Cryptoqueen’s OneCoin legal chief pleads guilty to fraud

The previous compliance chief of OneCoin — a 2015 crypto scheme that defrauded buyers out of $Four billion — has pleaded responsible to wire fraud and cash laundering costs in Manhattan federal court docket.

In a Nov. 10 assertion, the Division of Justice (DOJ) stated that U.S. District Choose Edgardo Ramos had accepted 42-year-old Irinia Dilkinska’s responsible plea.

“Head of Authorized and Compliance” for multibillion-dollar cryptocurrency pyramid scheme “OneCoin” pleads guiltyhttps://t.co/E656236UXh

— US Lawyer SDNY (@SDNYnews) November 9, 2023

Dilkinska pled responsible to 1 rely of conspiracy to commit wire fraud and one rely of conspiracy to commit laundering. Every cost carries a most potential sentence of 5 years in jail.

“OneCoin’s so-called ‘Head of Authorized and Compliance’ Irina Dilkinska achieved the precise reverse objective of her place,” stated U.S. Lawyer Damian Williams within the assertion.

“As she has now admitted, Dilkinska facilitated the laundering of thousands and thousands of {dollars} of illicit earnings OneCoin accrued by its multi-level-marketing scheme.”

The prosecution discovered that regardless of her function as the pinnacle of compliance for OneCoin, Dilkinsa performed a key function in laundering cash for the scheme. At one level Dilkinsa facilitated the switch of $110 million in fraudulently obtained proceeds to an entity within the Cayman Islands.

Dilkinska’s sentencing is scheduled for Feb. 14, 2024 — the place she faces a most sentence of 10 years in jail for her function within the OneCoin scheme.

The Division of Justice first charged Dilkinska with one rely of wire fraud and one rely of conspiracy to commit cash laundering on March 21.

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OneCoin was based in 2014 by “Cryptoqueen” Ruja Ignatova and Karl Sebastian Greenwood. Greenwood has since been sentenced to 20 years in jail on fraud and cash laundering costs, whereas additionally being ordered to pay $300 million in restitution.

Ignatova, nonetheless, stays at giant, having gone lacking in October 2017 after a flight to Greece simply 15 days after a federal warrant was issued for her arrest.

OneCoin was uncovered as fraudulent in 2015 however nonetheless managed to generate over $4.three billion in income, recording earnings of practically $three billion between This autumn 2014 and This autumn 2016.

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