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Court Ruling on Fraud Case Against Georgieva

The United States District Court for the Northern District of Illinois ruled in favor of the FBI and Victoria Isobel McKinlay against Kristalina Georgieva for her role in a fraudulent lottery/investment scheme. The court found Georgieva liable for receiving and concealing diverted funds and ordered her to pay $1.5 million in compensatory damages and $700,000 in punitive damages, along with attorney's fees. Additionally, she is permanently enjoined from managing financial accounts for third parties without regulatory disclosure.

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Breanna Maher
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8 views2 pages

Court Ruling on Fraud Case Against Georgieva

The United States District Court for the Northern District of Illinois ruled in favor of the FBI and Victoria Isobel McKinlay against Kristalina Georgieva for her role in a fraudulent lottery/investment scheme. The court found Georgieva liable for receiving and concealing diverted funds and ordered her to pay $1.5 million in compensatory damages and $700,000 in punitive damages, along with attorney's fees. Additionally, she is permanently enjoined from managing financial accounts for third parties without regulatory disclosure.

Uploaded by

Breanna Maher
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

United States District Court

Northern District of Illinois

FBI & VICTORIA ISOBEL MCKINLAY, Plaintiff

v.

KRISTALINA GEORGIEVA, Defendant

Case No. 1:25-cv-04567

Date: September 26, 2025

DECISION AND ORDER

Before:
VIRGINIA M. KENDALL, United States District Judge

LARRY JAMES, Attorney

PHILIP SEARS, Attorney

JURISDICTION
The Court has jurisdiction pursuant to 28 U.S.C. § 1331, as the matter involves allegations of
fraud implicating federal law and financial regulations.

ISSUE
The issue before the Court is whether Defendant is liable for receiving, concealing, and
failing to report funds that were fraudulently diverted from Plaintiff in a lottery/investment
Scam, and whether Plaintiff is entitled to damages and additional equitable relief.

FACTUAL HISTORY
On January 15, 2021, The FBI discovered that approximately £300,000 ($402,160) had been
diverted from the Plaintiff accounts through a fraudulent Lottery/Investment scheme
involving third parties, from 2018 - 2020. The diverted funds were traced to an account
owned by Defendant. While Defendant denied active participation, evidence presented at
trial established that Defendant knowingly allowed his account to be used to receive and
temporarily hold the fraudulently obtained funds. The FBI initiated this action seeking
damages and other appropriate relief.

DECISION
Based on the evidence and testimony, the Court finds that Defendant KRISTALINA
GEORGIEVA is liable for aiding in the concealment and retention of fraudulently obtained
funds. The Court further finds that Plaintiff (FBI & VICTORIA ISOBEL MCKINLAY) has
established its claim for compensatory damages, punitive damages, and injunctive relief.

ORDER
IT IS ORDERED that:

1. Defendant shall pay Plaintiff (FBI & VICTORIA ISOBEL MCKINLAY) compensatory
damages in the amount of $1,500,000.
2. Defendant shall pay VICTORIA ISOBEL MCKINLAY punitive damages in the amount of
$700,000.
3. Defendant is permanently enjoined from opening or maintaining any financial accounts
intended for use by third parties without prior disclosure to the relevant regulatory
authorities.
4. Plaintiff (FBI & VICTORIA ISOBEL MCKINLAY) is awarded attorney’s fees and litigation
costs in the amount of $75,000.

SO ORDERED.

__________________________

Virginia M. Kendall
United States District Judge

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