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📌 OneCoin’s legal director received four years in prison for a massive $4 billion cryptocurrency fraud.

The former head of legal and compliance at multi-billion dollar fraud scheme OneCoin has been sentenced to four years in prison after she admitted helping to launder millions of dollars. Cryptocurrency

– The former head of legal and compliance at multi-billion dollar fraud scheme OneCoin has been sentenced to four years in prison after she admitted helping to launder millions of dollars.

Irina Dilkinskaya, 42, was sentenced to four years in prison by federal district judge Edgardo Ramos on Wednesday.

In addition to the four-year sentence, Dilkinskaya was sentenced to one month of supervised release and ordered to pay $111 million in restitution.

According to an April 3 Bloomberg report, Judge Ramos denied Dilkinskaya’s request to be released from prison and return home to care for her young children in Bulgaria.

Judge Ramos said Dilkinskaya was “a very intelligent woman, a woman who should have known better,” adding that she fully understood the legal consequences of her actions when she took part in running a $4 billion Ponzi scheme.

I sincerely do not understand what prevented her from withdrawing from the scheme until after the scheme was destroyed,” Ramos said.

Dilinska pleaded guilty to fraud and money laundering charges in Manhattan federal court on Nov. 10. Each charge carries a maximum penalty of five years in prison, so Dilinska faces a maximum of 10 years in prison.

Dilinska is the latest OneCoin executive to receive prison time for his role in the fraud scheme.

Last September 12, Carl Sebastian Greenwood, a co-founder of the scheme, was sentenced to 20 years in prison and ordered to pay $300 million in restitution for fraud and money laundering charges.

OneCoin was founded in 2014 by “cryptocurrency miner” Ruya Ignatova and Greenwood, who promised investors guaranteed returns in a fictitious cryptocurrency called “OneCoin.”

Ignatova disappeared after flying to Greece in October 2017, just 15 days after a federal arrest warrant was issued; some speculate that Ignatova was murdered after several OneCoin partners were killed in Mexico in 2020.

OneCoin was found to be fraudulent in 2015, but between 2014 and 2016, it generated more than $4.3 billion in revenue and nearly $3 billion in profits.

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