Jailed Fraudster Charged With Moving $290K in Forfeited Crypto From Prison
Rossen Iossifov, a Bulgarian man already serving a 111-month federal sentence for a major crypto laundering scheme, has been charged with allegedly laundering $290,000 in cryptocurrency from prison. Prosecutors say that in January 2024 he conspired to move crypto he had been ordered to forfeit by routing it through multiple exchanges and mixing services to conceal its trail and keep it from the government. He faces charges of removing property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering. Iossifov previously ran RG Coins in Sofia and was convicted in 2021 for laundering proceeds from the Alexandria Online Auction Fraud network, which used fake listings to steal from at least 900 U.S. victims. If convicted on the new case, he could receive up to 25 additional years in prison.
