OneCoin’s legal director received a four-year prison sentence for a $4 billion cryptocurrency scam.
Regarding Irina Dilkinska, the judge who imposed her prison term remarked, “She was an exceptionally intelligent woman who ought to have known better.”
The former chief of legal and compliance for the multibillion-dollar OneCoin fraud scheme received a four-year prison sentence after confessing to laundering millions of dollars.
United States District Judge Edgardo Ramos sentenced Irina Dilkinska, age 42, to four years in prison on Wednesday, the U.S. Attorney’s Office announced on April 3.
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In addition to her four-year prison sentence, Dilkinska was required to disgorge $111 million in restitution and undergo one month of supervised release.
An April 3 Bloomberg report states that Judge Ramos denied Dilkinska’s request to avoid prison time and return home to care for young children in Bulgaria.
“Head of Legal and Compliance” for multibillion-dollar cryptocurrency pyramid scheme “OneCoin” sentenced to four years in prisonhttps://t.co/ohvM1Y2Qx5
— US Attorney SDNY (@SDNYnews) April 3, 2024
Dilkinska, according to Ramos, was “a woman of exceptional intelligence who ought to have known better” and “completely cognizant of the legal ramifications of her conduct during her participation in the $4 billion Ponzi scheme.”
Ramos stated, “I genuinely do not comprehend what hindered her from exiting the scheme prior to its collapse.”
November 10 marked Dilinska’s plea of guilty to allegations of wire fraud and money laundering in a Manhattan federal court. Dilkinska faced the prospect of spending a total of ten years in prison, as each offense carried a maximum five-year prison sentence.
Dilkinsa is the most recent OneCoin executive to go to jail in relation to the fraudulent scheme.
Karl Sebastian Greenwood, a co-founder of the conspiracy, was convicted of fraud and money laundering and sentenced to 20 years in prison with an additional $300 million in restitution obligations on September 12 of last year.
“Cryptoqueen” Ruja Ignatova and Greenwood established OneCoin in 2014, wherein they assured investors of returns guaranteed by a fictitious cryptocurrency bearing the same name.
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Subsequently, it came to light that the organization had not constructed a functional blockchain and instead functioned as a pyramid scheme that remunerated investors with commissions for consistently acquiring new customers.
Ignatova has not been located since October 2017, when she disappeared during a flight to Greece, less than fifteen days after a federal arrest warrant was issued for her. Some speculate that Ignatova’s murder in Mexico in 2020 coincided with the murders of multiple OneCoin associates.
Despite being identified as fraudulent in 2015, OneCoin managed to amass a revenue of more than $4.3 billion, with profits approaching $3 billion during the period from 2014 to 2016.
