OneCoin Founder, Karl Sebastian Greenwood, Receives 20-Year Sentence for Fraud and Lavish Spending."

• Irina Dilkinska, the Head of Legal and Compliance at OneCoin, has admitted guilt to wire fraud and money laundering charges linked to the cryptocurrency pyramid scheme. 
  
  Prosecutors allege her involvement led to significant investor losses, and she could potentially face a 10-year prison sentence. U.S. Attorney Damian Williams highlighted that Dilkinska, despite her role, facilitated the laundering of illicit profits amassed by OneCoin through its multi-level-marketing scheme.
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• This development follows the sentencing of OneCoin's founder, Karl Sebastian Greenwood, who received a 20-year prison term for wire fraud and money laundering. Greenwood, having previously pleaded guilty, was accused of deceiving 3.5 million investors and misusing funds for extravagant expenses.

OneCoin first establishment?

• OneCoin, established in 2014 by Greenwood and Ruja Ignatova, has been under legal scrutiny for running what authorities characterize as a cryptocurrency pyramid scheme. Ignatova, also known as the Crypto Queen, is facing similar charges but has been missing since 2017 after a flight to Greece. 
  
  She was added to the FBI's Top Ten Most Wanted List in June 2022. Prosecutors are urging the public to provide information about Ignatova's location, with the FBI offering a reward of up to $250,000 for details leading to her arrest.

Irina Dilkinska confesses to charges of fraud.

• Dilkinska's admission of guilt emphasizes the legal repercussions faced by those involved in fraudulent cryptocurrency activities. 
  
  The ongoing pursuit of justice in the OneCoin case underscores law enforcement's commitment to addressing financial crimes within the cryptocurrency space. Dilkinska's sentencing is scheduled for February 14, 2024, as authorities persist in holding all implicated individuals accountable for their roles in the alleged scheme.