• US Prosecutors are cracking down on fraudulent crypto schemes and charged Irina Dilkinska, the former head of legal and compliance at OneCoin, with one count of conspiracy in committing money laundering and one count of wire fraud.
• The maximum sentence for each count is 20 years imprisonment due to her involvement in laundering more than $400 million of proceeds from the fraudulent crypto scheme.
• Ruja Ignatova and Karl Sebastian Greenwood founded OneCoin in 2014 as a project that was later discovered to be a fraudulent pyramid scheme.
Tightening Crypto Regulations in the US
Cryptocurrency regulation is becoming increasingly stringent in the United States following several cases of fraud and crashes of crypto-related firms. In an effort to prevent similar occurrences, US prosecutors are on the scene to handle cases related to unlawful activities involving cryptocurrencies.
OneCoin’s Head Of Compliance Facing 40 Year Imprisonment
The United States Department of Justice (DoJ) has recently charged Irina Dilkinska, the former head of legal and compliance at OneCoin, on March 21 with one count of conspiracy in committing money laundering and one count of wire fraud. Each charge carries a maximum 20 year prison sentence due to her involvement with laundering over $400 million worth of proceeds from the fraudulent OneCoin crypto scheme.
Founders Of OneCoin Scheme On The Run
Ruja Ignatova and Karl Sebastian Greenwood founded OneCoin back in 2014 as a project that claimed to offer a cryptocurrency token but was later discovered by authorities to be nothing more than a fraudulent pyramid scheme. To avoid prosecution, both founders have gone into hiding while Dilkinska had fled Bulgaria before being deported back on March 20th after attempting to destroy incriminating evidence related to her involvement with Onecoin’s illegal activities.
US Prosecutors Crack Down On Crypto Frauds
With stiffer regulations been put into place by authorities regarding cryptocurrencies, it is clear that any form of criminal activity involving digital assets will not go unpunished. With this recent case against Irina Dilkinska being an example, US prosecutors are taking all necessary steps required in order prevent further scams from occurring within its borders or abroad via its citizens involved with such illicit activities.
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