OneCoin Executive Pleads Guilty to Money Laundering Charges
A high-ranking OneCoin executive has admitted to participating in the notorious multi-level marketing (MLM) scam that defrauded victims of more than $4 billion. Irina Dilkinska, head of legal compliance for OneCoin, has pleaded guilty to conspiracy to commit wire fraud and conspiracy to commit money laundering in a Manhattan federal court.
Dilkinska, a Bulgarian citizen, could face up to five years in prison for each charge. OneCoin, co-founded by Ruja Ignatova and Karl Sebastian Greenwood in 2014, operated a fraudulent pyramid scheme that promised financial rewards for recruiting people to purchase cryptocurrency packages.
The U.S. Department of Justice alleges that instead of ensuring compliance with the law, Dilkinska facilitated the laundering of millions of dollars in illicit profits from OneCoin’s MLM scheme. U.S. Attorney Damian Williams vows to continue pursuing the case until all defendants are brought to justice.
U.S. District Judge Edgardo Ramos is scheduled to issue Dilkinska’s sentence on February 14th next year.
Hot Take
A top OneCoin official has pleaded guilty to charges related to the infamous crypto scam, marking a significant development in the ongoing legal battle against the fraudulent MLM operation.
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