UpdatesMar 23, 2023

OneCoin collaborator faces 40 years in prison after extradition to the US

A Bulgarian woman has been charged in connection with a cryptocurrency fraud that cost more than $4 billion.

According to information disclosed by the US Department of Justice, OneCoin's associate has been charged with her involvement in a massive scam. This scam was created in 2014 using cryptocurrency as a mechanism of operation. The company that controlled this project was based in Sofia, Bulgaria. The extradited Irina Dilkinska, who was employed at OneCoin, laundered millions of dollars as head of the legal department, helping the founders of this fraudulent financial scheme to carry out their criminal agenda.

OneCoin collaborator faces 40 years in prison

The U.S. Justice Department announced yesterday that a Bulgarian woman has been charged with involvement in the multi-billion-dollar OneCoin pyramid scheme and that she has been extradited from Bulgaria to the United States.

Irina Dilkinska was involved in a massive scam that cost over $4 billion from investors around the world. This venture encouraged the purchase of a purposefully created cryptocurrency. In fact, however, it had the hallmarks of a pyramid scheme. This was because the funds obtained from new people were allocated to the previous participants of the scheme.

The accused Bulgarian citizen allegedly headed the legal department at OneCoin. In fact, she assisted management in laundering money through shell companies. According to the US prosecutor, Irina Dilkinska was involved in a large-scale plan with millions of victims and billions of dollars in damages. Now, most likely, she will take responsibility for her actions.

FBI Deputy Director Michael J. Driscoll said that the woman in question helped Mark Scott launder approximately $400 million, and when she received information about the arrest of her accomplice, she destroyed the documents incriminating her.

Cryptocurrency scam

OneCoin functioned as an MLM network through which its members were paid for recruiting other people to buy "cryptocurrency packages". This company did not have any real product, and the funds obtained from new people were paid to older participants of the scheme.

In October 2017, Ruja Ignatova was also accused of fraud related to the OneCoin project. She was hailed as CryptoQueen, and then disappeared without a trace in the same year. She was last seen traveling to Athens, Greece. In June 2022, she was placed on the FBI's Top 10 Most Wanted List. US law enforcement has offered a $100,000 reward for information leading to her arrest.