OneCoin by Ruja Ignatova was among the top scam projects that duped investors worth billions of dollars
Irina Dilkinska, the former executive and head of compliance at OneCoin has been charged for her role in popularising the scam project that stole investors’ money worth billions of dollars.
Irina faces upto 40 years in prison after being extradited from Bulgaria. The United States Department of Justice charged her with two crimes, one involving wire fraud and the second being money laundering.
Each charge carries a sentence of 20 years in prison. Irina was involved in money laundering worth $400 million of OneCoin proceeds and was also involved in destroying the pieces of evidence.
She was extradited from Bulgaria on March 20th and appeared before U.S. Magistrate Judge the following day.
OneCoin was founded in 2014 by the infamous “cryptoqueen” Ruja Ignatova and Karl Sebastian Greenwood. It was supposed to be the Bitcoin killers and was deemed to surpass Bitcoin in marketcap until the truth emerged.
OneCoin wasn’t backed by blockchain technology and it has no ecosystem to support its growth. The investors lost $4 billion worth of savings by investing in this project.
The co-founder Karl Sebastian Greenwood was arrested in Thailand and extradited to the U.S. where he faced up to 60 years of prison sentence on various charges including money laundering and wire fraud.
The cryptoqueen Ruja Ignatova is still on the run but a recent report reveals that she was killed by the mafia months after she went into hiding after boarding a plane to Greece in 2017.
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Paras is a blockchain writer & video creator at Katoch Tubes. In his free time, he loves watching space exploration documentaries & Hollywood movies.