A top-level OneCoin executive is pleading guilty to charges stemming from her alleged participation in the multi-level marketing (MLM) scam that defrauded more than $4 billion from victims worldwide.
In a statement, the US Department of Justice (DOJ) said that Bulgarian national and OneCoin head of legal compliance Irina Dilkinska has pleaded guilty to one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering in a federal court in Manhattan. on Thursday.
The 42-year-old faces up to five years in prison on each charge.
OneCoin, co-founded by so-called crypto queen Ruja Ignatova and Karl Sebastian Greenwood in 2014, engaged in a fraudulent pyramid scheme that promised to pay members to recruit people to buy cryptocurrency packages.
The prosecutor alleges that rather than ensuring OneCoin complied with the law, Dilkinska assisted in laundering money for the company, including transferring $110 million in fraudulent proceeds to a Cayman Island entity.
Says Damian Williams, U.S. Attorney for the Southern District of New York:
“As the so-called ‘Head of Legal and Compliance’ of OneCoin, Irina Dilkinska achieved exactly the opposite goal of her position. As she has now admitted, Dilkinska facilitated the laundering of millions of dollars in illegal profits that OneCoin made through its multi-level marketing scheme. This office’s dedicated prosecutors and our law enforcement partners will continue to pursue this important case until every suspect is brought to justice.”
U.S. District Judge Edgardo Ramos, who accepted the guilty plea, will hand down the sentence on February 14 next year.
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