The former compliance officer of the $4 billion Ponzi

Aakarshan590

"Former Legal and Compliance Head of OneCoin, Irina Dilkinska, pleaded guilty on Thursday to charges of conspiracy to commit wire fraud and money laundering. She may face a total of 10 years in prison for these charges.

In September, the U.S. Southern District of New York federal prosecutor's office stated that Karl Sebastian Greenwood, one of the co-founders of the $4 billion Ponzi scheme OneCoin, was sentenced to 20 years in prison and fined $300 million. Greenwood had previously admitted to committing wire fraud and money laundering.

Karl Sebastian Greenwood, 46 years old and holding dual Swedish and British citizenship, was arrested in Thailand in 2018, extradited to the United States, and charged with fraud and money laundering.

OneCoin, operating since 2014, utilized a global multilevel marketing (MLM) network to market and sell a fraudulent cryptocurrency of the same name. Victims worldwide invested over $4 billion in this deceptive cryptocurrency. Another co-founder, Ruja Ignatova, was listed on the FBI's Ten Most Wanted Fugitives list in June 2022 and is currently at large."

Samiksha

The potential punishment for this is still quite severe.

Iravan774

It's really hard to understand what these individuals were thinking at the time.

Niti998

A 10-year sentence is indeed a substantial period.