Bitcoin News and Finance Shell Firm That Laundered Millions for Onecoin Registered in Roma Neighborhood Skip to main content

Shell Firm That Laundered Millions for Onecoin Registered in Roma Neighborhood

Shell Firm That Laundered Millions for Onecoin Registered in Roma Neighborhood in Bulgaria

A company used to conceal the movement of Onecoin-related funds was transferred to a young Romani woman in Bulgaria, local media revealed. The report follows the extradition to the U.S. of the head of legal and compliance at the crypto pyramid scheme, accused of enabling Onecoin to launder millions of dollars through such entities.

Unsuspecting Woman Agreed to Have Company Linked to Onecoin Registered Under Her Name

On Monday, Bulgarian authorities handed over to U.S. custody Irina Dilkinska, former head of legal and compliance at Onecoin. The crypto Ponzi scheme, which raised over $4 billion from investors around the world, is believed to have moved millions of U.S. dollars through shell firms which Dilkinska allegedly helped to establish.

One of these companies, B&N Consult, generated €200 million ($217 million at current rates) in 2015 and 2016, according to the Tuesday announcement by the U.S. Department of Justice about her extradition to the United States, where she is now facing charges of money laundering and fraud in connection with her role in the massive crypto pyramid.

During that period, Dilkinska was managing the firm which was supposed to offer “proprietary consulting services, support and software solutions,” while the DOJ says it was used to disguise the transfer of millions of dollars to fake investment funds operated by Mark Scott, a lawyer charged in the U.S. with helping Onecoin launder $400 million.

In 2017, Irina Dilkinska, now 41, left her executive post and transferred B&N Consult to Margarita Kaneva, a 27-year-old resident of the Roma neighborhood of the town of Etropole in Western Bulgaria, BTV unveiled in a report on Wednesday. The young woman claims she doesn’t know Dilkinska and has never heard about Onecoin or the money laundering allegations.

Shell Firm That Laundered Millions for Onecoin Registered in Roma Neighborhood

Speaking to the Bulgarian TV channel, Kaneva admitted that years ago she accepted 300 leva (less than $170 at the time of writing) to agree to have a company registered under her name. B&N Consult, the official address of which is now her own home in Etropole, is not the only entity that the young woman is legally responsible for.

Dilkinska Last Saw Ruja Ignatova 5 Years Ago, Lawyer Says

The extradition procedure for Dilkinska took almost two years. She was detained in June 2021 on a red notice from Interpol issued in late 2020. In an interview with another leading Bulgarian channel, Nova TV, her lawyer, Nikolay Petrov, said she was working for Onecoin four to five years at its office in Sofia, and last met with the pyramid’s mastermind Ruja Ignatova, who was often traveling, in 2016 – 2017.

Known as “the missing Cryptoqueen,” Ignatova was added to the FBI’s ‘Most Wanted’ list last year. She is a Bulgarian-born German national, also of Romani origin, who founded Onecoin in 2014. The scam allegedly defrauded more than 3 million people around the world by late 2016, offering them to put money into a fake cryptocurrency by the same name. Ruja disappeared after boarding an Athens-bound flight in the Bulgarian capital, on Oct. 25, 2017.

In 2019, her brother and Onecoin co-founder, Konstantin Ignatov, was detained in the U.S. where he pleaded guilty to Onecoin-related charges and sought witness protection. Swedish and British national Karl Sebastian Greenwood, also a co-founder, pleaded guilty in December, 2022. Ruja Ignatova’s ex-boyfriend, Gilbert Armenta, was sentenced to five years in prison for laundering Onecoin proceeds.

Do you think more people involved in the crypto scam will be extradited to the U.S. to face Onecoin-related charges? Tell us in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Blogarama - Blog Directory