www.justice.gov Inmate Charged with Theft of Seized Cryptocurrency
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- •Rossen G. Iossifov is charged with stealing $290,000 in seized cryptocurrency while in prison.
- •He previously laundered millions for a fraud network targeting American victims.
- •If convicted, Iossifov faces up to 25 years in prison.
Rossen G. Iossifov, a Bulgarian national serving a prison sentence for money laundering, has been charged with stealing $290,000 in government-seized cryptocurrency. While incarcerated, he allegedly conspired with others to transfer the funds from a seized account in January 2024, using multiple crypto exchanges and mixing services to evade government seizure. Iossifov previously operated RG Coins, a cryptocurrency exchange that facilitated money laundering for a fraud ring that targeted American victims. He has been ordered to pay over $2.6 million in restitution and faces up to 25 years in prison if convicted of the new charges. The U.S. Secret Service emphasized the importance of holding individuals accountable who attempt to circumvent lawful court orders.
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