The attorney cited Irinia Dilkinska’s role as a “loving wife and mother,” claiming time served was an appropriate sentence for her role in the OneCoin scheme.
OneCoin News
Founded in 2014, Bulgaria-based firm OneCoin is an alleged crypto exit scam that reportedly raised $4.4 billion in a Ponzi scheme and laundered $400 million over its years of operation. Co-founder Konstantin Ignatov pleaded guilty to those charges, while his sister and co-founder Ruja Ignatova, also known as “cryptoqueen,” is currently a fugitive. The company has since been hit by a massive class-action lawsuit, with legal proceedings currently ongoing.
Aside from the fugitive founder and legal investigation, the OneCoin saga is far from over, with former “employee” Quoc-Hung, also known as Simon Le, currently using OneCoin’s existing channels to prop up a similar Ponzi scheme called OneLink.
OneCoin is not the only investment scam of prominence in the crypto industry, with other notable Ponzi schemes including Bitconnect and PlusToken. These schemes involve a multilevel marketing model that incentives “representatives” to sell memberships to an enterprise with no genuine product. Schemes such as these have resulted in billions of dollars in fraudulent activity, which has certainly marred the industry’s reputation in the eyes of the broader marketplace and regulatory authorities worldwide.
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After spending 34 months in prison, Konstantin Ignatov walked free after cooperating with prosecutors and agreeing to hand over $118,000 in ill-gotten gains.
10934A court convicted Mark Scott of two felony counts related to bank fraud and money laundering in November 2019.
8533Mark Scott’s legal team proposed a sentence of five years in prison, compared to the more than 17 years the U.S. attorney suggested for “abhorrent” conduct.
3031The former head of legal and compliance at OneCoin faces up to 10 years in prison for her role in the $4 billion crypto trading scheme.
6322A lawyer who laundered $400 million from the OneCoin scam has been denied a new trial despite arguing there were legal mistakes and false testimony in the original trial in 2019.
2693Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme.
7513The alleged fraudster was accused of doing the “exact opposite” of her job title, which was to ensure OneCoin was complying with laws.
7408The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering.
13142The whereabouts of “Cryptoqueen” Ruja Ignatova are still unknown, but the charges against OneCoin members are starting to pile up.
4254The "public face of OneCoin" is in plea talks for a range of charges
22894Mark S. Scott, who pocketed upwards of $50 million in fees for laundering OneCoin money, disbarred
7668If the courtroom drama of OneCoin is not enough, you’ll soon see the whole thing play out on the big screen.
36605Banks cleared over $2 trillion in "suspicious" transactions. How did crypto fare in comparison?
5971Following the latest ruling on the OneCoin class-action lawsuit, we look into the biggest Ponzi scheme in crypto.
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