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The United States Department of Justice has filed new legal action against Rossen Iossifov, a Bulgarian national currently serving a lengthy prison term, accusing him of orchestrating a scheme from behind bars. Iossifov is alleged to have attempted to transfer around $290,000 in cryptocurrencies out of the government’s jurisdiction, despite a standing court order to […] Continue Reading:Cryptocurrency Caper: Prison Plot Unearthed Source: https://en.bitcoinhaber.net/cryptocurrency-caper-prison-plot-unearthed
The post DOJ Says Inmate Moved $290K Through Crypto Mixers appeared on BitcoinEthereumNews.com.
United States prosecutors have charged a man serving a federal prison sentence over the alleged removal and laundering of about $290,000 in crypto assets held in a Kraken account subject to a forfeiture order. The Department of Justice said on Thursday that Rossen Iossifov, a Bulgarian national, conspired in January 2024 to withdraw and transfer crypto that a federal court had ordered forfeited following his 2021 conviction. Prosecutors allege that the assets were moved through illicit mixing services and crypto exchanges before the US could take possession. The case shows how attempts to move crypto after a forfeiture order can trigger fresh criminal charges, even after the underlying conviction. The US Attorney’s Office for the Eastern District of Kentucky said the cryptocurrency was held in an account registered to Iossifov at Kraken and had been restrained during the investigation. The
Iossifov's actions highlight ongoing challenges in enforcing crypto regulations and recovering illicit funds, complicating legal and financial systems.
The post US charges Rossen Iossifov with laundering $290K from Kraken account while already serving prison sentence appeared first on Crypto Briefing.
The post Jailed Fraudster Charged With Moving $290K in Forfeited Crypto From Prison appeared on BitcoinEthereumNews.com.
In brief Rossen Iossifov, a Bulgarian national serving 111 months for laundering nearly $5 million, has been charged with conspiring to move $290,000 in cryptocurrency that a court had ordered forfeited. Prosecutors say he ran the transfers through multiple exchanges and mixing services in January 2024, while already in federal prison. Should he be found guilty of the new charges, Iossifov faces up to 25 years in prison. A Bulgarian man already serving time for one of the larger crypto laundering cases prosecuted in the U.S. has been charged with pulling off another scheme from inside federal prison, allegedly moving $290,000 in cryptocurrency that a court had ordered him to forfeit. Rossen Iossifov, 53, made his first court appearance in the Eastern District of Kentucky this week on charges of removing property to prevent seizure, aiding and abetting, and conspiracy
The post US Charges Jailed Fraudster Over $290K Crypto Laundering Plot appeared on BitcoinEthereumNews.com.
US prosecutors have charged Bulgarian national Rossen Iossifov with conspiring to launder roughly $290,000 in cryptocurrency that federal authorities seized and ordered forfeited after his earlier fraud conviction. Iossifov allegedly conspired to move the funds in January 2024 while serving a federal prison sentence. He remains presumed innocent, and an indictment represents only an allegation. A Repeat Offender Behind Bars Iossifov was convicted in 2021 in the Eastern District of Kentucky. A jury found him guilty of racketeering and money laundering conspiracies. He owned RG Coins, a crypto exchange based in Sofia, Bulgaria. The platform served a Romanian fraud ring known as the Alexandria Online Auction Fraud (AOAF) Network. The network defrauded at least 900 American victims through a sprawling online auction fraud scheme. Court evidence showed Iossifov laundered nearly $5 mil
