Silvina Moschini, who built her reputation as a champion of women’s economic empowerment and became the first Latin American woman to lead a company to “unicorn” status with TransparentBusiness’s $1 billion valuation in 2020, now faces SEC fraud charges for her role allegedly defrauding over 5,000 investors of more than $100 million. The executive who won the Women Economic Forum’s “Woman of the Decade” award and a UN EQUALS in Tech award testified under oath she never intended Unicoin tokens to be backed by real-world assets despite marketing materials promising exactly that.
While Konanykhin handled real estate fraud, Moschini’s role focused on the public narrative, posting to LinkedIn claiming Unicoin achieved $3 billion in sales when it raised only $110 million, then defending the company by calling the investigation “a systematic attack against entrepreneurship” and blaming Gary Gensler.
Building the “First Pink Unicorn” and a Reputation as a Tech Visionary for Women’s Economic Empowerment
Moschini, born 1972 in Azul, Argentina, worked at Compaq, Visa, and Patagon.com before co-founding TransparentBusiness with Alex Konanykhin in 2011—a remote workforce monitoring platform. In October 2020, during the pandemic’s remote work boom, TransparentBusiness announced a $1 billion valuation, making Moschini the first Latin American woman to lead a company to unicorn status. The announcement called it the first “pink unicorn” after traditional venture capital funds—which direct only 2.2% of capital to companies with female co-founders—declined to invest.
She founded SheWorks! in 2017, connecting “professional women with job opportunities.” The platform received the 2019 EQUALS in Tech Award from the United Nations for projects “focused on closing the gender gap through technology.” In 2020, the Women Economic Forum named her “Woman of the Decade.” She became a regular contributor to CNN en Español and the World Economic Forum, speaking at global summits on financial inclusion and democratizing wealth.
This reputation made her ideal for Unicoin’s public face when TransparentBusiness changed its name to Unicoin Inc. in October 2022. She served as president and board chairwoman from 2015 through March 2024, rejoined the board in June 2024, and currently serves as CEO of Unicorns Inc. She owns 36.6% of Unicoin’s stock—slightly more than Konanykhin’s 36%. She married Konanykhin and divorced in 2022 but continued working with him.
The Sworn Testimony Admitting No Intent to Back Tokens with Assets
Like Konanykhin and Alex Dominguez, Moschini admitted under oath she never intended for Unicoin tokens to be backed by any assets. The SEC complaint states: “Konanykhin, Moschini, and Dominguez have each admitted in sworn testimony that they never intended that any assets would ‘back’ Unicoin tokens.” Her testimony defined “asset-backed” to mean simply that the company owned assets—any assets at all—not that those assets would secure or guarantee token value.
This admission directly contradicted marketing materials, press releases, investor updates, and promotional videos she participated in creating and distributing. Unicoin’s website, promotional materials signed off by executives, and media interviews repeatedly promised investors their tokens would be “asset-backed, dividend-paying, audited, publicly reporting and regulations-compliant” and secured by billions in real estate and equity stakes in pre-IPO companies featured on Unicorn Hunters. Even after Unicoin’s CFO warned executives in February 2022 not to “say [Unicoin tokens are] backed by a find [sic] since a fund has not been technically set up,” Moschini continued promoting the asset-backing narrative.
Tweeting False Sales Figures and Using Meetings at Stock Exchanges to Entice Investors
Less than two hours after Unicoin announced in November 2022 it had reached $200 million in sales, Moschini tweeted the claim from her X account. By June 2024, she posted to LinkedIn: “I am pleased to share with you that we have achieved $3 billion in Unicoin sales!” This inflated actual sales by 2,600%—Unicoin raised only $110 million total.
The discrepancy stemmed from counting “deferred” sales under a Five Year Plan where investors pledged 20% collateral but weren’t required to pay the remaining 80%. By July 2023, internal messages showed executives knew 38% of these agreements were defaulting, representing $117 million in unpaid obligations. Moschini continued promoting the $3 billion figure anyway.
The SEC alleges Moschini used meetings at NASDAQ and NYSE exchanges “to entice investors.” The company posted photos of executives at exchange logo backdrops, creating the illusion of an imminent public listing.
The LinkedIn Defense: Blaming Gary Gensler and Claiming “Lawfare” After SEC Charges
After the SEC filed charges May 20, 2025, Moschini took to LinkedIn. She posted calling the action “a systematic and calculated attack against entrepreneurship, innovation and the fundamental principles of fair business practices.” She blamed Gary Gensler specifically, claiming the investigation represented persecution by “rogue officials left over from the Gensler administration.”
Her post continued: “As an immigrant who became a proud American citizen, I came to this country believing in its promise of opportunities, equity and limitless innovation. Today, that promise feels betrayed.” In Spanish-language media, she characterized the charges as “lawfare” against Unicoin.
After Trump’s election, Moschini began advocating publicly for the GENIUS Act. She stated: “We had so many run-ins with the SEC. Gary Gensler really slowed things down for the entire industry.” She claimed Unicoin “did it following all the rules.”
Reality TV as Marketing Vehicle and the Awards That Legitimized the Fraud
Moschini served as executive producer and panelist on “Unicorn Hunters,” which debuted in 2021 on Amazon Prime. The show featured her alongside Steve Wozniak, Lance Bass, and former U.S. Treasurer Rosa Rios evaluating startup pitches. Viewers could invest real money in featured companies. Unicoin acquired stakes in seven companies valued at $8.1 million in its 2024 report.
The show served dual purposes: generating streaming content while creating the appearance that Unicoin held valuable equity positions backing the tokens. Forbes described it as “the most iconic business show of recent times.” The celebrity panel legitimized Unicoin’s claims about asset backing and regulatory compliance. Moschini’s awards as a champion of women’s economic empowerment similarly provided credibility that helped convince investors.
The SEC Case and What Comes Next
The SEC filed charges against Moschini for violations of Securities Act Section 17(a) and Exchange Act Section 10(b)—the antifraud provisions. Unlike Richard Devlin, who settled within days for $37,500, Moschini faces the full enforcement action seeking permanent injunctions, disgorgement, civil penalties, and officer-and-director bars.
Mark Cave, SEC Associate Director, stated: “We allege that Unicoin and its executives exploited thousands of investors with fictitious promises that tokens would be backed by real-world assets. The real estate assets were worth a mere fraction of what the company claimed, and the majority of sales were illusory.”
Moschini vowed to fight the charges alongside Konanykhin and Alex Dominguez. No criminal charges have been filed, though the SEC’s civil case proceeds.
Conclusion
The woman who won awards for democratizing wealth and closing gender gaps through technology now faces allegations she systematically misled thousands of investors about what they were buying, counting money she knew wouldn’t materialize and promoting asset backing she admitted under oath never existed.
Horrible person. Working for her was only about harassment, bullying, no ethic and rudeness among other.. pathetic human being