victims were lured by the promise of quick riches through cryptocurrency and invested over $4 billion into this scheme.
In November of last year, Irina Dilkinska pleaded guilty to wire fraud and conspiracy to commit money laundering. Meanwhile, the main suspect, known as the “cryptocurrency queen,” Ruja Ignatova, is still at large and her whereabouts remain unknown.
Irina Dilkinska
OneCoin
Scam
Pyramid Scheme
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