Bulgarian Inmate Charged Over $290K Forfeited Crypto
The post Bulgarian Inmate Charged Over $290K Forfeited Crypto appeared on BitcoinEthereumNews.com. A Bulgarian prisoner has been charged with transferring $290,000 in forfeited funds. Rossen Iossifov is in jail for laundering nearly $5 million in crypto within three years. Iossifov could face an additional 25 years in jail if found guilty of the latest charges. A Bulgarian inmate serving time for a crypto laundering case in the US has been accused of orchestrating another scheme from inside prison. The 53-year-old Rossen Iossifov allegedly conspired to move $290,000 in cryptocurrency that a court had ordered him to forefeit. Iossifov is serving a 111-month criminal sentence for laundering nearly $5 million. However, if found guilty of the latest charges, he could remain in jail for an additional 25 years, according to reports. The Department of Justice stated that Iossifov is being prosecuted for removing property to prevent seizure, aiding and abetting, and conspiracy to commit money