Cryptocurrency regulation is getting more challenging in the United States following several cases of fraud and crashes of crypto-related firms. The regulators put up tighter measures with an intensive crackdown on fraudulent crypto schemes. Also, US prosecutors are on the scene to handle cases of persons regarding unlawful crypto activities.

In a new development, OneCoin’s head of compliance, Irina Dilkinska, faces 40 years of imprisonment on charges of fraud. The executive was accused of being involved in the fraudulent crypto scheme OneCoin. 

US Prosecutors Charge Dilkinska Regarding Involvement With Fraudulent Crypto Scheme

The United States Department of Justice (DoJ) charged the former head of legal and compliance at OneCoin, Dilkinska, on March 21. According to the statement, Dilkinska faces one count of conspiracy in committing money laundering and one count of wire fraud. Each count has a maximum 20 years imprisonment sentence.

‘Related Reading: Crypto Fear And Greed Index Surges To 16-Month High As Bitcoin Breaches $28,000

The executive is accused of her involvement in the laundering of more than $400 million of proceeds from the OneCoin crypto firm. Also, Dilkinska destroyed all incriminating evidence when she discovered the arrest of a co-conspirator, which portrays implicating messages. She compromised her job title regarding Onecoin’s compliance with regulatory laws.

Dilkinska reportedly hid in Bulgaria, where she was deported on March 20. According to the report from US Attorney Damian Williams, Dilkinska’s actions were opposite to her job title. 

Williams noted that as the Head of Legal and Compliance, Dilkinska should ensure that OneCoin complies with all regulatory laws. However, she assisted in laundering millions of dollars of OneCoin’s illegal proceeds via shell firms.

OneCoin Co-Founder On The Run Due To Frau
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Author: Savannah Fortis

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