Daisy Global co-founder Eduard Khemchan is under investigation by the US Internal Revenue Service (IRS).
Following a tip off from a reader earlier today, I was able to confirm Khemchan et al v. United States of America was filed on May 5th, 2026.
Through a filed motion, Khemchan seeks to quash an IRS subpoena served on CoinZoom. CoinZoom is a centralized cryptocurrency exchange based out of Utah.
The IRS subpoenaed both Khemchan and Irina Yurchenko on April 15th, 2026.
The subpoena cites the same Oregon address for Khemchan and Yurchenko, which tracks with Yurchenko going by Irina Khemchan on social media:
On his own FaceBook page (not updated since or scrubbed back to 2021), Eduard Khemchan claims he married Yurchenko in 2009.
The IRS’ subpoena directs CoinZoom to produce
all transactions, Know Your Customer (KYC), and Correspondence for [Eduard and Irina] from inception of each Covered Account through December 31, 2023.
In their May motion to quash, the Khemchan’s argue;
Although the face of the Summons recites that it is to investigate Petitioners’ 2023 tax year, the Attachment to the Summons demands CoinZoom to produce records from “inception of each Covered Account through December 31, 2023” an open-ended time period far exceeding the scope of the stated investigation.
Presumably without knowing what exactly the IRS is investigating them for, the Khemchans go on to claim the subpoena
seeks information that is not relevant to a legitimate investigative purpose, is facially overbroad, seeks information already in the IRS’s possession, constitutes an unnecessary second examination of years previously audited, and is issued for an improper purpose.
The Khemchans also reveal they suspect this isn’t the first IRS audit they’ve been subject to;
Upon information and belief, the IRS has already conducted audits of Petitioners for the 2021 and 2022 tax years and those audits are closed.
The IRS’s demand for information from “inception” of the accounts necessarily includes these previously examined periods.
Further, upon information and belief, the IRS issued a prior summons to CoinZoom for Petitioners’ records on or about January 5, 2026, and CoinZoom produced responsive documents.
Pointing out the obvious, it doesn’t sound like the IRS’ audits are closed if they’re requesting more information. In fact I’m not even sure why, other than for the sake of a legal argument, the Khemchan’s think the IRS has closed the books on 2021 and 2022;
The IRS previously served multiple Information Document Requests (“IDRs”) on Petitioners. An IDR dated August 6, 2025 requested information concerning all “acquisition and disposition” of virtual currency from inception through December 31, 2023.
A subsequent IDR (Form 4564) dated February 9, 2026 sought detailed records of Petitioners’ foreign accounts, all books and records for Form 1040 Schedule C for tax year 2023, and detailed source records for all cryptocurrency transactions “from inception through December 31, 2023.”
In response to these IDRs, Petitioners produced extensive documentation.
While BehindMLM can’t confirm the nature of the IRS’ investigation, we can confirm between 2021 and 2023 Khemchan was heavily involved in MLM crypto fraud.
While Jeremy Roma is typically cited as the face of the Daisy Global MLM crypto Ponzi, Khemchan was and is frequently also cited as a co-founder.
Along with Roma and Ilya Martin, Khemchan is believed to have defrauded Daisy Global investors out of millions. In 2025 Roma cited at least $1.1 billion in Daisy Global losses.
Circa 2023, Daisy Global was on its third reboot, an EndoTech AI trading bot ruse.
EndoTech is an MLM Ponzi service provider run by Israeli nationals Anna Becker and Dmitry Guschchin/Gooshchin.
Earlier this year Roma, Martin and Khemchan announced a sixth Daisy Global reboot through Tag Markets, a Dubai MLM Ponzi factory.
Daisy Global investors have also been funnelled into Limitless and Blockchain Sports spinoffs. Limitless has been dead since late 2024 and Blockchain Sports collapsed last month.
Whether the IRS and potentially other US federal agencies are investigating Jeremy Roma and Ilya Martin is unclear.
Per the Khemchans’ quash motion, it’s a possibility Eduard appears acutely aware of.
Furthermore, by demanding identifying information for all counterparties to Petitioners’ cryptocurrency transactions, designed to obtain the identities and information of Petitioners’ business associates …
The IRS filed a motion seeking summary denial of the Khemchan’s motion to quash on July 28th.
In its motion, the IRS paints a very different picture as to the current status of their investigation(s).
The IRS issued and served a summons to CoinZoom for information related to Eduard Khemchan and Irina Yurchenko, who are under audit by the IRS.
The IRS issued the summons to CoinZoom after Mr. Khemchan and Ms. Yurchenko failed to provide the information themselves.
Speaking to only declared sums of money possibly stolen from Daisy Global investors, the IRS’ motion goes on to reveal;
On their 2023 return, Mr. Khemchan and Ms. Yurchenko reported a Schedule C business (Sole Proprietorship) with $5.3 million in gross receipts, $405,832 in depreciation, and $726,074 of other expenses. They also reported $1 million in cash contributions.
The IRS subsequently selected them for audit where it was discovered that Mr. Khemchan was heavily involved with digital assets.
Yet in response to the question on their 2023 Form 1040:
“At any time during 2023, did you (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?”, Mr. Khemchan and Ms. Yurchenko selected “No.”
I can’t speak to Irina but given Eduard’s heavy involvement in Daisy Global in 2023, I suspect he might have been caught out in an obvious lie.
Initially, the IRS issued an Information Document Request (“IDR”) to Mr. Khemchan and Ms. Yurchenko, requesting they provide information about various items identified on their tax return, along with information about their bank accounts and for any digital asset activity.
Mr. Khemchan and Ms. Yurchenko did not provide any information in response to the IRS’s request.
As a result, the IRS issued summonses to various banks for their information.
In its analysis of the information received from those summonses, the IRS learned that Mr. Khemchan had received substantial wire transfers from CoinZoom, a cryptocurrency exchange.
How Eduard Khemchan “received substantial wire transfers from CoinZoom” without “sell[ing], exchang[ing], or otherwise dispos[ing] of a digital asset” is unclear.
Following that discovery, the IRS issued a summons to CoinZoom, like the one here, but did not receive any information in response.
The IRS issued a second IDR to Mr. Khemchan and Ms. Yurchenko, requesting the same information it sought in the first IDR, and also for specific information from CoinZoom and any other digital asset exchange Mr. Khemchan and Ms. Yurchenko might have engaged with, and for other business specific information.
Although Mr. Khemchan and Ms. Yurchenko produced some information in response to that request, they did not produce complete information about Mr. Khemchan’s digital asset activity with CoinZoom.
One additional interesting tidbit from the IRS’ motion;
Moreover, no Justice Department referral, as defined by § 7602(d)(2), is in effect with respect to Mr. Khemchan or Ms. Yurchenko.
This doesn’t confirm the DOJ isn’t investigating the Khemchans, but does confirm as of April 2026 the IRS wasn’t acting on a DOJ request for tax records. It also confirms, as of July 2026 (the month the motion was filed), the IRS hasn’t recommended a grand jury investigation or prosecution.
Which makes sense, given the IRS’ investigation is clearly ongoing at this time.
The Khemchans filed their response to the IRS’ motion on August 25th, arguing it did “not eliminate genuine disputes”. The Khemchans are pushing for an evidentiary hearing on the matter, which the IRS argues is not needed.
The IRS filed its reply to the Khemchans’ response on September 8th;
A careful review of Petitioners Eduard Khemchan and Irina Yurchenko’s Opposition to the United States’ Motion for Summary Denial reveals that the parties have no real dispute.
Petitioners argue that enforcement of the summons should be denied because CoinZoom has produced the summoned information and the United States has not identified any deficiency in CoinZoom’s production.
At base, this argument assumes that the IRS can and should examine the information that CoinZoom has produced. Indeed, maybe this is why Petitioners did not attempt to quash the first summons the IRS issued to CoinZoom — they really do not object to the IRS having this information.
Regardless, and whether Petitioners realize it or not, all the United States hopes to accomplish by its motion is what they seem to assume has already happened: a thorough examination of the information produced by CoinZoom so that Petitioners’ correct federal income tax liability for 2023 can be determined.
Mr. Khemchan and Ms. Yurchenko Are Not Entitled to an Evidentiary Hearing.
Petitioners urge the Court to hold an evidentiary hearing to address a list of 10 topics that read a lot like instructions for how the Court should conduct a review of the IRS’s audit of Petitioners. Opp’n at 19.
Which is not only what the law forbids but also is not justified based on the facts that Petitioners allege support such a review.
At time of publication decisions on the IRS’ motion and Khemchans’ motion to quash remain pending. Stay tuned.
