OneCoin's legal and compliance officer Irina Dilkinska admitted to involvement in money laundering and telecommunications fraud, or face 10 years in prison

2023-11-10 09:55:20

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ChainCatcher news, according to The Wall Street Journal, Irina Dilkinska, the "Legal and Compliance Officer" of OneCoin, admitted on Thursday to charges of telecommunications fraud and money laundering for her involvement in what prosecutors described as a $4 billion global multi-level marketing scheme. She could face a total of 10 years in prison for these two charges.

OneCoin was founded in 2014 in Sofia, Bulgaria, primarily promoting and selling the cryptocurrency of the same name. However, U.S. federal prosecutors stated that OneCoin was not a cryptocurrency with actual value, but rather a pyramid scheme in which the money from new buyers flowed to its leaders and others who sold the currency early on. Prosecutors claimed that over 3 million people invested in this, and OneCoin generated billions of dollars in revenue and profits.

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OneCoin money laundering telecom fraud

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