OneCoin head of legal and compliance sentenced to 4 years in prison and over $110 million forfeited

Odaily News The Southern District Court of New York sentenced OneCoin’s head of legal and compliance Irina Dilkinska to four years in prison and forfeited $111,440,000. She is also required to undergo one month of supervised release. It is reported that Dilkinska facilitated OneCoin money laundering and other financial crimes. In one case, Dilkinska transferred $110 million in illegal OneCoin proceeds to an entity in the Cayman Islands. Prosecutors said Dilkinska’s participation in the massive OneCoin pyramid scheme was a blatant violation of the law, in which she did not uphold the law and perform her duties as head of legal and compliance, but instead promoted and implemented money laundering activities and helped the project parties. Exploiting millions of victims. Data records show that OneCoin recruited more than 3 million participants and generated net sales revenue of nearly $4.4 billion (€4.037 billion) between the fourth quarter of 2014 and 2016. In total, victims invested more than $4 billion in OneCoin. (The Block)