{"id":24176,"date":"2023-03-21T22:53:38","date_gmt":"2023-03-22T05:53:38","guid":{"rendered":"https:\/\/coinnetworknews.com\/onecoin-head-of-compliance-facing-40-year-sentence-after-us-extradition\/"},"modified":"2023-03-21T22:53:38","modified_gmt":"2023-03-22T05:53:38","slug":"onecoin-head-of-compliance-facing-40-year-sentence-after-us-extradition","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/onecoin-head-of-compliance-facing-40-year-sentence-after-us-extradition\/","title":{"rendered":"OneCoin head of compliance facing 40 year sentence after US extradition"},"content":{"rendered":"

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United States federal prosecutors have charged a former executive of the fraudulent cryptocurrency scheme OneCoin for her role in the operation, who now faces up to 40 years in prison after being extradited from Bulgaria.<\/p>\n

On March 21 the Department of Justice (DOJ) charged<\/a> OneCoin\u2019s former head of legal and compliance Irina Dilkinska with one count of wire fraud and one count of conspiracy to commit money laundering, each carrying a maximum potential sentence of 20 years in prison.<\/p>\n

Dilkinska allegedly aided in laundering over $400 million of OneCoin\u2019s proceeds, and upon hearing of a co-conspirator\u2019s arrest destroyed incriminating evidence and sent incriminating messages.<\/p>\n

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Bulgarian woman charged for role in multi-billion-dollar cryptocurrency pyramid scheme \u201cOneCoin\u201d and extradited from Bulgaria to the United Stateshttps:\/\/t.co\/XsY0rYJWeF<\/a><\/p>\n

\u2014 US Attorney SDNY (@SDNYnews) March 21, 2023<\/a><\/p><\/blockquote>\n

U.S. Attorney Damian Williams pointed out the irony in Dilikinska\u2019s job title given the nature of OneCoin, saying:<\/p>\n

\u201cIrina Dilkinska, the supposed Head of Legal and Compliance for the OneCoin cryptocurrency pyramid scheme, accomplished the exact opposite of her job title and allegedly enabled OneCoin to launder millions of dollars of illegal proceeds through shell companies.”<\/p><\/blockquote>\n

The announcement said Dilkinska was extradited from Bulgaria on March 20 and was set to appear before U.S. Magistrate Judge Sarah Netburn the following day.<\/p>\n

OneCoin was founded in 2014 by \u201ccryptoqueen\u201d Ruja Ignatova and Karl Sebastian Greenwood, the latter of which pleaded guilty to multiple charges<\/a> brought against him in December 2022 and faces up to 60 years in prison.<\/p>\n

Related: <\/strong>DOJ and SEC to probe SVB collapse and insider stock sales: Report<\/em><\/strong><\/a><\/p>\n

Ignatova, however, has managed to evade law enforcement agencies<\/a>, going missing in October 2017 after a flight to Greece just 15 days after a federal warrant was issued for her arrest.<\/p>\n

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In 2014, a woman named Ruja Ignatova launched a fake cryptocurrency named “OneCoin”. Despite the currency never existing, Ruja convinced people all over the world to invest. In 2017, after raking in $4 billion profit, she boarded a plane to Greece and hasn’t been seen since. pic.twitter.com\/DoJCfmy0Uj<\/a><\/p>\n

\u2014 Facts – Weird & Interesting (@info_tale) March 15, 2023<\/a><\/p><\/blockquote>\n

In June 2022, Ignatova was added<\/a> to the Federal Bureau of Investigation\u2019s Top Ten Most Wanted List, and a $100,000 reward is offered for information leading to her arrest.<\/p>\n

OneCoin was exposed as a scam<\/a> back in 2015 but managed to generate over $4.3 billion in revenue, with profits of nearly $3 billion, between Q4 2014 and Q4 2016 alone.<\/p>\n

Magazine: <\/strong>Best and worst countries for crypto taxes \u2014 plus crypto tax tips<\/em><\/strong><\/a><\/p>\n